The changing distribution of open interest is “wildly bullish,” one crypto fund manager says as John Bollinger says the price rally is “picture perfect.” Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price. In a tweet on Aug. 18, the derivatives trader […]
Continue Reading
The crypto rally of 2020 is not the biggest reason for 21Shares’ growth. 21Shares, formerly known as Amun, now has $100 million in assets under management, or AUM, posting major growth in 2020. Hany Rashwan, CEO of 21Shares, told Cointelegraph on Aug. 17 that AUM volumes spiked about 164% this year, up from just $39 […]
Continue Reading
Robinhood has secured an additional $200M in funding in a Series G funding round, bringing its total valuation to $11.2B. Stock and crypto trading app Robinhood has raised $200 million in a new funding round. In an Aug. 17 blog post, Robinhood said it had secured $200 million in a Series G funding round. Robinhood […]
Continue Reading
The Texas State Securities Board and Alabama Securities Commission issued cease and desist orders in response to a crypto debit card scam. Authorities in Texas and Alabama have issued emergency cease and desist orders to South African companies promoting a cryptocurrency credit card scheme. According to an Aug. 14 announcement from The Texas State Securities […]
Continue Reading
As Bitcoin reaches a new yearly high of $12,470, its market cap is now greater than Bank of America’s and New Zealand’s fiat currency. As Bitcoin gets more support from first-time investors, its market capitalization has risen past Bank of America’s market valuation, and put it within striking distance of PayPal’s. According to AssetDash data […]
Continue Reading
Two Bulgarian nationals have been charged with the theft of nearly $1.5M in electricity used to illegally operate crypto mining farms. Bulgarian authorities have arrested two men for illegally siphoning off more than $1.5 million in electricity to operate two crypto mining farms. According to an Aug. 14 report from Bulgaria Today, two men have […]
Continue Reading
But that’s still less than it raised in 2018. Pantera Capital, a crypto investment firm that has $600 million under management, had a very good year, but still not as good as 2018. According to a recent SEC disclosure, Pantera Venture Fund III has raised $164,705,834 to date — and a whopping $68,841,379 of that […]
Continue Reading
The trillion dollar bailout will not end well. Investor Jim Rogers, chairman of Rogers Holdings, recently warned in an interview that recent central bank bailouts will bring about the worst economic meltdown in his lifetime. Central banks globally are printing trillions of dollars in an effort to help countries stimulate their respective economies. Although the […]
Continue Reading
Have the Winklevoss twins created a monster? Following his recent educational foray into the world of Blockchain, Barstool Sports founder Dave Portnoy now appears to be promoting crypto pump and dump schemes by shilling low-cap altcoins. Posting a number of videos on Twitter, Portnoy stated that he had found a new altcoin “that I’m interested […]
Continue Reading
Bitcoin’s strong move above the $12,200 resistance could boost sentiment and lead to a stronger rally in select altcoins. Investors usually buy large quantities of gold when they do not have faith in fiat currencies and want to protect their purchasing power against debasement. Berkshire Hathaway’s recent purchase of Canadian gold miner Barrick Gold suggests […]
Continue Reading