A total of $7 trillion is now fully sidelined as a group of investors refuse to pour their cash into risk assets, according to a new report. New figures show the amount of capital sitting on the sidelines in money market funds is at a fresh record high, reports Reuters. Money market funds allow people […]
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A staggering $5 billion in lost and forgotten cash and assets are waiting to be claimed in one US state, according to a new report. The Illinois Treasury Department says residents are sitting on a serious pile of unclaimed assets, reports the Chicago Sun-Times. The assets are typically located in neglected bank accounts and safe […]
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Billionaire hedge fund manager Bill Ackman is making major changes to Pershing Square Capital Management’s portfolio. Pershing Square just purchased 25.9 million shares of the alternative asset management firm Brookfield Corporation, reports The Motley Fool. That represents an increase in the Pershing’s Brookfield stake by about 378%. The move makes Brookfield one of the largest […]
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Continued market momentum will be driven by “regulatory relief,” one of the most important things expected from the new US administration, said ARK Invest’s Cathie Wood.
Bitcoin may have recently hit a new all-time high above $90,000, but ARK Invest’s Cathie Wood says it still has a “long way to go.”
She pointed out that Ark was the first public asset manager to gain exposure to Bitcoin in 2015 at $250, “and we still at $90,000 think we have a long way to go,” she said in an interview on CNBC’s Squawk Box on Nov. 15.
Wood said the continued momentum would be driven by “regulatory relief,” one of the most important things expected from the new United States administration.
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it […]
The U.S. Securities and Exchange Commission (SEC) has charged Cumberland DRW LLC, a Chicago-based firm, for operating as an unregistered dealer in over $2 billion of crypto assets classified as securities. The SEC claims that Cumberland violated federal securities laws by failing to register, raising concerns over investor protection. The charges seek injunctive relief and […]
The Japanese investment firm has scooped up more than 200 Bitcoin so far this month.
Japanese investment company Metaplanet made another Bitcoin purchase, bringing its stash to almost 640 Bitcoin and sending its stock surging more than 10%.
On Oct. 7, Metaplanet announced its latest Bitcoin purchase after the Tokyo-listed firm scooped up another 108.78 Bitcoin (BTC), worth about $6.92 million at its current price of around $63,600.
Metaplanet, which has been dubbed “Asia’s MicroStrategy” after the American BTC-buying firm, has been aggressively acquiring BTC and amassed more than 215 BTC over the week, following a 107.91 BTC purchase on Oct. 1.
The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind. Through digital forensics, authorities cracked the suspect’s crypto accounts. With previous operations yielding millions in seized assets, the ongoing investigation […]
Bitcoin is currently exactly where it was in the last two cycles, said NYDIG's research head Greg Cipolaro, who said crypto could be in for a big Q4.
Bitcoin remains the best-performing asset so far this year, even after a “seasonally weak” third quarter, according to the New York Digital Investment Group (NYDIG).
Bitcoin (BTC) gained just 2.5% over Q3, bouncing back after falling in the second quarter but hamstrung by large sales, said NYDIG’s research head Greg Cipolaro in an Oct. 4 note.
“Bitcoin is still the best-performing asset class in 2024, but its lead has narrowed,” Cipolaro said. He noted the cryptocurrency has seen a year-to-date gain of 49.2%.
Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies like currency hedging and diversifying into other currencies and assets like […]