Institutional investors in the developed world have climbed on to the bitcoin bandwagon. Many large hedge funds and mutual funds now bet on it
The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said
The digital currency is a trading ground for a motley crew of retail players, speculative pros and exotic quants, while traditional investors have hitherto stayed on the sidelines.
Smaller coins ethereum and XRP, which often move in tandem with bitcoin, fell 7.3% and 8.8%, respectively.
Bitcoin has gained more than 170% this year
The Geneva-based Libra Association that will issue and govern Libra reportedly plans to launch a single digital coin backed by the dollar
India's share of person-to-person virtual-currency trading in Asia has surged to 33%, the same as in China
"Honestly I've had more luck in Vegas than I've had with cryptocurrencies," said one of the investor
Bitcoin has gained nearly 40% in November alone
It's a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold
With bitcoin surging to the cusp of its 2017 all-time high, backers are hoping fewer frenzied retail investors means less chance of a crash this time around
Breaches $13,000, experts feel this will bolster acceptance of crypto in India
PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement
Estes, 52, runs Off The Chain Capital LLC, a nearly $40 million fund that specializes in buying digital assets from people strapped for cash due to divorce, loss of income or unforeseen circumstances
The federal government will encourage blockchain, the technology underlying cryptocurrencies, but is not keen on cryptocurrency trading
The account is linked to Modi's personal website narendramodi.in and has around 2.5 million followers since it was created in May 2011
Twitter said it was aware of the activity and has taken steps to secure the compromised account
He comes in place of Justin Schmidt, a former cryptocurrency trader who was recurited by Goldman Sachs in 2019 when the nascent industry was booming with record prices
Reiterates the view that they should not be regarded as currency
Accounts of Joe Biden, Barack Obama, Kim Kardashian, Elon Musk, Jeff Bezos hijacked to solicit digital currency