Day: October 6, 2018

Yale Endowment Fund Invests in Cryptocurrency and Bitcoin-Focussed Venture Funds

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David Swensen, whose investing success with Yale’s endowment has earned him the nickname of Yale’s Warren Buffet, has made his first big bets on cryptocurrency by investing in two venture funds, CNBC reported on October 5. Influential Endowment Manager Jumps on the Crypto Bandwagon David Swensen, the chief investment officer of Yale’s $29.4 billion endowments, is reportedly making his first big bets on cryptocurrency following the recent swoon in the price of bitcoin and other digital currencies. According to an October 5 report from CNBC, Swensen has invested in two…

Pantera Capital’s Crypto Fund Reports 40.8% Loss since Launch

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Pantera Capital’s Digital Asset Fund has sunk in value since it began in December 2017. A report which surfaced on social media revealed that the U.S. investment firm negated 40.8 percent returns to its investors to date. The figures contributed to the fund’s year-to-date losses, which rose to 72.7 percent. The fund’s compound annual growth rate (CAGR) also dropped by more than 50 percent since launch. Pantera releases some painful performance numbers for their new #crypto fund. #bitcoin #ethereum pic.twitter.com/Do6D8sxHla — Collin Crypto (@CollinCrypto) October 5, 2018 The cryptocurrency industry…

Amid Peso’s Soaring Inflation the Number of Bitcoin ATMs in Argentina to Hit 30

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According to the latest report, Argentina will become the next country to turn to the world of crypto in order to struggle with economic crisis and hyperinflation. After the peso, Agentina’s national currency, lost almost 50%, it was decided to install 30 Bitcoin automated teller machines (ATMs) within the country by the end of this year. In comparison to neighbouring Venezuela, where authorities are trying to solve the same economic problems by launching an entirely new controversial cryptocurrency, Argentina’s government understands that the existent cryptoassests will be a much better…

Bitcoin Price Still Stable Below $6,600, What Stands Ahead of Crypto Market?

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For over a week, Bitcoin has remained relatively stable in the $6,400 to $6,600 range, struggling to sustain its daily trading volume across major crypto exchanges. Within the past 48 hours, the volume of Bitcoin has declined from $4 billion to $3.2 billion on Coinmarketcap and from $2.6 billion to $2 billion on CoinCap.io, the cryptocurrency market data provider of popular digital asset exchange ShapeShift. Overall, Bitcoin has lost around 20 to 30 percent of its volume in the past two days, which has prevented the cryptocurrency market from initiating…

South Africa and Crypto – a Conservatively Optimistic Approach

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Blockchain and cryptocurrencies have proliferated the minds of millions across the world, as trading and crypto asset ownership continues to rise. In the same breathe, many countries across the world have taken a tough stance against cryptocurrencies in particular. Some, like China, have outlawed their use, while others like Malta are at the forefront of cryptocurrency and blockchain development. In an African context, this sector is slowly growing. At the southern end of the continent, South Africa sits in an interesting position. As one of the bigger economic hubs of…

Seoul Mayor Announces $53.39 Million Fund for Blockchain Districts

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A South Koran politician has committed a $53.39 million fund to develop blockchain regions in Seoul, local media reported. Park Won-soon, who is the mayor of the South Korean capital city, said their government would create two business complexes to settle 200 blockchain-related companies by 2021. The districts would also serve the purpose of training 730 experts in the field over the course of the next five years. “There’s no doubt blockchain is the core technology of the fourth industrial revolution, which will shape the future IT industry. I will make…

Web 3.0: Coinbase the Google of Crypto, Ripple the Microsoft?

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Web 3.0: Coinbase the Google of Crypto, Ripple the Microsoft? October 6, 2018 by Paul de Havilland Brian Armstrong claims Coinbase will become the Google of crypto in the era of Web 3.0. Philip Nunn dubs Ripple the Microsoft of crypto. Are they on the money? Also see: Why Cloud Mining Needs to Be Trustless: Marco Streng of Genesis Mining Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Web 3.0–The Internet of Value Web 3.0, or the internet of value, is a term that gets bandied around…

Brewdog Brand Welcomes Bitcoin Cash

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One of Britain’s best known breweries is welcoming Bitcoin Cashers to its new bar. Scottish firm Brewdog, which boasts of making “beer for punks”, will be giving away £3,000 (US $4,000) at the opening of its Canary Wharf bar on October 19. The bar will be accepting BCH (and BTC) as payment, funded with the aid of the Bitcoin.com wallet, and is considering accepting BCH at all 38 of its UK bars. Also read: Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash Brewdog Embraces the Shape of Cash to Come “Over recent…

Leading Investor: Crypto News Isn’t A Catalyst, Bitcoin Will Bottom Soon

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For the first time in a blue moon, volatility levels in the crypto market have taken a sharp decline, as many digital assets, like Bitcoin, remain range-bound in spite of positive (and negative) developments. The stability seen in this budding market has led many investors to logically ask where Bitcoin and its altcoin brethren could be headed next. And CNBC Fast Money’s most recent guest may have an answer to this question, which has plagued the minds of cryptocurrency enthusiasts across the globe. Positive Crypto News Cycle, But No Notable…

Crypto Trading 101: Pivot Points And Why They’re Useful

So you’ve pivoted to the upper echelons of your newfound expertise and are looking to increase your skill set to enable a greater understanding of the markets. When combined with other technical tools, pivot points are valued among day traders for their ability to analyze price movement of an asset as well as defining the support and resistance levels during a short-term trading session. What are pivot points? Pivot points were first developed by floor traders to predict support and resistance levels in the equity and commodities markets. They can…