Tag Archives: AA News

New York City-based asset manager Stone Ridge has filed documents with the US Securities and Exchange Commission on behalf of its diversified alternatives fund to introduce BTC as the seventh investment strategy. According to the filing with the SEC, the addition will become effective on April 26th, 2021. However, it doesn’t necessarily mean that the giant asset manager will proceed with its BTC endeavor.  The filing enables Stone Ridge to receive exposure for its diversified alternatives...

Dubai-based cryptocurrency investment fund currently sitting on $1 billion in AUM believes that the value of Cardano and Polkadot will be higher than that of BTC in the upcoming years. Consequently, the fund has announced plans to dispose of $750 million of its Bitcoin holdings and expand its exposure to ADA and DOT instead.Crypto Fund To Replace BTC With DOT and ADAFD7 (Fall Down Seven Times) Ventures describes itself as a crypto-oriented investment fund that “invests in entrepreneurs who...

While the BTC price continues to struggle slightly above the $50,000 mark, on-chain data revealed that over 13,000 bitcoins had been moved out from Coinbase to custody wallets. CryptoQuant’s CEO believes that these withdrawals went towards institutional investors, and he categorized it as the “strongest bullish signal.”Bullish Developments on the BTC Horizen?BTC’s price has suffered in the past several days after the asset peaked above $58,400 for a new all-time high record. However, the...

Charlie Munger, the longtime Warren Buffett partner, Vice Chairman of Berkshire Hathaway, and BTC critique, has lashed out against the cryptocurrency once again. During a recent interview, the executive dismissed bitcoin’s chances of becoming a medium of exchange but made a rather compelling comparison with gold.Munger Blasts BTC’s Price FluctuationsThe 97-year-old billionaire investor spoke about the recent developments in the stock markets and the crypto field covered by CNBC. More...

After the confidential submission of a draft registration statement to become a publicly-traded company announced last year, Coinbase has taken a major step to be listed on the giant US stock exchange – Nasdaq.CryptoPotato reported earlier that Coinbase had submitted a confidential draft registration statement to the US Securities and Exchange Commission (SEC) to go public via a direct listing instead of an IPO. Initial estimations suggested that the potential valuation was at about $28...

Early bitcoin adopter has moved 100 BTC for the first time after mining the coins over ten years ago. Within this time, the value of the tokens has exploded more than 600,000 times to about $5 million.Interestingly, further data revealed that similar OG miners had moved substantial chunks of BTC to exchanges at times close to a local price top.100 BTC on the Move 11 Years LaterThe ever-vigilant crypto community recently caught an intriguing transaction taking place on the Bitcoin blockchain....

GameStop has undoubtedly become the most widely discussed company in 2021 following the Wall Street Bets fiasco that catapulted its price to all-time highs far beyond the wildest imaginations.The action on the stock had since cooled down a bit as WSB lost some steam, but in the past few days, it’s on again as the price surged over 110%.GME Stock Price Soars 110%The price for GameStop shares has skyrocketed once again, weeks after the tumultuous fiasco with Wall Street Bets.Upon yesterday’s...

In a blog post on Feb. 25 titled “Coinbase is a decentralized company, with no headquarters”, CEO Brian Armstrong stated that the firm has moved to a ‘remote first environment’.No HQ = Decentralized?He added that 52% of their employees have joined the company in a ‘post-office world’ and 95% of them have the option to work from home. Originally based in San Francisco, many company employees have dispersed across the globe since the beginning of 2020.“It has helped us attract top talent. One...

The head of the Bank of Korea, Lee Ju-yeol, said that Bitcoin and other major cryptocurrencies lack intrinsic value. However, he believes that all assets will continue to experience significant price fluctuations.Price Surge Because of Pro-BTC Institutional Investors?The chief of the Bank of Korea said cryptocurrencies, including Bitcoin, do not possess inherent value. In a recent news report, Lee Ju-yeol blasted the highly volatile nature of the digital asset industry.“There is no intrinsic...

The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects.The UK Should Turn To Crypto And SPACs?Born in France, Rolet is a businessman and the Chief Executive Officer of the London-based credit-focused asset management firm CQS. Before assuming this position, though, he served as...