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First Mover Asia: Bitcoin as Digital Gold and Inflation Hedge. Really? BTC Is Under Water, While the Metal You Can Hold Is Breathing Air; Cryptos Rebound Sunday
20.6.2022
A Sunday rally had bitcoin perched back over $20K and ether above $1.1K, but the recent Terra and Celsius debacles have increased investor anxiety about the digital assets' ability to maintain those levels
Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund
17.6.2022
Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency. Now the crypto firm Finblox is feeling the effects of 3AC’s troubles, and a few digital...
Ethereum sell-off resumes with ETH price risking another 25% decline in June
16.6.2022
Ether price is forming a bear pennant pattern whose profit target comes to be near $850
Report: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency
15.6.2022
According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400...
NEXO price drops 40% in three days on rumors of ties to 'insolvent' crypto fund
15.6.2022
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations
PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End
14.6.2022
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm...
Billionaire Stan Druckenmiller Prefers Bitcoin Over Gold in ‘Inflationary Bull Market’
13.6.2022
Renowned billionaire hedge fund manager Stanley Druckenmiller says that in an inflationary bull market, he wants to own bitcoin more than gold “for sure.” However, he explained that in a bear market, he would prefer to have gold. Stanley Druckenmiller on Crypto, Bitcoin,...
Close to 1 in 3 Surveyed Hedge Funds Plan Crypto Investments - PwC
9.6.2022
Close to one out of three – or 29% – of hedge funds that are not yet invested in digital assets say they are looking to invest or are in late-stage planning for investments in the space, a new survey by consulting giant PwC has revealed.
The survey was conducted in the 1st quarter of 2022 on...
Despite bearish trend, hedge funds are dipping their toes in crypto: PwC
8.6.2022
Although traditional fund managers remain hesitant about investing in Bitcoin and Ether, their exposure to digital assets appears to be growing
Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange
30.5.2022
Ether risks turning overbought on shorter timeframes, amounting to sell-offs also as it retests a critical resistance level
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble
30.5.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael...
UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy
27.5.2022
Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared to bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%
JPMorgan Sees ‘Significant Upside’ to Bitcoin — Replaces Real Estate With Crypto as ‘Preferred Alternative Asset’
26.5.2022
JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with...
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
25.5.2022
Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,”...
So-Called ‘Pharma Bro’ Martin Shkreli Turns ‘Crypto Bro’ — ‘I Started Using Uniswap in Prison’
22.5.2022
Following his release from prison, the former hedge fund manager and convicted felon, Martin Shkreli, discussed cryptocurrencies and using the decentralized exchange (dex) platform Uniswap from a federal penitentiary. The so-called ‘Pharma Bro’ further explained that eventually,...
Tim Draper Bullish on Bitcoin Due to Its Inflation Hedge Traits
21.5.2022
Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even with the downturn its price has taken in the last months. Draper believes that the asset is still valuable as an inflation hedge, and that the market we are navigating right...
Crypto Hedge Fund Elwood Closes $70M Funding Led by Goldman Sachs and Dawn Capital
16.5.2022
Goldman Sachs and Barclays invest in UK crypto trading platform Elwood
16.5.2022
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand
Blackrock, Citadel, Gemini Deny Involvement in Terra Collapse
12.5.2022
The world’s largest asset manager, Blackrock, and hedge fund giant Citadel Securities have denied claims that they had a role in the fall of terrausd (UST) and terra (LUNA). In addition, crypto exchange Gemini has denied making a bitcoin loan that resulted in the terra collapse. Blackrock...
Avalanche rebounds 25% in five days as AVAX price tests key level — big rally ahead?
5.5.2022
Crypto market correlation and Valkyrie's Avalanche fund launch also helped push AVAX to a weekly high