Tag Archives: Wall Street

WALL ST. ANALYST LAUNCHES MISERY INDEX FOR BITCOIN ANALYSIS

The price of Bitcoin is largely driven by speculation, and as a result, it fluctuates wildly. This presents a problem to both old and new investors when deciding whether to buy the digital currency or not. While fundamental and technical analysis along with other methods of analyzing market behavior has been used to make informed decisions on Bitcoin investment, they are often inaccurate when predicting future events. Continue reading WALL ST. ANALYST LAUNCHES MISERY INDEX FOR BITCOIN ANALYSIS

Coinbase Engages SEC about Turning into a Regulated Brokerage

The San Francisco-based cryptocurrency exchange is reportedly in talks with the US Securities and Exchange Commission (SEC) about becoming a regulated brokerage firm and trading platform. According to The Wall Street Journal, Coinbase reached out to regulators about the getting licensed even as the SEC moves closer to crafting some regulatory framework by which exchanges and other market players would operate. Continue reading Coinbase Engages SEC about Turning into a Regulated Brokerage

Wall Street Banker Quits to Advise ICO

Brian Wirtz must have been a fish out of water at Credit Suisse Group AG. The investment banker for the bank’s tech, media and telecom group was more interested in evangelizing cryptocurrencies than he was traditional deals, and most likely that made him the odd man out at a firm as traditional as Credit Suisse. Continue reading Wall Street Banker Quits to Advise ICO

Winklevoss Twins Lay Into “Privileged Minority” Cryptocurrency Critics

While speaking to CNBC at the Milken Institute’s MENA Summit in Abu Dhabi, Cameron and Tyler Winklevoss, better known as the Winklevoss twins, took a dig at the older generation of the financial community who mostly criticizes cryptocurrencies, stating that they don’t understand the future of money. The Winklevoss twins were asked to respond to criticism leveled by Wall Street personalities, including legendary investor Warren Buffett, who stated bitcoin was a “real bubble,” and JP Morgan’s CEO Jamie Dimon, who claimed the flagship cryptocurrency was a “fraud.” The twins had previously addressed Dimon’s comments. As reported by CCN, they dared the CEO to short bitcoin, since he believed the market was going to fail in the long run. DImon has since revealed he regrets his bitcoin ‘fraud’ remark, although he remains uninterested in the cryptocurrency.

Reference: https://www.ccn.com/privileged-minority-winklevoss-twins-strike-older-cryptocurrency-critics/