Bitcoin and blockchain technology have taken off as they gain more mainstream acceptance, from exchange operators like CME (CME) and CBOE (CBOE) to Wall Street investment banks and mobile payment company Square (SQ). Other cryptocurrencies are also trying to become viable alternatives to traditional, government-issued money.

But prices have been volatile recently, and new currencies keep appearing, leaving individual investors wondering where they are headed next. Meanwhile, top banks like JPMorgan Chase (JPM) are evaluating blockchain as a cheaper way to settle transactions.

The rise of blockchain technology may also threaten the dominance of FANG stocks — Facebook (FB), (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL).

Oppenheimer analyst Tim Horan says, “”We believe that blockchain technology will be as important as the internet was to economic and social change in the past 25 years. With blockchain, the community of users owns and pays for the servers instead of having a centralized organization like the FANGs, driving better innovation.” In response to this emerging revolution, Facebook launched its own blockchain division.

Bitcoin And Cryptocurrency News

GBTC Stock A Good Buy? Bitcoin Stock Play Stutters Along With CryptocurrencyBitcoin, like the stock market itself, had been rallying after hitting lows during the coronavirus pandemic. But now GBTC stock has fallen sharply amid a Bitcoin price correction and a beatdown of… Read More
Bitcoin News: Actor Steven Seagal Fined by SEC For Touting Digital Token OfferingSteven Seagal may have starred in “Above the Law,” but it turns out he isn’t in real life. The 67-year-old Hollywood actor, who also appeared in “Under Siege,” became the latest celebrity… Read More
Here’s What Warren Buffett Said At Highly Awaited Meeting With Crypto AdvocateCryptocurrency investor Justin Sun finally dined with Berkshire Hathaway chief Warren Buffett, who’s famously skeptical about Bitcoin. Berkshire Hathaway stock rose in buy range. Last July, the 29-year-old Sun paid $4.57 million to have… Read More
Bitcoin’s 9,000,000% Rise This Decade Leaves The Skeptics AghastIf in the throes of this bull market’s earliest stages of recovery someone told you to forgo stocks, forget commodities, renounce fixed-income assets and buy an unknown digital token, the first of… Read More
Bitcoin Matches Record Losing Run In Fall To Six-Month LowBitcoin sank more than 10% to the lowest level in six months, extending last week’s slide past the weekend on concerns about a crackdown on cryptocurrency operations by China. The digital currency… Read More
This Cryptocurrency Could Be The Next Social Networking KingCash may be king, but digital money fans aim to overthrow it. Stablecoin, a type of cryptocurrency linked to real assets, is gaining powerful backers in technology and finance who hope to seize… Read More
Lone Bitcoin Whale Likely Fueled 2017 Price Surge, Study SaysA Texas academic created a stir last year by alleging that Bitcoin’s astronomical surge in 2017 was probably triggered by manipulation. He’s now doubling down with a striking new claim: a single… Read More

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