CNBC host Jim Cramer says he’s “won,” cashing out half of his Bitcoin portfolio to pay off his mortgage, stating that it’s “phoney money paying for real money.”

Business TV personality and converted Bitcoin proponent Jim Cramer has sold half of what he calls his “phoney money” Bitcoin portfolio to pay off his mortgage.

During Thursday’s broadcast of “Squawk on the Street,” co-anchor Jim Cramer revealed that he’s “decided to become an apostate,” by selling off half of his Bitcoin holdings to pay off his home. 

Cramer, who also hosts Mad Money, said ... Read more »

Category: News | Views: 266 | Added by: 4zvezda | Date: 16.04.2021 | Comments (0)

(Kitco News) - Bitcoin-U.S. dollar prices are lower in early U.S. trading Friday and seeing a normal downside correction after prices hit a record high earlier this week. The bulls still have the strong overall technical advantage to suggest more new highs are coming. A price uptrend is firmly in place on the daily bar chart. Remember traders, "the trend is your friend." Stay tuned!

Sourse: kitco.com

... Read more »

Category: News | Views: 129 | Added by: danyagames2007 | Date: 16.04.2021 | Comments (0)

Tesla has already made more than $1 billion (£727 million) from the bitcoin investment it made in January, thanks to the cryptocurrency nearly doubling in price over the last 10 weeks.

The electric car maker used $1.5bn of its cash reserves to buy an estimated 48,000 bitcoins earlier this year, when the cryptocurrency was trading between $30,000 and $40,000.

When bitcoin hit a new all-time high of $64,863 this week, Tesla’s bitcoin holdings were briefly worth more than $3bn, though this has since retreated as the asset’s price dropped slightly. At the time of writing, bitcoin was trading at around $61,700.

Sourse: independent.co.uk

... Read more »

Category: News | Views: 186 | Added by: danyagames2007 | Date: 16.04.2021 | Comments (0)

Earle Loxton, the cofounder of EC10 (formerly DCX Capital) the institution behind the South African crypto index fund, says plans are afoot to launch the country’s first exchange-traded fund (ETF). The ETF is expected to offer South African institutional investors an indirect way of getting exposure to bitcoin.

According to Loxton, an application for this ETF will soon be lodged with the Johannesburg Stock Exchange (JSE). However, Loxton also reveals in a podcast that before proceeding with the application, EC10 alongside Easy Equities will initially prioritize finding a suitable custodian for its crypto assets. Loxton explained:

To get to the level where we will be compliant with the req ... Read more »

Category: News | Views: 264 | Added by: 4zvezda | Date: 16.04.2021 | Comments (0)

In legislation published in the Official Gazette on Friday, the central bank said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly or indirectly, as an instrument of payment.

Turkey’s growing crypto market has gained momentum in recent months as investors joined a global rally in bitcoin, seeking to hedge against lira depreciation and inflation, which topped 16% last month.

Bitcoin was off nearly 3% at $61,490 versus the dollar at 0754 GMT after the Turkish ban, which was criticised by the main opposition party.

In a statement, the central bank said crypto assets were “neither subject to any regulation and supervision mechanisms nor a centra ... Read more »

Category: News | Views: 303 | Added by: danyagames2007 | Date: 16.04.2021 | Comments (0)

How many gallons of jet fuel does it take to send GameStop, Bitcoin and Dogecoin to the moon?

Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more.

The CEO and “Technoking” of Tesla was accused of pouring “jet fuel” on the GameStop short-squeeze at a critical moment by hedge fund manager David Einhorn, founder of Greenlight Capital, in a letter to investors published Thursday.

Einhorn said Elon Musk and venture capitalist Chamath Palihapitiya ... Read more »

Category: News | Views: 285 | Added by: 4zvezda | Date: 16.04.2021 | Comments (0)

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