Tag: investments

Aug 02 2021

Why Thailand’s oldest bank is bullish on DeFi [EXCLUSIVE]

Aug 02 2021 Published at CryptoSlate under tags  defi interview investments

Mukaya “Tai” Panich, Chief Venture and Investment Officer of Siam Commercial Bank's venture arm SCB 10X, imagines a world in which decentralized finance (DeFi) powers the back-end of traditional finance companies. CryptoSlate talked to Panich about why Thailand’s oldest bank is bullish on DeFi and how its digital technology investment arm, which picks DeFi projects “with a global mindset that is focused...

Jul 30 2021

6 ways ScaleSCORE brings fairness to the crypto IDO ecosystem

Jul 30 2021 Published at CryptoSlate under tags  defi investments

Crypto’s core ethos is that of bringing fairer financial services to all users, regardless of their age, race, gender, or industry connections. It’s easier said than done, however, with some activities in crypto circles these days mirroring those of the ‘traditional’ finance world. Take Initial Coin...

Dan Held: Bitcoin as a “sexy store of value” will eat real estate for $200 trillion market cap

Jul 30 2021 Published at CryptoSlate under tags  btcusd investments trading

Dan Held, the Director of Growth Marketing at crypto exchange Kraken, expects Bitcoin to reach a market cap of up to $200 trillion. This would price BTC at around $9.5 million per token. "It's a wild range of numbers, but I think Bitcoin's market capitalization should be between ten and two hundred trillion…" The leading cryptocurrency closed eight...

Jul 29 2021

These crypto analysts say Ethereum could reach $4,500 by 2022. Here’s why

Jul 29 2021 Published at CryptoSlate under tags  analysis ethusd investments

Ethereum (ETH) could be worth $4,596 by the end of 2021, say analysts on the latest quarterly Ethereum Price Predictions Report from the personal finance comparison site,...

Jul 28 2021

Morningstar analyst pegs Cardano (ADA) as one of the “big three” cryptocurrencies

Jul 28 2021 Published at CryptoSlate under tags  adausd analysis investments trading

Morningstar Portfolio Manager Amy Arnott said Cardano, along with Bitcoin and Ethereum, has the potential to form the "big three" of mainstream cryptocurrencies. She pointed out each has its pros and cons. However, Cardano will soon offer the technical applications of Ethereum, but without its extreme volatility. Whereas she claims Bitcoin lacks...

Jul 27 2021

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021

Jul 27 2021 Published at CryptoSlate under tags  adoption btc investments

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year]...

Goldman Sachs just launched a ‘DeFi’ fund…with zero DeFi coins

Jul 27 2021 Published at CryptoSlate under tags  adoption btcusd defi investments technology

Expect Goldman to say one thing and do the other. A case in point is the influential US bank’s new ‘Innovate DeFi and Blockchain Equity ETF’ fund, which, despite its name, contains no exposure to any actual decentralized finance (DeFi) tokens. “The Index...

What bear market? Crypto firms raised over $4.4 billion in Q2 2021 alone

Jul 27 2021 Published at CryptoSlate under tags  investments stablecoins usdc

The technology behind the chains or records stored in the form of blocks, which are essentially digital ledgers of crypto transactions distributed across a global network of computers, keeps attracting more investors, looking for alternative ways to gain exposure to the crypto market. Based on data from analytics firm CB Insights, blockchain start-ups have managed to raise a...

Jul 23 2021

Ex-fund manager pegs Bitcoin at $2 million by 2031. But that’s a $45 trillion market cap

Jul 23 2021 Published at CryptoSlate under tags  analysis btcusd investments people

Greg Foss, the Executive Director of Validus Power Corp, which uses flare gas to mine Bitcoin, lays out the case for a $2 million BTC price. Although sky- high price predictions are nothing new, Foss's forecast is up there among the highest. Having said that, what is the reasoning behind his prognosis?...

Jul 22 2021

Stellar (XLM) considers buying ex-Ripple partner MoneyGram

Jul 22 2021 Published at CryptoSlate under tags  investments xlmusd xrpusd

According to Bloomberg, the Stellar Development Foundation, together with private equity firm Advent International, have expressed interest in a takeover of MoneyGram International Inc. Stellar and MoneyGram, a match made in heaven?...

Jul 20 2021

Crypto bank BlockFi faces regulatory block in New Jersey

Jul 20 2021 Published at CryptoSlate under tags  btcusd investments legal regulation

The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction. No BlockFi in New Jersey...

Grayscale just launched a new DeFi fund. But is 50% of that Uniswap (UNI)?

Jul 20 2021 Published at CryptoSlate under tags  adoption defi investments

Leading crypto asset management company Grayscale Investments has...

Jul 19 2021

Why this fund manager expects a major pullback in stocks and Bitcoin soon

Jul 19 2021 Published at CryptoSlate under tags  analysis btcusd edge investments trading

Principal at Moran Tice Capital Management, David Tice, said right now is a dangerous time for both stock and Bitcoin investors. Tice sold his investment management firm, Prudent Bear Funds, in 2008, during the last major financial downturn. As such, some credit him with a knack for sensing trouble...

Jul 16 2021

PayPal users can now buy $100,000 worth of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash weekly

Jul 16 2021 Published at CryptoSlate under tags  adoption bitcoin btc investments payments

US financial player PayPal has announced that its users can now purchase as much as $100,000 worth of supported cryptocurrencies via its platform starting this week. As per a statement on July 15, the company has been constantly interacting with its users on...

Jul 11 2021

No more Dogecoin or memecoin shilling on TikTok after ban on paid crypto promotions

Jul 11 2021 Published at CryptoSlate under tags  adoption dogeusd investments

Earlier this week, popular social media platform TikTok has quietly updated its “Branded Content Policy,” prohibiting influencers from participating in paid promotions of financial services and products, including...

Jul 09 2021

Legacy US bank increases Bitcoin exposure via Grayscale Bitcoin Trust

Jul 09 2021 Published at CryptoSlate under tags  btcusd gbtc investments

A division of Chicago’s First Midwest Bank increased its Bitcoin exposure last month, a filing...

Jul 08 2021

Listed company loses $17 million on Bitcoin. Makes $14 million on Ethereum instead

Jul 08 2021 Published at CryptoSlate under tags  bitcoin btc eth ethereum investments

Meitu, a software tech company based in Hong Kong, has said that it recorded a loss of $17.3 million on its Bitcoin portfolios, while in contrast, it recorded a $14.7 million gain on its Ethereum investment. The software firm...

Jul 06 2021

Bitcoin ETF applicants accuse the SEC of foul play

Jul 06 2021 Published at CryptoSlate under tags  btcusd investments regulation trading

Last month, the Securities and Exchange Commission (SEC) delayed yet another Bitcoin ETF application, this time from Cboe Global Markets Inc. The U.S regulator said it would seek more public consultation on the matter before making a decision. That makes 13 Bitcoin ETFs currently pending approval, according to...

Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors

Jul 06 2021 Published at CryptoSlate under tags  btcusd derivatives investments

Switzerland bank UBS said in its latest note to investors that the increased crackdown on the crypto market by China makes investing in Bitcoin and other crypto-assets “unsuitable.”...

Jul 05 2021

ETH bumps ahead of Ethereum ‘London’ upgrade. But what’s it about?

Ethereum touched just shy $2.4k yesterday, making a two-week high. It also closed three consecutive daily green candles against Bitcoin, taking ETHBTC to 0.066782 at the time of writing. Some analysts attribute this strength to the up-and-coming London upgrade. The Rinkeby testnet rollout is anticipated this coming Wednesday. However, the...

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