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”

Five Key Tips all Cryptocurrency Investors Should Know

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2018 didn’t exactly go exactly as planned for cryptocurrency investors. Many of us watched as our investments sank by more than 80% in some cases.  But much like previous bear markets, this too shall pass.  In fact, many investors (72% according to a Shares Post survey) plan to buy even more over the next 12 … Continue reading “Five Key Tips all Cryptocurrency Investors Should Know”

Nvidia Stock Drop Not to be Blamed on Crypto Bear Market

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Over the last couple of months, many companies in the crypto space closed shop while others suffered huge losses. The bear market seems to be the scapegoat for most organizations such as Nvidia. These companies claim that the decrease in cryptocurrency activities caused them to lose more than they anticipated.  While this might be true … Continue reading “Nvidia Stock Drop Not to be Blamed on Crypto Bear Market”

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”

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”

How Warren Buffett Would Trade Cryptocurrency Panic

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Warren Buffett may not be a fan of cryptocurrencies. In fact, he 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 said the thought of owning cryptocurrencies was just “dementia.” However, we can still use the Buffett principles … Continue reading “How Warren Buffett Would Trade Cryptocurrency Panic”

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”

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”

Gary Cohn Blockchain: Ex-Goldman Sachs President Joins Spring Labs Startup

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Former Goldman Sachs President Gary Cohn just unveiled his next move – Blockchain. Gary Cohn Joins Advisory Board for DLT startup, Spring Labs At the moment, the startup is working on a blockchain solution to decentralize identity and credit information.  What they want to do is create secure and efficient options to that of Equifax, … Continue reading “Gary Cohn Blockchain: Ex-Goldman Sachs President Joins Spring Labs Startup”