The large bitcoin institutional investments keep emerging frequently, and the latest one has come from the US-based hedge fund One River Asset Management. After establishing a new company oriented in digital asset investments, the fund has purchased $600 million in BTC and plans to add ETH and expand its holdings to $1 billion in the...Read More
The attacker that drained over $8 million in NXM from the founder of Nexus Mutual had requested $2.8 million in ETH to stop disposing of the funds. As such, it seems that he has rejected the bounty offer from Hugh Karp of $300,000. What Happened With The Funds Of The Hack? CryptoPotato reported earlier this...Read More
With Bitcoin clocking $21,000 for the first time in history, one Wall Street investor is saying the top-ranked crypto by market capitalization should be worth a lot more. Bitcoin at $400,000, Says Guggenheim’s CIO In a phone interview with Bloomberg TV on Wednesday (Dec. 15), Scott Minerd, chief investment officer at Guggenheim, said Bitcoin should...Read More
Binance and Coinbase, two of the leading cryptocurrency exchanges, experienced technical issues in the past few hours, and users were unable to log in. The problems coincided with bitcoin breaking into uncharted territory above $20,000 for the first time. Bitcoin’s Surge Causes Issues On Binance and Coinbase As CryptoPotato reported earlier today, the primary cryptocurrency...Read More
Ruffer Investment, a London-based asset manager with $27 billion in AUM, is the latest large company to purchase a considerable amount of bitcoin. The company has allocated 2.5% of the portfolio of one of its funds, translating into a purchase of about $15 million worth of BTC. UK Asset Manager Replaces Gold With BTC The...Read More
Approximately a month before leaving the White House, President Donald Trump is reportedly considering pardoning Silk Road founder Ross Ulbricht, who’s serving a double life sentence plus 40 years. This happens as the “free Ross” campaign has picked up steam, with many new people signing the online petition to release him from prison. Trump To...Read More
After a threat of a lawsuit for displaying Bitcoin scams, The Guardian Australia launched an investigation to determine the nature of the increasing number of similar fraudulent activities. It concluded that there’s a group of fraudsters operating a massive global enterprise based in Moscow, Russia. Global BTC Scam Organization Revealed CryptoPotato reported in early October...Read More
Mt. Gox users fallen victim to an infamous hack in 2014 are closer to receive reimbursement as the debunked exchange’s trustee finally filed a draft rehabilitation plan. The Tokyo District Court and an examiner will now review the proposal and determine the following steps. CryptoPotato reported in October that the Tokyo District Court had issued...Read More
One of the leading cryptocurrency derivatives exchanges BitMEX has announced the completion of a significant upgrade on its custody system to improve transactions. The update will allow BitMEX to use Bitcoin Core to track users’ BTC deposits and withdrawals, the company said. Important Updates Since Bitcoin Core ZeroMQ notifications trigger the new architecture, deposits will...Read More
CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion. Record-Breaking Weeks For Institutional Money In Crypto By citing data from...Read More
While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000. Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%. During the week, BTC managed to...Read More
The NASDAQ-listed business intelligence company has surpassed its previous plans to offer $400 million in convertible notes. Instead, the firm announced today that it has raised $650 million via a senior convertible notes offering and asserted that the proceeds with be invested in bitcoin. The official announcement reads that “the aggregate principal amount of the...Read More
A few months following the soft-launch of the DBS Digital Exchange, the Singaporean multinational banking and financial services corporation announced the release of its digital asset trading venue. In addition, the investment holding company Singapore Exchange has announced it will take a 10% stake in the platform. DBS Digital Assets Officially Announced CryptoPotato reported in...Read More
Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’? The US Dollar Has Been The Global Reserve Currency For 100 Years Now Ruchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his...Read More
The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia. Launching a Cryptocurrency Custody Business for Institutional Investors According to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial...Read More
According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030. Square Invests $10 Million As a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which...Read More
Following a weekend dip into mid-$18K territory, Bitcoin prices have recovered to top $19K once again and are currently trading just below $19,300. A range-bound channel appears to have formed in this range as the asset fails to top the psychological $20K barrier. It’s highest price as recorded by Tradingview.com was a touch over $19,900...Read More
Hauck & Aufhäuser, one of the oldest German banks is making a play for the emerging cryptocurrency space with the launch of a crypto fund early next year. Commercial banks in the country continue to show a significant appetite for virtual currencies on the back of a firm but a favorable regulatory mandate from government...Read More
Dan Held is among the most popular and influential people within the cryptocurrency industry. Apart from being a vocal bitcoin supporter, he’s also the current Head of Growth of the veteran US exchange Kraken. A position that he described as: “leading our initiatives around efficiently acquiring users and getting them activated.” CryptoPotato had the opportunity...Read More
While exploring the potential online security threats for the upcoming 2021, the Russian-based multinational cybersecurity company Kaspersky predicted a rise in Bitcoin thefts. Kaspersky researchers also foresee an increase of ransomware threats and more demands to be requested in privacy coins such as Monero instead of BTC. 2021: Bitcoin’s Value Leads To More Bitcoin Theft?...Read More
To say that this week was interesting would be an understatement. It had a little bit of everything. Starting off, towards the beginning of the week, Bitcoin officially surged past its 2017 high and recorded a new all-time high, clocking at almost $20,000 but couldn’t really manage to surge past that point. Naturally, as it...Read More
From what happened in the last couple of weeks, it appears that the crypto bull market is upon us. Bitcoin has been consistent with its volatility-induced rallies, and this is infusing confidence in investors. So much, so that VIP clients in Kraken’s latest Crypto Sentiment Survey say that BTC will skyrocket to about $36,000 in...Read More
A notorious hackers’ group called The Black Shadow has compromised one of the largest insurance companies in Israel – Shirbit. The attackers have already released sensitive client documents and have demanded a ransom in bitcoin, which could rise to $4 million by the end of the week. Israeli Insurance Company Hacked According to a local...Read More
Gary Cohn, a former chief economic advisor to President Donal Trump, who was also the ex-president and COO of investment bank Goldman Sachs, said that bitcoin could fail because it had integrity flaws. Cohn Spells Potential Doom for Bitcoin According to Bloomberg on Dec.1, Cohn stated that Bitcoin’s “integrity flaw” could lead to the failure...Read More
The Australian cryptocurrency exchange, BTC Markets, has inadvertently exposed more than 270,000 emails of its customers. The company apologized for the inconvenience and reassured that all other data, including users’ funds, is safe. BTC Markets Exposes Customers’ Emails A user going by the Twitter handle Stevosxrp.crypto took it to Jack Dorsey’s social media giant and...Read More
The US-based cryptocurrency lending company BlockFi has partnered with the American multinational financial services corporation Visa to bring Bitcoin to the masses. Bloomberg reported that the two US companies will offer a credit card that rewards clients’ purchases with the primary cryptocurrency, instead of traditional options such as cash and airline miles. Dubbed the Bitcoin...Read More
The leading US-based cryptocurrency exchange Coinbase assisted in MicroStrategy’s massive purchase of $425 million worth of BTC. The platform pledged to help other large firms diversify their portfolios with bitcoin in the future as well. Coinbase Involved In MicroStrategy’s BTC Purchase The NASDAQ-listed business intelligence firm made the news on two occasions earlier this year...Read More
Chinese Bitcoin mining firm Canaan has recorded a loss in yet another quarter but is showing positive signs of a recovery as share price and market capitalization spikes. Following a disappointing initial public offering (IPO) last year and declining inventory sales, the company has seen the balance of power shift considerably to major competitors MicroBT...Read More
Although Bitcoin has recovered from its vigorous price losses during the Thanksgiving massacre, analysts from JPMorgan Chase & Co believe that further declines may still occur. The strategists pointed out that Grayscale, through its Bitcoin Trust, will play a significant role in future BTC price developments. Is Bitcoin To Head Further South? The primary cryptocurrency...Read More
Financial historian and Milbank Family Senior Fellow at the Hoover Institution at Stanford University, Niall Ferguson, has penned a lengthy piece on Bitcoin which is getting noticed by the crypto community. In it, the former Harvard and Oxford University professor commented on how the traditional naysayers and debunkers have softened their collective stances this year...Read More
