Posts in category

Investing


Tim Enneking is managing director at Crypto Asset Management, which oversees Crypto Asset Fund, a regulated US cryptocurrency trading fund. The number of initial coin offerings (ICOs) is growing rapidly, having raised an astounding $5.6 billion in 2017 alone. More outrageous is that, by most estimates, over half of the ICOs launched in 2017 have already failed. …

0 37

Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an Overstock.com subsidiary focused on the advancement of blockchain technology. In 1987’s Black Monday stock market crash, Sam Walton, the world’s richest man, lost more than half a billion dollars in a few hours. When reached for comment, Walton said, “It’s paper anyway. …

0 43

In another one of his famous bitcoin predictions that gets widespread news coverage, billionaire investor Tim Draper is now predicting that the price of bitcoin, which today traded at around $8,100, will rocket to $250,000 in four years. Draper, a founding partner in Draper Associates, made the prediction on April 12, 2018, at the Block …

0 38

The Robinhood mobile app for smartphones, operated by a financial services firm  headquartered in Palo Alto, allows individuals to invest in publicly traded companies and exchange-traded funds listed on U.S. stock exchanges without paying a commission. Earlier this year, the company announced that it was branching into cryptocurrency trading with Robinhood Crypto. The Robinhood business …

0 38

Ether Capital is positioning itself to be the first Ethereum-focused publicly traded company. Having already raised $45 million through a private placement, the Toronto-based firm is now close to finalizing the reverse takeover (RTO) of a Vancouver shell company by mid-April. “Ether Capital is a technology company focused on building the central business and investment …

0 39

Cryptocurrency trading firm Coinbase has entered into talks with the U.S. Securities and Exchange Commission about registering as a licensed broker-dealer firm and electronic trading venue, The Wall Street Journal reported on Friday, April 6, 2018. The move comes just as U.S. regulators have begun clarifying their stance on virtual currencies. Testifying before the Senate …

0 37

On April 6, 2018, the United States Securities and Exchange Commission obtained a court order to freeze $27 million in stock trades from Longfin Corp., a publicly traded blockchain technology company. According to the SEC’s official statement, the company’s CEO and three other affiliates are under investigation for the illegal distribution and sale of restricted …

0 37

As cryptocurrencies continue to make their mark on the financial arena, many capital investment firms are looking to bring the power of the blockchain and traditional investment strategies together to give traders more opportunities in an adapting industry. Leading Chinese private equity group JD Capital is one of those firms. Founded in 2007 and headquartered …

0 38

Options for borrowing and lending with cryptocurrencies are on the rise. One of the latest start-ups to join the likes of SALT and Unchained Capital is BlockFi, a New York City–based startup that issues loans backed by bitcoin and ether to individuals, companies and institutions in 35 U.S. states. Collateralization of cryptocurrency assets benefits retail …

0 39

Hong Kong–based cryptocurrency trading platform OKEx announced on March 30 that it was rolling back on all futures transactions due to what executives deemed an “irregular sell-off.” The exchange issued the following statement on its support page: To prevent forced-liquidations due to price differences after the settlements in ‘bi-weekly’ and ‘quarterly’ futures contracts, we will …

0 38

Bittrex, a U.S.-based cryptocurrency exchange, has issued a trading pair between tether (USDT) and TrueUSD (TUSD), two stable tokens pegged to the U.S. dollar. While tether is issued by Tether, TrueUSD is issued by TrustToken. Unlike other cryptocurrencies, stable tokens are pegged to the value of traditional money. In this case, tether and TrueUSD are both …

0 39

Nearly a quarter of South Koreans in their twenties want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea. Yonhap News reported Tuesday that the bank’s survey examined cryptocurrency awareness among 2,511 Korean residents, with the age of the respondents ranging from people in their twenties to their seventies. Notably, …

0 38

On March 22, 2018, a report was released by the Student Loan Study that raised a few eyebrows across the space. A survey of 1,000 college students with student debt were asked the simple question: Have you ever used student loan money to invest in cryptocurrencies like bitcoin? The results were astounding with 21.2 percent …

0 39

The Toronto Stock Exchange’s pioneering TMX division is partnering with Paycase Financial to launch a special brokerage service that will provide data and investment advice for investors about cryptocurrencies, including bitcoin and ether. TMX Group’s new, wholly-owned subsidiary, Shorcan Digital Currency Network has entered into an agreement with Paycase Financial to provide information and build …

0 38

EverMarkets announced that the EverMarkets Exchange (EMX), a futures exchange and clearing house platform built on blockchain technology, is expected to launch later this year for non-U.S. clients. EMX will list both cryptocurrency and traditional futures contracts. Futures contracts are defined as transactions between a buyer and a seller for a financial instrument at a …

0 37

Decentralized exchanges promise a world in which cryptocurrency can be traded without a centralized middlemen. Nevertheless, the majority of cryptocurrency currently trades on centralized exchanges that have amassed large network effects, offer large amounts of liquidity and have an easy-to-follow user experience. Recently, exchanges Binance and Kyber Network released news of progress toward the future …

0 37

There may be a literal “crypto-king” one day in the not-so-distant future. The Crown Prince of Liechtenstein said last Friday that his family is considering investing some of their $5 billion fortune in cryptocurrencies. Crown Prince Alois Philipp Maria told CNBC that investing in cryptocurrencies can help bolster the royal family’s fortune, which, though it is sizeable …

0 37

After a strong rally from the $6,000s, bitcoin ultimately saw a near 100% growth in market value as it now sits atop its rally in the low $11,000s. Currently, the market is testing well-known, strong resistance levels and is seeing quite turbulent shakeouts and rallies as it decides what the next market move will be. …

0 44

Tom Goldenberg is chief technology officer at Commandiv, a combined stock and crypto trading platform providing investors with automated trade recommendations and rebalancing tools.  The New York Times economist Paul Krugman keeps bashing bitcoin. Why would you trade such a volatile asset, he asks, if it lacks fundamentals? “So, bitcoin just lost half its value. Where does …

0 37

Over the last couple weeks, bitcoin has seen a dramatic drop in price dropping from $20,000 to $6,000. Shortly after bottoming at $6,000, hopeful investors jumped at the chance to catch a discounted coin. Is this rise sustainable and does it mark the end of the drastic correction? Let’s take a look at the macro …

0 38