DIGIT

$2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’

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Cryptocurrency hedge funds’ assets under management have been increasing significantly, rising to more than $2 billion at the end of last year, according to a recent survey. The crypto hedge fund industry is expected to “grow significantly” along with the price of bitcoin. Hedge Funds’ AUMs Doubled in 2019 Cryptocurrency hedge funds’ assets under management … Read more

Monero Reaches a Daily Transaction All-time High

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Whether one likes or dislikes privacy currencies, they seem to find their niche in many different ways. For Monero, a new all-time high in daily transactions was recorded last week, further confirming the potential of this project.  There are many reasons as to why privacy-oriented crypto assets really matter.  Ongoing Transaction Growth for Monero They … Read more

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

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On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 … Read more

Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz

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Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable in light of the record money printing by world … Read more