#investment

Co-Creator: ETH Price Drop Makes Sense, Ethereum is in Great Shape

July 27, 2018 by Eric Czuleger at Ethereum, News

Ethereum dropped 36 percent this year, causing major crypto investors to actively bet against the second-largest crypto platform. According to a report released by Tetras Capital, they see Ethereum as the central currency through which excesses in the decentralization community have developed. Tetras Capital is a crypto hedge fund which...

4NEW Gives “Shitcoin” New Meaning by Converting Waste into Energy

July 27, 2018 by Nigel Dollentas at Altcoins, Blockchain, Mining, News

4NEW, a new blockchain-based eco-friendly ecosystem, is giving the term “Shitcoin” a whole new meaning. While traditionally a term given to tokens with no viable worth and/or vaporware, 4NEW is changing the connotation of “Shitcoin” by taking waste and converting it into electricity that is then used to mine tokens....

Before Launching its IPO, Bitmain Raises Another $1 Billion in Funding

July 26, 2018 by Nuno Menezes at Bitcoin, Business, Finance, Investment, Mining, News

The world’s biggest mining conglomerate Bitmain announced the digital currency mining giant wants to gather $1 billion in funding before launching its IPO according to Chinese media outlet Toutiao. In May 2018, the company was already able to complete its pre-IPO Series B funding of $300 to 400 million headed...

MakerDAO and bZx Announce Partnership to Enable Decentralized Cryptocurrency Trading

July 26, 2018 by Nuno Menezes at Altcoins, Bitcoin, Business, News

bZx and MakerDAO are announcing a partnership where they plan to bring their protocols together, to enable decentralized trading using smart contracts running on the Ethereum blockchain. While bZx is a decentralized margin lending protocol and liquidation oracle marketplace on the Ethereum blockchain, MakerDAO is the firm that developed the...

Cryptocurrency Hedge Funds Reportedly Increasing and Could Triple in 2018

Mike Novogratz’s Galaxy Digital Invests $52.5 Million in BlockFi to Boost Crypto Lending

July 26, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, Investment, News

Cryptocurrency-to-USD lending platform, BlockFi announced on July 24, 2018, that it has successfully raised $52.5 million in its latest funding round led by Galaxy Digital Ventures LLC, a New York-based asset management firm owned by Bitcoin evangelist Mike Novogratz. With the added capital, bitcoin and ether holders will now be...

U.S Court Orders Founder of Bitcoin Investment Scheme to Pay over $1.9 Million

July 25, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, News

A Colorado resident Dillon Michael Dean used his UK registered firm, The Entrepreneurs Headquarters Limited (TEH) in April 2018 to orchestrate a fraudulent bitcoin investment scheme that succeeded in generating a whopping $499,264.04 worth of bitcoin from 127 unsuspecting investors. According to a U.S Commodity Futures Trading Commission press release...

Nanjing Announces $1.48 Billion Fund for Investment in Blockchain Technology

July 25, 2018 by Aisshwarya Tiwari at Adoption, Blockchain, Business, Finance, Investment, News

Nanjing, the capital city of China’s Jiangsu province, has launched a gargantuan $1.48 billion fund for investment in blockchain technology to propel the existing public blockchain projects in the country. The announcement was made on July 23, 2018, at the first ever Industrial Public Chain Summit (IPCS) and comes as...

Measuring the “Cambrian Explosion” of the Cryptocurrency Economy

July 24, 2018 by Jefferson Nunn at Adoption, Finance, Investment, News

When Henry Ford produced the first Model T, he unknowingly set off a chain of events leading to the industrial revolution. The buggy whip manufacturers were opposed to anything that Henry Ford did and published dozens of hit pieces against Ford and his ilk. Enter the institutional investors that are...

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Asian Family Office Set to Launch Cryptocurrency Custodial Services in Hong Kong

July 23, 2018 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Exchange, Investment, News

Fusang Investment Office, a top Asian asset management firm based out of Hong Kong, has its intentions set to launch a crypto-custody service named Fusang Vault in the 4th quarter of the year, as reported by South China Morning Post on July 23, 2018. The asset managing firm specializes in...

Bitcoin Futures Average Daily Volume Grows 93 Percent In Q2

July 22, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Investment, News

CME Group has released data indicating that the Average Daily Volume (ADV) of bitcoin futures contracts grew 93 percent in the second quarter of 2018. In a July 20, 2018, tweet on its Twitter account, the derivatives trading giant also revealed that over the same period, the rate of open interest...

Bitcoin “Could replace Gold,” States Cryptocurrency Analyst

July 22, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Investment, News

After weeks and months of stagnation, bitcoin prices have finally rallied and settled over $7,000. Cryptocurrency enthusiasts are confident that the digital currency will not fall sharply and financial analysts have also opined the same. Returns over 2017 have been better than the equity and gold markets. As a result,...

Billionaire Hedge Fund Manager Has One Percent of his Net Worth in Bitcoin

July 22, 2018 by Joseph Young at Altcoins, Bitcoin, Business, Investment, News

Marc Lasry, the billionaire co-founder of Avenue Capital Group, whose net worth is estimated to be at around $1.68 billion, has invested $16.8 million in bitcoin. Bitcoin Investments Explained When asked about his personal investment in bitcoin, Lasry explained that he entered the cryptocurrency sector a few years ago, and...

HSBC Not Interested in Cryptocurrency Speculation, Supports Tokenization and Blockchain Technology

July 21, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, News

Banks and cryptocurrencies have not always been the best of friends, though the former is beginning to loosen up a bit. In the latest development, HSBC’s Global Head of Digital said on July 19, 2018, that the finance heavyweight is taking a ‘”cautious” approach towards cryptocurrencies due to the super volatile...

Indian Cryptocurrency Exchange Koinex Launches Loop, a P2P Token Transaction Network

July 20, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Development, Exchange, News

Koinex, a prominent Indian crypto exchange, has launched its peer-to-peer (P2P) service called Loop. Loop is a P2P trading platform for crypto assets transactions using fiat currency (INR). Koinex Loop - An Attempt to Preserve the Crypto Industry in India This step follows the move by another Indian exchange, WazirX,...

Block.one Announces End of Funding Round, Bags Peter Thiel and Bitmain

July 19, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, Development, News

In a blog post published on July 16, 2018, Block.one announced that it successfully managed to secure funding from some private organizations and individuals. The company is best known for its EOS blockchain platform that had its mainnet launch in June 2016. Block.one Funding so Far Among the list of...

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