From Tom Lee to John McAfee, Bitcoin Predictions Haven’t Aged Well

Themerkle_Bitcoin Price Prediction

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 […]

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Goldman Sachs and Novogratz Participate in Bitgo’s $58 Million Series B Funding

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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 […]

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Bitcoin Price Watch: Currency Moves Up, Correlates with Stock Behavior

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 […]

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Wall Street Giant Fidelity To Open A Crypto Storage And Trading Platform

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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 […]

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Ethereum Price Watch: ETH/USD Sits Tight at $225, Continues to Display Signs of a Stagnating Economic Trend

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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 […]

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Bitcoin Price Watch: Currency Still Unwavering, No Direction Set

At press time, the price of bitcoin is still refusing to budge, and remains solidly in the $6,500 range. The currency continues to move in a sideways motion, and there’s no telling when – or even if – bitcoin will do anything different in the coming weeks. Bitcoin bull and creator of the cryptocurrency merchant […]

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Bitcoin Price Watch: Is Another Bull Run in Store?

At press time, bitcoin is trading for over $6,700. That’s roughly $400 more than where it’s stood over the past week, and many are wondering if a year-end bull run is at hand. Recently, the Securities and Exchange Commission (SEC) sought further industry help and commentary regarding the bitcoin ETF submitted by joint venture VanEck […]

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Novogratz Expresses Confidence in Cryptos as His Crypto Bank Nears Listing

Mike Novogratz is making a big bet on the role of cryptocurrencies in the near future. The billionaire investor has been one of the most fervent and bullish crypto believers despite the market’s unpredictability, especially in the last few months. And now, after patiently waiting for months, his crypto merchant bank, Galaxy Digital LP, is […]

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Billionaire Backed Bitcoin Bank Trading on Major Stock Exchange

Billionaire Backed Bitcoin Bank Trading on Major Stock ExchangeComing off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions […]

The post Billionaire Backed Bitcoin Bank Trading on Major Stock Exchange appeared first on Bitcoin News.

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