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Donald Trump's Second Impeachment Trial, Explained


Today, the U.S. Senate will begin the impeachment trial to determine whether former President Donald Trump is guilty of inciting an insurrection. This is the second time he has been impeached, the first time ever for a U.S. president. In 2019, he was impeached on two counts of abuse of power...

Paypal Launches Business Unit Dedicated To Cryptocurrency


Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money...

JP Morgan Gives 3 Reasons to Add Bitcoin to Investment Portfolios


JP Morgan has outlined three key reasons why investors should add bitcoin to their investment portfolios. Small allocations to cryptocurrencies would “improve portfolio efficiency due to high returns and moderate correlations,” JPMorgan’s analyst explained. JP Morgan Sees Benefits...

Colombian Financial Watchdog Says Local Firms Can Use Capital to Buy Bitcoin


The Superintendency of Corporations in Colombia has explained in an official note that companies in the country are legally allowed to buy cryptocurrencies, specifically bitcoin (BTC), to inject capital as long as they abide by local regulations. Colombian Watchdog: Local Firms Can Use Capital...

JPMorgan Warns of Bitcoin Correction, Describing BTC as Overbought


JPMorgan’s analysts have warned about the odds of a bitcoin correction which would increase if the flows into Grayscale’s bitcoin trust slow significantly. The analysts indicated that bitcoin is “overbought.” JPMorgan Reveals Bitcoin’s Outlook The analysts at JPMorgan...

Mad Money’s Jim Cramer Buys Bitcoin, Reveals Strategy to Increase Holdings


Jim Cramer, the host of Mad Money and co-founder of The Street, has bought some bitcoin with the intention to keep increasing his holdings. He explained his purchase strategy and said there’s no reason not to wait for bitcoin’s price to come down again. Jim Cramer Bought Bitcoin...

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