This Billionaire Investor Lost Big on Bitcoin: Caught Up in "Tulip Mania" 13
Tulip Mania Breaks Billionaires Bitcoin (BTC) has created unimaginable wealth for its early adopters. The Winklevoss Twins, for instance, flipped millions into billions, as did venture capitalist Tim Draper. But, the cryptocurrency has also led to heavy losses for investors across the board, from small fish mom & pop investors...
Overstock Focusing on Crypto Despite Departure of Pro-Bitcoin CEO 14
Overstock Loses Bitcoin Proponent, But Keeps Crypto Focus This week, Overstock, a large pro-Bitcoin and pro-crypto American technology and retail giant, saw its chief executive bite the dust. Patrick Bryne issued a letter to shareholders late last week, announcing that he would be stepping down from his position as a...
JP Morgan Expects U.S. Dollar to Lose Traction: Boon for Bitcoin 15
Drop USD? According to JP Morgan, the U.S. Dollar may be on its way out. This may be bullish for Bitcoin. Jan Nieuwenhuijs, an analyst of gold, recently tweeted out a report from JP Morgan — one of the world’s largest banks. The jaw-dropping report revealed that the famous bank...
Bakkt to Custody Bitcoin (BTC) Starting Next Week 19
Bakkt Prepping to Launch It seems that Bakkt is arriving at the Bitcoin party a bit early. Announced in a tweet on Wednesday morning, the long-awaited crypto exchange startup will start managing custody of its customers’ BTC on September 6th — a Friday. According to the tweet, this custody solution...
Blockchain
A new blockchain project is being launched to help stabilize and improve Chile’s stock market and attract foreign investors.  The Santiago Stock Exchange (STE), Central Securities Depository (DCV), and the Global Trade Directory (GTD) are set to establish a blockchain association, in order to work on a Hyperledger blockchain initiative....
Why This Investor Thinks Bitcoin (BTC) Is Headed to $20,000 20
Bitcoin May Resume Rally to $20,000 Bitcoin has been absolutely slammed over the past day. According to Coin Market Cap data, the cryptocurrency has shed some 7% in the past 24 hours, while altcoins have fallen by a similar amount. Despite this bearish price action, which some analysts say is...