Mining Giant BitFury Wins $80 Million in Investments, Hits $1 Billion Valuation

Photo: The Bitfury Group / Twitter BitFury, one of the largest crypto mining companies, announced it had closed an $80 million round of private financing with global investment firms. Among the investors were such companies as Macquarie Capital, Asian financier Dentsu, European companies Armat Group and Jabre & Lian Group, and the merchant bank founded…

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Goldman Sachs, Michael Novogratz to Create $1 Trillion Crypto Wallet With BitGo

Goldman Sachs and Galaxy Digital Ventures led the $58.5 million fundraising of BitGo Holdings Inc., bringing it a little closer to realizing the creation of a $1 trillion crypto wallet. American investment bank Goldman Sachs Group Inc. and Galaxy Digital Ventures, a venture capital fund founded by one of its previous partners, cryptocurrency believer and…

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Overstock Shares Plummet, Losing Around 50 Percent YTD

The cryptocurrency market has been in a steady decline for the last couple of weeks. Since the beginning of August, a little over $90 billion were wiped off the market. Popular e-commerce company Overstock has also felt the impact, forfeiting 50 percent of its value in 2018. A Bumpy Ride Much like other companies, Overstock…

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Crypto Hedge Funds Launching at ‘Surprising’ Record Pace in 2018

Specialized cryptocurrency funds are launching at a record pace, according to a new research. While the prices are steadily depreciating across the board, these new findings challenge the notion of a continuous bear market. More Than 150 Cryptocurrency to Launch in 2018 According to a new research from Crypto Fund Research, there are a total…

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Bitcoin Price a 'Tinderbox' Waiting to Go Higher, Says Spencer Bogart

A number of reasons could potentially cause Bitcoin (BTC) to surpass its previous all-time high according to Blockchain venture capitalist Spencer Bogart. The industry experts, sharing the beliefs of others alike, holds that the world’s largest cryptocurrency has found its 2018 bottom. ‘The Cat’s Already Out of the Bag’ Speaking to CNBC’s Fast Money July…

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Bitcoin Bull Mike Novogratz Believes Herd of Institutional Investors Coming for Crypto

Former hedge fund billionaire remains optimistic about potential and future of cryptocurrencies. A “herd of institutional investors” is coming for crypto, according to Mike Novogratz, a former Wall Street executive and hedge fund manager who entered the crypto space in 2015. Novogratz’ statement came as part of his keynote speech at Korea Blockchain Week last…

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The Daily: Crypto Vault in Hong Kong, ‘Herd of Institutional Investors’ in Crypto

A Hong Kong-based investment firm is planning to launch a new crypto-custody service to address the growing interest from institutional clients, and we’ve covered the story in today’s Bitcoin in Brief. Also in The Daily, billionaire Mike Novogratz expects an influx of institutional investors into the crypto space; a new survey claims 30 percent of…

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Coinbase, Mike Novogratz’s Galaxy Digital Get Big Respective Hires

Crypto Street keeps poaching top-tier talent from Wall Street and Silicon Valley. The latest examples come from the hiring of Richard Kim, a former Executive Director at J.P. Morgan and Goldman Sachs, as chief operating officer at Mike Novogratz’s Galaxy Digital crypto bank, and the hiring of Rachael Horwitz, formerly of Spark Capital, Twitter, and…

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