Digital asset investment firm Morgan Creek Digital Assets is so certain in crypto’s upside that it has placed a $ 1 million bet that its cryptocurrency index will outperform the S&P 500 over the next 10 years. The million-dollar gamble is designed to mimic the “Buffett Bet,” where Warren Buffett famously wagered $ 1 million against asset manager […]
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Facebook Will Build ‘Most-Used Product in Crypto’: Morgan Creek
Morgan Creek’s Anthony Pompliano has declared that, contrary to the expectations of some in the blockchain space, Facebook will eventually build the “most used product in crypto.” Responding to a tweet by The Block founder Mike Dudas inferring that Facebook is hiring blockchain engineers without a clearly defined role or purpose for them, Pompliano stated
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Bitcoin Price Will Bottom at 85% Discount to All-Time High: Morgan Creek
Anthony Pompliano, who works in Morgan Creek’s Digital Assets division, told CNBC’s Squawk Box on Monday that he believes the Bitcoin price is essentially going to bottom out with an 85% reduction in value from its previous all-time high. Prefacing that his forecast is based on previous experience in the crypto markets, he said: “85%
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Crypto Hedge Funds are Going to Start Shutting Down: Morgan Creek
The depths of this year’s cryptocurrency bear market evidently show significant signs of further trouble. According to notable crypto figure and Morgan Creek Digital founder Anthony Pompliano, significant price drawdowns this year could lead to crypto hedge funds closing up shop soon. Hedge Funds CCN reported today of Bitcoin dropping below $ 5,000 in price, the lowest
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Morgan Creek, Bitwise Team Up to Launch Digital Asset Index Fund
Morgan Creek, a capital management company that oversees more than $ 1.5 billion in assets, has partnered with Bitwise Asset Management to create the Digital Asset Index Fund.
The new cryptocurrency asset fund is the latest in Bitwise’s suite of cryptocurrency investment offerings, as the asset management company already owns the HOLD 10 Index Fund. It also aspires to launch a cryptocurrency ETF in the near future.
New Morgan Creek Index Excludes ‘Pre-Mined’ Tokens Like XRP – But Not Ethereum
Morgan Creek Capital Management, the investment house with $ 1.5 billion of assets under its wing, has refused to include Ripple in its new rules-based index fund.
‘A Lot Of Additional Risk’
As Forbes reports on the launch day of Digital Asset Index Fund August 28, Morgan Creek has opted to exclude any cryptocurrency with more than a 30 percent premine.
Currently including eight cryptocurrencies to which institutional investors and other parties can now gain exposure, the fund will nonetheless also exclude altcoins such as Stellar 00 and in future NEO 00 and EOS 00.
Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US?
According to public documents the mining giant based out of Beijing, Bitmain Technologies, is allegedly building a data facility near Port Walla Walla, Washington called ‘Ant Creek.’
Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee
Is Bitmain Quietly Constructing a Large Mining Facility in Washington State?
The mining company and device manufacturer Bitmain has been quietly developing some sort of data facility based near the Port Walla Walla in Washington state. According to registration documents online, Ant Creek LLC is a firm based in Tumwater, Washington, and the active company was logged as an LLC on June 28, 2017. The for-profit Washington company’s record ownership is filed under Jihan Wu’s name.