bitcoin

China is at it again, this time announcing grand plans to become the world’s first country to launch its own digital currency. But the thing is, China is not the first. To date, Ecuador, Senegal, Singapore and Tunisia have already issued their own cryptocurrencies. Estonia, Japan, Palestine, Russia and Sweden are next on the launchpad,…

Market volatility up as ASX finishes flat, Zip Co jumps 17%, Cleanaway’s new deal The ASX200 (ASX:XJO) finished flat for the day with gains in the IT sector, which was 2.2% higher, insufficient to offset weakness across cyclical businesses including energy, -0.7%, and utilities, -1.1%. The standout by far was Buy Now Pay Later firm Zip Co (ASX:Z1P) which…

Listed fintech RAIZ Invest (ASX: RZI) this week announced they had ‘established the process to allow SMSFs to invest’ in their diverse range of ETF model and Custom Portfolios. The announcement flags an acceleration of the $665 million platforms growth strategy as it continues to disrupt the Australian investment landscape. RAIZ has traditionally focused on…

Following on from our article “2021’s David vs Goliath battle,” the Reddit WallStreetBets army appears to be losing steam. Last week, they appeared to target Dogecoin, Silver, and now onto Bitcoin. Following the short-squeezing pump-and-dump of GameStop, it appears the army have moved into the crypto market, which is far less regulated than the stock…

Since publishing our last article on Bitcoin madness (12th January), where Bitcoin ‘experts’ lobbed astronomical predictions of around $170k to $318k by the end of 2022, it looks like Bitcoin has disappointed in the short-term. The digital currency went on a mammoth bull run hitting A$52,000 around mid-January, up from $11,622 from the same time…

Micro-investment platform Raiz Invest (ASX: RZI) capped off a stellar year by announcing the launch of its Custom Portfolio product this week. The option joins the seven existing automated investment portfolios that have seen one of Australia’s first FinTechs grow to over $600 million in assets under management. In a personal letter to shareholders and…

Bitcoin is back. The first digital currency, introduced back in 2009, has once again gone on a mammoth bull run and reignited debate over its value. The price of Bitcoin hit all-time highs in 2020 reaching A$50,177, ending the year by doubling in less than a month. Its price is up by more than 330%…

Blistering start slows, ASX down 0.9%, bond rates higher, Bitcoin falls 20% After a blistering opening to the year in which the ASX200 (ASX:XJO) added 2.6%, attention once again turned to the economic outlook, sending the ASX200 down 0.9% on Monday. Every sector but energy weakened, with the IT sector the hardest hit falling 2.2%, Afterpay (ASX:APT) a key detractor down…

It has been an incredibly busy few months for Bitcoin and cryptocurrencies in general, with news this week that fund manager Pendal Ltd (ASX: PDL) had established positions in the currency. This follows a number of high-profile hedge fund managers including Stanley Druckenmiller and Paul Tudor Jones confessing their own allocations. Given the currency is…

Like most assets, bitcoin cruised into the new year in 2020, racking up a 44% rise until mid-February. Then, like the stock market, BTC took fright at the extent of the global disaster that Covid-19 rapidly proved to become. But while the S&P 500 index plunged by 33.7% before a floor was (at least temporarily)…