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Michelle Mone’s ICO Ends in Disarray as Equi Capital Fiasco Turns Ugly

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Equi Capital’s ICO has ended in acrimony, with bounty hunters claiming to have been offered a pittance of what they were promised. The project is led by Baroness Michelle Mone, who describes herself as “one of the United Kingdom’s most celebrated entrepreneurs”. The fallout sheds light on the plight of low income workers who toil […]The post Michelle Mone’s ICO Ends in Disarray as Equi Capital Fiasco Turns Ugly appeared first on Bitcoin News.

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Cloud-Based Genesis Mining to Drop Lower Tier Bitcoin Contracts

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As cryptocurrency mining profitability continues to suffer due to price decline, many cloud-mining services have been forced to cease operations. Today Genesis Mining announced they would be ending one of their bitcoin mining services. Genesis Mining Drops Lowest Tier Bitcoin Contracts Leading cloud-based cryptocurrency mining service Genesis Mining announced this morning via an official blog...The post Cloud-Based Genesis Mining to Drop Lower Tier Bitcoin Contracts appeared first on NewsBTC.

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Strong US Dollar, Not ICOs, Drove Recent Cryptocurrency Market Decline: Analyst

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The cryptocurrency markets experienced a slight pullback on Thursday but have more or less managed to maintain the midweek recovery that followed Monday’s massive sell-off. As CCN reported, some analysts attributed that decline — which affected ethereum to a far greater extent than bitcoin — to ICO-funded startups cashing out their capital before the marketThe post Strong US Dollar, Not ICOs, Drove Recent Cryptocurrency Market Decline: Analyst appeared first on CCN

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U.S. Crypto Investment Firm Attracts $22M in Series A, Looks to Expand Services

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Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $22.7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator.SFOX caters specifically to professional traders, high net-worth individuals and institutions. As a prime dealer for cryptocurrency markets, the company provides access to global sources of trading and liquidity, real-time trading APIs, OTC desks and U2F hardware for private key management. The company’s transaction volume exceeds $9 billion, and its client base has grown 12-fold since January. In an interview with Bitcoin Magazine, CEO and co-founder Akbar Thobhani said that the addition of institutional investors to the crypto space could bring legitimacy and boost mass adoption. He also suggested that more institutional investors wish to get involved in the cryptocurrency space but are reluctant to do so because of regulatory uncertainty and volatility in the market. “Traditional institutions, including funds, banks, pensions and endowments require an infrastructure they’re accustomed to for properly managing operational and monetary risk,” he said. “As infrastructure is built, institutions require trading products to properly hedge themselves during volatile markets. In the financial markets, there is a suite of pro...

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Bitcoin Permabull Brian Kelly Remains As Bullish As Ever

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Brian Kelly, CNBC’s foremost crypto analyst, has long been held as a Bitcoin permabull in the eyes of many. His most recent appearance on CNBC only cemented this theme, as Kelly reasoned why the crypto market could head upwards within the next few days. Could the CBoE’s Bitcoin Futures Expiry Push Prices Upwards? Brian Kelly Thinks So On Tuesday, the...The post Bitcoin Permabull Brian Kelly Remains As Bullish As Ever appeared first on NewsBTC.

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Despite the Bear Market: Reality Shares Set to Launch $100 Million Cryptocurrency Hedge Fund

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Despite the fact that the entire cryptocurrency market has declined substantially since the start of 2018, specialized hedge funds are being launched at a record pace. Now, the company behind one of the first blockchain exchange-traded funds (ETFs) is set to launch a $100 million cryptocurrency hedge fund. Getting Serious Reality Shares – an asset...The post Despite the Bear Market: Reality Shares Set to Launch $100 Million Cryptocurrency Hedge Fund appeared first on Live Bitcoin News.

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Pantera Capital Hints At Giant $175M Venture Fund For ‘Fast-Moving’ Crypto Space

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Cryptocurrency investment stalwart Pantera Capital has raised over $70 million for a new venture fund which could become its biggest yet if it raises its intended goal. An Order Of Magnitude Larger An SEC filing issued August 15 confirms 90 investors have contributed $71,500,000 to the new project, with partner Paul Veradittakit telling TechCrunch as much as $175 million could ultimately flow in. According to Veradittakit, the figures are a “function of how fast theRead MoreThe post Pantera Capital Hints At Giant $175M Venture Fund For ‘Fast-Moving’ Crypto Space appeared first on Bitcoinist.com.

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