In the first three quarters of 2021, U.S. citizens lost approximately $3.5 million daily to various investment-related cyberattacks, according to data provided by Atlas VPN. The report notes that cybercriminals mostly leveraged the hype around cryptocurrencies, NFTs, and the metaverse to steal from unsuspecting citizens. Losses under this category amounted to $956 million, a 277.87% growth YoY. As previously reported by Finbold, blockchain hackers also stole over $1 billion worth of cryptocurrencies in the third quarter of 2021 alone....

In particular, the stock prices of Chinese electric vehicle companies, such as Nio Inc (NYSE: NIO) and Li Auto’s (NASDAQ: LI), plunged precipitously on Friday as the market came to a close, with the former falling by 11.19% and the latter plummeting 15.95%. Despite the short-term losses that appear to be affecting the majority of stocks on the market, stock trading investors remain bullish on the two electric vehicle companies, projecting more than 70 percent gains for each of the two firms over the next 12 months, despite the recent market volatility....

Namely, in a blog post on Thursday, June 23, TF International Securities analyst, Ming-Chi Kuo said that Apple will reveal its headset at the beginning of 2023. Describing some of the headset’s functionality, Kuo said that the headset would most likely offer an excellent immersive experience and a video ‘see-thru’ mode. Additionally, the analyst believes that the device will be the most complicated product the company has designed so far and will utilize the entire supply chain of Apple....

However, this field is still largely unregulated, and the lack of regulation (or consensus on it) hinders advancement in the wider adoption of the new asset class – according to some financial experts. One of them is Brian Moynihan, the CEO of Bank of America (NYSE: BAC), who explained his views on the matter to Yahoo Finance’s Brian Sozzi at the World Economic Forum in Davos, Switzerland, in an interview published on May 26....

Michael Hartnett, the chief investment strategist at the Bank of America (BofA), commented on the current decline of the macro-economic situation in a weekly research note to the organization’s clients, as Reuters reported on April 8. In the note, he warned that the deterioration could lead to a recession shock in the United States, as the Federal Reserve struggles to cool the four-decade high inflation by tightening its policies, and investors expect a 50 basis point hike in the key interest rate....

One of the banks that has taken its first steps in introducing digital asset-related services is German-based Commerzbank, which has announced its application for the country’s Federal Financial Supervisory Authority (BaFin) license for a crypto custody business. Specifically, Commerzbank’s representative said that the bank “applied for the crypto custody license in the first quarter of 2022,” as first reported by Börsen-Zeitung on April 14. Indeed, the authority grants the BaFin license to financial institutions that want to store digital currencies for clients and also to trade them....

After hitting an all-time high of over $66,000 this week, some cryptocurrency market observers wonder whether Bitcoin’s upward trajectory will be sustained with over $45 billion exiting the digital currency and trading volume declining by 20.84% as BTC’s price dropped by $2,700 in 24 hours. Currently, the flagship digital cryptocurrency is trading above $60,702, down 4.17% in the last 24 hours and 1.14% over the previous seven days, according to CoinMarketCap....

Speaking to Kitco News, Grosskopf suggested that Bitcoin needs to be considered as an inspiration for gold as it can offer investors a hedge against inflation. According to the CEO, the tremendous growth of Bitcoin highlights the untapped potential of gold, especially if the metal goes digital. He notes that technology to support digital gold has already been tested. However, he acknowledged that Bitcoin still has the upper hand based on the value of capital flow it attracts....

Over the last 30 days, the hash rate has increased 5.91% from 152.73 as of November 7th to 161.755 on December 5th, according to data provided by Blockchain.com. Additionally, between December 2nd and December 5th, the hash rate has surged 6.9% amid the high price volatility. The current hash rate figures contrast the previous correlation to Bitcoin price movement. Generally, the hash rate increases when Bitcoin’s value surges. The hash rate also tends to drop alongside the price based on historical analysis....

More than 1.78% has been added to the value of the flagship cryptocurrency in the previous week, and it is now valued at $42,735 on Monday, January 17, despite a minor decrease of 1.21% in the past 24 hours. Bitcoin did rise as high as $44,135 over the weekend but has since fallen back around the $43,000 range, with a market capitalization of $810 billion, according to CoinMarketCap data....

On Saturday the number one cryptocurrency surged above the 50-day moving average sustaining the rise on Sunday. By press time, the asset was trading at $34,296 having gained almost 2% over the last 24 hours. The latest price movement comes as a relief considering that early in the week, the cryptocurrency traded below the crucial $30,000 support level. The crypto recovered after plunging to $29,000 on Tuesday. According to Pankaj Balani, the CEO of crypto-derivatives exchange Delta Exchange, Bitcoin might face some resistance on the way to hitting $35,000....

The prediction from Nigel Green, the CEO and founder of deVere Group, comes as growing geopolitical uncertainty, including Brexit and the U.S. presidential election, and central banks’ historic money printing policies, amongst other issues, are prompting many investors to urgently rebalance their portfolios. He has commented that for thousands of years, gold has been the ultimate financial safe haven. Mr. Green has also expressed his belief that the precious metal will lose its crown as the most sought-after reserve asset to Bitcoin within a generation – particularly because the biggest-ever generational transfer of wealth – likely to be more than $60tn – from baby boomers to millennials is already underway....

Indeed, Bitcoin’s trading volume on crypto exchange Coinbase has hit an eight-year high representing the highest volume ever, data shared by investment research platform Game of Trades on November 15 indicates. Implication of Bitcoin’s soaring volume Notably, the spiking volume can be interpreted in different ways, considering Bitcoin’s price continues to be dominated by the bears. For instance, the metric can be viewed as a bear trap characterized by coordinated and controlled selling likely to create a temporary plunge in Bitcoin’s price....

Meanwhile, the investment management juggernaut BlackRock (NYSE: BLK) suggests that traders and investors avoid buying the dip and instead wait it out. According to Alex Brazier, the company’s deputy head, who spoke with Bloomberg Markets on June 17, BlackRock remains neutral on stocks over the next six to twelve months, as the S&P 500 and Nasdaq continue to rack up losses and the Treasury yields are rising. Micro bullish but macro bearish Furthermore, margins in the U....

When asked whether she thought a Bitcoin futures ETF was going to happen sooner rather than later, Murphy believes “the clock is ticking.” A Bitcoin ETF is already available in other countries, including Canada, but investors have been waiting for one to arrive on the US market for a long time. However, Murphy noted that the SEC had demonstrated a readiness to talk about at least a futures-based Bitcoin ETF....

In a press statement, KPMG stated that it acquired the assets through the Gemini cryptocurrency exchange execution and custody services. The incorporation marks the 150-year-old company’s first direct investment in digital currencies, with allocation also entailing carbon offsets as part of maintaining a net-zero carbon transaction in line with the firm’s environmental, social, and governance (ESG) obligations. According to the accounting giant, the venture into crypto assets aligns with the belief that digital currencies will keep growing....

By press time, the asset was trading at $1.74, emerging as the biggest gainer among the top ten cryptocurrencies by market cap at 12.5% over the last 24 hours, according to data provided by Coinmarketcap.com. The price movement shows positive signs considering that the general cryptocurrency market has struggled since last week, with bitcoin erasing most of the gains made during the 2021 bull run. Besides regulatory concerns, interest rates and inflation worries played a role in the market’s collapse....

Despite a year-over-year sales increase of more than twice as much from $28.2 million in the second quarter of 2020, revenue jumped to $58.9 million, increasing 109% year-over-year. Still, the company’s Q3 revenue guidance was below forecasts. As a result, the stock’s price plummeted, dropping from $120 to $85. Since earnings, the stock has fallen to the mid-$80s and is presently trading above $90. CDLX has underperformed compared to its peers on the stock market....

On Monday, September 13, 2021, analyst Adam Jonas at Morgan Stanley initiated coverage on Lucid with an underweight rating giving the firm a $12.00 price target. Morgan Stanley claimed that with a $31 billion value, the stock market appears to have assigned an “unusually high” likelihood of possibilities where Lucid obtains considerable market shares. At the same time, Jonas still sees “many obstacles” between Lucid and more established electric vehicle giants....

Speaking with CNBC, Citigroup’s (NYSE: C) Global Markets Asia Managing Director Johanna Chua discussed what she expects from the Chinese economy in 2022 on the consumer side, analyzing the property market and the Yuan. Chua believes that China should be concerned about the well-being of its consumer side and that this is one area where she believes the country might benefit from a little more policy support. Small and medium-sized companies to feel pressure The managing director revealed that she thinks the government won’t abandon the zero-covid any time soon....