By CCN: Bitcoin price will hit $ 30,000 by the end of 2019, according to Kenetic Capital co-founder Jihan Chu. In an interview with Bloomberg, he points to three bullish factors including the upcoming bitcoin halving, the disappointment of tech IPOs, and the likes of Facebook and Fidelity embracing crypto. Chu’s $ 30k price target comes as bitcoin teases the $ 9,000 mark and ticks over a $ 150 billion market cap. “Ten years out from the bitcoin story, and we are starting to see the story become a reality. and what people are really seeing now is that cryptocurrency is not going away”
Cryptocurrency trading platform BitMEX, which allows investors to leverage their positions up to 100x, has grown its insurance fund to more 26,453 BTC — worth roughly $ 212.5 million. According to publicly available data first highlighted by The Block, BitMEX’s insurance fund has grown from only 162 BTC at the start of 2018 to the level seen […]
Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG).
In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.
The U.S. Securities and Exchange Commission (SEC) has posted a new proposal from Crescent Crypto Index Services, a subsidiary of Crescent Asset Management, for the launch of a crypto-backed exchange-traded fund (ETF).
According to the application, the company, which is based in New Jersey, will be looking to monitor the performance of a portfolio of ether (ETH) and bitcoin (BTC). The fund has been named the “USCF Crescent Crypto Index Fund” with “XBET” being its proposed ticker.
It will also be sponsored by United States Commodity Funds LLC, a commodity pool operator which, according to the filing, is under regulatory oversight from both the National Futures Association and the Commodity Futures Trading Commission (CFTC).
Following approval from European authorities, Swiss investment firm Final Frontier is partnering with Bitfury Group to launch a regulated bitcoin mining fund for personal and institutional investors.
Bitfury announced the partnership on April 24, 2019, describing the project and some of the advantages that this mining fund will offer to investors.
According to the Bitfury Medium post, the fund will look to introduce more investors to the difficult-to-access world of bitcoin mining “by offering exposure to bitcoin mining via a fully regulated fund in a European jurisdiction, with top-tier service providers.”
An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report claims.
The culmination of a two-year investigation, the “Report On The Investigation Into Russian Interference In The 2016 Presidential Election” details the findings that Special Counsel Robert Mueller and his team uncovered during their inquiry into whether or not the Trump campaign colluded with Russia to hamper Hillary Clinton’s 2016 run for the presidency. United States Attorney General William Barr claimed in late March that the investigation found no evidence of such collusion, and the U.S. Department of Justice (DOJ) released a redacted version of the full report on April 18, 2019.
Grayscale Investments, a digital asset management firm founded by Digital Currency Group, announced Friday that it has completed its quarterly review to update the weightings of its Digital Large Cap Fund (DLC). 3/ Although no new assets qualified for inclusion following DLC’S Quarterly Review (3/31/19), the below table highlights how DLC’s weightings have changed from […]
Crypto investment firm Pantera Capital is reportedly close to securing the full $ 175 million it set out to raise for its third venture fund. NOW AVAILABLE: Our March #Blockchain Letter, Block Reward Halving and Venture Fund III Closinghttps://t.co/vUjXVOMYHv pic.twitter.com/F1XMqpzHOx — Pantera Capital (@PanteraCapital) March 26, 2019 According to a recently published letter, Pantera has raised a […]
Things are heating up in the blockchain gaming space after a recent report revealed that Ripple has teamed up with blockchain gaming startup Forte to launch a $ 100 million fund. According to a report by VentureBeat, Ripple’s investment arm, Xpring, will be providing the capital for Forte to deploy across the blockchain gaming ecosystem. Forte, […]
TrustToken, the company behind TrueUSD (TUSD), a dollar-pegged stablecoin, announced on Tuesday that it has formed a partnership with Armanino, a top-25 independent accounting firm, to develop a new real-time dashboard for TrueUSD fund verification and collateralization. We are proud to announce our partnership with @ArmaninoLLP to bring you real-time confirmation of #TrueUSD funds. The dashboard […]
Switzerland-based Pangea Blockchain Fund is launching after closing a $ 22 million seed round backed by crypto investor Roger Ver.
Crypto investment firm Pantera Capital has reportedly secured $ 125 million of the $ 175 million being raised for its third crypto venture fund. According to a recent report by CoinDesk, $ 25 million has been secured since last August when Pantera told CNBC that it already had $ 100 million in capital committed to the new fund. The new […]
The Seoul Metropolitan Government has committed over $ 1 billion to invest in innovative startups by 2022, including blockchain firms.
Ari Paul, the co-founder of crypto investment firm BlockTower Capital, says bitcoin adoption is at a standstill because Wall Street is taking a “wait-and-see” approach amid the bear market. In a lengthy tweetstorm, Paul says institutional viewpoints about cryptocurrencies fall into three categories: Venture capital mindset: Is there value creation we can capture with early-stage investment? Passive bitcoin or index exposure: Is this going to be digital gold or a portfolio hedge? Is this a market where we can generate profits as service providers or through active trading? Institutions Are In ‘Wait-and-See’ Mode Paul says the three viewpoints are not
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Tel Aviv, Israel — January 30, 2019 — Platin, the world’s leading decentralized Proof-of-Location (PoL) protocol, today announced that it has secured investment from EOS Global’s EOS ecosystem fund, a partnership fund of Block.one’s EOS VC investment unit. Platin, which will
Cryptocurrency trading platform BitMEX, which allows investors to leverage their positions up to 100x, has reportedly grown its Insurance Fund to more 21,366 BTC — worth roughly $ 77.5 million. According to data recently made available by BitMEX, the Insurance Fund has grown to its current level after starting 2018 with only 162 BTC. BitMEX uses the Insurance Fund […]
By CCN.com: Ray Dalio, the investment chief at the $ 160 billion Bridgewater hedge fund, joins other money titans and economic experts in warning that a recession looms on the horizon, threatening to wipe out the US stock market. Others still disagree. Dalio Does Davos, Warns US Stock Market Faces ‘Significant’ Risk of Recession Speaking to
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Despite its own difficulties in recent months, cryptocurrency-focused merchant bank Galaxy Digital LP (GLXY) is reportedly in the process of raising a $ 250 million fund to provide loans to struggling cryptocurrency firms. According to a recent report by Business Insider that cites insiders familiar with the matter, Galaxy Digital plans to offer loans to crypto companies in return for collateral including […]
Overstock has promoted Joel Wright to chief operating officer of Medici Ventures, the company’s blockchain venture fund.
ReKTGlobal, the owner of the Rogue esports organization, has announced the closing of a $ 10.8 million Series A fundraising round led by Nick Gross with participation from Steve Aoki and Imagine Dragons. We’re incredibly proud and happy to announce our Series A funding round. @nickgross and the investors selected for this round bring incredible expertise and connections in […]