Bank of Russia to ban mutual funds from investing in Bitcoin

[ad_1] The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC). On Dec. 13, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment funds. Despite expanding the number of assets available for investment by mutual funds, the document prohibits fund managers from buying cryptocurrencies as well as “financial instruments whose value depends on prices of digital assets.” The statement emphasizes that mutual funds are not allowed to provide crypto exposure…

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Binance Investment Director Ken Li Talks About Investing in Web3, Gaming and More Exciting Trends – Interview Bitcoin News

[ad_1] Binance Labs is a chain-agnostic investor and incubator focused on supporting the global blockchain ecosystem and decentralized web. Their portfolio includes 1inch, Audius, Axie Infinity, Chiliz, Elrond, Injective, Matic / Polygon, Sandbox and Terra. Ken Li is an Investment Director at Binance Labs, with a focus on equity & token investments in Web3 social, gaming & crypto adoption platforms. He recently joined the Bitcoin.com News Podcast to talk about the market: Ken also helps lead the Binance incubation program. Prior to Binance, Ken led blockchain investment & incubation strategy…

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‘I Have Zero Interest in Investing in Litigation Against SEC’ – Regulation Bitcoin News

[ad_1] Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). “That is a very bad idea,” he said. Discussing the SEC lawsuit against Ripple over XRP, he emphasized: “I have no interest in being a crypto cowboy … I have to be compliant.” Kevin O’Leary Says He Must Not Upset Regulators Shark Tank star Kevin O’Leary, the chairman of O’shares ETF, talked about cryptocurrency, bitcoin, XRP, Ripple’s lawsuit, and crypto regulation in…

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JPMorgan CEO Jamie Dimon Warns People to Be Careful When Investing in Crypto Citing ‘No Intrinsic Value’ – News Bitcoin News

[ad_1] The CEO of global investment bank JPMorgan has warned investors about investing in cryptocurrency. “Cryptocurrency has no intrinsic value. You are basically buying a token,” he said. “I would be very careful.” JPMorgan Boss Jamie Dimon Warns About Investing in Crypto JPMorgan Chase and Co’s (JPM.N) chief executive officer, Jamie Dimon, shared his thoughts on the U.S. economy, inflation, China, and cryptocurrency in an interview with CBS Boston, published Wednesday. He was asked whether young people should invest in crypto in reference to several commercials encouraging investors to put…

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Tim Draper’s ‘odd’ rules for investing in success – Cointelegraph Magazine

[ad_1] It’s true, Tim Draper has picked losers. He tells me this even before I ask him. The VC legend who backed Hotmail, Tesla, SpaceX, Coinbase, Ledger and many other successful companies readily coughs up that he has invested in lemons. Some, he says, have totally gone out of business, but others just didn’t give him the money back. “By the same token, there are winners that make us a couple of times on the money and then some that give 1000x the investment,” he tells Magazine during a rare…

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Young crypto YouTuber says slow and steady investing is path to riches

[ad_1] When Nicholas Merten saw a video explaining Bitcoin in November 2011, he brushed it off, later lamenting that “I unfortunately did not do the right thing.” It’s hard to blame him, after all, he was only 13.  Now 23, he runs DataDash, a YouTube channel with over 470,000 subscribers, making it among the largest focused on the cryptocurrency industry. There, he shares tips about trading and makes thoughtful, balanced, and interesting commentary on various relevant topics along with occasional speculation. What is notable about his channel is that it…

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Institutions Investing In Bitcoin Isn’t About Money

[ad_1] Bitcoin is now a $1 trillion asset. It is more valuable than Tesla and Facebook, And as of now, only six companies have higher market capitalizations than Bitcoin. However, I am not interested in talking about Bitcoin’s “mad gains.” I want to talk about the dominating narrative behind Bitcoin in late 2020 and so far in 2021: increased institutional investment. Before I do, here is a small primer. What exactly is Bitcoin? Well, according to Lily, a 3-year-old who is also a bitcoin HODLer, “Bitcoin is digital money.” I…

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Can crypto trading and investing be taught in just one book?

[ad_1] Cryptocurrency books aimed at novice users or non-users tend to follow a very similar pattern. Almost all start with an obligatory “history of money” and explain why fiat is, let’s say, “flawed,” — to be polite. Then Bitcoin (BTC) in introduced, wielding a fistful of shiny new tech that can address some of these issues. The books go into mining, wallets, exchanges, Ethereum and smart contracts, altcoins and decentralized finance — also known as DeFi. Once the authors are sure that the reader is sold on the idea of…

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The Macro Case For Investing In Bitcoin

[ad_1] Note: This article does not constitute financial advice. Like many, when I first heard of bitcoin, my reaction was “Why would anyone invest real cash in magic internet money?” It was worth zero — backed by nothing. And, like a fool, I was keen to point this out to anyone who would listen. But still, I was curious what the buzz was about, so I continued to keep an eye on it until, in 2015, I had a mental breakthrough. I was listening to a podcast when Wences Casares…

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