Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
It should be noted, that cryptocurrency has only been around since 2009 and therefore, is a smaller and more volatile market compared to traditional investments assets such as real estate, stocks and bonds. Bitcoin and Ethereum are the two biggest cryptocurrencies by market capitalisation and could be considered “blue chip” digital assets.
Why Is Bitcoin Worth Anything?
Then, after a few months of owning cryptocurrency, if you become comfortable with losing even more money, gradually up it to 1-3% of your total portfolio. Basically, cryptocurrency can be a good investment, if you can find the amount at which you can live with losing it all, while giving yourself enough exposure so that the upside is impactful.
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