Cryptos

Source: Wave FinancialHow does $400,000 per bitcoin sound? Most likely outlandish, especially if it is expected within the next five years. But that is exactly the price the analysts at Los Angeles-based investment management company Wave Financial believes bitcoin could reach, using the investment analysis model stock-to-flow ratio, by as early…

Billionaire investor Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates, thinks bitcoin may have a similar fate as gold did in the U.S. during the 1930s."ack in the '30s in the war years ... because cash and bonds were such bad investments relative to other things, there was the movement to those other things, and then…

The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes Coming Soon…

Within the Old Testament of the Bible is a brief story that serves as an effective analogy to the strength and momentum of the Bitcoin network. You can read it below: Thou, O king, sawest, and behold a great image. This great image, whose brightness was excellent, stood before thee; and the form thereof was terrible. This image’s head was of…

A Missouri man was sentenced on Tuesday to 12 years in federal prison after he twice tried to purchase a chemical weapon on the dark web and pay for it with Bitcoin as part of a plot to poison a woman who had ended a relationship with him, prosecutors said.The man, Jason William Siesser, 46, of Columbia, Mo., pleaded guilty last year to one…

John Authers is a senior editor for markets. Before Bloomberg, he spent 29 years with the Financial Times, where he was head of the Lex Column and chief markets commentator. He is the author of “The Fearful Rise of Markets” and other books.Read more opinionFollow @johnauthers on Twitter…

A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020.Aly Song | ReutersBEIJING — Ant Group, an affiliate of Alibaba, is becoming one of the first major privately run businesses to work with China's digital currency trials.MYbank — an online-only bank…

Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg Fidelity…

Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated. The Crypto Council for Innovation will lobby policy makers, take up research projects and serve as the burgeoning industry’s voice in championing the…

(Bloomberg) --Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency.In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla…