Galaxy Digital’s Michael Novogratz says the turmoil across the U.S. and the continuing pandemic will push Bitcoin above $10,000; “$BTC...
A new survey by The Economist Intelligence Unit and Crypto.com says that adoption and awareness of digital currencies is increasing...
The company has raised the money from investors which includes Draper Esprit Plc; Ledger sells USB keys that allow for secure storage of cryptocurrencies; funds will be used to expand the team and on research and development; they plan to sell between 3 and 6 million hardware wallets in 2018 and have sold about a million so far; total revenue in 2017 was $56 million; Ledger has offices in Paris and San Francisco. Source
Tim Draper was an early investor in the internet and is also a big believer in blockchain technology; in an interview on Fast Money he shares that he believes that crypto will be a main payment method in just five years and that none of us will be using fiat currency; Draper is known for purchasing 30,000 bitcoins in a 2014 US Marshals Service Auction and has said he still holds all of those coins. Source
Lloyd’s Banking Group and Virgin Money recently banned customers from using their credit cards to buy cryptocurrencies; customers will still be able to use their debit cards to buy cryptocurrencies but for fear they could go into debt they do not want credit cards being used; other card issuers like Barclays and Mastercard say they are reviewing the crypto space but no decisions have been made. Source.
All the market drama surrounding plunging cryptocurrency values in 2018 took the focus off of the real progress blockchain technology made...
In his weekly Forbes column, Ron Shevlin looks at the increase in trading volume of the major cryptocurrencies in 2020;...
The Wall Street Journal is reporting that Founders Fund has amasses hundreds of millions of dollars or bitcoin recently; the fund started with about $10mn to $15mn worth of bitcoin and has since seen that initial investment skyrocket; while many traditional wall street names have yet to buy into bitcoin the move by Mr. Thiel and his fund point to their confidence in the currency; during an interview in October Mr. Thiel was reported to say, “While I’m skeptical of most of them, I do think people are a little bit underestimating bitcoin, specifically, because it is like a reserve form of money.” Source.
According to crypto analytics firm Chainalysis there was more than $4bn stolen from investors in 2019, which counts as the...
Hu Liang, former director at State Street Bank and Trust's Emerging Technologies Center, tells CoinDesk he is building "the first large-scale institutional infrastructure specifically targeted towards crypto assets"; the company will be an infrastructure platform to provide software and hardware to connect with institutional order and execution management systems; he is looking to eliminate large buyers of cryptocurrencies having to create on the fly technology solutions to make their orders; Liang tells CoinDesk, "I am building a traditional financial services application that can serve the needs of anybody looking to be involved in crypto assets, whether that's holding it for the long term, whether that's trading it for the short term, whether that's transforming it or using it for a rail for something else." Source