Monthly Archives: February 2021

Bill Miller’s Multibillion-Dollar Hedge Fund to Add Bitcoin Exposure via GBTC

Billionaire hedge fund manager Bill Miller’s flagship fund will soon be able to add bitcoin exposure by investing in Grayscale’s bitcoin trust (GBTC), according to its filing with the U.S. Securities and Exchange Commission (SEC). The fund currently has about $2.25 billion in assets under management. Bill Miller’s $2.25M Hedge Fund to Invest in GBTC The Miller Opportunity Trust, a hedge fund in the Miller Value Funds family, has filed an amendment to its registration statement with the U.S. SEC to be able to gain exposure to […]

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Miami mayor aiming for ‘the most progressive crypto laws’

“We want to make sure that we believe that if all things are equal, we win,” said Mayor Francis Suarez. Francis Suarez, who has served as the mayor of Miami since 2017, wants to make the city the most attractive in the United States for those in the crypto and blockchain industry. In an interview with Forbes published Sunday, Suarez said lawmakers in Miami were looking into the policies of crypto-friendly areas like Wyoming and New York in an effort to promote regulatory incentives for crypto and blockchain […]

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Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison

The founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that Stefan He Qin, a 24-year-old Australian national and founder of two crypto hedge funds, has been charged with securities fraud and has pleaded guilty in Manhattan federal court. Qin “owned and controlled two cryptocurrency investment funds” called Virgil […]

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Anon-powered options: DeFi platform Premia goes live

An all-anon team is hoping to realize the long-awaited dream of a flexible DeFi options platform The Anon Powered development team has announced today the launch of Premia, the latest decentralized finance (DeFi) options platform live on Ethereum.  In an interview with Cointelegraph, the group of semi-anonymous developers behind Anon Powered — who collectively requested that they be referred to as “members of the Premia Republic,” the name for Premia’s forthcoming DAO — said that out of the gate users will be able to write, sell and […]

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Billionaires pushing crypto: Mexico’s third-richest person changes Twitter bio to include Bitcoin

Elon Musk continues pumping DOGE while Ricardo Salinas Pliego sticks to Bitcoin. Ricardo Salinas Pliego, chairman at conglomerate Grupo Salinas and Mexico’s third richest person, is plugging Bitcoin on social media. The billionaire with an estimated net worth of more than $13 billion as of January changed his Twitter bio over the weekend to include the Bitcoin (BTC) hashtag. Crypto Twitter users and some of Salinas’ more than 840,000 followers reported noticing the change Saturday around the time the price of the crypto asset surged to more […]

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Top 5 cryptocurrencies to watch this week: BTC, DOT, LINK, XLM, THETA

Bitcoin is facing rejection above $40,000, but if the bulls do not give up much ground, several altcoins could resume their uptrend. Bitcoin (BTC) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin. Similarly, Ether (ETH) with a market cap of about $180 billion also cannot be ignored by the investors.  The institutional adoption of the top two cryptocurrencies is likely to attract numerous venture capitalists and early […]

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German Authorities Can’t Access Bitcoins Worth $65 Million ‘Seized’ From Hacker

German authorities have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who kept silent about how to access his crypto stash while serving his prison sentence. German prosecutors in the Bavarian town of Kempten said Friday that they have been unable to gain access to more than 1,700 bitcoins they said were seized from a hacker. The hacker, who was 29 years old at the time, was convicted in April 2014 of computer fraud, among other charges. He covertly installed […]

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Robinhood and GameStop proved we need a new financial system

It’s time to shine for DeFi, as the old financial system has rotted and degenerated and has been the main villain amid the GameStop saga. King Midas is most famously remembered through the fable we tell our kids that the king could turn everything he touched into gold. At first, it was a great idea that his greed turned even food into gold, leaving him wealthy but unable to live.  Robinhood’s CEO and its board had the impossible King Midas dilemma this week: deciding whether to side […]

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You Musk be joking: Is Elon just messing with us over DOGE?

Is Elon Musk just trolling the cryptocurrency community with his support of Dogecoin? Elon Musk, the billionaire founder of Tesla and SpaceX, has touted the revolutionary impact of cryptocurrencies – while seemingly poking fun at the concept in the same breath. In a video that was uploaded by Kevin Svenson, Musk can be heard saying, “there is a good chance that crypto is the future currency of Earth.” How ironic would it be if Dogecoin (DOGE), the coin invented as a joke, wins out in the end, […]

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Luxurious Pro Network Token Officially Listed on PROBIT

PRESS RELEASE. The LUXURIOUS PRO NETWORK TOKEN is now officially listed on PROBIT, a globally reputed professional digital currency exchange. Officials from both the organizations have expressed their opinion in this regard. “In my opinion, LPNT’s solid strategy will benefit users and investors in multiple ways because this financial revolution has everything to top the growth ladder for a long period of time, said Mr. Eesmond Hwee, Associate Director, PROBIT.” “Listing on PROBIT, an internationally reputed digital currency exchange, will boost LPNT’s utilization, circulation, demand & supply […]

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