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By CCN.com: Mike Novogratz, a billionaire venture capital and avid cryptocurrency investor, is reportedly raising $ 250 million to support crypto businesses. According to a Business Insider exclusive report, sources close to the company have revealed that Galaxy Digital is in the process of securing $ 250 million to establish a credit fund to finance crypto funds
The post Billionaire Mike Novogratz Raising $ 250M Should Reassure Crypto Investors, Even in the Bear Market appeared first on CCN
The live stream of Jamie Dimon’s address (watch below) at the NY Economic Club opens with the billionaire CEO of JP Morgan Chase pointing out a dearth of activity from American small business entrepreneurs over the last ten years since the Wall Street financial crisis: “Small business formation is lower than it’s ever been in
The post Tell Billionaire CEO Jamie Dimon He’s The Reason Why America’s Small Businesses Are Dying appeared first on CCN
Back in September, biotech billionaire Phillip Frost and eight other individuals were charged by the SEC for a penny stock scheme deemed fraudulent. Frost was not at the core of the scheme, which involved buying up penny stocks and effectively pumping their value only to dump them at massive profits. Overall, before they were caught,
The post Biotech Billionaire Settles with SEC over Crypto-Related Penny Stock Scam appeared first on CCN
Mike Novogratz, Jim Breyer, and Tim Draper are some of many billionaire investors in the traditional financial market who remain optimistic towards the long-term trend of crypto. How are these investors able to maintain their positive stance in regards to the growth of the cryptocurrency sector following an 85 percent decline in valuation across the
The post Why Billionaire Investors Still Remain Positive on Long-Term Trend of Crypto appeared first on CCN
Billionaire investor and venture capitalist Jim Breyer stated that despite a prolonged crypto “nuclear winter,” he still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements. Speaking at the 2018 Fortune Global Tech Forum in Guangzhou, China, Breyer noted that while these are
The post Bitcoin ‘Nuclear Winter’ Doesn’t Scare Billionaire Crypto Bull Jim Breyer appeared first on CCN
Tech billionaire Tim Draper is unfazed by the recent bitcoin crash, and insists that the global economy will soon transition to crypto. In fact, Draper boldly predicts that crypto will eventually overtake fiat money to make up two-thirds of the world’s total currency value. The Silicon Valley venture capitalist said the shift will be inevitable
The post Billionaire Tim Draper Unfazed By Bitcoin Crash, Boldly Vows Crypto Will Surpass Fiat Money appeared first on CCN
Billionaire Eric Schmidt, the former chairman of Google, is a budding bitcoin and blockchain enthusiast who said ethereum could be a “powerful platform” whose untapped potential is off-the-charts. Schmidt made the remarks during a live event with economist Tyler Cowen hosted by Village Global in San Francisco. In the wide-ranging conversation, Schmidt discussed the future of … Continued
The post Ethereum Has Major Potential: Billionaire Ex-Google CEO Eric Schmidt appeared first on CCN
Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson’s Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements
The post Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge appeared first on CCN
Li Xiaolai, the billionaire founder of cryptocurrency venture capital firm BitFund, has reportedly left the industry as the regulatory pressure in China intensifies. In a recent post on Chinese microblogging website Weibo, Xiaolai declared that he is done investing in the cryptocurrency industry. “From this day on, I, Li Xiaolai, will personally not invest in […]
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Li Xiaolai, the founder of Beijing-based venture capital firm BitFund and a widely recognized billionaire Bitcoin investor in China, has publicly stated that he will personally move away from the blockchain and initial coin offering (ICO) space. He said on China’s largest social media platform Weibo: “From this day on, Li Xiaolai personally will not
The post Chinese Billionaire Bitcoin Investor ‘Done’ Investing in Blockchain Projects appeared first on CCN
Chinese billionaire and co-CEO of technology company Ideanomics Bruno Wu believes the blockchain could be the solution that helps African countries trade their minerals and natural resources efficiently and profitably. Wu made the comment while speaking to entrepreneurs and investors at the Africa House Collective event, held in New York recently. Wu’s company Ideanomics, formerly
The post Blockchain Could Help Africa’s Commodity Market, Claims Chinese Billionaire appeared first on CCN
Billionaire Mike Novogratz of Galaxy Investment Partners believes Bitcoin (BTC) will have a 30% rally by December 2018, which means the current price of $ 6,700 would jump to $ 8,700 if he’s correct. The backer of EOS (EOS) and former Wall Street hedge fund manager made the prediction on Friday in a CNBC “Fast Money” interview.
Novogratz said that cryptocurrencies have bottomed in prices and that most of the selling have concluded. That means valuations have nowhere to go but up.
Continue reading Bitcoin To Jump 30% Says Billionaire Mike Novogratz at Crypto Daily™.
Tech billionaire Tim Draper stands by his bitcoin price target of $ 250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap. “This is going to be so big, so if you see a dip [in prices], jump in,” Draper told TheStreet at the
The post Billionaire Tim Draper Stands By Bullish $ 250,000 Bitcoin Price Target For 2022 appeared first on CCN
In a recent interview with The Street, venture capital investor Tim Draper again defended his prediction regarding the price of Bitcoin (BTC) reaching $ 250,00 by 2022. Despite the ongoing bear market, Draper maintains his opinion that cryptocurrencies will contribute to increasing the velocity of money within the next ten years. Draper anticipates a decrease in […]
SludgeFeed
Billionaire investor and prominent Bitcoin bull Tim Draper believes that the total cryptocurrency market capitalization will reach $ 80 trillion in the next 15 years. While speaking at the DEALSTREETASIA PE-VC Summit 2018 in Singapore, Draper stated his belief that the latest downturn in cryptocurrency prices is related to people simply not being accustomed to the new digital […]
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A luxury car retailer based in Houston, Texas, has become the first Bentley, Bugatti and Rolls-Royce (but not Lamborghini) dealership in the United States to adopt cryptocurrency as means of payment. Post Oak Motor Cars, which is owned by Houston Rockets billionaire, Tilman Fertitta, will now accept bitcoin and bitcoin cash thereby breaking new ground
The post Houston Rockets’ Billionaire Owner Accepts Bitcoin at Luxury Car Dealership appeared first on CCN
Coming 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 and digital assets.
Also read: Coinbase Flexes Muscle, Creates Political Action Committee
Billionaire investor Marc Lasry predicts that Bitcoin could go as high as $ 40,000 in a few years. Lasry believes rising adoption will make the top-ranked cryptocurrency easier to trade thus causing the price to skyrocket.
According to Lasry, Bitcoin is poised to see an increase in utility in the coming years and more people warm up to the emerging asset class. Speaking to CNBC, the Avenue Capital Group chief said:
As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet.
UK media has reported that 34-year-old Ben Delo, the co-founder of Bitmex, has become the youngest British self-made billionaire.
Also Read: Japanese Regulator Responds to Reports of Overhauling Crypto Regulation
According to The Sunday Times, Ben Delo’s college yearbook describes him as having been voted the student most like to become a millionaire, and the student second most likely to end up in prison. UK media is now heralding the Bitmex co-founder as the first Briton to become a billionaire through cryptocurrency, and the youngest British self-made billionaire at just 34.
Soon, wealthy tourists looking to live large in the Caribbean will be able to reserve rooms at controversial billionaire Calvin Ayre’s resort in Antigua — if you’ve got the Bitcoin Cash.
The billionaire founder of the Ayre Group and the Bodog entertainment brand, Calvin Ayre, is reportedly building a $ 100 million five-star resort on Antigua’s Valley Church beach — funded entirely by profits made from investments in digital currencies.
The prime minister of Antigua and Barbuda, Gaston Browne, is excited by the news, as the islands have long been supportive of cryptocurrency. Browne says of the project:
