Cryptocurrencies: What to Watch for in 2019

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2018 was a terrible year for cryptocurrencies. One-time high-fliers like Bitcoin (BTC) slipped from lofty valuations near $20,000 to less than $4,000 in months. And while many investors have abandoned the space, there are still signs of solid growth and upside ahead. One, we’re watching for Institutional Interest One thing we have our eye on … Continue reading “Cryptocurrencies: What to Watch for in 2019”

Galaxy Digital CEO Novogratz Predicts $20,000 Bitcoin in 2019

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Billionaire Michael Novogratz has been bullish on cryptocurrencies for quite some time. Not long ago, he said the market would be worth $5 trillion by 2021. “Ten percent of my net worth is in this space. It’s the ‘best investment of my life,’” he says, as quoted by Coin Telegraph. “The Nasdaq got to $5.4 … Continue reading “Galaxy Digital CEO Novogratz Predicts $20,000 Bitcoin in 2019”

Fidelity, BitGo, Bakkt Will Boost Cryptocurrencies in 2019

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Galaxy Digital’s Michael Novogratz believes that the crypto market is set to go on another bull run in 2019. Solutions from Fidelity Investments, BitGo and Bakkt will undoubtedly aid this growth. This comes after a turbulent year for the sector which saw a lot of downward price movement. He believes that the increasing number of … Continue reading “Fidelity, BitGo, Bakkt Will Boost Cryptocurrencies in 2019”

Cryptocurrency Investing: What’s Ahead for New Year 2019

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The cryptocurrency market is constantly evolving. Every year there are significant investing changes and this doesn’t look like stopping any time soon. Last year, there was an exponential increase in the values of cryptocurrencies, as well as their adoption in the mainstream world. More people know about cryptocurrencies than ever before.  While 2018 was a … Continue reading “Cryptocurrency Investing: What’s Ahead for New Year 2019”

Cryptocurrency Week in Review: Fidelity and Goldman Jump into Custody

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Cryptocurrency has certainly been a volatile beast. But it appears things are only improving, as major banks jump into crypto-custody, and perhaps attract further institutional interest. Here’s what happened over the last week. Cryptocurrency: Fidelity Announced its Fidelity Digital Asset Services The new company will offer custody and trade execution for digital assets.  All in an effort … Continue reading “Cryptocurrency Week in Review: Fidelity and Goldman Jump into Custody”

Michael Novogratz and Goldman Sachs Invest in BitGo

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Just this week, Michael Novogratz and Goldman Sachs announced they’re investing in BitGo. Reportedly, both invested about $15 million into BitGo’s Series B funding round. According to CEO Mike Belshe “This strategic investment from Goldman Sachs and Galaxy Digital Ventures validates both our market opportunity and unique position. No one is better positioned than BitGo … Continue reading “Michael Novogratz and Goldman Sachs Invest in BitGo”

BitGo Given Green Light on Cryptocurrency Custody

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BitGo got the go-ahead from the South Dakota Division of Banking to act as a custodian for digital assets. Custody has been the missing piece of cryptocurrency market infrastructure and this gap has kept institutional investors out of the market,” said Mike Belshe, CEO, BitGo. “Traditional custodians don’t have experience handling cryptocurrency. Exchanges that double … Continue reading “BitGo Given Green Light on Cryptocurrency Custody”

BitGo: Securing the Trillion Dollar Wallet

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Blockchain security provider, BitGo announced that the largest crypto wallets under its management are now close to $1 billion. BitGo and the Trillion Dollar Wallet The CEO of BitGo, Mike Belshe, looks forward to the next milestone. He will present a talk at the Stanford University entitled “Securing the Trillion Dollar Wallet,” next month. Therefore, … Continue reading “BitGo: Securing the Trillion Dollar Wallet”

Three Reasons to be a Cryptocurrency Bull Now

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Things may not appear all that great for a cryptocurrency bull at moment. Former high-fliers now appear to be nothing more than duds, like Ethereum and XRP. But don’t let that scare you away from the market. There are reasons to be a bull, long-term For one, it’s essential to know that cryptocurrencies in its … Continue reading “Three Reasons to be a Cryptocurrency Bull Now”

Institutions: BitGo Gets Approval to become Cryptocurrency Custodian

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The issue of custody, or how to safely store cryptocurrency has been a matter of contention for institutions.  In fact, its prevented quicker adoption. But that may soon change To help solve the trust issue, companies are rushing to build custody solutions. For institutional investors that are used to having money safely stored or FDIC … Continue reading “Institutions: BitGo Gets Approval to become Cryptocurrency Custodian”