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How Long Will the Market Downturn Last?


When will normality return? How long till global markets recover and bitcoin resumes the bull run it was teasing at before the coronavirus materialized? These are questions that all investors are pondering as the epidemic wreaks havok on gold, oil, stocks and – up until March 19 –...

With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30%


Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week...

Bitcoin Price Crash: Boom or Bane for Investors?


Bitcoin stagnates itself around $5,500 price zone and exhibits a gain of over 11% over the past 24 hours after an epic fall at $3,800. Yesterday happened to be a “black day” in crypto because the market drowned to an unimaginable number as Friday, the 13th seemed to prove its magic. Well, it...

Investors Sue Bitcoin Mining Giant Canaan; Shares Crashed 48% in 3 Months


A securities class action lawsuit has already been filed against the second-largest producer of Bitcoin (BTC) mining equipment, China-based Canaan (CAN). Meanwhile, the price of its shares dropped by almost 50% since the trading begun in November. In their press release, investor rights law firm...

How Ponzi Schemes Are Using Cryptocurrencies to Dupe Investors


A Ponzi scheme can be classified as a kind of fraudulent investment scheme wherein investors are promised an exceptionally large return on their investment. The organizers promise a high return and that too, without any significant risk attached to the investment. As one can easily make out,...

Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List


On Wednesday, the “Hurun Global Rich List,” a ranking of the wealthiest individuals, published its 2020 report that notes the world saw 346 new billionaires last year. This year’s list also includes six blockchain entrepreneurs who made the Hurun Global Rich List through...

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