Investing


Finance

The Three Types of Crypto Investors

Advisors should know the different types of clients they’ll encounter who might want to invest in crypto and understand their particular goals and needs.

(Jack Carter/Unsplash)

Markets

Bitcoin Drops 5%, Slipping Below $50K on Leverage Washouts

Some $187 million of crypto trading positions were liquidated over the past 24 hours.

24-hour Bitcoin Chart (Messari)

Markets

Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption

While CME Group’s bitcoin futures contracts initially lured in Wall Street firms, Goldman’s head of crypto trading says options are “more versatile.”

Goldman Sachs to Offer Bitcoin to Wealth Management Clients

Tech

An Advisor’s Guide to Popular Crypto Wallets

There will come a time when your clients will ask you about crypto investing. Be prepared to talk to them about crypto wallets.

(Old Money/Unsplash)

Markets

Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’

Federal Reserve Chair Jerome Powell’s turnabout suggests the U.S. central bank might move more quickly to tighten monetary policy – potentially a negative for speculative assets including bitcoin.

Federal Reserve Chair Jerome Powell testifies Tuesday before the U.S. Senate Banking Committee. (C-Span)

Finance

French Fintech Lydia Taps Bitpanda to Let 5.5M Users Trade Crypto

Users of French payments app Lydia will now be able to trade over 170 crypto assets.

Los cofundadores de Bitpanda, de izquierda a derecha: Christian Trummer, Paul Klanschek y Eric Demuth.

Markets

Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela

As they have in the Philippines, some players are making enough money to feed their families.

Bolívar Avenue in Maturín, the city in Venezuela where Axie player Juan Tirado lives. (Cesar Pérez via Wikipedia)

Markets

Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)

Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.

El Salvador President Nayib Bukele announces new "bitcoin bonds" at an event on Saturday. (Samson Mow via Twitter)