About author: Samantha Chang

Coinbase, the largest cryptocurrency exchange in the United States, has acquired Earn.com, a blockchain-based social network portal, in a deal reportedly worth $120 million.  To date, this is Coinbase’s fifth acquisition and its biggest. Financial details were not disclosed, but TechCrunch valued the acquisition at about $120 million. As part of the deal, Coinbase hired Earn.com CEO Balaji Srinivasan as…

READ MORE

New York Attorney General Eric Schneiderman launched an “inquiry” into cryptocurrency exchanges and platforms in a bid to promote more transparency and accountability in the budding cryptocurrency industry. On April 17, 2018, the NY Attorney General’s Office sent letters to 13 major cryptocurrency exchanges requesting detailed information on their operations, internal controls, conflicts of interests, and safeguards to protect customer…

READ MORE

While bitcoin’s profile continues to climb worldwide, many Britons remain cryptocurrency skeptics who would not invest in bitcoin even if it were backed by the Bank of England according to a recent survey. The bearish sentiment was chronicled in research compiled by polling company D-CYFOR. The poll results showed that while 93 percent of Britons had heard of bitcoin, a…

READ MORE

Multi-billion-dollar global asset managers such as university endowments and pension funds could soon ride the cryptocurrency wave as bitcoin’s profile continues to soar. Ari Paul, the chief investment officer of cryptocurrency investment firm BlockTower Capital, says he wouldn’t be surprised if some cash-rich Ivy League schools start investing in crypto in 2018. “I do think it’s inevitable from a few…

READ MORE

A new trend is spreading like wildfire among the growing crop of bitcoin millionaires, which is buying flashy Lamborghinis to showcase their cryptocurrency wealth. The craze has fueled the popular “When Lambo?” meme in cryptocurrency circles. “When Lambo” refers to the point at which a crypto holder has amassed enough bitcoin (BTC) to buy a Lamborghini, whose prices typically start…

READ MORE

Several top investment pros are once again declaring the death of bitcoin amid its recent price plunges. In fact, one Bank of America analyst called the pioneer cryptocurrency the “greatest bubble in history,” and said it’s popping right now. Bitcoin evangelists, who have been around since the beginning, have heard all this before. Analysts: Bitcoin Has Peaked Michael Hartnett, the…

READ MORE

Move over, Wall Street. Cryptocurrency is the new kid on the blockchain. And a tidal wave is ushering investment banking veterans to hop on the bitcoin bandwagon. Goldman Sachs executive Richard Kim has just joined Galaxy Digital, the cryptocurrency merchant bank founded by former hedge fund manager Mike Novogratz. Novogratz, who was once a partner with Goldman Sachs, is now…

READ MORE