Tag Archives: blockchain

Bitcoin Spikes 5% to $4,100 in Just 2 Hours, Analyst Says Market Turning Bullish

Bitcoin Spikes 5% to $4,100 in Just 2 Hours, Analyst Says Market Turning Bullish

Within less than two hours, the Bitcoin price surged from $3,920 to $4,137 by more than 5 percent against the U.S. dollar. The Bitcoin price surged above $4,100. The abrupt and strong performance of the dominant cryptocurrency fueled other major crypto assets in the likes of EOS, Ethereum, and Litecoin to record large gains in the range of 4 to 7 […]

University of Michigan Endowment Ups Investment in Andreessen Horowitz Crypto Venture Fund

University of Michigan Endowment Ups Investment in Andreessen Horowitz Crypto Venture Fund

The University of Michigan’s $12 billion endowment plans to bolster its investment in a “cryptonetwork technology fund” (CNK Fund I) managed by American venture capital firm Andreessen Horowitz. The development was revealed in the agenda for the university’s Board of Regents meeting on Feb. 21. According to the document, the endowment had already committed $3 million to CNK Fund I in June 2018 […]

Put Your Money On Crypto for the Long-Term, Says Major Wealth Manager for Pensions

Put Your Money On Crypto for the Long-Term, Says Major Wealth Manager for Pensions

t’s time institutional whales put their money into cryptocurrency according to major investment management firm Cambridge Associates. IT’S TIME TO ‘BEGIN EXPLORING’ SAYS CAMBRIDGE ASSOCIATES The Boston-based consultancy only advises major institutions who manage more than $300 billion worth of clients’ assets. Cambridge was quoted in Bloomberg on Monday as saying: “Despite the challenges, we believe that […]

Tim Draper Predicts Crypto Will Rule, Only Criminals Will Use Cash in Five Years

Tim Draper Predicts Crypto Will Rule, Only Criminals Will Use Cash in Five Years

Billionaire investor and known Bitcoin (BTC) bull Tim Draper argued that in five years, only criminals will use fiat as crypto becomes universally widespread. Draper made his claims in an interview with American financial news tv channel Fox Business released on Feb. 18. Reiterating his previous statements predicting that fiat money will become laughable and obsolete in five years, Draper has elaborated on his forecast, stating […]

Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture

Most Cryptos See Gentle Green Amid Exceedingly Calm Market Picture

Saturday, Feb. 16: Cryptocurrencies are seeing mild price action, with virtually all of the top 20 coins by market cap seeing fluctuations of within 2 percent in both directions on the day, as data from Coin360 shows. Market visualization by Coin360 Top cryptocurrency Bitcoin (BTC) has seen fractional 0.37 percent growth on the day and is trading at […]

Blockchain Analysis Ties 5 Bitcoin Addresses to QuadrigaCX Exchange

Blockchain Analysis Ties 5 Bitcoin Addresses to QuadrigaCX Exchange

Blockchain watchers have identified a group of bitcoin addresses that likely belong to one of the so-called cold wallets of failed crypto exchange QuadrigaCX. The discovery is notable in light of QuadrigaCX’s claim that it has been unable to access these wallets – which held the lion’s share of the $190 million owed to customers – since […]

Barclays, Ripple Back $1.7 Million Round for Remittance Firm Using XRP

Barclays, Ripple Back $1.7 Million Round for Remittance Firm Using XRP

Ripple, Barclays and other investors have backed a $1.7 million round for SendFriend, a new remittance startup that will use the XRP cryptocurrency to move funds internationally. Announcing the news on Monday, the New York-based firm said the Mastercard Foundation, MIT Media Lab, Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal Capital also participated in the round. […]

Abra’s Blockchain App to Let Users Make Small Stock, ETF Investments

Abra’s Blockchain App to Let Users Make Small Stock, ETF Investments

U.S.-based crypto startup Abra is adding a new feature to its blockchain-based app that will allow global users to buy portions of traditional investment instruments. Announcing the news on Wednesday, Abra said the app will utilize the bitcoin blockchain and smart contracts technologies to support fractional investments in stocks, exchange-traded funds (ETFs). The app already […]