X

Is Crypto Dead? - By Shelly Palmer

bitcoin-chart2 By Shelly Palmer

For crypto speculators, newbies, and “get rich quick” thrillseekers, last week was tough. The Chinese government re-signaled its displeasure with bitcoin and all things crypto, the IRS announced it is going to do what it can to tax every possible crypto transaction, and Elon tweeted, scaring the hell out of people who pay attention to him. Panic ensued. 

When it was over, Wednesday’s crypto crash vaporized about $1 trillion of market value.

The currency may be virtual, but for those who sold at a loss, the losses were real. And while the market came back a bit after the crash, this rollercoaster ride is getting even more extreme. 

This is why it is no surprise that so many well-respected business people and financial experts chose this past week to declare that crypto is “valueless,” or “nutso,” or “dead.” But think about this…

Continue reading
  152 Hits
  0 Comments
152 Hits
0 Comments

Building Your Real Estate Empire

Three Yellow and Red Tower Cranes Under Clear Blue Sky

 

 

 

Building Your Real Estate Empire

Continue reading
  128 Hits
  0 Comments
128 Hits
0 Comments

Cryptocurrencies Bitcoin’s Biggest Plunge Since March Shakes Faith in Crypto Boom

Bitcoin_Plunge Bloomberg - By Eric Lam and Olivia Raimonde
A steep selloff in Bitcoin is fueling concern that the cryptocurrency bubble may be about to burst. Bitcoin slid as much as 26% over Sunday and Monday in the biggest two-day slide since March. After dropping as much as 20% during New York trading hours on Monday, the price continued to fluctuate wildly. Bitcoin has wiped out about $185 billion in v...
Continue reading
  394 Hits
  0 Comments
394 Hits
0 Comments

PayPal allows Bitcoin and crypto spending

Paypal_Accepts_Bitcoin
PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts. Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal, it said. PayPal plans to roll out buying options in the US over the next few ...
Continue reading
  165 Hits
  0 Comments
165 Hits
0 Comments

How bitcoin powered the largest Nigerian protests in a generation

Afrika_Bitcoin_ By Yomi Kazeem Africa reporter
 After initially existing mainly as a recurring hashtag on social media, #EndSARS—a campaign against police brutality in Nigeria—evolved into mass protests which drew thousands of Nigerians across in several locations across the country this month. With the protests growing organically and quickly across cities all over the country, the need f...
Continue reading
  153 Hits
  0 Comments
153 Hits
0 Comments

By accepting you will be accessing a service provided by a third-party external to https://caribbeanfinancialnetwork.com/