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In a filing registered with the U.S. Securities and Exchange Commission (SEC), the giant global investment firm Skybridge Capital explained that the fund Skybridge G II may invest in digital currencies like bitcoin. On November 13, the New York-based company with $7.7 billion assets under management (AUM) told the U.S. regulator that Skybridge investment funds … Read more
Hedge fund manager Brian Kelly says the surging number of institutional investors owning bitcoin is down to the digital currency’s core value proposition- a fixed coin supply. On the other hand, the same institutional investor interest is helping to build confidence in the top cryptocurrency while taking away some of the perceived risks. Bitcoin Value … Read more
The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of BTC dominance. According to a … Read more
Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In a report, the exchange says it observed a “noticeable uptick in institutional business’s growth” in … Read more
Galaxy Digital chairman Michael Novogratz said that bitcoin is his pick under the current financial situation, describing it as an “amazing environment” to buy bitcoin. With “global money printing orgy,” a possible another trillion-dollar stimulus package, and “money growing on trees,” Novogratz said this is the year for bitcoin. Also read: IMF Declares Global Recession, … Read more
Bityard, the world’s leading digital contract trading platform, has officially launched. According to industry authoritative sources, Bityard has received a strategic investment from a US hedge fund worth 10 million dollars, creating a precedent in the industry for complex contracts and simple transactions. The post Bityard Has Now Officially Launched – Register now and earn … Read more
Tokenization continues to proliferate in 2019, with notable director Wesley Snipes launching an STO to fund his future work. So, how does tokenization work and can it really disrupt the film industry? Go to Source Powered by WPeMatico
Epoch Partners launched the retail public offering for a new hedge fund in Japan this week that will focus on cryptocurrencies and digital assets. Subscriptions for the offering, which opened on Oct. 15, have been capped at 100 billion yen ($892 million). Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is a … Read more
There’s a tendency, societally, to place self-appointed experts on a pedestal. If a professional’s job title is impressive enough, and their resumé suitably polished, they are liable to be lauded, with their every sound bite liable to be quoted and turned into an opinion piece. In the world of cryptocurrency, this phenomenon can be observed … Read more
Galaxy Digital, one of the earliest and largest cryptocurrency merchant banks in the space, founded by billionaire Mike Novogratz, posted first quarter earnings. Published accounts suggest the firm has lost $134 million due to a combination of an extended bear market and the usual course of starting a large company. Many analysts wonder aloud what … Read more
