Billionaires Who Have Publicly Showed Interest in Cryptocurrencies

The cryptocurrency boom of 2017 saw a rise in their acceptance from prominent economic figures. Since then, their volatility hasn't stopped significant investments in them. Today there's a push for their global mass adoption. Industry-leading lights and renowned celebrities have expressed their support for the assets. Nothing best captures this reality than Forbes's recent list of the world's wealthiest people. It indicates a growth in the number of crypto billionaires over time. From an asset that courted controversy and skepticism,…

A Look at the Recent Price Movements in the Crypto Market

The crypto market had a rocky time this week that saw most top crypto assets shed significant gains. For instance, BTC briefly plunged to a low of $28,600 on Tuesday, erasing almost all the gains it has accumulated this year. However, at its current price of $31,200, bitcoin is still up approximately 14% from this year's low of $27,730. Ethereum is facing strong resistance near $1,850 and has struggled all week to clear that level. On Friday, the world's second-largest…

How to Circumvent a Crypto Market Correction

Cryptocurrency markets are characterized by comparably higher volatility than stock markets. As such, a very robust bullish market may suddenly swing to rapid decline. A bearish market may also suddenly get an upswing in prices. Due to the comparatively higher volatility, crypto market corrections may catch many traders completely unawares. An investor may suddenly find himself in a position where a previous cash cow loses money rapidly in hours, prompting a divestment. Consequently, the price may swing back up from…

Facebook Diem Appears Bullish Amid Speculated Launch

Facebook-backed Diem might launch this year based on a recent report. The report, citing a source undisclosed, said the Diem Association plans to launch a small pilot with a single "stablecoin," pegged to the US dollar, later this year. The association has indicated that it has relocated its significant activities to the United States from Switzerland. It has also withdrawn its application to the Swiss Financial Regulator for payments. CNBC also said that if Diem's pilot is introduced this year,…