Factors to Consider when Investing in Cryptocurrencies

Before an individual decides to invest in any form of cryptocurrency, he should first evaluate his understanding of the particular currency. Since it is a risky investment, anyone who has the urge to invest needs to consider the digital asset before starting the investment. An interested investor will need to pay deep attention to various aspects before buying the cryptocurrencies. Such vital points include only investing in an amount that you can lose, studying the subject keenly beforehand, understanding the…

BlockFi Users Can Send Cash Via Wire and Gain Upto 8.6% APY on their Investment

Recently, BlockFi, a crypto lender, announced the addition of a new product feature on its platform. The crypto lender will give its users the ability to send cash to the platform through the wire. As of the 10th of March, users can now send USD wires to the BlockFi platform to buy stablecoins and begin earning up to 8.6% APY on the USD-denominated assets. The wires sent will be exchanged for Gemini Dollars (GUSD) on the platform, and the deposited…

HashCash Plans to Invest $10 Million in the Indian Crypto Industry

HashCash Consultant is thinking of investing $10 million in the Indian blockchain and cryptocurrency economy. The announcement came after India’s Supreme Court verdit on cryptocurrencies, which lifted the ban imposed on them by the RBI. HashCash’s CEO, Raj Chowdhury on Investing in India’s Crypto Industry  According to Raj, India’s Supreme Court verdict is a historic judgement that put India back in the global map. He said that the reinstating of crypto activities paved the way for an entire geography, for…

The Incoming Bank of England Governor Hints Investors Could Lose All Their Bitcoin

A stern warning by the incoming governor of the Bank of England, Andrew Bailey, has been issued against investing in Bitcoin. In a 4th March 2020 Address to the UK's members of parliament, Bailey said that Bitcoin lacks any intrinsic value. Anyone investing in Bitcoin must thus be prepared to lose all their funds. He chipped at the failure of Bitcoin to live up to its expectation of widespread adoption. The incoming governor starts his duty as the new head…

LightCrypto, a Renowned Analyst, is Buying Bitcoin at $8.5k

Regardless of whether Bitcoin is showing weakness recently, a renowned analyst known as LightCrypto is buying Bitcoin near the $8.5k to $8.6k level. He noted his stance on Bitcoin, remarking that the cryptocurrency sustained well as gold declined below $1600 after moving close to $1700. As per LightCrypto, Gold’s fall is another sign of a vibrant and capitulatory macro environment. On the other hand, Bitcoin is compelling flatlining shows that sellers still support the cryptocurrency.  LightCrypto is Optimistic About Bitcoin’s…

Cryptocurrency Is A Legitimate Investment Tool, Says An Australian Judge

Recently, there is a defamation case in the New South Wales District Court, and Judge Judith Gibson approved the use of cryptocurrency as collateral. The judge said that cryptocurrency is a form of investment with recognition and acknowledged its volatility, as per a brief from the Australian Associated Press. The New South Wales court directed that the plaintiff must deposit 20000 AUD (about $13,000) in a bank account guarded by the courts. In this case, the plaintiff’s loss or success…