An SEC lawsuit against the alleged operators of a fraudulent ICO has been halted amid parallel investigation concerns. Prosecutors have paused a United States Securities and Exchange Commission (SEC) lawsuit against the alleged operators of a $30 million fraudulent ICO amid concerns that proceedings may impact the integrity of a parallel investigation into the defendants. […]
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Bitcoin price could see a rally to $8,000 following the breakout to $7,000, but a potential selloff in stocks could put BTC at risk of revisiting new lows. The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the […]
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In a letter to Investors, CEO Dan Morehead played down concerns about COVID-19’s impact on the crypto market and said he was bullish on BTC. Pantera Capital Founder and CEO Dan Morehead has predicted Bitcoin will “come of age” during the 2020 financial crisis and may top its all time high price within 12 months. […]
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Mt. Gox court cases see no end as creditors continue to wait for their funds, but could another event like Mt. Gox take place given the current market volatility? Mt. Gox’s creditors will meet today, March 25, as part of a compensation process that seems to go on and on. This news comes at a […]
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The infamous hacked Bitcoin exchange Mt. Gox appears to be hosting a new meeting for its creditors tomorrow. In the latest sign of a step forward in a lengthy compensation process, the infamous hacked Bitcoin (BTC) exchange Mt. Gox appears to be hosting a new meeting for its creditors tomorrow, March 25. In an official […]
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A report has found that equity fundraising has dramatically overtaken ICOs as the leading for leading source of capital for blockchain companies. A report published by research firm CB Insights has found that equity funding has dramatically overtaken initial coin offerings (ICOs) as the dominant means of finance in the blockchain space. While the largely […]
Continue ReadingCrypto asset manager Travis Kling has likened Bitcoin to insurance against U.S. monetary policy and hurricanes. Travis Kling, the chief investment officer of crypto investment firm Ikigai Asset Management, has described Bitcoin (BTC) as insurance against both hurricanes and U.S. fiscal policy. On March 20, Kling tweeted that an oncoming hurricane that will soon hit […]
Continue ReadingFollowing last week’s sharp market correction, crypto hedge fund Adaptive Capital announces its closure. Adaptive Capital, a crypto hedge fund, has announced that it will shutter all operations after taking heavy losses during the March 13 crypto market meltdown which saw Bitcoin (BTC) price drop to a 2020 low at $3,775. The fund has now […]
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Major cryptocurrency exchange Bitfinex listed a $280 million cryptocurrency hedge fund. Bitfinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund. The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fund Fulgur Alpha, which is currently worth $280 million dollars. According to […]
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Investment management firm Elliott Management has set up a deal with Twitter to save Jack Dorsey’s role as CEO of the social media network. Investment management firm Elliott Management has set up a deal with Twitter to save Jack Dorsey’s role as CEO of the social media network. Following the deal closure — which considers […]
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