Category: Investments

SBI looking to set up joint crypto ventures with foreign firms

SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal.

February 15, 2021
Report: Morgan Stanley’s $150 billion arm contemplates Bitcoin investment

Counterpoint Global, a $150 billion unit of multinational investment bank Morgan Stanley, is considering investing in Bitcoin (BTC), knowledgeable sources told Bloomberg today. Morgan Stanley may bet on Bitcoin in $150 billion investment arm, Bloomberg is reporting. In January, Morgan Stanley boosted stake in MicroStrategy to 10.9%. This is all happening faster than I ever…

February 13, 2021
Bitcoin could “easily” reach $100,000 by 2022, says Anthony Scaramucci

Anthony Scaramucci, founder of $9.2 billion hedge fund SkyBridge Capital who also served (albeit briefly) as communications director in the Trump administration, said that Bitcoin (BTC) could “easily trade” at $100,000 within a year, Forbes reported today. “You’re going to be benchmarked off of Bitcoin, meaning in your mosaic of stocks and bonds and alternatives…

February 13, 2021
This crypto hedge fund has grown its AUM by 400% over the past 4 months

CryptoSlate obtained an update on Strix Leviathan, a Seattle-based crypto hedge fund, The team has been in business since 2018 and exclusively trades the crypto markets using proprietary trading tools and algorithms. Strix Leviathan’s Fund, which operates a systematic investment approach by taking long and short directional positions in the cryptocurrency markets. The Fund’s system…

February 12, 2021
Robinhood, Melvin, and Citadel execs expected to testify on GameStop before Congress

The price of GME has fallen almost 90% since lawmakers first called for a hearing.

February 11, 2021
Crypto investors should consider buying gold, Newcrest Mining CEO says

Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said.

February 11, 2021
“We don’t plan to invest in Bitcoin,” says CEO of company that made the Pontiac Aztek

General Motors once had a chance to dominate electric vehicle sales — but it killed the EV1 instead. Will its dismissal of Bitcoin cost it as dearly?

February 10, 2021
Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says

While the crypto community expects more large firms to emulate Tesla’s Bitcoin purchase, JPMorgan’s strategists don’t think it will happen.

February 10, 2021
Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms.

February 10, 2021
Canadian bank says Apple could be next to buy Bitcoin, build crypto exchange

Is the world’s biggest company by market cap looking to add the world’s biggest cryptocurrency to its treasury reserve? One bank seems to say so. Cryptocurrencies a better bet than EV for Apple Consumer technology firm Apple could be the next big enterprise to buy Bitcoin, as per a recent note by Canada’s largest bank,…

February 9, 2021