Bitcoin, S&P500, Treasury Notes: Which Made the Highest Profit in 5 Years

James Todaro, managing partner of Blocktown Capital has recently compared Blockfi’s 5 year Bitcoin interest payments and compared them to the returns of the S&P500 and US treasury notes over the same period. James Todaro sees interest-bearing crypto savings accounts as a game changer James Todaro founding partner of Blocktown Capital and co-founder of MedX protocol just made waves on Twitter by highlighting the returns on a Blockfi 5 year Bitcoin investment of $10,000 USD at 5.1% apy.  Blockfi is one of the leading crypto-lending startups in the US, and…

Crypto Market is a “Giant Garbage Dumpster”: Minneapolis Fed President

The crypto bashing encyclopedia now has a new soundbite addition, this time from Minneapolis Federal Reserve President Neel Kashkari calling cryptos a “giant garbage dumpster.” I Won’t Gift My 1-Year-Old Daughter Bitcoin Speaking at the Montana Eco 2020 event in Montana on Tuesday (February 11, 2020), Kashkari argued against the entire utility proposition of cryptos. Even as an investment asset, the Minneapolis Fed President said he wouldn’t gift his 1-year-old daughter bitcoin, opting instead for Treasury bonds. According to Kashkari, cryptos are a giant garbage dumpster with the U.S. dollar…

Pro-Bitcoin Candidate Andrew Yang is Officially Out of the Race

Something of a sad moment for the cryptocurrency space as its official pro-bitcoin candidate Andrew Yang withdraws from the presidential race. Andrew Yang ‘The Numbers Guy’ Didn’t Like His Odds Bitcoinist has previously reported on the pro-bitcoin Democratic presidential candidate Andrew Yang. Beyond his unique proposal to provide all Americans with a $1,000 per month universal base income, he was the only candidate to include cryptocurrencies as a priority on his agenda. However, last night at a disastrous New Hampshire primary, in which he garnered just 2.8% of the vote…

Global Crypto Market Cap Breaks $300B For First Time Since August

The crypto markets have gone through a clear revival in the past six months, breaking above $300B in overall market capitalization for the first time in over 6 months. Crypto Markets Show Renewed Optimism Both Bitcoin (BTC) and altcoins moved up from bottoming out in December, and the markets seem to be on the path of recovery. Led by BTC, almost all assets are breaking out of their lows. Previously losing altcoins actually achieved robust returns on a year-long time scale. On Wednesday, after the latest BTC hike above $10,000,…

Crypto Crime Losses Jumped 160% to $4.5B in 2019, CipherTrace Says

While the total loss from crypto-related hacking attacks dropped last year, the total losses from cryptocurrency crime jumped to $4.52 billion, from $1.74 billion recorded in 2018. These findings were shared in a report carried out by blockchain forensics firm CipherTrace. Insider Theft Increased Five Times, CipherTrace Says In its latest cryptocurrency anti-money laundering report for Q4 2019, CipherTrace presented the highlights for the whole year. The authors said that the total amount of crypto-related thefts and frauds surged by almost 160% to a staggering $4.5 billion. This includes $370.7…