2018 VC investment into crypto startups set to surpass 2017 tally

March 10, 2018

Jason Rowley Contributor Those dramatic price swings write headlines. And the media, Crunchbase News included, has not been shy in covering bitcoin’s ups and downs. The hype around ICOs is understandable, as well, given that market’s velocity, eye-popping market capitalizations and titillating if unfortunate stories of theft and subterfuge. But the comparatively quiet and glacially paced world of traditional venture capital deserves no short shrift from …


Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says

The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc.’s global head of investment research. Most digital currencies are unlikely to survive in their current form, and investors should prepare for coins to lose all their value as they’re replaced by a small set of future competitors, Goldman’s Steve Strongin said in a report dated Feb. 5. While he didn’t posit a …

February 15, 2018

David Sackss new startup wants to make it safer for old-guard industries to jump into crypto

SEC chairman Jay Clayton made clear today that his agency, along with the Commodity Futures Trading Commission, remains acutely concerned about initial coin offerings and cryptocurrency trades. In fact, toward that end, they’d like more expansive powers when it comes to protecting customers on cryptocurrency exchanges from fraud. “When you have an unregulated exchange, the ability to manipulate prices goes up significantly,”  Clayton told the Senate …

February 9, 2018

Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting

Bitcoin whipsawed investors, falling below $8,000 for the first time since November before recovering most of Friday’s losses, as a miserable 2018 continued for cryptocurrencies. Since reaching a record high of $19,511 on Dec. 18 shortly after the introduction of regulated futures contracts in the U.S., Bitcoin has wiped out more than half its value amid waves of negative news. Setbacks included escalating regulatory threats from authorities around the world including India, raided …

February 5, 2018

Bitcoin Ban Expands Across Credit Cards as Big U.S. Banks Recoil

A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife. JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. said they’re halting purchases of Bitcoin and other cryptocurrencies on their credit cards. JPMorgan, enacting the ban Saturday, doesn’t want the credit risk associated with the transactions, company spokeswoman Mary Jane Rogers said. Bank of America started declining credit card transactions with …

February 4, 2018

Ripple’s 53% Surge Makes It the Second-Biggest Cryptocurrency

… the gains of both ether and bitcoin, which have gained roughly 9,000 and 1,400 percent year-to-date, respectively. For a menu of cryptocurrencies on the Bloomberg, see: VCCY More From this publisher : HERE ; This post was curated using : TrendingTraffic Recommended ProductsLocal Animation Studio Upgrade Expand your inventory and receive an additional 30 templates in 10 additional hot local marketing niches. That’s 30 commercials all ready to sell, for a fraction of what it would cost to …

January 2, 2018

This cryptocurrency is blowing up. But it’s not currency

Image: Getty Images Move over ethereum and litecoin — ripple is suddenly the hot new cryptocurrency.  But ripple is different. It can’t be mined. It can’t be used to go shopping. And it’s operated by a private company. Ripple is still far smaller than bitcoin, the reigning king of cryptocurrencies, but it’s had a remarkable 2017. Ripple has increased by 29,000 percentin the past 12 months, pushing its value to more than $70 billion. In comparison, bitcoin …

January 1, 2018

Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts

… cryptocurrency becomes a key part of investor portfolios — if it ever does. “You never say never,” David Riley, who helps oversee $57 billion as head of credit strategy at BlueBay Asset Management LLP in London, said in an interview on Bloomberg Television. “But I do think we’re quite some way from making cryptocurrencies even a relatively small part of some of the funds we manage at the moment.” More From this publisher : HERE ; This post was curated …

December 13, 2017

Why is bitcoins price so high?

… falls. This move also legitimizes bitcoin in Wall Street’s eyes, an important point considering cryptocurrencies are still suspect. Further growth comes from the “bitcoin as a store of value” crowd. This group of enthusiasts bought and held bitcoin and will not sell it at any current price. More and more bitcoin fans are entering into this group and they are driving up demand increases. In a world where people expect bitcoin to be worth $1 million soon this sort of activity …

December 10, 2017

Hedge Funds Prepare to Trade Against Bitcoin

… turns out both of them can’t be right.” For more: Novogratz says crypto will be biggest bubble of lifetime The ability to short the currency is “an important part of the ecosystem,” said Novogratz, who recently began to raise $500 million to invest in cryptocurrencies. Novogratz, a bitcoin believer in the long term, has said short trades can be risky. “There is a lot of froth,” he said at a cryptocurrency conference last week in New York. “This is …

December 9, 2017

Bitcoin Heads to Wall Street Whether Regulators Are Ready or Not

… announce a start date. Both got the green light Friday after going through a process called self-certification — a pledge to the U.S. Commodity Futures Trading Commission that the products don’t run afoul of the law. The news pushed bitcoin’s high-speed traders — who’ve been eager to bet on cryptocurrencies and their wild swings, but worried about doing so on mostly unregulated markets. The new products are subject to CFTC oversight. CME, Cboe and Cantor …

December 9, 2017