Inflation also contributed to the 2022 underwriting loss. Premiums written increased 1.9% to $39.1B from $38.4B in 2021, reflecting increases in average premiums per auto policy due to rate increases, which were substantially offset by a decline in policies-in-force, the company said. …Read the full story
In reality, Bitcoin has failed to deliver on hardly any of its supposed goals/benefits, faces more competitors than ever, and lacks any intrinsic value to back up its worth. Bitcoin being an untethered, unbacked, digital currency means it is traded as a purely speculative investment vehicle and changes based on sentiment alone rather than any […]
There’s never a dull moment in the world of crypto with the past few months’ events underscoring just how volatile the industry is. Terra is a trustless, programmable blockchain ecommerce platform that offers fiat-pegged stable coins to provide more stability when conducting cross-border payments. The shockwave of the collapse set off a chain reaction in […]
While equities are attempting to pare some of the big losses they saw on Monday, the cryptosphere is still in the gutter, with Bitcoin , the third largest stablecoin by market cap, lost its peg to the U.S. The skeptics: While crashes have hit Bitcoin getting even more devalued than real-world currencies in a time […]
Treasury Undersecretary for Domestic Finance Nellie Liang in mid-February dived deeper into the risks and benefits of stablecoins, highlighting that they are not really backed dollar-for-dollar. In other crypto-related news, Argentina’s central bank had prohibited banks from offering digital assets services, according to a statement dated May 5. …Read the full story
The big swings in equities are being echoed in crypto markets as volatility sends risk assets into a tailspin. …Read the full story
Over the past 24 hours, the world’s largest digital coin by market cap is sliding nearly 10% to $35.8K at the time of writing. However, the overnight fall in the markets leading cryptocurrency provides another reminder that Bitcoin is highly correlated to movements in U.S stock markets. …Read the full story
The “technical picture in BTC remains poor, in spite of a less hawkish Powell, BTC failed to regain 40,000, hence this pull back,” Teong Hng, chief executive of crypto investment firm Satori Research, told Bloomberg. On Fed day, May 4, “this was the greatest upside-day for the S&P 500 on a Fed rate hike day […]
We have demonstrated that our bitcoin can be productively used as collateral in capital raising transactions, which allows us to further execute against our business strategy,” said CEO Michael J. …Read the full story
For one, Miami Beach hosted the Bitcoin 2022 conference in April. Peter Thiel called Warren Buffett a “sociopathic grandpa from Omaha” during his speech, which surely gave financial news sites plenty of clicks in the days after. But behind the conspiracy theories and goofiness, there’s a fundamental promise, which is that each of the 7+ […]
Bitcoin’s use as a medium of exchange in El Salvador, the first-ever country to adopt the most popular cryptocurrency as legal tender, appears to be off to a rough start due to an overall lack of trust in bitcoin and the government’s BTC wallet dubbed Chivo, according to a recent survey by the U.S. And […]
According to technical analysis—particularly the Elliott Wave Theory—I believe Bitcoin is going to have a strong bull run over the next couple of months. The theory has been used with stocks and has been very useful in the crypto market, as cryptocurrency price predictions are completely derived from technical analysis. The low of roughly $33,000 […]
