$2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’

Cryptocurrency hedge funds’ assets under management have been increasing significantly, rising to more than $2 billion at the end of last year, according to a recent survey. The crypto hedge fund industry is expected to “grow significantly” along with the price of bitcoin. Hedge Funds’ AUMs Doubled in 2019 Cryptocurrency hedge funds’ assets under management… Continue reading $2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC ) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC , down 54% from… Continue reading Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz

[youtube https://www.youtube.com/watch?v=GYoegTF5Qks&w=560&h=349] Bitcoin (BTC ) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable in light of the record money… Continue reading Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz

Buying Corporate Bonds and ETFs: US Federal Reserve Continues to Bailout ‘Too Big to Fail’

The U.S. Federal Reserve has continued its schemes of monetary easing and funding a number of private banks during the Covid-19 outbreak. On Monday evening, the Fed revealed it would be buying corporate bonds and exchange-traded funds using the entity’s Secondary Market Corporate Credit Facility (SMCCF). Additionally, financial analysts from Wall Street on Parade have… Continue reading Buying Corporate Bonds and ETFs: US Federal Reserve Continues to Bailout ‘Too Big to Fail’

Billionaire VC Says US Dollar Is Caught in “Deflationary Spiral” As BTC Approaches $9,000

The crypto markets are now in the green, following the uncertainty leading up to the Bitcoin halving. However, ever since the Bitcoin mining reward was cut in half, Bitcoin has been slowly approaching $9,000. Now, one billionaire VC argues this comes as the US dollar is stuck in a “deflationary spiral”. Cryptos are in the… Continue reading Billionaire VC Says US Dollar Is Caught in “Deflationary Spiral” As BTC Approaches $9,000

Bullish for Bitcoin: Federal Reserve branch researches “controlled rise of inflation”

On Monday, the latest Bitcoin block reward halving finally arrived , decreasing the inflation rate of the BTC monetary base by 50 percent to ~1.6 percent — under the target inflation rate of fiat currencies and under the growth of the above-ground supply of gold. It’s fitting, then, that around the time of the block… Continue reading Bullish for Bitcoin: Federal Reserve branch researches “controlled rise of inflation”

Here’s why JPMorgan banking for crypto exchanges is a big deal for Bitcoin

News broke today that banking giant JPMorgan would be extending banking services to two of the world’s most prominent crypto exchanges. This is significant news considering that the bank’s CEO previously called Bitcoin a “fraud.” One billionaire investor is now explaining that this news is significant, as it acts as a validation of the role… Continue reading Here’s why JPMorgan banking for crypto exchanges is a big deal for Bitcoin

Bitcoin Cash Upgrade 3 Days Away – New Opcode Support, Chain Limit Extension, Sigchecks

On May 15, the Bitcoin Cash (BCH ) blockchain will be upgraded and there will be at least three new features added to the longest chain. The upgrade in three days is being discussed fervently by the community, because it follows the recent and controversial Infrastructure Funding Proposal (IFP). Bitcoin Cash to Upgrade In Three… Continue reading Bitcoin Cash Upgrade 3 Days Away – New Opcode Support, Chain Limit Extension, Sigchecks

Chainlink now ensures “truly random” winnings for DAI-based savings game PoolTogether

Users of online betting and savings games always have a question — are winners truly picked on random and if they are “real” persons. When pool winnings company PoolTogether was faced with this conundrum, they turned to Chainlink’s protocol for help. Randomness is now ensured On May 12, Chainlink confirmed the addition of the Verifiable… Continue reading Chainlink now ensures “truly random” winnings for DAI-based savings game PoolTogether

64% of Bitcoin holders worry about a 51% Attack — here’s why you shouldn’t worry

Could an attack on Bitcoin be imminent? 65 percent of Bitcoin owners are convinced that a 51% Attack is a legitimate concern for the Bitcoin community and its investors, according to our new report on the “State of Crypto Mining.” But is there really a threat, or is that fear more sci-fi than reality? To… Continue reading 64% of Bitcoin holders worry about a 51% Attack — here’s why you shouldn’t worry