In a recent keynote address at Zoom’s Zoomtopia 2023 conference, Charlie Munger, the vice chairman of Berkshire Hathaway and Warren Buffett’s right-hand man, made headlines by trashing two popular investment trends – artificial intelligence (AI) and cryptocurrency. Munger, with decades of investing experience under his belt, expressed his skepticism about these trends and shared his…
In a significant development in the world of cryptocurrency, Binance, the world’s largest crypto exchange, has suspended access to its platform for new users in the United Kingdom. This move comes in the wake of regulatory changes and a terminated partnership with a third-party firm tasked with approving communications in line with the UK’s new…
The cryptocurrency market is facing a challenging autumn, with the launch of six exchange-traded funds (ETFs) tracking ether futures contracts in the United States failing to generate the expected enthusiasm. This comes as investors are turning away from risk due to concerns over economic uncertainty and ongoing geopolitical conflicts, including the situations in Ukraine and…
In 2023, as equity markets staged a remarkable comeback, the crypto market, too, is experiencing a resurgence. Ethereum (CRYPTO: ETH) has seen a substantial climb of nearly 30% this year after enduring a harsh 68% drop in 2022. However, with Ethereum still significantly below its all-time high, many enthusiasts are holding out hope for substantial…
Cryptocurrencies have endured a turbulent week, with the industry’s more contentious aspects grabbing relentless media attention. At the center of this storm is the trial of Sam Bankman-Fried, a prominent figure in the crypto world, whose legal proceedings have brought the industry and its most infamous personality into the spotlight. This unfavorable publicity has left…
As the world of investments continues to expand, many individuals are venturing into the stock and cryptocurrency markets. While the allure of financial gain is strong, it’s essential to understand the tax implications associated with these investments. Lisa Greene-Lewis, a TurboTax expert and CPA, offers valuable insights and tips to help investors save money while…
In 2021, the world witnessed an unprecedented surge in the popularity of meme stocks and cryptocurrencies. Shiba Inu (CRYPTO: SHIB), a dog-inspired cryptocurrency, was at the forefront of this frenzy, with its price skyrocketing to dizzying heights. However, the landscape for SHIB has drastically changed since then, with its price plummeting by 92% from its…
While Polygon (CRYPTO: MATIC) has faced a challenging year with a significant decline in its value, recent developments suggest that the crypto token may be on the cusp of a resurgence. Despite being down more than 25% for the year, Polygon has rebounded by 12% since September 28, following a nearly 67% drop from February…
Ethereum Futures ETFs Arrive Amid SEC Approval Wave: On Monday, the cryptocurrency market witnessed a significant development as multiple Ethereum futures exchange-traded funds (ETFs) hit the market, signaling an encouraging shift for crypto investors. This move comes as the U.S. Securities and Exchange Commission (SEC) approved nine such products, including those from Valkyrie Investments, VanEck…
The cryptocurrency world has been a hotbed of activity, marked by significant events, controversies, and technological strides in recent years. However, one incident has left a dark stain on this dynamic industry – the sudden collapse of FTX exchange in November, which resulted in an estimated 1 million customers potentially facing significant losses. For Lee…