Bookmarking Crypto Insights
Auto Added by WPeMatico
The current market environment has caused several cryptocurrency companies such as exchanges, and miners to cancel growth plans, downsize their operations or even completely shut down. A massive new fund reportedly in the works is designed to help such struggling firms with much-needed finance until the situation improves and they return to profitability. Also Read: … Read more
In Thursday’s edition of The Daily, we cover a new task force established by the state of New York to explore the cryptocurrency market and its regulation, a move by Galaxy Digital’s Mike Novogratz to buy more of the business, and an interesting way to mark the anniversary of Bitcoin’s genesis block. Also Read: Bakkt … Read more
Cryptocurrency prices have been battered this year, and that’s been the sole topic of interest, both for the enthusiasts and the skeptics. However, as the prices dropped, one business has boomed: crypto lending. While all the other startups in the crypto space were counting on prices hitting their former highs, this industry has been making … Read more
Ex-Goldman Sachs partner Mike Novogratz has increased his shares of Galaxy Digital, the crypto-focused merchant bank he founded Go to Source Powered by WPeMatico
Institutional investors trading cryptocurrency gained ground in 2018, with a number of high profile players edging in and taking a seat at the table. Increased interest from larger investors may have played a part in supporting digital assets as well as distorting the market. Also Read: KPMG: Institutional Investment Key to Cryptoassets Growth Will Crypto Markets … Read more
They came in plenty, some a little conservative and others outright ambitious. There were those who predicted that Bitcoin would hit $20,000 even before the year ended. Others went long term, predicting as high as $1 million in 2020. While the long-term predictions could still come to pass, those who made predictions for the year … Read more
The race for the cryptocurrency custodial king is quickly heating up. Just days after Fidelity Investments announced that it would offer crypto security and storage services, BitGo has announced the closing of its Series B funding round. The startup offers crypto custody solutions through its BitGo Trust subsidiary. The $58.5 million round saw participation from … Read more
At press time, the father of cryptocurrency has moved up from its recent drop and is trading for over $6,400. While this doesn’t compare with the oh-so-spectacular $6,500 range of roughly one and two weeks ago, the currency is making headway considering its recent – and frightening – drop to $6,200. Late last week, bitcoin … Read more
Fidelity Investment has announced that it’s launching a cryptocurrency storage and trading platform. Dubbed Fidelity Digital Assets LLC, the new platform will cater mainly to institutional investors, offering custody solutions for digital assets, institutional advisory services and a crypto trading platform for its clients. Fidelity made the announcement today, October 15 during the Bloomberg Institutional … Read more
At press time, the world’s second-largest cryptocurrency by market value, Ethereum, has failed to gain momentum for the eighth day running and break free from a value range that is limited by $230 on the upside and $224 on the downside. As can be seen from the chart above, Ether is currently trading at $225.49, a … Read more