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
Saudi Arabia has reportedly slashed its exposure to Tesla. Part of the SEC’s complaint against Tesla and Elon Musk last year was related to Musk’s claims that Saudi Arabia was backing him in taking the company private. The SEC fined Tesla and Musk separately for $ 20 million each in the debacle. According to the Financial Times, the Saudi Public Investment Fund made a move on January 17th to hedge its investments against expected damage to TSLA stock. They retain their 4.9% holdings in TSLA, but they will not actually lose any money if things go south for TSLA. The arrangement
By CCN.com: Horizon Investments Chief Global Strategist Greg Valliere has described congressional rookie Rep. Alexandria Ocasio-Cortez (D-NY) as a very real concern for the stock market because of her perceived willingness to put the financial industry’s nose to the grindstone as part of her political strategy. Horizon Investments: Watch Out for Ocasio-Cortez Speaking to Yahoo
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With the bitcoin price continuing to hover around $ 3,500 following last week’s sell-off, technical analysts have begun fevered debates about whether the flagship cryptocurrency will see more losses ahead. Crypto brokerage firm BitOoda believes that a further decline is likely but maintains that this will strengthen — not weaken — bitcoin over the long term. Does
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On January 17, Netflix raised its subscription fees by $ 1 to $ 2 following an ambitious decision to invest in a wider range of programs and shows. The move comes after the company decided to increase the yearly compensation of Netflix chief content officer Ted Sarandos to $ 31.5 million, making him one the highest paid producers
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Wall Street strategist Tom Lee, believes the massive sell-off in equities recorded in the U.S. financial markets within the fourth quarter of 2018 is nothing more than a “mid-life” crisis laying the groundwork for even larger gains in the financial market. Speaking in an interview with CNBC’s Fast Money: Half Time Report, Lee noted that … Continued
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CoinDesk profiles Fidelity’s Tom Jessop, who is leading the firm’s effort to link the worlds of digital assets and Wall Street.
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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Following a wild week on Wall Street, the US stock market looks poised to extend its latter-week recovery following the opening bell on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq futures indices all pointing north as of the time of writing. Dow Seeks to Extend Recovery Dow futures had risen 111
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According to new research from the Wall Street Journal, more than 15% of crypto projects raising funds through initial coin offerings (ICOs) have serious red flags that should give investors pause. The investigation, which analyzed the whitepapers of 3,300 cryptocurrency offerings and ICOs launched in 2017 and 2018, found that 513 of them likely committed plagiarism,
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Wall Street is quietly moving out of the crypto market, Bloomberg reports. While the market has continued to be battered by news of fraud and imminent regulatory crackdowns, there was a time when it seemed like Wall Street had started to warm up to the rise of crypto assets. Last year, when the crypto industry enjoyed
The debate over President Trump’s border wall has unveiled new partisan dysfunction in Washington as the United States on Saturday faced its third government shutdown in a year. The partial shutdown, which risks extending into the holidays, presents fresh headaches for Wall Street following the worst weekly selloff in a decade. For cryptocurrency investors, the
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Blythe Masters is stepping down as chief executive officer of Digital Asset Holdings LLC after serving nearly four years to the blockchain software firm. The Wall Street Veteran, known for inventing credit default swaps, asserted via Digital Asset’s press release that she was quitting over personal reasons but will remain involved with the firm as
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The newer HBUS cryptocurrency exchange has taken its message to the streets with a new billboard campaign. According to a blog post by the exchange themselves, they are the first in the nation to do this, and we find nothing to the contrary. However, there have been other Bitcoin-related billboard campaigns, like the one Genesis
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In the latter half of 2018, few developments have occupied crypto investors’ headspaces like the industry’s indefatigable pursuit of a bitcoin exchange traded fund (ETF).
This conversation lay largely dormant since the two brothers’ first attempt was rejected by the U.S. securities regulator in March of 2017. But the Winklevosses reignited the conversation when their second attempt at an ETF was shot down by the U.S. Securities and Exchange Commission (SEC) in July of this year.
For the first time in a decade, Wall Street has donated more money to Democrats than Republicans, in an apparent bet on the future outcome of the upcoming midterm elections. According to data from the Center for Responsive Politics, bankers have joined the securities and investment industries to give more than $ 56.8 million to Democratic congressional candidates, […]
Global business technology provider GFT has announced results of an independent performance test on the Digital Asset (DA) platform showing that the platform can process trading volumes exceeding 27,000 trades per second over a sustained period of time. These results place the platform above peak US equity trading volumes according to the DTCC. Founded in
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As Bitcoin price moves towards the second weekly close of October, we recap what happened during the week and look at the bullish versus bearish case for the number one cryptocurrency.
1 Day chart
Bitcoin price 00 has spent most of October in a tight range oscillating between lows of $ 6400 and highs of $ 6,650 as it continued a slow grind towards the horizontal resistance, which has capped the cryptocurrency’s price since January 2018.
Price action continued to respect this range until Wednesday the 10th where Bitcoin began a sharp decline of around 8% from $ 6,600 which lasted two days, testing yearly support at lows of $ 6,051.
Blockchain innovator and former JPMorgan head of commodities Blythe Masters spoke at the London Metal Exchange annual dinner during the LME Week to say that blockchain is coming to commodity markets to introduce heightened confidentiality, reduce paper waste, and improve provenance and productivity. Masters — who became managing director at JPMorgan at the age of 28
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Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder
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