Author: Avi Mizrahi

Crypto Funds Drop 29.2% in March Reveals Hedge Fund Data Specialist

In theory, hedge funds employ complex investment strategies that should allow them to achieve high returns both in bearish and bullish markets. In practice many fail due to short term thinking and over-leveraged trading. These can be especially costly and not suitable for the young and volatile cryptocurrency market as any long time bitcoin HODLer can tell you.   Also Read: Indian Exchange Takes Central Bank to Court Over Bank Ban Barclay Cryptocurrency Traders Index Hedge fund data specialist Barclay Hedge released its newest index, the Cryptocurrency Traders Index, showing that players in the field dropped 29.2% in March 2018. And year to date, it is down 43.1% after three consecutive monthly losses. The researchers explain that the new tool is an equal-weighted index of the monthly returns of a representative universe of 19 constituent funds that trade bitcoin and other cryptocurrencies, starting Jan 1st 2018. Founded in 1985 and formerly known as The Barclay Group, Barclay Hedge serves institutional investors around the world in the field of hedge fund and managed futures performance measurement and portfolio management. In addition to 25 proprietary indices, it maintains 148 hedge fund indices for financial institutions in North America and Europe in its role as an independent index calculation agent. “Based on the knowledge gained from our 32 years of experience in collecting, compiling, analyzing, and indexing performance data from alternative investment...

Read More

Square Cash Stock Spikes Due to Analyst’s Bitcoin Trading Optimism

Whether the markets were going up or down, one segment of the bitcoin industry has been consistently making serious money, trading venues. This has caused more companies to want to join the party and on the way offer stock investors exposure to the bitcoin ecosystem regardless of what some regulators think. This seems to be paying off now in the case of Square. Also Read: Indian Exchange Takes Central Bank to Court Over Bank Ban Square Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has seen its stock price jump up by about 5% on Wednesday. The spike was largely credited to a note by Nomura Instinet analyst Dan Dolev, who offered clients a very optimistic prediction for the effect of adding bitcoin trading by the company ahead of its May 2nd first quarter earnings report. The ability to buy and sell bitcoin directly on the mobile payments platform has been added to the Square app earlier this year. The analyst said that the additional revenue per user from this could amount to $125 every year. He raised his SQ’s price target to $65, implying a 30% upswing, after the company already saw its stock raise almost 50% year to date. “Either way, SQ’s fundamentals should keep improving,” Dolev said. “We expect fundamentals to continue to improve helped by SQ’s accelerating share gains and mix shift...

Read More

Indian Exchange Takes Central Bank to Court Over Bank Ban

The Indian bitcoin community keeps fighting for their rights to operate freely in the country like any other industry. The latest show of defiance is a petition to the court against the actions of the Reserve Bank of India by the operators of a local exchange. Also Read: SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO RBI Ban Unconstitutional Kali Digital Eco-Systems, the company behind the upcoming cryptocurrency exchange Coin Recoil, has appealed to the High Court in Delhi against the recent crackdown on banks providing services to bitcoin related companies by the Reserve Bank of India (RBI). According to the petitioner, the RBI directive is arbitrary and a violation of the Constitution of India and the court should therefore quash it. The document presented to the count, which news.bitcoin.com has obtained, explains that due to the RBI Circular the company will not be able to secure banking services that are imperative for the business’ operations rendering it “stillborn.” It argues that the ban is unconstitutional on two main grounds. Freedom of Occupation Article 19 of the Constitution of India guarantees citizens’ rights to carry on any occupation, trade or business. But by preventing exchanges’ access to baking services the government is in affect preventing people from engaging in the business of their choice. Article 14 prohibits discrimination based on arbitrary and unreasonable classification....

Read More

Brazil’s Largest Brokerage Reportedly Working on OTC Bitcoin Brokerage

The OTC bitcoin trading market appears to be attracting big banks and brokers from all over the world who wish to secure a piece of this growing pie for themselves. And the latest company that might create a brokerage specifically for the field is from the largest economy of South America.  Also Read: Barclays Testing the Waters for a Cryptocurrency Trading Desk XDEX OTC Brokerage Financial services firm XP Investimentos SA, operating the largest securities brokerage in Brazil, is reportedly working on a new venture in the cryptocurrency trading space. Back in October 2017 news.bitcoin.com reported that the company filed a patent for the brand XP Bitcoin, as its first entry into the cryptocurrency domain. Now the brokerage has been found to be behind a recently registered company, XDEX Intermediacao. The group has not commented on the development and it is therefore not yet known exactly what services the new brokerage will provide. However, a source who did not want to be identified, told Portal do Bitcoin that the activity of XDEX will be in the over-the-counter market, meaning focused on movements of large volume transactions dealing in fiat and bitcoin. Besides the significance of XP Investimentos entering the OTC bitcoin space, this can also mean that soon the biggest bank in Brazil will also be directly involved in the cryptocurrency market. Itaú Unibanco Holding SA has recently proposed...

Read More

SpyCO? Facebook-Linked Cambridge Analytica Planned Its Own Coin Offering

Cambridge Analytica, the London-headquartered data mining firm responsible for the latest Facebook privacy scandal, has reportedly been working on launching its own initial coin offering (ICO) in recent months. The company has also been linked to helping other shady players market their tokens.   Also Read: SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO Privacy Dystopia Cambridge Analytica was planning an ICO in order to fund a system for storing and selling personal data to advertisers. Ironically, the system was presented as an online privacy solution that could help prevent exactly what the company specializes in doing. The effort seems to have been put on hold now that the global spotlight has been put on Cambridge Analytica and its tactics. “Who knows more about the usage of personal data than Cambridge Analytica?” Brittany Kaiser, a former employee of the company told the New York Times. “So why not build a platform that reconstructs the way that works?” Jill Carlson, a consultant who attended meetings where Cambridge Analytica pitched its services, noticed that the company was in sharp contrast with the ideals of openness and transparency which attracted her to bitcoin. “The way that Cambridge Analytica was talking about it, they were viewing it as a means of being able to basically inflict government control and private corporate control over individuals, which just takes the...

Read More

SPI Solar to Host 5,000 Bitcoin Miners for Chinese VC Fund 500 IPO

Green bitcoin mining, using renewable energy to produce the cryptocurrency, is in vague across the world. And while generating hydroelectric power from dams have been more widely reported recently, solar power is gaining ground, as exemplified by 500 IPO entering the space.   Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Sun-Powered Bitcoin SPI Energy Co., Ltd. (Nasdaq: SPI) today announced that its wholly-owned subsidiary, SPI Solar Inc. has signed an agreement with 500 IPO Fund for 5,000-unit contracts of Bitcoin miner hosting services. Officially based at Santa Clara, California, 500 IPO Fund is defined as a venture capital ecosystem, which consists of top venture capital firms, wealthy Chinese investors and “powerful government resources.” Besides the slogan of connecting China with Silicon Valley, its mission is “to promote projects which help solve major social issues and create well-being for the whole world.” As such it is easy to understand the appeal of green bitcoin mining for its brand. SPI is a provider of renewable energy solutions and cryptocurrency miner hosting service for businesses, governments, utilities and investors. It focuses on the development, financing, installation, operation and sale of utility-scale and residential photo-voltaic projects in China, Japan, Europe and North America. The Nasdaq-listed company has its operating headquarters in Hong Kong and maintains global operations in Asia, Europe, North America and Australia. Renewable Bitcoin Mining Industrial-scale bitcoin miners...

Read More

Barclays Testing the Waters for a Cryptocurrency Trading Desk

While the big banks are usually very skeptical of bitcoin in public, below the radar they could all already be making plans to gain a foothold for themselves in the ecosystem. The latest example is Barclays that is reportedly asking clients about a possible move into the crypto trading space.  Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million Testing the Waters British banking giant Barclays (LSE: BARC) is supposedly considering launching a cryptocurrency trading desk. The bank is trying to figure out if there is enough demand from its clients including hedge funds, big investors and the like for it to enter this new line of business. This would make Barclays the first major bank in London to offer such a service. Although the bank says it still has no specific plans to launch a cryptocurrency trading desk, sources have revealed it has conducted a preliminary assessment of demand and feasibility. “We constantly monitor developments in the digital currency space and will continue to have a dialog with our clients on their needs and intentions in this market,” spokesman Andrew Smith said in a statement to Bloomberg. High Demand If Barclays doesn’t encounter a push back from regulators, it should not have a problem finding enough demand for such a service considering the plethora of cryptocurrency hedge funds that hit the scene over the big rally of...

Read More

Coinbase Acquires Earn.com for an Estimated $100 Million

Coinbase has completed the acquisition of Earn.com, an app that lets users get cryptocurrency for answering emails and completing tasks. The Earn startup team joins the company and the founder will serve as its first CTO, as part of the deal. Also Read: Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49% Coinbase’s Latest Acquisition San Francisco-based cryptocurrency exchange Coinbase has announced today that it has acquired Earn.com (formerly known as 21 Inc). As we reported in the past, the service allows senders to pay users in cryptocurrency to reply to emails and complete tasks. Coinbase CEO Brian Armstrong said: “We’re going to be doubling down on the Earn business within Coinbase, as they have built a paid email product that is arguably one of the earliest practical blockchain applications to achieve meaningful traction.” As part of the acquisition, Earn’s co-founder and CEO, Balaji Srinivasan, will join Coinbase as the company’s first Chief Technology Officer (CTO). Armstrong added that: “As CTO of Coinbase, Balaji will serve an important role as the technological evangelist for the company. Balaji will evangelize for both crypto and for Coinbase, educating the world and recruiting crypto-first talent to the company.” The companies have not revealed the financial details of the deal but it is estimated to be just above $100 million. This is considerably lower than previous valuations for Earn and caused a push-back from...

Read More

Government of Iran Bans Foreign Fiat Currency Exchanges

It appears that the Iranian people are losing trust in the rial as it continues to depreciate in value. In response, the government of Iran is trying to prevent them from getting their hands on foreign currency, providing another example of the need for bitcoin. We should expect to see a growth in local bitcoin use as this situation develops, just as has happened in Venezuela and elsewhere. Also Read: How the Government Gave Your Money to the Banks – Again and Again No More Currency Exchange Shops The Central Bank of Iran (CBI) has announced a ban on the trading of foreign currencies by individuals and companies at private exchanges across the country. According to local news reports, forex exchanges in Iran are now only allowed to buy or sell gold coins “until further notice.” Mohammad Ali Karimi, head of public relations for CBI, reportedly said on Iranian television on April 13 that the new government guidelines are meant to “redefine the job description of exchange bureaus.” He added that instead of buying and selling fiat, the exchanges “might be given the role of a mediator for cases when Iranian banks are not interacting with some foreign banks.” It is possible that the CBI sees the move as a temporary emergency measure due to rapid decline of the rial, however the fact that money changers are offered a...

Read More

Blockchain Mining Completes Bitfarms Merger, Stock Jumps 49%

Israeli equity investors seem to maintain a strong appetite for exposure to the bitcoin ecosystem. The value of a public company traded on the TASE has increased by almost half after it officially completed a deal with Canadian miner Bitfarms.    Also Read: How the Government Gave Your Money to the Banks – Again and Again Bitfarms Merger Complete Tel Aviv Stock Exchange listed company Blockchain Mining Ltd. (TASE:BLCM) has announced on Sunday it completed that the merger with Canada’s Backbone Hosting Solutions Inc., operating under the commercial brand Bitfarms. Its share price has jumped up by 49% at the end of the trading day in response. Bitfarms mines bitcoin, bitcoin cash, ethereum, litecoin and dash in four different facilities in Quebec which have 27.5 MW of installed capacity and over 200 Ph/s of installed hash-power. The company’s construction pipeline includes an additional three farms with over 100 MW of power capacity. It is said to have been self-funded since its establishment in 2013 and has over 200 shareholders. “With hydroelectric power, cold weather, competitive electricity rates and innovative universities, the province of Quebec in Canada is rapidly advancing to the status of a global center for blockchain infrastructure,” commented Bitfarms. “The deal confirms our position as a leader in the blockchain technology industry. We are ready to implement our expansion in Canada,” said Emiliano Grozky, corporate vice president...

Read More

Free Price Analysis Tools

  • Bitcoin8310.73
    1h %
    0.02%
    24h %
    1.07%
    7d %
    3.85%
  • Ethereum572.875
    1h %
    0.32%
    24h %
    7.4%
    7d %
    12.93%
  • Click here for more price analysis tools & charts, and more currencies

    Get This Course Free

    Beginner’s Course & Quick Guide

    Free Masterclass

    Discover The Future Of Money, In Detail

    In this free masterclass, discover:
    • Best Bitcoin & Cryptocurrency Investment Strategies (And The Wonderfully Shocking Future Outlook)
    • Why Cryptocurrencies Will Someday Replace“Normal” Money Completely
    • How The Biggest Transfer Of Wealth In World History Will Happen Soon (Are You In Or Out?)
    Click here to get started, its free!

    Free Your Mind: Redefine & Demystify “Money”

    Free Webinar

    Free Masterclass