The founder of Stone Ridge Asset Management and New York Digital Investment Group (NYDIG) sees a wall of money in bitcoin, according to his firm’s order book. The top executive believes that institutions are just getting started and that we will see an explosion of traditional bitcoin-based financial products within a year. NYDIG optimistic about Bitcoin Ross Stevens, founder of Stone Ridge Asset Management and NYDIG, shared his views on the institutional adoption of bitcoin in an interview with Michael Saylor, CEO of Microstrategy, last week. Stevens founded Stone Ridge in 2012 and NYDIG in 2017, where he currently serves…
Author: Gordon James
Gordon James
Gordon James is a crypto journalist who loves to write about the latest news and trends in the blockchain world. He has been following the cryptocurrency space since early 2017, and is fascinated by the potential that blockchain technology has to change the world. In his free time, Gordon enjoys hiking and spending time with his dog, Tucker.
Cointelegraph’s latest interview with Crypto.com CEO Chris Marshalek to understand the catalysts that will take crypto to 200 million users. For more on crypto and blockchain related content, visit and subscribe to Cointelegraph’s YouTube channel! When will the adoption take place? According to a study by Crypto.com, it took more than a decade for cryptocurrencies to reach 100 million users, or ~1% of the world’s population. But Marshalec expects the next 100 million users to come in a much shorter time frame. He said: From 100 to 200 million will be much, much faster than from 50 to 100 [million].…
The price of bitcoin reached a new all-time high on Monday after the community discovered that Elon Musk’s Tesla has added $1.5 billion in bitcoins to the company’s balance sheet. Bitcoin is currently above the $43,000 mark and has a total market capitalization of about $814 billion as of today. Emergence of cryptocurrency markets in price Bitcoin (BTC) made a jump of thousands of dollars on Monday after Tesla bitcoin news made headlines and went viral on social media. The price of BTC has reached a whopping $44,899 per unit, and since the peak, the price has begun to decline.…
Bitcoin’s longest maturity expires on the 26th. March. More than $6 billion in bitcoin (BTC) options expire Friday on all exchanges, with most of those options on deribits. This will be a record low in terms of value and number of options, with only 100,400 bitcoin options. The previous record was set in January, when nearly $4 billion worth of options expired, representing 36% of open interest at the time. The sharp drop in options comes amid a rapid increase in open interest in the bitcoin options market. Bitcoin’s IO has increased by more than 147% since the beginning of…
Bitcoin (BTC) has been at the 10 mark. February lost nearly 8%, the first major correction since Monday’s price hike. BTC price fluctuating from $48,000 Data from Cointelegraph Markets and TradingView tracked how BTC/USD fell from local highs of $47,360 to a brief touch of $43,750 during trading on Wednesday. The pair was on track to break the $50,000 mark after reaching new all-time highs earlier this week, thanks to the announcement that Tesla had converted $1.5 billion of its balance sheet into bitcoins. Corrections are already expected, a necessary part of bitcoin’s steady uptrend, which Cointelegraph market analyst filbfilb…
Financial and investment advisory giant The Motley Fool has announced that it will invest $5 million in bitcoin (BTC) and expects its value to reach $500,000. The company announced today via a blog and Twitter post that it will not buy overvalued ETFs, but will buy bitcoin directly. According to SimilarWeb, the company currently ranks fifth in the world in the investment category and records 87 million website visits per month. The Motley Fool lists three main reasons to buy: Bitcoin retains its value better than gold, is an effective protection against inflation, and has the potential to become a…
Lolli, the bitcoin rewards app, has announced that it has completed its preliminary A round after raising $5 million. Several investors participated in the round, including Seven Seven Six, a venture capital firm co-founded by Reddit executive chairman Alexis Ohanian, Serena Williams’ Serena Ventures, the management company of Night Media, and several social media influencers. The funds will be used to develop the Lolly mobile application, adapt it to a growing number of users and expand it internationally. Launched in 2018, Lolli has partnered with over 1,000 merchants, including Priceline and Macy’s, to offer customers the ability to earn BTC…
Taiwanese prosecutors have accused Bitmain Technologies of illegally poaching more than 100 Taiwanese engineers. According to a report by Nikkei Asia, New Taipei and Hsinchu, Taiwan’s semiconductor manufacturing center, have already launched an investigation into the Chinese cryptocurrency maker. Prosecutors from New Taipei allege that a manufacturer of bitcoin mining chips (BTC) set up shell companies that were used for illegal recruitment in an illegal poaching scheme, they added : We found that Bitmain is poaching Taiwanese R&D talent to accelerate the development of chips for artificial intelligence by illegally setting up companies in Taiwan. The newly formed companies have…
As the Indian government prepares to introduce the cryptocurrency bill, there are reports that it is considering blocking the IP addresses of cryptocurrency exchanges. Despite ban reports, many people in the Indian crypto community believe that the government will not impose an outright ban on cryptocurrencies, including bitcoin. Blocking IP Addresses of Crypto Trading Platforms The Indian government is reportedly “considering the blocking of internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening,” Business Standard publication reported Monday, citing an unnamed “source in the know.” This measure, if implemented, will be part of the government’s efforts…
On the 12th. In March, publicly traded Microstrategy announced the purchase of another 262 bitcoins for $15 million in cash. CEO Michael Saylor announced the purchase Friday morning (ET) to his 623,000 Twitter followers. Microstrategy tells US regulators it has exchanged $15 million in cash for 262bitcoins. Seven days ago, on the 5th. In March, Bitcoin.com reported that Microstrategy had raised $10 million in cash to buy 205 bitcoins (BTC). On the 12th. In March, Microstrategy announced another bitcoin acquisition worth $15 million in a Form 8-K filed with the Securities and Exchange Commission (SEC). An SEC filing dated 12.…