Asset Management Firm Brevan Howard to Invest in Crypto Market

Brevan Howard intends to diversify into various digital assets beyond Bitcoin and Ethereum.  Brevan Howard, an asset management firm with approximately $10 billion in AUM, is reportedly eyeing the crypto market, according to a report by Bloomberg. Bloomberg reported that the firm hedge fund is ready to invest 1.5% of a $5.6 billion portfolio into cryptocurrencies. Notably, the cryptocurrency investment dubbed ‘initial allocation’ will be headed by Johnny Steindorff and Tucker Waterman, co-founders of Distributed Global, a cryptocurrency investment firm. Distributed Global has made significant investments in various blockchain startups…

Pendle Finance raises $3.5M to launch secondary market for DeFi yields

Pendle Finance, a DeFi protocol that allows users to tokenize and sell future yields, has completed a private investment round worth $3.5 million to power the next phase of its platform’s evolution.  The private investment round included contributions from several companies, including CMS, DeFi Alliance, Lemniscap, Hashkey Capital, imToken and Spartan Group, among others. The team is being advised by industry leaders from such projects as Kyber Network and KeeperDAO. Pendle’s co-founder, referred to as TN, said his platform allows users to trade the “ever-increasing yield” offered by DeFi products…

Nigeria’s SEC says central bank’s crypto ban disrupted the market

Lamido Yuguda, the director-general of Nigeria’s Securities and Exchange Commission has said the central bank’s crypto ban has caused significant disruptions to the market. According to a report by The Guardian, the SEC director-general made this assertion known during a press conference organized after the meeting of the Capital Market Committee on Thursday. As previously reported by Cointelegraph, the Central Bank of Nigeria barred commercial banks from servicing crypto exchanges back in February. According to Yuguda, the Commission has been forced to pause its planned cryptocurrency regulatory framework announced in…

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’  – Markets and Prices Bitcoin News

Bitcoin bull and billionaire investor Mike Novogratz has warned about cryptocurrency market volatility in a recent interview stemming from the Barron’s and Marketwatch’s “Investing in Crypto” virtual event series. In general and over the long term, Novogratz is bullish about bitcoin and companies like Coinbase remaining prosperous. Novogratz Warns of a Crypto Market ‘Washout’ Shares in Coinbase Global, Inc. (Nasdaq: COIN) are currently down 5% since yesterday’s opening and during the launch billionaire Mike Novogratz spoke about the San Francisco firm and the crypto-economy in general. Novogratz has been a…

Dogecoin (DOGE) and Maker (MKR) soar as the altcoin market cap tops $1T

Now that the Coinbase (COIN) stock listing is out of the way, the focus of traders has shifted back to the crypto market as Bitcoin (BTC) price works to regain its footing above $63,000 and altcoins move higher. After reaching a new all-time high near $65,000, BTC price dipped below $62,000 before finding a bit of momentum in the range which one fund manager called a “great opportunity to buy.” Data from Cointelegraph Markets and TradingView shows that Bitcoin has steadily climbed higher since Wednesday’s correction and bulls are attempting…

DOGE passes Uniswap and Litecoin to become 8th largest cryptocurrency by market cap

The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project.  According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, with a market capitalization of roughly $23.8 billion. The token’s most recent rally had its price surge more than 63% over the last 24 hours, passing both Uniswap (UNI) and Litecoin (LTC) and become the 8th largest cryptocurrency by market cap. More retail outlets have adopted the currency as a…

Bitcoin and Ether Market Update April 15, 2021

Total crypto market cap added $148 billion to its value for the period since Monday and now stands at $2,218 billion. The top ten coins showed mixed results for the last 24 hours with Uniswap (UNI) and Chainlink (LINK) adding 8 and 14.5 percent to their respective values while Binance Coin (BNB) lost 4.5 percent. Read More Original

S&P 500 Drops from Record High as Bank Shares Helped Prevent Stock Market Freefall

The general losses in the stock market were cushioned by bank shares after their better-than-expected earnings releases. The United States stock market on Wednesday recorded a mixed session result as gains in bank shares helped prevent a broader market freefall. The S&P 500 Index (INDEXSP: .INX) dropped 0.41% lower to 4,124.66 after hitting a new high in volatile trading. The Dow Jones Industrial Average (INDEXDJX: .DJI) added 53.62 points atop a 0.16% gain to close the session at 33,730.89. The Nasdaq Composite (INDEXNASDAQ: .IXIC) pared off some of its gains…

Coinbase (COIN) Shares Close at $328.28 in Market Debut, Exchange at $85.5B Market Cap

The DPO gave Coinbase employees and stakeholders immediate access to sell shares at a market-based price.  Crypto exchange Coinbase (COIN) shares closed at $328.28 following its direct public offering (DPO) on the 14th of April. After a successful market debut on Nasdaq, the crypto exchange stood at an $85.8 billion market capitalization on a fully diluted basis. On the other hand, the exchange closed the day at $62 billion, ruling out options and restricted stock units. Now, Coinbase is listed on Nasdaq and is available for trading under the ticker…

BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche – Press release Bitcoin News

press release PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and The Spartan Group. Other backers were Morningstar Ventures, Vendetta Capital, TRGC, Genesis Block, Woodstock and Rarestone alongside Ava Labs and leading liquidity provider Skynet Trading. Built on Avalanche’s highly scalable network, BENQI combines…