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According to Jonathan Cheesman, a partner at investment firm Distributed Global, Bitcoin has fallen due to five major reasons: macro trend, speculative dominance, regulatory uncertainty, short selling, and scams. But, as the market and cryptocurrencies as an asset class continue to see improvements in infrastructure and regulation, Cheesman explained that a growing number of investors
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Dave Elder-Vass, a Reader in Sociology at Loughborough University (UK) has taken to The Conversation to discuss the history of Bitcoin, through the lens of the five different investors, or subcultures who have bought into Bitcoin, as both a viable currency and as an investment.
The five categories discussed by Elder-Vass are;
Which category best fits you?
Continue reading Which Of These 5 Bitcoin Investor Categories Best Fits You? at Crypto Daily™.
Anthony Pompliano, the founder of Morgan Creek Digital Assets and notable security token advocate, announced today that his firm has launched the Digital Asset Index Fund, a new cryptocurrency investment vehicle targeting institutional investors. Today we are launching the Digital Asset Index Fund for institutional investors. We partnered with @HHorsley, @Matt_Hougan, and @BitwiseInvest to build a compelling product […]
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One of the first “ethereum whales” appears to be having second thoughts about the second-largest cryptocurrency’s prospects. One of Ethereum’s First Whales is Funneling Millions to Bitfinex That anonymous investor, who received more than 314,000 ETH from the network’s Genesis block as a result of their investments in the Ethereum initial coin offering (ICO), has
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Unikrn, an esports gambling startup that raised approximately $ 31 million through an initial coin offering (ICO) in 2017, has become the latest ICO-funded project hit with a class-action lawsuit by a disgruntled investor. The Seattle-based company, which launched in 2014 as the world’s only fully-licensed and regulated esports betting platform, has been sued by lead
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The investigation into the Thailand bitcoin fraud case involving a Finnish national who lost 5,564 bitcoins to Thai fraudsters has now widened its reach to include a stock investor and bank employees. According to the Bangkok Post, Prasit Srisuwan, an investor at the Stock Exchange of Thailand, as well as employees of three Thai commercial
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A bitcoin investor has sued telecommunications giant AT&T for $ 224 million after losing millions of dollars worth of cryptocurrency in a theft that he says is the cellular service provider’s fault. According to CNBC, California resident Michael Terpin has filed a 69-page complaint against AT&T in U.S. District Court in Los Angeles, in which he … Continued
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The slow trickle of traditional investment into the crypto market may turn into a flood if a new platform launched by blockchain services provider AxiomLevel Technologies makes its desired impact.
AxiomLevel’s investor onboarding platform serves as a finance industry solution that caters toward institutional players with investor registration, verification and management. It contains a comprehensive know your customer (KYC) module, anti-money laundering (AML) compliance modules, and accredited investor verification, as well as a global whitelisting solution for digital wallets.
Jeffrey Wernick, an accredited investor and an early stakeholder in Uber and Airbnb, arguably two of the most successful technology startups created in the past decade, believes everyone should invest in crypto as an alternative store of value.
During an interview with Business Insider, Wernick emphasized that many investors have failed to grasp the philosophy of Bitcoin and open-source consensus currencies. Bitcoin is not merely an alternative way to send and receive money, but a store of value that can hold money in a purely digital form.
Famous Bitcoin early investor Jeffrey Wernick — who also got into Uber and Airbnb as an angel investor — recently told Business Insider that people get a lot of things wrong about the first and foremost cryptocurrency. Here’s some of what he had to say.
When asked by Business Insider‘s Sara Silverstein what “most people get wrong about bitcoin or cryptocurrency,” the successful financial expert had a lot to say on the matter.
Firstly, Wernick claims most people today have either neglected to recall or totally forgotten the philosophical purpose which underlined Bitcoin’s creation — namely, that it would be an alternative currency outside the reach of governments and traditional financial institutions. He explained:
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.
A “well-known cryptocurrency expert” has asked for a bet with Berkshire Hathaway that the price of a bitcoin will top the notorious crypto skeptic’s share price by 2023.
Announcing the pending deal on Twitter, William Hill Australia CEO Tom Waterhouse said the unnamed investor wishes to bet 8.5 million AUD (6.3 million USD) — standing to net $ 1.2 billion if proven right. “Have put him in touch with large syndicate — hope he can get set!” Waterhouse added.
Early Bitcoin investors continue to bet on Bitcoin’s potential. For example, angel investor Jeffrey Wernick started investing in the “the currency of the people,” as he calls it, in 2009. Wernick believes that Bitcoin’s formidable power resides in the fact that its value “comes from its ability to solve the biggest problems with fiat money.”
In a recent Business Insider interview, Wernick gives details about why he started to invest in Bitcoin. And he describes how the shift in the relationship between government and people triggered his interest in gold and monetary issues.
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Jim Chanos — an American investment manager and founder of Kynikos Associates, a New York City-registered investment advisor focused on short selling — claims fiat currencies could bring the world down. However, he also claims that Bitcoin is “the last thing” he’d want to own in the event of a catastrophe.
In an interview with the New York City-based nonprofit think tank The Institute for New Economic Thinking, nocoiner Jim Chanos didn’t shy away from his negative opinions on Bitcoin and other cryptocurrencies.
Lydian Announces New Investment from Prolific Blockchain Investor, Chris Rouland and announcement of new advisors.
On February 10th, Lydian announced it has obtained a new investment and add two new advisors to its advisory board. Chris Rouland, a serial entrepreneur the founder of Endgame, Bastille Networks and most recently Phosphorus, a prolific blockchain investor, veteran in information security, and holder of a dozen patents related to Cyber Security, has joined Lydian as an investor and advisor. Ageesen Sri, a popular figure in the cryptocurrency community having over six years of experience in the cryptocurrency/blockchain ecosystem has also become a part of the Lydian team.
SINGAPORE, 2 FEB 2018 – Selected for Investors Award out of 16 other ICOs, the world’s first Blockchain & A.I. driven marketplace from dating, courtship to marriage, Viola.AI celebrates the 3rd place win at the biggest ICO Pitching Competition at Cayman Islands on 30 January 2018, organized by d10e, the leading conference on decentralization.
The judging of the pitching competition is based on 5 criteria – (1) Business model & scalability, (2) Team, (3) Investor terms and liquidity, (4) Solution of the problem, (5) Token model/token and proceeds distribution. CEO and Co-Founder of Viola.AI, Violet Lim took the stage and delivered her pitch before a panel of judges from the Blockchain Investors Consortium.
Facebook early investor and PayPal co-founder Peter Thiel bought millions of dollars’ worth of Bitcoin through his VC firm, Founders Fund, and that number is cited to be worth hundreds of millions today.
Peter Thiel runs the Founders Fund, a venture capitalist firm. Reports are showing that the firm purchased somewhere between $ 15 and 20 million dollars’ worth of the Bitcoin throughout 2017, and thanks to the massive price surge that investment is now worth hundreds of millions of dollars.
Legendary tech investor Roger McNamee believes that 2018 could be a decisive year for Bitcoin, allowing it to become fully legitimate in the eyes of the financial world.
While a number of financial analysts are bullish on Bitcoin, many others are still quite hesitant on the eventual fate of the cryptocurrency. Such doubters point to the crypto’s ongoing volatility and the number of major drops in value over the last year. However, tech investor Roger McNamee believes that the upcoming year could be a turning point for Bitcoin. In fact, he believes it’s quite possible that Bitcoin could become fully legitimate in the eyes of the business world.
