Cryptocurrency Hedge Fund BlockTower Raises $140 Million, Hires Ex Goldman Sachs VP

Bitcoin’s wild ride to the top last year and altcoins following it has put cryptocurrency firmly into the mainstream with major exchanges now offering futures contracts. In addition to over 100 crypto focused funds already operating a Connecticut based digital currency hedge fund launched in August has raised $140 million. According to Bloomberg, BlockTower has… Continue reading Cryptocurrency Hedge Fund BlockTower Raises $140 Million, Hires Ex Goldman Sachs VP

Ripple Claims 3 Big Money Transfer Firms Will Use XRP in 2018

Three of the top five money transfer companies worldwide will be implementing Ripple’s XRP token in their payment flow systems this year, the company said in a tweet Thursday. The tweet, which did not identify the partners, comes as XRP has rallied to overtake ethereum as the No. 2 cryptocurrency by market cap while Ripple… Continue reading Ripple Claims 3 Big Money Transfer Firms Will Use XRP in 2018

Top 10 Cryptocurrencies Beginning 2018

Happy New Year! The image above shows the top 10 cryptocurrencies going into 2018. We hope for another successful year ahead for everyone. Bitcoin Ripple Ethereum Bitcoin Cash Cardano Litecoin IOTA NEM Dash Stellar DISCLAIMER: We are NOT professional financial advisors nor do we provide financial advice! Information found on this website is for non-commercial… Continue reading Top 10 Cryptocurrencies Beginning 2018

GMO Internet’s Crypto Mining Facility Is Up and Running

GMO Internet, a publicly listed IT firm in Japan, has officially launched its cryptocurrency mining operation. The mining unit was previously unveiled in September, with a goal of going live with it in the first quarter of 2018. GMO has pursued a number of cryptocurrency-related business lines in the past year, including an exchange platform… Continue reading GMO Internet’s Crypto Mining Facility Is Up and Running

Morgan Stanley: Hedge Funds Poured $2 Billion into Cryptos in 2017

Banking giant Morgan Stanley has estimated that hedge funds invested a massive $2 billion in cryptocurrencies this year. According to Business Insider, the figure was released in a note entitled “Bitcoin Decoded” sent by Morgan Stanley to its clients this week. The investment bank further detailed that more than 100 crypto-related hedge funds have sprung… Continue reading Morgan Stanley: Hedge Funds Poured $2 Billion into Cryptos in 2017

Belarus Legalizes Cryptocurrency Payments & Initial Coin Offerings (ICOs)

Belarus, a country wedged between Russia and the European Union, recently legalized cryptocurrencies and Initial Coin Offerings (ICOs), in a move that’s set to drive private sector growth and attract foreign investors to the country, a former communist republic that’s still dominated by its state, filled with inefficient enterprises, and dependent on its neighbor Russia’s… Continue reading Belarus Legalizes Cryptocurrency Payments & Initial Coin Offerings (ICOs)

Ripple Escrows 55 Billion XRP for Supply Predictability

Original Release on: December 7, 2017 Earlier this year, we committed to placing 55 billion XRP in a cryptographically-secured escrow account to create certainty of XRP supply at any given time. As promised, today we completed the lockup. By securing the lion’s share of XRP in escrow, people can now mathematically verify the maximum supply… Continue reading Ripple Escrows 55 Billion XRP for Supply Predictability