ConsenSys Co-Founder Joins a $100M Crypto Fund, Goes Long on Ethereum

Photo: DARMA Capital / Medium Yesterday, Andrew Keys announced that he is moving from ConsenSys to DARMA capital as the newest managing partner. He joins James Slazas, the former head of capital markets at ConsenSys. At the same time, he stays at ConsenSys at the advisory board.  DARMA (Digital Asset Risk Management Advisors) capital is a CFTC-regulated firm with approximately $100 million in assets under their management. These are the funds of the high-net-worth accredited investors which are meant for the Ethereum “Optimized Long fund”. However, this Ethereum long position…

I Would Not Long or Short Bitcoin, Says Billionaire Stablecoin Investor Druckenmiller

American billionaire Stanley Druckenmiller has doubled down on his distrust of bitcoin (BTC), Bloomberg reported on June 4, quoting a recent interview. Speaking to Scott Bessent, founder of Key Square Capital Management at The Economic Club of New York, Druckenmiller said he would still not be interested in placing any of his $4.4 billion worth into the cryptocurrency. “I don’t think I’m a neanderthal, which is what I’ve been called when I’ve said I didn’t want to own Bitcoin,” he summarized. Druckenmiller added he would neither long nor short bitcoin…

Institutions Flood Back to Crypto, Lean Long on Bitcoin (BTC)

Institutional Bitcoin & Crypto Volume Skyrockets At long last, institutional fever for Bitcoin (BTC) and crypto is spreading once again. This time, they may just be here to stay. That’s the hope anyway. As recently pointed out by John Todaro of TradeBlock, institutions seem to be clamoring for common Joes and Jills’ Bitcoin and other digital asset holdings. In a recent tweet, Todaro pointed out that trading activity on futures/derivatives platforms outpaced spot exchanges for the first time in May, “suggesting a rise in institutional interest” in this space. Indeed,…

In for the Long Haul — How the New Long-Term Stock Exchange Can Help the Crypto Industry

One of the most significant introductions that blockchain has made available in recent years is adding new tools through which companies can raise capital. The technology has made it possible to raise funds for a project from investors of just about any pocket size through initial coin offerings (ICOs) as well as security token offerings (STOs). Typically, these investors put in their money not just in return for a big payday, but they’re usually believers in the project as well. These investors form the community around which new projects are…

CEOs of Mastercard and Wells Fargo Concur on Blockchain’s Long Term Potential

Top execs at Mastercard and Wells Fargo agreed that blockchain technology has long-term potential, but it has not been realized to date, CNBC reports on March 28. Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga concurred that the potential of distributed ledger technology (DLT) is yet to pay off, but that there are still no clear business use-cases as of now. The executives made their comments to CNBC at the Fintech Ideas Festival on Wednesday. Wells Fargo’s CEO emphasized that the technology has been very slow to roll…

Exclusive: Should We Really Long Bitcoin, Short Wall Street? Crypto CEO Weighs In

Following news that CoinFLEX raised millions from Digital Currency Group and other crypto-centric investors, NewsBTC got the chance to sit down with the startup’s chief executive, Bitcoin veteran Mark Lamb. If you want to hear what he has to say about Bitcoin, Anthony Pompliano’s popular catchphrase, what he sees is tantalizing about crypto, and what CoinFLEX really is doing for this space, look no further. We covered a number of topics, but a common theme was clear: believe it or not, Bitcoin will return… eventually. What Does Mark Lamb Think…

Taking Long Positions in Bitcoin is Comfortable: Former BoA Trader

Taking long positions in Bitcoin should be comfortable for traders, according to Naeem Aslam. The former equity trader with the Bank of America said Thursday that he would purchase bitcoin if the crypto-asset compliments a crucial technical indicator. Dubbed as Moving Average, it allows traders to calculate an average asset value for a given period after removing noisy price movements. Should you buy #Bitcoin now? Here is a methodological approach which can help you.$XRP token is still holding above 0.30 and it shows bears are running out of steam pic.twitter.com/Hvi0zatQCK…

Minimal Long & Short Interest May Send Bitcoin (BTC) Plummeting, Warns Crypto Researcher

Lack Of Speculation May Precede Bitcoin (BTC) Drop Over recent weeks, there’s been an odd dichotomy between Bitcoin (BTC) bulls and bears. Optimists have claimed that as the cryptocurrency remains above key support levels, as volumes surge, a breakout is inbound. Conversely, short-term cynics have argued that lower lows are inbound. Crypto researcher Willy Woo, known for his cautious optimism, recently claimed that if BTC is to follow its historical trends, a drastic drop could be inbound. Backing his point, Woo cited the amount of open long and short interest…

What is Driving The Rally and How Long Will it Last?

In the past 3 weeks, the valuation of the crypto market has increased by more than $22 billion from $111 billion to $123 billion. Source: Coinmarketcap.com There is no shortage of technical charts, indicators, analysts and observers trying to predict where crypto markets and Bitcoin will go next. They are far more volatile than traditional stock or forex markets so many of these indicators may not be applicable in the same way. A lot is just guesswork so a combination of fundamentals and technicals may give us a better idea…

Bullish Sentiment for Bitcoin As Long Bets Near 11-Month Highs

Bullish bets on bitcoin, the world’s largest cryptocurrency by value, reached 11-month highs on Monday, according to the data from the cryptocurrency exchange Bitfinex. The number of long positions on bitcoin’s US dollar-denominated exchange rate (BTC/USD) jumped to 38,237 BTC at 04:10 BTC – the highest level since March 30, 2018 – and were last seen at 36,176 BTC. While long positions have risen by 35 percent in the last three weeks, short positions have remained largely unchanged. As a result, the long-short ratio, a barometer of market sentiment, has…