Even During Nuclear Winter, the Largest Crypto Asset Manager Controls Nearly $1 Billion

Cryptocurrencies have continued to stumble, but one organization has been making promising strides in the back offices of the Bitcoin space. Grayscale Investments, a wholly-owned subsidiary of the crypto conglomerate that is the New York-based Digital Currency Group, revealed that its products secured millions in investment amid the so-called “crypto winter.” Crypto Winter Has Been No Match For Grayscale’s Bitcoin Fund Grayscale, headed by Michael Sonnenshein, recently released its “2018 Digital Asset Investment Report” to outline company performance over the course of yesteryear. And surprisingly, the statistics were arguably not foreboding,…

Civic CEO: If Bitcoin (BTC) Breaks $3,000, Crypto Winter Will Go “Nuclear”

$3,300 An Essential Bitcoin Price Level, Says Analyst As hinted at in a previous Ethereum World News report, the past few hours have been dismal for the broader cryptocurrency market. The aggregate value of all digital assets has fallen from $121 billion to $115 billion in a few hours’ time, as Bitcoin bulls lose traction to the seeming copious amount of bears pressuring BTC lower. With this move, the flagship cryptocurrency has come to retest the $3,500 price point, a level of interest in the eyes of analysts. Interestingly, BTC has…

Civic CEO: If Bitcoin (BTC) Breaks $3,000, Crypto Winter Will Go “Nuclear”

$3,300 An Essential Bitcoin Price Level, Says Analyst As hinted at in a previous Ethereum World News report, the past few hours have been dismal for the broader cryptocurrency market. The aggregate value of all digital assets has fallen from $121 billion to $115 billion in a few hours’ time, as Bitcoin bulls lose traction to the seeming copious amount of bears pressuring BTC lower. With this move, the flagship cryptocurrency has come to retest the $3,500 price point, a level of interest in the eyes of analysts. Interestingly, BTC has…

Crypto Bull Jim Breyer: Crypto ‘Nuclear Winter’ is Just Short-term Market Movement

Photo: Fortune Brainstorm TECH / Flickr Breyer kept saying that the technology is too big to be dismissed just because of a temporary bear market. He also warned that “we’re close to a nuclear winter right now with cryptocurrency.” Breyer noted that the current market situation is not rare at all. Such periods occur in cycles, and the current cycle will finally come to an end. While he also cautioned investors, stating that the “near future will be a slog for investors”, Breyer had plenty of advice to the rest…

Legendary Venture Capitalist: “We’re Close to a Crypto Nuclear Winter”

It’s no secret that 2018 has proven to be a rough year for the cryptocurrency markets, which have seen their market capitalization plummet from highs of over $800 million in January of 2018 to recently established yearly lows of under $120 billion. The poor market performance, which can be attributed to little more than a boom-and-bust market cycle, has left many investors wondering when the markets will recover, and looking towards upcoming platforms and products being offered by major players in the world of finance, including an institutional investment platform…

Legendary Venture Capitalist: “We’re Close to a Crypto Nuclear Winter”

It’s no secret that 2018 has proven to be a rough year for the cryptocurrency markets, which have seen their market capitalization plummet from highs of over $800 million in January of 2018 to recently established yearly lows of under $120 billion. The poor market performance, which can be attributed to little more than a boom-and-bust market cycle, has left many investors wondering when the markets will recover, and looking towards upcoming platforms and products being offered by major players in the world of finance, including an institutional investment platform…

Russian State Nuclear Corporation to Develop Blockchain for ‘Increased Efficiency’

Russian state nuclear energy corporation (Rosatom) will develop “advanced” digital technologies, such as blockchain, according to Rosatom IT department head Evgeniy Abakumov, cited by corporate outlet Strana Rosatom Monday, October 1. As per Abakumov, Rosatom intends to focus on three areas of new technologies, namely blockchain, artificial intelligence and the Internet of Things (IoT). “We are committed to integrating 4.0 technologies on a wider scale. IoT, AI, blockchain and others are to increase the efficiency of manufacturing process,” Rosatom’s IT department head said. Abakumov also stated that Rosatom is looking…