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Nick Marinoff



Articles by Nick Marinoff

Revolut Will Soon Allow Users to Transfer Their Crypto Assets Elsewhere

1 day ago

In recent months, large payment companies such as Robinhood and PayPal have begun allowing people to purchase bitcoin and other cryptocurrencies through their sites. While people have likely had fun doing so, they have encountered an issue in that some of these firms do not allow users to move their digital money to other platforms. Revolut, a London-based banking app, initially took this approach as well, but is now looking to change form.
Revolut Is Changing How It Does Business
A leaked blog post suggests that Revolut is now looking to change its systems somewhat in the coming future to make it easier for users to move their money around. If you own bitcoin and it is stored on Revolut, the time is coming in which you can move your money off the app and hold

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Ethereum Hits New High. Is $5K Next?

1 day ago

Ethereum—the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin—has struck gold over the weekend and has seemingly hit a new all-time high exceeding $3,000 per unit.
Ethereum is Trading for More Than $3K
Ethereum is arguably one of the biggest and most popular coins around. While it may not have the market value of bitcoin or the size and scope of its predecessor, it is still a very important coin for many reasons, the biggest one arguably being that it boasts smart contract capabilities. As a result, it has seemingly become one of the most popular networks to build new coins and decentralized applications (dapps) on, though this popularity has come with a downside.
This amount of attraction has brought a lot of new developers

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Jerry Klein: Bitcoin Isn’t That Popular Amongst Big Companies

1 day ago

We keep seeing examples of big companies getting involved in cryptocurrency. Figures like Michael Saylor of MicroStrategy and Elon Musk of Tesla are packing all their money into the crypto space and getting all that they can out of the world’s number one digital currency, but according to Jerry Klein, the managing director of Treasury Partners, not all the planet’s big companies and financial figures are going nuts for BTC.
Jerry Klein: Bitcoin Is Still Too Risky
The last several months have been wrought with crypto love amongst institutions and those that run them. We have seen countless examples, and yet Klein seems to believe that the news is blowing all this out of proportion. He claims that he works with several financial figures, many of whom operate some of the

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Fred Wilson Has Invested a Lot Into Coinbase; It’s Now Paying Off

2 days ago

Fred Wilson is the co-founder of Union Square Ventures. As a successful investor, he has put his money into many leading companies such as Tumblr, Etsy, Twitter and Zynga, and he was one of the first people to see the platforms as things other investors should take seriously.
Fred Wilson Knows What He’s Doing
This attitude has made him quite wealthy over the years. It is also an attitude that caused him to invest in Coinbase long before it was the high-ranking company it is today. As a result, he has raked in some serious profit and now stands as one of the most successful Coinbase investors in history. In the beginning, Wilson described bitcoin as “science fiction,” but it looks like this little fantasy story of his is really paying off.
Coinbase first appeared

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MicroStrategy Says BTC Purchases for the Company Will Become a Regular Thing

2 days ago

MicroStrategy – the software firm that ultimately became one of the first (if not the first) institution to publicly support and purchase bitcoin – is taking its love for BTC to even greater heights. In its recent earnings report, the company has stated that it is looking to purchase even more bitcoin in the coming months, and that bitcoin buys will potentially become the norm.
MicroStrategy Still Loves Its BTC
The report reads:
We continue to be pleased with our bitcoin strategy. We successfully raised more than $1 billion of additional capital in the quarter to expand our bitcoin holdings, which now exceeds 91,000 bitcoins. We also hosted a very successful ‘Bitcoin for Corporations’ track at MicroStrategy World where we utilized our thought leadership in the

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Kevin O’Leary: ETH Will Never Have BTC’s Power

2 days ago

Kevin O’Leary – aka Mr. Wonderful from the popular television program “Shark Tank” – has a lot of respect for both bitcoin and Ethereum. He thinks they are both remarkable developments in the world of finance. It is just that he respects bitcoin a little more.
Kevin O’Leary: Bitcoin Will Always Be King
In a recent interview, O’Leary commented that Ethereum – no matter how popular it is or how big and strong it becomes – will always be “number two” following bitcoin. Right now, ETH is the world’s second largest cryptocurrency by market cap, and O’Leary is confident that it is always going to stay that way.
He says:
I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always be the ‘silver,’ and that is not a bad thing necessarily.
As it

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Rumors On Social Media Suggest Facebook Has Purchased Bitcoin

3 days ago

Did Facebook buy bitcoin? There is a rumor moving about online that the world’s biggest social media platform may have added the biggest digital currency by market cap to its balance sheet.
There Is Talk That Facebook Bought BTC
While at the time of writing these ideas are unproven, Facebook adding bitcoin to its playbook would be both surprising and unsurprising at the same time. For one thing, many largest institutions have been purchasing the digital currency in droves over the past several months, the most notable being companies such as MicroStrategy and Tesla. Both have bought well over $1 billion each of the globe’s number one digital currency by market, though the former has set a precedent that many smaller family offices have been trying to emulate since

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Many Analysts Predict a Six-Figure Price for Bitcoin This Year

3 days ago

As of late, bitcoin has been struggling somewhat. After reaching a new high of roughly $64,000 per unit a few weeks ago, the world’s number one digital currency by market cap fell below $50,000, thereby losing approximately $15,000 off its price.
Bitcoin Is Going to Rise, Say Analysts
Now, while the asset has come back somewhat, bitcoin is still struggling to move into the high $50,000 range. It is presently trading for about $53,000, which is a drop from last week’s $55,000 per unit. Still, this is not stopping many analysts and industry heads from predicting big things for the BTC, many of whom are claiming that the currency will potentially reach a price exceeding $100,000 by the time 2021 is over. In fact, some say that the price could exceed $120,000.
Among the

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Ethereum Hits New All-Time High of Nearly $2,800

3 days ago

As crypto traders, we have all been so caught up in the bitcoin hype as of late that it appears we have forgotten about Ethereum and a lot of the world’s smaller altcoins, but the fact is that these assets should not be forgotten. In fact, they should be revered.
Ethereum Is Surging
Ethereum has recently hit a new all-time high. At the time of writing, one unit of Ethereum has struck $2,774. That means one unit of the world’s second-largest cryptocurrency by market cap is now trading for just under $3,000. Not bad for an asset that just a few months ago was worth only a few hundred dollars. By contrast, bitcoin – which has been struggling as of late – has fallen to about $53,000 per unit. This is roughly $2,000 less than where it stood roughly 48 hours ago.
Ethereum

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NFL Player Sean Culkin Will Receive Full Salary in BTC

4 days ago

Bitcoin has come quite far over the past year. So far, in fact, that many people say they would not mind getting paid in it. Some, such as Elon Musk – the South African entrepreneur behind billion-dollar companies such as SpaceX and Tesla – have stated that they want their salaries paid in BTC, but some are now taking steps to make sure that this happens. One of those figures is Sean Culkin of the Kansas City Chiefs.
Sean Culkin Wants a BTC-Based Salary
In a recent interview, Culkin explained that he feels bitcoin is the future of finance. He will now be taking his $900,000+ annual salary as a football player – which he will receive on a weekly basis through Strike by Zap – and converting it all into the world’s primary digital currency by market cap.
On Twitter, he

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Dan Schulman of PayPal on the Future of Crypto Payments

4 days ago

Dan Schulman – the CEO of PayPal – has come a long way over the past few months. Approximately six months ago, his company announced that it would not only allow people to trade and sell digital currencies, but that people would soon be able to pay for goods and services with them. This caused bitcoin to spike to $13,000 after it was trading for just over $10,000, thereby gaining more than $3,000 in price in just a few days.
Dan Schulman Thinks BTC Has Become Very Important
Not too long ago, Schulman tried out a crypto transaction himself, purchasing a pair of cowboy boots with BTC. He has some clear ideas about where the future of money will be in the coming months and years, and he is confident bitcoin and cryptocurrencies will play very important roles.
In a recent

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Some Have Accused Elon Musk of Being Part of a BTC Pump and Dump Scheme

4 days ago

Tesla and Elon Musk are earning some criticism after it was made clear recently that the South African entrepreneur may have sold some of the bitcoin that the company purchased back in February.
Elon Musk Has Raked in Some Serious BTC-Based Dough
Two months ago, the electric car firm made history by serving as one of the primary institutions to back bitcoin publicly. The company purchased more than $1.5 billion worth of the world’s number one digital currency by market cap, and the asset ultimately rose to a new all-time high of more than $57,000. However, since then, it looks like Tesla has cashed in on some of that profit, selling more than $200 million worth of the initial BTC it bought, and some people are not taking this news well.
A few industry heads have

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Christian Angermayer Invests in Crypto Simply Because He’s “Curious”

5 days ago

Christian Angermayer is a 42-year-old German billionaire that seems to have become a big fan of cryptocurrencies.
Angermayer Probably Has Money to Throw Around
To be fair, he is a big fan of many things, claiming that he invests primarily in things that he has grown “curious” about. Perhaps when you have billions to throw around like that, you do not have to think much about where the money goes. You can potentially place it anywhere and just stand by and see what happens. If it results in serious profits, fantastic. Otherwise, it is probably not much of a loss in the long run.
But among the things that Angermayer has grown curious about is cryptocurrency, and over the past 12 months, he has managed to get his fingers on roughly $1 billion worth through his family

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Moritz Schmidt Hopes BTC Gets Banned in the Future

5 days ago

Is it possible to go from being a bitcoin lover to a bitcoin hater? For one German software developer, that is exactly what happened. Moritz Schmidt recently donated more than one million euros to Europe’s Green Party in the hope that they will become powerful enough to ban bitcoin and crypto mining in the future.
Schmidt Suddenly Doesn’t Care for BTC
Schmidt is a confusing figure in the sense that at one point, he made quite a bit of money earning and trading BTC. He says that he purchased a few thousand worth back in the year 2011, but from there, the price of BTC crashed and caused much of his money to vanish into thin air. Nevertheless, he decided to continue investing and playing the crypto game, and from there, he managed to rake in quite a bit of digital dough

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Chris Larsen: BTC Mining Needs to Be More Environmentally Friendly

5 days ago

Ripple co-creator Chris Larsen believes that unless bitcoin changes itself to be more environmentally friendly, all hope for the world’s largest and most popular digital currency is lost.
Chris Larsen: BTC Needs to Change Modules
Bitcoin has been taking a lot of guff in recent weeks given that its constant price increases have led to boosts in energy usage for crypto miners. The higher the price of bitcoin goes, the more expensive it becomes to mine and extract. Right now, only 18.6 million BTC units have been placed in circulation, which means there are still about 2.4 million more units to go (there are roughly 21 million BTC units in existence). Thus, there is still much more energy usage on the way if we are to see all these assets being traded and sold.
Bitcoin

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Australians Seem To Be More Into Crypto Than Ever

6 days ago

Australians are beginning to take some serious interest in cryptocurrencies. Not only are they looking to trade the assets as much as they can; they are now looking to add crypto to their retirement accounts.
Australians Love Their Crypto
Australians are often frustrated by the lack of crypto regulation that exists in their country, and thus they are seeking ways to potentially gain access to these currencies without having to read all points of the fine print, so to speak. In other words, they do not seem to care how they get their fingers on these currencies. They can be through standard and conventional methods or through exotic methods, but either way, Australians are largely becoming crypto fans.
What many now seem to be doing is employing the services of what

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Thomas Farley: Cryptocurrency Is Here to Stay

6 days ago

Bitcoin and cryptocurrency have been all the rage as of late, but they are attracting a lot more than retailers and standard crypto investors. Wall Street is getting heavily intrigued by digital currency as well, and one man – Thomas Farley, the former president of the New York Stock Exchange (NYSE) – feels that the future of finance may very well have crypto serving at the forefront.
Thomas Farley: I’m Excited By Crypto
In a recent interview, Farley commented that cryptocurrency was “the best-kept secret in the world and maybe the financial markets.” He is a big fan of Coinbase in particular, and really admires the move they made not too long ago in getting listed on the Nasdaq. While the stock shares have fallen in price in recent days, he is confident that this was

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Dogecoin: People Differ on What Route It Will Take

6 days ago

Dogecoin has been all the rage as of late. While bitcoin has been sinking into oblivion, Dogecoin keeps getting attention and has recently hit a new all-time high. However, when something comes up, it usually winds up having to come down at some point, so when will that occur for what is now considered the fourth-largest cryptocurrency by market cap?
Dogecoin Has Caused Quite a Stir
Two young people have recently shared their thoughts about where the currency will go from here. They differ on whether it will continue to spike or drop, but they all agree that it is a fast-growing cryptocurrency that deserves the media attention it has been getting.
Kevin Lingard – a 23-year-old college student – is one of the people that feels most confident about Dogecoin at the time

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Glauber Contessoto Turned $180K into $1 Million Thanks to Dogecoin

7 days ago

While bitcoin is sinking into oblivion as of late (the world’s number one digital currency by market cap fell from around $64,000 two weeks ago to roughly $49,000 at the time of writing), it looks like Dogecoin continues to spike like there is no tomorrow, and many of its investors are raking in some serious profits. One is Glauber Contessoto, who recently became a Dogecoin millionaire.
Contessoto Made a Valid Investment Decision
Contessoto first began investing in the altcoin after it garnered heavy attention from Elon Musk, the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX. Musk has always been there to boost the currency’s reputation and talk about it on Twitter, and this caused Contessoto to look at the currency and invest

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Analysts Weigh in On What Made Bitcoin Fall

7 days ago

With the recent bitcoin crash, analysts are wondering what the heck could have happened to make the world’s number one digital currency fall by roughly $15,000 from its all-time high two weeks ago.
Bitcoin Has Taken a Deep Dive
There was a time when bitcoin seemed invincible. Everyone likely thought that the currency was going to stay above a certain threshold for some time. Sadly, it was not meant to be, and the currency has dropped significantly.
Many traders and industry heads are looking into what could have potentially happened. Janis Legler – chief product officer and head of research at Mode – explained that bitcoin derivatives and added borrowing could have led to the price swings. In an interview, Janis states:
We are currently seeing a significantly

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Mike Novogratz: BTC Is Still in Bullish Territory

7 days ago

Billionaire investor and former hedge fund manager Mike Novogratz has always been a big fan of bitcoin along with other forms of crypto. In a recent interview, he commented about what has made the world’s primary form of digital currency last so long, and he talked about what was potentially causing the asset to surge the way it has.
Mike Novogratz: This Is Just a Small Correction
At the time of writing, the price of bitcoin has fallen by more than $15,000 from its recent all-time high of about $64,000. This was accomplished not long after Coinbase – one of the world’s largest and most popular cryptocurrency exchanges – began trading on the Nasdaq, but now it looks like some of that hype has died down. Bitcoin has taken a monster dive, but according to Novogratz, this

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India Wants to Examine People’s Past Crypto Transactions

8 days ago

As we all know by now, India is not too pleased with the prospects of bitcoin and cryptocurrency. The country is presently contemplating a new law that if passed, would ban all crypto activity and trading in the future.
India Is Not Crazy About Crypto
However, another part of the law has not yet been discussed, and that is the one that allows the government of India to examine the past transactions of all the country’s citizens. This is rather dangerous in the sense that people’s privacy is going to be invaded in ways it likely never has before.
Let us discuss a little history first. For the past three years, we have witnessed India have a very up and down relationship with the world of crypto. In 2018, things took a heavy turn when the country’s regulators set forth

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Bitcoin Crashes: Drops to $49,000 Per Unit

8 days ago

If we thought bitcoin was doing poorly before, we are having to redefine our ideas. It looks like the world’s number one digital currency by market cap has fallen below the $50,000 mark and at the time of writing, is trading for just over $49,000.
Bitcoin Is Suffering Harder Than It Has in a While
This marks a $5,000 drop for the asset in just the past 24 hours and a fall of more than $15,000 for the currency over the past two weeks. The currency appears to be dipping into bearish territory for the first time in a while, and analysts are beginning to freak out.
As if that was not bad enough, it looks like the hype and hoopla surrounding Coinbase’s shares on the Nasdaq has died down as well. The popular cryptocurrency exchange has seen its stock fall by more than three

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Bill Miller: This BTC Bull Run Is Very Different from 2017

8 days ago

Value investor Bill Miller seems to believe that this present bull run for bitcoin is way different than the one that occurred in 2017.
Bill Miller: BTC Is About to Go Mainstream
In a recent interview, Miller viewed what is happening right now as an immediate door to mainstream territory for bitcoin. He pointed to the fact that the world’s number one digital currency by market cap has already rallied by more than 90 percent since the beginning of the year. He also states that this bull run is largely dominated by institutional investors, which up to this point, have been rather reluctant to step into the crypto space.
Prior to the big step bitcoin took back in early 2020, many institutions saw bitcoin and other forms of crypto as volatile pieces of trash that had to

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Mike Novogratz Allegedly Isn’t a Fan of Dogecoin

9 days ago

Bitcoin and Dogecoin are two of the world’s biggest digital currencies right now. They have both been spiking like crazy as of late, with Dogecoin now taking the lead and working hard towards potentially reaching one dollar per unit by the end of the year. While they both look similar at first glance, Mike Novogratz – a billionaire investor and former hedge fund manager – claim that these assets could not be more different, and that investors need to be aware of the risks they each pose if they are going to invest in the future.
Mike Novogratz On the Differences Between BTC and Doge
For one thing, both currencies have very different beginnings in that bitcoin was created with a purpose. The asset was designed to work as a payment currency and thus push fiat currencies

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Jack Dorsey and Elon Musk Find Common Ground On Bitcoin Mining

9 days ago

It appears that Jack Dorsey – the man behind Facebook competitor Twitter and payment processor Square – and Elon Musk, the South African entrepreneur responsible for bringing both Tesla and SpaceX to the mix, agree on one thing. That thing is the future and power of bitcoin mining.
Bitcoin Mining Is the Center of Many Arguments
In a recent tweet, Dorsey commented that bitcoin “incentivizes” renewable energy. From there, he received a response from Musk which simply read “true.” The discussion is garnering mixed reactions from several analysts and critics, who appear to be split right down the middle on the verdict.
On the one hand, several members of the financial and environmental communities claim that this was a simple attempt to “greenwash” the bitcoin space and

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JPMorgan: If BTC Doesn’t Hit $60K Again, the Currency Is Doomed

9 days ago

Bitcoin has been undergoing a serious correction as of late. The world’s number one digital asset by market cap has hit a new high of approximately $63,000 per unit, but since that day, it has lost about $8,000 off its price. Thus, the currency is now trading for just over $55,000, and companies such as JPMorgan are beginning to take notice.
JPMorgan: We Need to See $60K Again Soon
In a new report, JPMorgan appears to be rather bearish on bitcoin… again. To be fair, it is not like the company has ever been fully heartfelt towards BTC, and its strategists have produced reports in the past claiming that the currency is not something to be taken seriously. However, the latest document produced by the firm appears to spell gloom and doom for the asset granted it does not

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Stock-to-Flow Model Suggests $115K for BTC in August

10 days ago

Bitcoin keeps shooting higher for the most part. While it suffers from corrective periods such as right now (the asset is presently trading for about $55,000 per unit – roughly $8,000 less than where it was two weeks ago), the currency has managed to maintain a certain level of bullish activity, thereby making it one of the top financial tools of the past two years. Now, a price model for bitcoin known as the stock-to-flow model is suggesting that the currency could hit the $100,000 mark within the next four months.
The Stock-to-Flow Model Is Stronger Than It May Seem
The stock-to-flow model has been somewhat controversial in the sense that it stems not from a well-known figure. Rather, it was first introduced on Twitter through an individual simply known as “Plan B.”

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Sebastian Siemiatkowski: Investors May Arrive Too Late to the BTC Party

10 days ago

Sebastian Siemiatkowski – the CEO and co-founder of Swedish fintech company Klarna – is worried that people do not have enough education before jumping into the world of bitcoin investing.
Sebastian Siemiatkowski: Education Is Key
Investing can be fun and prosperous. It can also lead into a downtrend of sorts granted one does not know what they are doing before jumping in headfirst, which is arguably what has happened a lot with bitcoin and other cryptocurrencies. Many people, for example, saw that bitcoin was rising like mad at the end of 2017 and quickly jumped in due to FOMO or fear of missing out, and as a result, they wound up losing quite a bit.
The following year, bitcoin fell to record lows and lost approximately 70 percent of its value. There are many people

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Scott Minerd Once Again Says BTC Could Fall to $20K

10 days ago

Bitcoin has done rather well this year. For the most part, 2021 has been a continuation of the BTC bull run we began to see towards the end of 2020, but now, it looks like the world’s number one digital currency by market cap has taken a turn for the worse, which is causing some analysts – such as Scott Minerd – to feel differently about the coin.
Scott Minerd Predicts an Ugly Future for BTC
Minerd of Guggenheim Partners has recently repeated the same warning he issued in January of this year. He is confident that bitcoin could potentially drop down into the $20,000 range, and that danger has gone up even further given that the currency is suffering greatly as of late. Recently, the currency hit a new high of roughly $63,000 per unit, though at press time, it has

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