Author: Umar Hashmi

Cryptocurrency

Bitcoin Going Below $50,000: 2017 Crypto Legend Arthur Hayes

Since Bitcoin has dropped below $58,000, prominent figure in the cryptocurrency space Arthur Hayes has made a daring prediction: he believes that Bitcoin will now fall below $50,000. The timing of this call indicates a very bearish short-term outlook, as it coincides with one of Hayes’ first open public announcements of his short position on Bitcoin. Hayes recently posted, saying Bitcoin is looking heavy, and he is aiming at the sub-$50,000 price level, opening a short and asking for prayers. This attitude is consistent with the market’s general bearishness, as institutional investors have been noticeably leaving the market, and the general pessimism…

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Stock Markets

Nasdaq seeks SEC approval for bitcoin index options

Aug 27 (Reuters) – Nasdaq (NDAQ.O), opens new tab is seeking the green light from regulators to launch and trade options on a bitcoin index, the exchange operator said on Tuesday. The U.S. Securities and Exchange commission has yet to approve options based on any of the individual exchange-traded funds tied to spot bitcoin prices that made their debut in January, including a Nasdaq application to trade options on BlackRock’s (BLK.N), opens new tab $21.3-billion iShares Bitcoin Trust ETF (IBIT.O). The proposed index options – listed derivatives offering a quick and inexpensive way to amplify exposure to bitcoin – on a bitcoin index would give institutional…

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Top Picks

High-yield savings account vs. Treasury bill: Which is right for you?

It was not too long ago that low-risk investments like Treasury bills were the underdogs of the financial world. While T-bills provide a safe place to store your savings while earning a fixed interest rate, they were simply not worth the low returns they offered — especially when compared to the flexibility of savings accounts. Then, in 2022, something unusual happened: Interest rates started increasing, and they just kept on shooting upward, until the rates on some T-bills, and even savings accounts, passed 5%. In 2024, anyone who wants to earn a competitive rate on their short-to-mid-term savings would be…

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