Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have emerged as a few of the top performers on Monday. The technical outlook and derivatives data hint at a fresh uptrend amid increased traders’ interest.
cryptocurrencies
Trump wants your 401(k) to access crypto and private equity. Here’s what to know.
President Trump says he wants to democratize retirement by allowing 401(k)s to invest in so-called alternative investments, or strategies outside stocks and other traditional investments, such as private equity and cryptocurrencies.
India Complete Ban on Investment in Cryptocurrencies
The prospect of a fresh ban on cryptocurrencies in India has sent an army of crypto investors scrambling to think of ways to protect or liquidate their holdings. This, as the government appears to be in final stages of bringing in a new legislation governing Bitcoin and other such tokens in India. Is investing in Bitcoin illegal in India?
A hedge against crypto volatility?
Gold Silver Reports (GSR) – Banks and other Reserve Bank of India-regulated entities stopped servicing cryptocurrency exchanges last month, as per an RBI directive. But within a day or two, at least two cryptocurrency exchanges in India took the peer-to-peer trading route to enable crypto-rupee trading. Read here. P2P transactions, however, do not hedge you against price fluctuations, which can be significant in crypto markets, even in a short span.
Gold Market Could be Using the Technology Behind Cryptocurrencies
Gold Silver Reports (GSR) – Gold Market Could be Using the Technology Behind Cryptocurrencies — The London Bullion Market Association last week closed an invitation for submissions of ideas for how to track the metal as it’s dug out of remote mines, traded by middlemen and sold on to buyers scattered around the world. While the LBMA didn’t stipulate what form the system would take, most of the 25 respondents incorporated distributed-ledger technology in their proposals.
North Korean Hackers Hijack Computers to Mine Cryptocurrencies
Gold Silver Reports – ✅ North Korean Hackers Hijack Computers to Mine Cryptocurrencies – North Korean hackers are hijacking computers to mine cryptocurrencies as the regime in Pyongyang widens its hunt for cash under tougher international sanctions.
‘Buy Bitcoin’ Overtakes ‘Buy Gold’ as Online Search Phrase
Gold Silver Reports – Buy bitcoin to the list of things denting gold’s appeal. — Bullion’s rally faltered in the past two months as the dollar strengthened and global equities set new records, while concerns over Brexit and Catalonia’s push for independence failed to drum up notable haven demand. Now, bitcoin’s surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said.