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$2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’
13.5.2020
Cryptocurrency hedge funds’ assets under management have been increasing significantly, rising to more than $2 billion at the end of last year, according to a recent survey. The crypto hedge fund industry is expected to “grow significantly” along with the price of bitcoin. Hedge...
Jury Trial Scheduled for Billion Dollar Bitcoin Lawsuit Against Craig Wright
11.5.2020
Florida’s Southern District Court has been dealing with the Kleiman v. Wright case for well over two years and now the lawsuit is finally going to trial. A jury trial is set for July 6, 2020, in the Miami Division courthouse before Judge Beth Bloom. Meanwhile, Craig Wright,...
Coinshares Acquires Gabi Trading: New Unit Traded $3 Billion Worth of Crypto in 2019
8.5.2020
Coinshares on Thursday launched its trading business, Coinshares Capital Markets (CSCM), reporting that the unit traded over $3 billion worth of cryptocurrency in 2019 and $1.5 billion during the first quarter of 2020. The UK digital asset manager is basically rebranding Gabi Trading, a business...
Judge Rules Lawsuit Targeting Multi-Billion OneCoin Ponzi Can Proceed
2.5.2020
The judge presiding over a class-action lawsuit targeting the executives behind the OneCoin Ponzi scheme has allowed the case to proceed
Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter
30.4.2020
Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of...
Grayscale Buys 50% of All Ethereum Mined in 2020
28.4.2020
Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year. It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit. Grayscale operates 10 cryptocurrency investment products focused on institutional investors. As...
Coinbase Launches Price Feed to Help Secure $1 Billion DeFi Economy
25.4.2020
Cryptocurrency exchange Coinbase has released a price oracle that allows anyone to publish price data on-chain. The Coinbase Oracle, a signed price feed, grants users free access to data for BTC-USD and ETH-USD markets, the company announced Thursday. The idea is to make decentralized finance more...
‘Boomer Generation’ In for a Rude Awakening – Macro Economist Predicts $1M Bitcoin by 2025
24.4.2020
Just recently, a report from Global Macro Investor (GMI) called “The Unfolding” claims that the world is experiencing the biggest economic event that hasn’t been seen in the last 150 years. GMI’s CEO Raoul Pal authored the report and he strongly believes the digital asset...
Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days
23.4.2020
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained...
Ripple’s $1 Billion Head of XRP Markets Quietly Leaves Job
22.4.2020
Miguel Vias, the man who oversaw $1 billion worth of XRP sales for Ripple Labs, just quietly left his role at the company
Senate Passes New $484 Billion Pandemic Aid Package
22.4.2020
The Senate has passed nearly half a trillion in additional funding for small businesses, hospitals and increased testing
Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis
17.4.2020
Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors....
DeFi Market Cap Back Above $1 Billion After March Market Crash
15.4.2020
DeFi protocols are proliferating, with nearly the 250 actively traded tokens underpinning decentralized finance projects exceeding $1 billion
Major Fintech and Blockchain Backer SoftBank Expected to Lose $12.5 Billion
14.4.2020
A company founded by a Bitcoin investor is expected to lose $12.5 billion during this fiscal year
Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps
14.4.2020
Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%. Meanwhile, global markets are reacting positively...
Russian Counterfeit Cash Ring Busted for Selling 1 Billion Rubles for Crypto
13.4.2020
The counterfeit cash ring was extremely decentralized, with its operations and members spanning dozens of Russian regions
Bitfinex Made a $1.1 Billion BTC Transaction for only $0.68
13.4.2020
Over a billion dollars in Bitcoin was moved by crypto exchange Bitfinex on April 10, part of which replenished the company’s hot wallet
Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment
13.4.2020
Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The documents allege that Greenwood, alongside his accomplices Ruja Ignatova the ‘Crypto Queen’ and her brother Konstantin Ignatov...
Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits
9.4.2020
On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives...
SoFi Acquires Payment Processor Galileo in $1.2 Billion Deal
8.4.2020
Completing a $1.2 billion deal, financial giant Social Finance announced they would acquire Galileo