Tagcoinshares

Investor: Value of Crypto Dropped, But Ecosystem and Industry are Growing Rapidly

bitcoin garden crypto

In the past seven days, the valuation of the crypto market dropped from $184 billion to $138 billion, by more than $46 billion. The cryptocurrency market experienced one of the worst weekly sell-offs in all of 2018, and the prices of major digital assets like Bitcoin have dropped by around 75 percent to 85 percent from their all-time highs. Despite the steep decline in the valuation of the crypto...

Crypto Startups More Valuable Than Blockchains -- Can the Trend Change?

Coinbase crypto exchange

In the crypto bull market of late 2017, when tokens reached a valuation of tens of billions of dollars, blockchain networks comfortably surpassed the valuation of commercial companies in the cryptocurrency ecosystem. At the time, for venture capital investors, direct investments in digital assets and cryptocurrencies seemed substantially more profitable than early-stage funding rounds in startups...

SEC Halts U.S. Trading of Swedish ‘Bitcoin ETF', Bitcoin Markets Not Impacted

SEC Halts Swedish Bitcoin ETF, Ethereum Cryptocurrency Investment Fund

The U.S. Securities and Exchange Commission (SEC) has halted trading of two foreign cryptocurrency investment products, including one that investors commonly referred to as the “Swedish bitcoin ETF.” SEC Leashes Bitcoin & Ethereum Investment Products The SEC announced the temporary trading suspension on Sunday, while U.S. markets were closed for the weekend, claiming that “there is a lack of...

Why the Cryptocurrency Bubble is Reminiscent of Hodling Amazon Stock: CoinShares CSO

bitcoin amazon

What a difference a few weeks can make. Just 21 days ago, the bitcoin price was trading above $8,400, riding what appeared to many to be the first wave of a new bull market. The bottom, the analysts said, was in. Now, midway through August, bitcoin is fighting just to hold above $6,000. The altcoin markets, meanwhile, have been pummeled to a pulp. The ethereum price is down 18 percent for the day...

Bears Beware! Bitcoin Price Will Reach Record Highs This Year: Fmr. JPMorgan Trader

bitcoin price

The bitcoin price entered another bearish trend this week after failing to pierce $10,000 earlier in the month. The flagship cryptocurrency now sits more than 58 percent below the all-time high it set in December, but one former JPMorgan trader remains confident that it will trade above $20,000 before the year is out. Danny Masters, who now serves as chairman of investment firm CoinShares, told...

Former JPMorgan Trader Goes Bullish: 'Bitcoin is the Play at the Moment'

Danny Masters, a commodities trader turned CoinShares chairman, has been a bitcoin believer since 2014, having recognized early the top cryptocurrency's use cases as both a disrupter of gold and fiat money. Masters, who in a former life led the energy trading desk at JPMorgan and whose funds are having a "strong year this year," told CNBC bitcoin is the play at the moment. "I like bitcoin. I...

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