Stefan Coolican, chief financial officer for investment firm Ether Capital, says dumps and recoveries are just part of the crypto market.
Ether’s price has tripled thus far in 2021, in part thanks to trader enthusiasm over growth in decentralized finance , by comparison, is up 89% this year.
“It’s just more people understanding the value of Ethereum and the token accrual model with proof-of-stake and EIP 1559,” Coolican told CoinDesk.
Wave Financial’s Kogan says interest in DOGE waxes and wanes at its own rhythm.
Anatoly Crachilov, co-founder and CEO of Nickel Digital Asset Management, which manages assets worth $200 million, told the Reuters Global Markets Forum that regulatory uncertainty was a drag on the development of the crypto space.
Firms in Japan, which was an early leader in Bitcoin acceptance, have been slow to join this trend.Nexon said it intended to guard itself against a potential drop in the value of non-digital currencies in case of inflation, with Mahoney seeing Bitcoin as a “form of cash likely to retain its value, even if it is not yet widely-recognized as such.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Bitcoin Has Become Mainstream – but Is Its Utility Future-Proof? After reaching a $1 trillion market cap and becoming integrated into the world’s payment processing flows such as PayPal and Square’s CashApp, it’s safe to say that Bitcoin has broken many barriers.
Users of the card will from this summer receive up to 3% in bitcoin or other cryptocurrencies on their purchases, the companies said in a statement, with the digital currency deposited in the cardholder’s Gemini account.
Ilker Bas, its chief executive officer, and three other employees were formally arrested on Monday, state-run Anadolu news agency reported.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
AMC Entertainment offered a preview of its quarterly earnings Tuesday, anticipating revenue for the three months ended in March of $148 million, way down from $941.5 million the year before as the box office struggled to revive amid the global pandemic.