Cryptocurrency

Former US President Bill Clinton is Ripple’s Keynote Speaker

Published

3 years ago

August 7, 2018

Former US President Bill Clinton is Ripple’s Keynote Speaker

US blockchain company Ripple announced on Wednesday that the former US President Bill Clinton will be the keynote speaker at its ‘Swell’ Conference.

The 42nd President of the United States will address – where the world’s leaders connect in policy, payments and technology.

According to Ripple Clinton has worked on shaping the internet and “established programs that bridged the digital divide.” These learnings, says Ripple, are “perhaps more relevant now than ever before.”

The Ripple went on to compare the early adoption of the internet and growth to the evolution of blockchain technology and the entire cryptocurrency industry. “Like the internet boom of the ’90s, we are at an impasse: digital assets and blockchain technology offer a way for value to be exchanged as quickly as information – creating more financial inclusion and economic opportunity.”

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Samed Olukoya

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Cryptocurrency

Soros, Morgan Stanley Join $200M Investment in Bitcoin Firm NYDIG

Published

12 hours ago

March 8, 2021

Samed Olukoya

NYDIG, the firm that facilitated MassMutual’s $100 million bitcoin buy last year, has raised $200 million from a cadre of big-name investors.

The round included Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual, Soros Fund Management and FS Investments, NYDIG announced Monday. Past investors Bessemer Venture Partners and FinTech Collective also participated.

“The firms participating in this round are more than investors – they are partners, each well known to us for years,” Robert Gutmann, co-founder and CEO of NYDIG, said in a press statement. “NYDIG will be working with these firms on bitcoin-related strategic initiatives spanning investment management, insurance, banking, clean energy and philanthropy.”

NYDIG burst onto the scene in December as the firm that got an 169-year-old insurance institution to embrace bitcoin in full. MassMutual to a $5 million equity stake in NYDIG at the time.

The firm has since become a key player in catalyzing Wall Street’s embrace of the original cryptocurrency. Just last month, Gutmann said NYDIG will likely manage over $25 billion in bitcoin on behalf of clients by the end of 2021.

In Monday’s announcement, Gutmann offered a tease of sorts: “In the months and quarters ahead, look out for an explosion of innovation in bitcoin products and services delivered by NYDIG, in partnership with our new investors.”

Story developing..

Bitcoin

Jesse Powell Says Bitcoin Could Hit $1 Million Per Coin

Published

4 days ago

March 4, 2021

Samed Olukoya

Kraken CEO Sees $1 Million Bitcoin in the Next Decade

The Chief Executive Officer and co-founder of Kraken Exchange, Jesse Powell, has made a bold Bitcoin prediction in a recent interview with Bloomberg.

Powell said Bitcoin could hit $1 million in the next decade, adding that supporters of the crypto asset are already saying it could replace all major fiat currencies.

He went on to predict a disruptive future that would stretch even the imagination of the most ardent crypto fans.

“We can only speculate, but when you measure it in terms of dollars, you have to think it’s going to infinity,” he said. “The true believers will tell you that it’s going all the way to the moon, to Mars and eventually, will be the world’s currency.”

He added that his San Francisco-based Kraken is looking to go public next year.

The CEO explained that Bitcoin bulls see surpassing the combined market value of the dollar, euro and other currencies.

The dollar “is only 50 years old and it’s already showing extreme signs of weakness, and I think people will start measuring the price of things in terms of Bitcoin,” he said.

Bitcoin declined by 4.31 percent to $48,329.97 per coin amid rising yields and growing economic recovery.

Bitcoin

MicroStrategy Dumps Over $1 Billion on Bitcoin, Now Holds $4.78 Billion BTC

Published

2 weeks ago

February 24, 2021

Samed Olukoya

MicroStrategy Dumps Over $1 Billion on Bitcoin, Now Holds $4.78 Billion BTC

MicroStrategy, a business intelligence firm, announced it has purchased another 19,452 Bitcoin worth $1.026 billion.

The company joined Square and other companies that bought the dip witnessed earlier this week after Elon Musk, Bill Gates and Janet Yellen commented on the fast-rising digital currency.

MicroStrategy now holds 90,531 Bitcoin worth $4.78 billion, more than Elon Musk’s Tesla acquisition of $1.5 billion.

Michael Saylor, the Chief Executive Officer (CEO), MicroStrategy continues to pursue a coin acquisition strategy now codified in the business intelligence company’s mission.

Square purchased 3,318 Bitcoin at an estimated $170 million value on Tuesday when the world’s most dominant cryptocurrency dipped to $45,000 before rebounding to the current level.

Bitcoin presently trading at $49.233.71 per coin as of the time of writing.