Put Your Money On Crypto for the Long-Term, Says Major Wealth Manager for Pensions

It’s time institutional whales put their money into cryptocurrency according to major investment management firm Cambridge Associates. IT’S TIME TO ‘BEGIN EXPLORING’ SAYS CAMBRIDGE ASSOCIATES The Boston-based consultancy only advises major institutions who manage more than $300 billion worth of clients’ assets. Cambridge was quoted in Bloomberg on Monday as saying: “Despite the challenges, we believe that it is worthwhile for investors to begin exploring this area today with an eye toward the long term. Though these investments entail a high degree of risk, some may very well upend the…

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Cryptocurrency Market Falls $25 Billion Overnight as Bitcoin Drops 6%: Factors and Trends

The cryptocurrency market has recorded a decline of over $25 billion overnight, after an abrupt bitcoin sell-off was recorded on June 10. Analysts have attributed the recent correction to a variety of factors but the market seems to have dropped due to a simple reason: a drop in volume and demand. Low Volume Since last The post Cryptocurrency Market Falls $25 Billion Overnight as Bitcoin Drops 6%: Factors and Trends appeared first on CCN

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Op-Ed | Cryptocurrencies like Bitcoin Consume Significantly Less Resources than Fiat Money

Earlier this week, I wrote on social media that it costs significantly less energy to produce cryptocurrencies like bitcoin and Ethereum. The responses were, “that’s not true, once fiat money is created, no additional energy is required.” Bitcoin and cryptocurrency have an energy problem? People at the FED don't sit around painting Benjamin Franklin all The post Op-Ed | Cryptocurrencies like Bitcoin Consume Significantly Less Resources than Fiat Money appeared first on CCN

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Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump

The cryptocurrency market has slightly rebounded by $7 billion over the last 24 hours, despite the struggles of bitcoin, ethereum, and other major cryptocurrencies in the global market. Augur Deploys Smart Contracts On Ethereum Mainnet Earlier today, on May 17, the Augur team announced that after years of development, the smart contracts of Augur will The post Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump appeared first on CCN

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47% of South Africans Plan to Invest in Cryptocurrencies

South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the world. The MyBroadband 2018 Cryptocurrency Survey — completed in April — shows that more South The post 47% of South Africans Plan to Invest in Cryptocurrencies appeared first on CCN

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Bitcoin Price Notches 6% Increase as Cryptocurrency Market Jumps $20 Billion

Over the past 24 hours, the cryptocurrency market has gained $20 billion, as major cryptocurrencies bitcoin and Ethereum recorded solid gains. Bitcoin increased by more than 6 percent, while Ethereum, EOS, Litecoin, Ripple, and Bitcoin Cash rose by around 4 percent. Volumes are Back Changpeng Zhao, the founder and CEO at Binance, the world’s largest The post Bitcoin Price Notches 6% Increase as Cryptocurrency Market Jumps $20 Billion appeared first on CCN

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Cryptocurrency Hedge Fund: We’ll Succeed, Even if Bitcoin Ends Up Defunct

Dan Morehead, chief executive officer (CEO) and co-chief investment officer of struggling cryptocurrency hedge fund Pantera Capital, recently claimed that even if bitcoin fails like Pets.com did during the dot-com bubble, the hedge fund would still see investors make money. According to CNBC, Morehead’s reasoning was that cryptocurrencies are revolutionary and here to stay. Using The post Cryptocurrency Hedge Fund: We’ll Succeed, Even if Bitcoin Ends Up Defunct appeared first on CCN

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South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance

Bithumb, South Korea’s largest cryptocurrency exchange, has partnered with major cryptocurrency payment processor BitPay to facilitate international remittance payments. US and South Korea Sonny Singh of Bitpay, the chief commercial officer at BitPay, stated that the company is on track to process $4 billion worth of transactions in 2018, and the team is focused on The post South Korea’s Largest Cryptocurrency Exchange Partners BitPay for Remittance appeared first on CCN

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