Stock market investment veteran and co-founder of $ 70 billion fund Mayo Van Otterloo, Jeremy Grantham, has pledged to spend 98 percent of his net worth – approximately $ 1 billion – on what he sees as a race against the ticking time bomb of humanity’s fragile deal with the environment. Bloomberg reports that through his foundation, Grantham and
Billionaire venture capital investor Tim Draper has made $ 89.1 million from his Bitcoin investment in less than five years. In 2014, Tim Draper purchased a bulk of 30,000 BTC from the U.S. authorities in an auction. He outbid all participating investors by paying $ 632 per Bitcoin, with a slight premium. The $ 18.96 million he spent
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A bitcoin investor who lost $ 1 million in the bear market still believes the original cryptocurrency is a “force for good.” However, Peter McCormack warns others to be more careful with their money. “I wish I had taken everything out before the bubble burst,” McCormack wrote at the Guardian. “I have earned money in the
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Over the last 48 hours, following a large loss on Christmas, the Bitcoin price has recovered back to around $ 4,000. The dominant cryptocurrency, which still holds a market valuation of over $ 64 billion, has demonstrated wild volatility in a wide price range from $ 3,100 to $ 4,300 throughout December, struggling to recover to November levels. Last
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Travis Kling, a former Point72 Asset Management executive, a hedge fund that oversees $ 12.4 billion in assets, said that there is a big chance crypto becomes the best performing asset in 2019. The Ikigai Fund founder made the case that cryptocurrencies were never present during a proper bear market in traditional finance and the decline
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Su Zhu, the CEO of FX hedge fund Three Arrows Capital, has said that Binance, the largest crypto exchange in the global market, is also the most trusted among investors within the digital asset community. Citing a poll ran by a small cryptocurrency exchange, Zhu said: Interesting that @binance, a lightly regulated exchange, has also
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The ICO market is dead, but that won’t hamper the inevitable growth of the cryptocurrency market, says Barry Silbert, the founder of crypto investment fund Digital Currency Group. Silbert said the frenzy for initial coin offerings in 2017 fueled the meteoric spike in bitcoin prices, but now the ICO market has been decimated, resulting in
According to Vinny Lingham, the CEO of Civic, the crypto market and Bitcoin could suffer from their bearish trend for at least three to six months. The $ 3,000 support level has been quite strong Lingham said and in the short-term, the $ 3,000 support level will likely be maintained with buy orders being set in the
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In the past seven days, the valuation of the crypto market dropped from $ 184 billion to $ 138 billion, by more than $ 46 billion. The cryptocurrency market experienced one of the worst weekly sell-offs in all of 2018, and the prices of major digital assets like Bitcoin have dropped by around 75 percent to 85 percent
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Chris Burniske, a Placeholder Management partner, said that the US stock market retracement, sell-off of Ethereum, and the Bitcoin Cash hard fork were the three major factors behind the recent crypto wipeout. In the past seven days, more than $ 65 billion has been deleted from the cryptocurrency market as every major cryptocurrency including Bitcoin (BTC),
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Former congressman and presidential candidate Ron Paul enjoys a wide fanbase on social media and among latter generations who have an interest in pro-liberty changes to governmental policy. He is famed for his positions on issues ranging from abortion and marijuana to business regulation, and he famously authored a book which aligns with the philosophy
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Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping.” The suit alleges that both companies possessed flaws in their security systems and failed to properly train their employees to work against hackers seeking to gain access to users’ smartphones.
Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993. As with any other emerging technology or market, the cryptocurrency space has seen a large number of failed projects and scams over the
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Kim Dotcom, a German-Finnish Internet entrepreneur and a renowned investor in crypto, stated that the US economy will inevitably crash in the years to come. If US markets deteriorate in the long-term, as predicted by recognized economists including Peter Schiff and Nouriel Roubini, Dotcom firmly stated that crypto will appeal to investors as a robust
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Makaveli Lindén, the primary suspect in the gruesome murder of 24-year-old Norwegian bitcoin investor Heikki Bjørklund Paltto, is in police custody following a successful international manhunt. Swedish news outlet Aftonbladet reports that Oslo police have confirmed that Lindén, 20, has been captured more than a week after he allegedly stabbed Paltto to death in the
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The Oslo police department has released the name and photograph of the suspect that they believe is behind the grisly murder of Heikki Bjørklund Paltto, the 24-year-old cryptocurrency investor who was murdered last week shortly after completing a sizeable cash-for-bitcoin trade. According to Norwegian news outlet Verdens Gang, police have charged 20-year-old Swedish citizen Makaveli
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The Norwegian cryptocurrency investor who earlier this week was brutally murdered following a cash-for-bitcoin exchange was reportedly liquidating his holdings so that he could buy his own apartment. CCN reported yesterday that the 24-year-old investor had been stabbed to death in his apartment on Monday morning, sometime between 7:50 am and 12:10 pm, when one
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The Japan Virtual Currency Exchange Association says it will tighten investor protection stipulations after a wave of hacks on digital currency exchanges.
Citing informed sources, the Japan Times reported the Japan Virtual Currency Exchange Association (JVCEA) has agreed to revise certain self-imposed rules to keep investors safe in the wake of hacks.
The JVCEA is set to place a cap on the number of cryptocurrencies managed, which will reportedly equal between 10-20% of customer deposits.
The decision largely comes after hackers managed to walk off with about $ 60 million dollar’s worth of digital currency from the Zaif exchange earlier in September.
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
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Prices of XRP have recently been jumping all over the place. In the space of a week, the price has tripled and then dropped more than 40% following a rally off the back of numerous breaking news stories.
At the time of writing, the cryptocurrency founded by Ripple has dropped to $ 0.4415 according to CoinMarketCap.
It was down from it’s recent high of around $ 0.769 that it reached on 21st September according to additional CoinMarketCap data.