Bitcoin

Novogratz: Interest Left Crypto for Macro, But Bitcoin Will Emerge As Store of Value

Outspoken Bitcoin bull and founder of the cryptocurrency-focused Galaxy Digital, Mike Novogratz, believes that investor interest in cryptocurrencies like Bitcoin and Ethereum have left the market for macro trading. Despite this, Novogratz still expects Bitcoin to emerge as a digital store of value in the end. Novogratz: Investors and Traders Ditch Crypto for Macro Trading […]

Altcoins

Stablecoin Company Tether Ltd. Made $6.6 Million in Interest from January to July 2018, Report Does Not Confirm Full Cash Reserves

Advertisement An investigative report by Bloomberg News has revealed that Tether makes a substantial amount of interest on its US Dollar reserves. The US Dollar reserves are kept in banks across several jurisdictions including Canada, the Bahamas and Puerto Rico. According to bank statements seen by Bloomberg, Tether earned at least $ 6.6 million in interest between […]

Crypto News

Revolut: Lack of Investor Interest Stunting Crypto Adoption on Wall Street

Advertisement Twitter Facebook LinkedIn Is crypto investing the future of banking? Not in the short term, says fintech executive Nikolay Storonsky, the CEO of London-based startup Revolut, which recently began offering cryptocurrency trading. Storonsky said he had seen “no interest” so far from mainstream institutional investors — despite the fact that Wall Street powerhouses Goldman Sachs and Fidelity […]

Bitcoin

Storonsky: ‘No Interest from Big Institutional Investors’ (Why He’s Wrong)

Last week, Bitcoinist argued that cryptocurrency enthusiasts should stop waiting for institutional investors to arrive — because they’re already here. Not everyone shares that opinion.  According to a recent report from Bloomberg, institutional investors don’t have much of an ‘appetite’ for digital currencies. The opinion comes from one Nikolay Storonsky, who formerly traded for Credit […]

Bitcoin

Crypto Doom and Gloom: Banking CEO Says There’s “No Interest” from Institutions

The CEO of Revolut has claimed that large institutional clients, which are often cited as the drivers of the next crypto bull run, have shown very little interest in investing in assets like Bitcoin and Ethereum. Revolut CEO: Institutional Investors Show “No Interest” in Crypto While speaking at the Web Summit 2018 in Lisbon, Portugal this week, […]

Crypto News

Financial Advisers Are “Shying Away” from Crypto Despite Investor Interest, Says eToro

Investor appetite to crypto is growing, yet independent professional financial advice for it is lacking, according to research. A Genuine Lack of Knowledge The study from social trading and crypto platform eToro, was conducted by Opinium, a market research company, among 206 advisers and 2,003 U.K. adults in September. According to the data, 38 per cent […]

Bitcoin

Coinbase to List Competitor-Backed Stablecoin Amidst Growing Interest

Coinbase will reportedly list a stablecoin initially backed by one of its closest competitors after joining the consortium behind the USD-pegged cryptocurrency. Coinbase Joins CENTRE Consortium, Will List USD Coin San Francisco-based cryptocurrency exchange Coinbase recently listed decentralized exchange protocol utility token 0x (ZRX) to the list of cryptocurrencies it offers to consumers for trading. This […]