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The Problem with Penny Cryptocurrencies
A new term has entered the crypto space: penny cryptocurrencies. If you Google the term, you will come across several advisory sites promoting “the best” altcoins under a dollar. There’s a problem with this. The problem isn’t with penny cryptos, as in, altcoins priced...
Cryptocurrency Update 2/1/2018
The top 50 cryptocurrencies all fell approximately 18% in just 24 hours. It’s official: cryptocurrency trading in South Korea can no longer continue under terms of anonymity. Also, India virtually outlawed cryptocurrency trading, its Finance Minister, Arun Jaitley,...
Davos Elites Still Don’t Get Blockchain
Authored by Michael J Casey via Coindesk Every year at the World Economic Forum, a handful of timely, hot-button issues overshadow the myriad other topics consuming the chatter of the attending businessmen, government officials, development professionals,...
Lessons Learned from Coincheck’s $543 Million NEM Heist
Too many people—HODLR’s and fast-buck speculators alike—are jumping into the cryptomarkets without having attained an adequate, or even semi-adequate, grasp of the most basic principles. It’s obvious to most that the act of speculation entails a form of “trust” in a...
The man who broke the Bank of England on a pound bet says bitcoin is ‘not a currency’
Authored by Anneken Tappe via MarketWatch George Soros says bitcoin is not a currency. The billionaire investor best known for a winning bet against the British pound in the early 1990s ought to know. Speaking at the World Economic Forum in Davos, Switzerland,...
Australia’s Biggest Gold Refiner Plans Gold-Backed Cryptocurerncy
Authored by Samburaj Das via CCN.COM Major Australian precious metals refinery, the Perth Mint, is developing its own gold-backed cryptocurrency in a bid to lure consumers back to investing in gold. With a capacity of processing over 700 tons of gold per year,...
Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts
Authored by Molly Jane Zuckerman via Cointelegraph Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble...
What are Tax Brackets and Marginal Tax Rates? Questions Answered
Authored by Karl Montevirgen via Ticker Tape Do you know what tax brackets are, and what tax rates make up the federal tax brackets? If you're unsure, you’re not alone. After all, tax accounting is one of those rare topics that, at least for most non-accountant types,...
Ten Tips to Carefully Selecting an Automated Trading System
To many investors, automated trading systems can feel like a gamble when it should be a calculated risk. If you suspect that you are just rolling the dice with your money, stop right there and just hold off. The problem is that many retail investors, when presented...
Cryptocurrencies and the Rhetoric of Death
Authored by Karl Montevirgen, Halifax America “Indeed, the direction of the future is only there in order to elude us.” ― Georges Bataille It seems as if everywhere you turn, someone is talking about cryptocurrencies. And whether the person speaking is a novice...
The risk of loss in trading stocks, options, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Day trading is high risk, speculative trading strategy and not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. You are fully responsible for any investment decision you make. Halifax America does not make investment recommendations and does not provide tax, financial, or legal advice.
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