How Coinbase and Binance Still Expect to Post Billions in Revenue

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Cryptocurrencies may not have had an exemplary year. But exchanges did.  In fact, major exchanges continue to rake in billions in revenue, despite depressed cryptocurrency prices. Coinbase Expects to Post $1.3 Billion in Revenue For 2018, the United States’ biggest cryptocurrency exchange expects to produce revenue of $1.3 billion, according to Bloomberg. On top of that, … Continue reading “How Coinbase and Binance Still Expect to Post Billions in Revenue”

Michael Novogratz Explains Why 2019 will be a Big Year for Cryptocurrencies

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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 “Michael Novogratz Explains Why 2019 will be a Big Year for Cryptocurrencies”

Michael Novogratz: Bitcoin Won’t Top $9k this Year

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Michael Novogratz doesn’t see Bitcoin breaking out of its current slump. Granted, at one time, he was quite bullish. “Ten percent of my net worth is in this space. It’s the ‘best investment of my life,’” he once said, as quoted by Coin Telegraph. “The Nasdaq got to $5.4 trillion in 1999, why couldn’t it … Continue reading “Michael Novogratz: Bitcoin Won’t Top $9k this Year”

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”

Warren Buffett on Cryptocurrency: Why he May be Wrong

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Not everyone is a cryptocurrency bull. Warren Buffett and Charlie Munger still believe Bitcoin is a mirage and a “scum ball activity.” Buffett once went on to say it’s “probably rat poison squared.” Munger went on to say the thought of owning cryptocurrencies was just “dementia.” But analysts just pass that off as a generational … Continue reading “Warren Buffett on Cryptocurrency: Why he May be Wrong”

Big News: ICE Bakkt Reveals Physical Crypto Futures Product

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Cryptocurrencies got another big shot in the arm.  In fact, the Intercontinental Exchange (ICE) just announced its Bakkt platform’s first offering will be physical Bitcoin futures. According to a Bakkt tweet “Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR. For example, buying one USD/BTC futures contract … Continue reading “Big News: ICE Bakkt Reveals Physical Crypto Futures Product”

Novogratz: Impossible for Bitcoin Not to Rebound to $8,800 to $10,000

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Billionaires have been jumping on the Bitcoin (BTC) bandwagon for quite some time. Months ago, Michael Novogratz said the industry could 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 said at one time.  “The Nasdaq got to $5.4 trillion … Continue reading “Novogratz: Impossible for Bitcoin Not to Rebound to $8,800 to $10,000”

Fidelity Investments CEO Now Hinting at Cryptocurrency Products

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As cryptocurrency becomes mainstream, institutions are jumping on the bandwagon.  That now includes Fidelity Investments. In fact, over the last few days, some of the top banks have made announcements Morgan Stanley is creating a derivatives product that will give traders “synthetic exposure” to the price of Bitcoin, for example. Goldman Sachs is creating a … Continue reading “Fidelity Investments CEO Now Hinting at Cryptocurrency Products”

Billionaire Calls Bottom in Cryptocurrencies

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Galaxy Digital CEO and billionaire, Michael Novogratz says cryptocurrency prices have bottomed. That’s music to the ears of traders that watched as Bitcoin and Ethereum crashed to earth. “I think we put in a low yesterday,” Novogratz said, as quoted by CNBC He also noted the Bloomberg Galaxy Crypto index, which measures the performance of … Continue reading “Billionaire Calls Bottom in Cryptocurrencies”

One of America’s Top Banks Jumps on Cryptocurrency Bandwagon

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Another one of the world’s biggest investment banks is developing a cryptocurrency product. Morgan Stanley offers Synthetic Exposure Morgan Stanley is creating a derivatives product that will give traders “synthetic exposure” to the price of Bitcoin. “The U.S. bank will deal in contracts that give investors synthetic exposure to the performance of Bitcoin, said the … Continue reading “One of America’s Top Banks Jumps on Cryptocurrency Bandwagon”