Tag Archives: BTC

Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

Crypto Hedge Fund Manager Disputes Augur Metrics of $2 Mln, Claims Only $100,000 at Stake

Blockchain-based prediction market Augur is reportedly significantly overestimating its usage, a founding partner of cryptocurrency hedge fund Tetras Capital claimed on social media on Jan. 10. The latest criticism of the project, Alex Sunnarborg took Augur to task following publication of its most recent weekly report showing the amount of money circulating within its markets. Specifically, the report claims around $2 million is […]

UK Crypto Exchange Coinfloor to Launch Trading of Physically Delivered Bitcoin Futures

UK Crypto Exchange Coinfloor to Launch Trading of Physically Delivered Bitcoin Futures

CoinfloorEX, a unit of the United Kingdom cryptocurrency exchange Coinfloor, has been reorganized to offer trading of physical Bitcoin futures on the Asian market. The CEO of the company has revealed this in an interview with Bloomberg on Monday, Jan. 7. The rebranded CoinFLEX — short for Coin Futures and Lending Exchange — is reportedly owned by a consortium that includes Roger Ver, […]

Litecoin (LTC) Surges Another 11% to Overtake Stellar (XLM) for 6th Place

Litecoin (LTC) Surges Another 11% to Overtake Stellar (XLM) for 6th Place

On Sunday (January 6th), Litecoin (LTC) surged over 11%, in the process overtaking Stellar Lumens (XLM) to become the sixth most valuable cryptocurrency (by market cap). At press time (18:00 UTC), according to CryptoCompare, Litecoin is trading at $39.73 for a $2.38 billion market cap, while Stellar Lumens is trading at 0.1208 for a $2.31 billion market cap. […]

Bitcoin Drops to $3,800 as Analyst Points to Incoming Institutional Investor Inflows

Bitcoin Drops to $3,800 as Analyst Points to Incoming Institutional Investor Inflows

Bitcoin, the number one cryptocurrency by market cap is on its way to close its 10th consecutive session below the $4,000 mark, which has been seemingly acting as a resistance since December 28. According to CryptoCompare data, BTC is currently trading at roughly $3,800 after falling 0.65% in the last 24-hour period. Remaining below the $4,000 […]

Bitcoin Price Analysis: BTC Bullish Above $3,700, Overstock Path Paving

Bitcoin Price Analysis: BTC Bullish Above $3,700, Overstock Path Paving

Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin […]

Mike Novogratz Ups Stake in Galaxy Digital to Own Almost 80% of Shares

Mike Novogratz Ups Stake in Galaxy Digital to Own Almost 80% of Shares

Ex-Goldman Sachs partner Mike Novogratz has increased his shares of Galaxy Digital, the crypto-focused merchant bank he founded, Bloomberg reports on Jan. 2. Novogratz, who also serves as chief executive officer of the bank, now reportedly owns 221.2 million ordinary shares — which represents about 79.3% of ordinary shares assuming their conversion. Previously, he reportedly “beneficially owned 213.7 million Class […]

Analyst: How Bitcoin Could Breach $100K As Better Store of Value Than Gold

Analyst: How Bitcoin Could Breach $100K As Better Store of Value Than Gold

For many average Joes, Bitcoin’s use case is viewed as nebulous, a concept squirreled off in the ether by crypto’s pundits. Yet, a leading investor took to Bloomberg to accentuate that Bitcoin (BTC) is fundamentally a store of value (SOV), and one that is even better than gold, the de-facto king of investments for millennia. Bitcoin Is Fundamentally […]

Bitcoin Is Trading at Strong Correlation With Gold, WSJ Claims

Bitcoin Is Trading at Strong Correlation With Gold, WSJ Claims

There’s now a strong correlation between traditional asset markets and bitcoin (BTC), the flagship cryptocurrency, according to an article recently published on the Wall Street Journal (WSJ). Referencing data from research and analytics firm Excalibur Pro Inc., the WSJ noted that over the past five days, bitcoin has been trading at a 0.84 correlation to the gold bullion. […]

Bitcoin May Breach $333,000 By 2023: Why This Prediction Isn’t Crazy

Bitcoin May Breach $333,000 By 2023: Why This Prediction Isn’t Crazy

There’s no denying it, the crypto industry is known for its eccentric individuals, statements, and startups. John McAfee, for example, promised to consume his family jewels if Bitcoin (BTC) doesn’t reach $1 million apiece by 2020’s end. While McAfee’s call is by far the most bizarre, especially what he wagered, he isn’t the only industry insider […]