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”
Goldman Sachs
BitGo Given Green Light on Cryptocurrency Custody
Author Ian CooperPosted on Categories Banking, Bitcoin, Blockchain, Business, Cryptocurrency, EthereumLeave a comment on BitGo Given Green Light on Cryptocurrency CustodyBitGo 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”
Cryptocurrencies: Key Reasons Why Institutions aren’t Investing Yet
Author Ian CooperPosted on Categories Bitcoin, Blockchain, Business, CryptocurrencyLeave a comment on Cryptocurrencies: Key Reasons Why Institutions aren’t Investing YetTrust is a major stumbling block for institutions when it comes to cryptocurrency. After all, holding virtual currencies in an exchange on the other side of the world can often be risky. That’s especially true with constant reports of hacked exchanges. However, there’s some hope that can be overcome, especially if Goldman Sachs pushes forward … Continue reading “Cryptocurrencies: Key Reasons Why Institutions aren’t Investing Yet”
Warren Buffett on Cryptocurrency: Why he May be Wrong
Author Ian CooperPosted on Categories Altcoin, Bitcoin, Business, CryptocurrencyLeave a comment on Warren Buffett on Cryptocurrency: Why he May be WrongNot 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”
Blockchain Startup Veem Closes Funding Round Led by Goldman Sachs
Author Ian CooperPosted on Categories Altcoin, Blockchain, Business, CryptocurrencyLeave a comment on Blockchain Startup Veem Closes Funding Round Led by Goldman SachsVeem, a blockchain payment startup, recently closed a $25 million funding round. Goldman Sachs led the funding round as per the company’s announcement on Wednesday. About Veem Veem was rebranded from Align Commerce. Investors include Silicon Valley Bank, GV (formerly Google Ventures), Kleiner Perkin,s and Pantera Capital. These companies participated in the new strategic round. … Continue reading “Blockchain Startup Veem Closes Funding Round Led by Goldman Sachs”
Big News: ICE Bakkt Reveals Physical Crypto Futures Product
Author Ian CooperPosted on Categories Business, Crypto Exchanges, Cryptocurrency, ETF, GeneralLeave a comment on Big News: ICE Bakkt Reveals Physical Crypto Futures ProductCryptocurrencies 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”
Four Reasons to Like Stellar (XLM) for Years to Come
Author Ian CooperPosted on Categories Altcoin, Banking, Business, CryptocurrencyLeave a comment on Four Reasons to Like Stellar (XLM) for Years to ComeOver the last week, Stellar (XLM) broke well above its 50-day moving average. In doing so, it hit a two-month high of $0.3032 from a low of $0.1903. From here, if Stellar can push higher, we could see a potential test of a July 2018 high of $0.3477. Reasons to Like Stellar at Current Prices … Continue reading “Four Reasons to Like Stellar (XLM) for Years to Come”
Novogratz: Impossible for Bitcoin Not to Rebound to $8,800 to $10,000
Author Ian CooperPosted on Categories Bitcoin, Blockchain, Business, CryptocurrencyLeave a comment on Novogratz: Impossible for Bitcoin Not to Rebound to $8,800 to $10,000Billionaires 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
Author Ian CooperPosted on Categories Blockchain, Business, CryptocurrencyLeave a comment on Fidelity Investments CEO Now Hinting at Cryptocurrency ProductsAs 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”
Three Reasons to be a Cryptocurrency Bull Now
Author Ian CooperPosted on Categories Altcoin, Bitcoin, Business, Cryptocurrency, EthereumLeave a comment on Three Reasons to be a Cryptocurrency Bull NowThings 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”
