Cryptos

Instagram star “Jay Mazini” was hit with federal charges Tuesday for allegedly duping his followers into sending him $2.5 million in Bitcoin, officials said. Mazini, 25, whose given name is Jegara Igbara, had one million followers before his Instagram account was shut down. He allegedly posted videos of himself on the site…

Bitcoin is trading in contango. But what does this mean?“Contango is a situation where the futures price of a commodity is higher than the spot price.” -InvestopediaNow, what’s a futures contract?“A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the…

In an interview this morning on CNBC’s “Squawk Box,” legendary investor Stanley Druckenmiller gave his view on the dollar’s stance as the world reserve currency and the current U.S. fiscal and monetary policy. Druckenmiller did not hold back his views on what the massive amounts of liquidity meant for the bond market, or the U.S. and its…

It may be common knowledge that mining Bitcoin (BTC) requires a great deal of energy and computer power but it did not deter a person online from trying to do it on an 80’s era  Nintendo Co, Ltd (OTC:NTDOY) GameBoy console running on two AA batteries. What Happened: Stacksmashing, an Information Technology researcher and content creator on…

A Goldman Sachs logo is seen displayed on a smartphone screen.Omar Marques | SOPA Images | LightRocket | Getty ImagesGoldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group, CNBC has learned exclusively.The bank aims to begin offering investments in…

Is there a bitcoin supply shortage on exchanges? Yes and no. The bitcoin balance on exchanges has received a lot of attention during this bull run because the change in these balances sticks out. In previous bull runs, what can be observed is that, often, with bitcoin’s price increasing, the bitcoin balance on exchanges has increased. This can…

Note: This article does not constitute financial advice. Like many, when I first heard of bitcoin, my reaction was “Why would anyone invest real cash in magic internet money?” It was worth zero — backed by nothing. And, like a fool, I was keen to point this out to anyone who would listen. But still, I was curious what the buzz was about, so I…

You might have noticed some green squares floating around Twitter. Like the laser eyes, they are part of the insider signaling that creates a sense of cause and belonging. Unlike the laser eyes, they are not directly about the price – they signal support for the proposed Taproot upgrade for the Bitcoin network.Why is this important? It’s not…

Warren Buffett hates cryptocurrencies. Treasury Secretary Janet Yellen isn’t a fan and neither is Bill Gates. Ditto for scores of great economic minds who call the rise of cryptos like Bitcoin a “bubble,” and a lot worse.   I have my doubts as well. I’ve seen too many Pets.coms in my career covering Wall Street to embrace a…

In January SEC filings, investment firm BlackRock indicated it could add Bitcoin futures to its funds down the road. Turns it, it already has. In new SEC filings from today, the BlackRock Global Allocation Fund indicated that it held 37 futures contracts from the Chicago Mercantile Exchange worth nearly $360,458. The amount represented 0.0014%…