43% of ‘Clueless’ Millennials Trust Crypto Exchanges Over Stock Market: Survey

Almost half of millennial bitcoin traders in the US trust crypto exchanges more than the traditional stock market, according to a survey by cryptocurrency trading platform eToro. A nationwide survey of 1,000 online traders indicates that 43% of millennials trust crypto exchanges more than the US stock exchanges. In contrast, a whopping 77% of Generation X traders who participated in the survey trust stock exchanges more. Crypto’s Generational Divide Guy Hirsch, the managing director of eToro US, says the research spotlights the schism between the younger generation’s embrace of crypto versus the…

Read More

This AI Tracked Unusual Market Behavior Before Today’s Big Crypto Drop

Earlier today, news spread that Goldman Sachs was sidelining plans of opening its cryptocurrency trading desk, a report coinciding with a market that took a sharp downward turn. The other day, market analysts saw someone take a 10,000 BTC short position while overall market sentiment has been positive. Top analysts have been questioning why someone The post This AI Tracked Unusual Market Behavior Before Today’s Big Crypto Drop appeared first on CCN

Read More

We’ll Study Bitcoin ‘Very Closely’: Philippine Central Bank

The post We’ll Study Bitcoin ‘Very Closely’: Philippine Central Bank appeared first on CCN A senior official from the Philippine central bank has urged caution among retail investors of bitcoin despite the bank’s generally accepting stance on cryptocurrencies. A year ago, bitcoin price struck $1,000 on January 1, 2017, and went on a meteoric rise to scale an all-time high near $20,000 in December due to wider acceptance and The post We’ll Study Bitcoin ‘Very Closely’: Philippine Central Bank appeared first on CCN

Read More