Tag Archives: cryptocurrency

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 […]

Winklevoss Twins: Bitcoin (BTC) Will Surpass Gold’s $7 Trillion Market Cap

Winklevoss Twins: Bitcoin (BTC) Will Surpass Gold’s $7 Trillion Market Cap

After a 3-year hiatus, Cameron and Tyler Winklevoss, the founders of Gemini Trust, a New York-based digital currency exchange and custodian, took to Reddit to field questions in an official “Ask Me Anything” (AMA). Cameron Winklevoss ✔@winklevoss It’s been 3 years since my last #RedditAMA w/ @tylerwinklevoss! Come join us in 10 minutes (at 1pm ET) and ask us anything! https://www.reddit.com/r/IAmA/comments/adk0ua/we_are_cameron_and_tyler_winklevoss_cofounders_of/ … […]

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 […]

HitBTC Account Freezes in Spotlight as Trace Mayer, John McAfee Claim Foul Play

HitBTC Account Freezes in Spotlight as Trace Mayer, John McAfee Claim Foul Play

Cryptocurrency exchange HitBTC has yet to respond to accusations it deliberately froze account withdrawals on Jan. 1, days prior to entrepreneur Trace Mayer’s Proof of Keys event. In a series of tweets, Mayer joined names such as crypto advocate John McAfee in voicing concern and even suspicion about HitBTC after users reported being unable to withdraw their funds. On both Twitter and Reddit, users acknowledged that the practice […]

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 […]