Elon Musk Assures He Only Owns 0.25 Bitcoin (BTC) After Lauding Crypto

Tesla CEO Musk Only Owns 0.25 Bitcoin (BTC) Last February, near the peak of the previous crypto bull run, Elon Musk took to Twitter to get his spot on the hype train. But his comment wasn’t what many were expecting. The Tesla chief executive and long-time technology guru noted that he “literally owns zero cryptocurrency,” save for 0.25 Bitcoin (BTC) that an unnamed friend sent him “many years ago.” At the time he issued that tweet, BTC was trading for $2,500, meaning that his crypto holdings were effectively nothing compared…

Bitcoin Bull Novogratz Doubles Down On Crypto, Now Owns 80% Of Galaxy Digital

Bitcoin Bull Novogratz Nows Owns 80% Of His Crypto Firm Mike Novogratz, formerly of Fortress Financial, went all-in on crypto following his stint at Wall Street giant Fortress Investments. After retiring from the investment group in 2015, rumor has it that he went on a personal journey, finding Bitcoin (BTC) in the process. And since then, he has only expressed his support for this nascent asset class, once stating that he held 20% of his personal net worth in BTC and Ether (ETH). Novogratz has also launched his own crypto-centric…

US Energy Initiatives Corp Inc Now Owns $5.1 Million Sumcoins

US Energy Initiatives Corp Inc (OTCMKTS:USEI) enters into the cryptocurrency space and it now owns $5.1 million in sumcoins. The horizontally diversified energy company traded its shares for 52,766.66 sumcoins back in 2017. Sumcoins Sumcoin is a decentralized digital token like a BTC and LTC but different in the sense that its value is pegged to the sum of the market capitalizations of the leading 100 cryptos, hence sumcoin. This attribute makes the token slightly more stable compared to other conventional cryptos. Ty Jacobsen, the man behind the atcoins’ invention…

The Same Equity Firm That Owns Korbit Exchange Just Acquired Bitstamp

In a statement to customers, Luxembourg-based cryptocurrency exchange Bitstamp announced its acquisition by Belgium private equity firm NXMH Holdings, whose parent company NXC also owns South Korean crypto exchange Korbit. The all-cash deal, which was signed by Bitstamp founder Nejc Kodrič on October 25, 2018, was announced today, October 29, 2018. NXMH has around 2 billion euros in assets under management and invests in digital technologies. In an interview given to Reuters, Kodrič declined to disclose the purchase price, but he did assert the EU’s largest crypto exchange wasn’t actively…