MicroStrategy still doesn’t plan to sell its Bitcoin, according to the company’s new Chief Financial Officer Andrew Kang. The recent bear market, which has brought Bitcoin’s value below the company’s average purchase price, hasn’t shaken the organization’s faith. “At this time, we do not have any intention to sell,” said the CFO, after joining the company on May 9th hailing from GreenSky. “There are no scenarios that I’m aware [in which] we would sell.” Shareholders also remain confident and reportedly…
Tag: Crypto Investors
Coinbase Under Fire Following Remarks from Angry Customers
A report from CNBC suggests the Coinbase exchange allegedly neglected its customers' queries on unmonitored account takeovers. CNBC held several interviews with the exchange's customers, who claimed money vanished from their accounts, and Coinbase didn't explain why. A pattern came out where cybercriminals took over Coinbase accounts, and there was minimal or no response from the network's customer service. Coinbase Users Raise a Cause for Alarm Tanja Vidovic witnessed the draining of $168,000 from her crypto account after someone gained…
9 months ago 274
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CryptoQuant Raises $3 Million in Hashed-Led Funding Round
According to a recent press release, CryptoQuant has raised $3 million from industry investors during the recent funding round. The fund was led by Hashed, a globally renowned blockchain capital firm. The firm has been financially supporting blockchain projects towards a decentralized future and has invested in public blockchain projects like Klaytn and Line’s LINK. Other significant investors who participated in the fund include Galaxy Interactive, Mike Novogratz, Youbi Capital, and Mirae Asset Capital. CryptoQuant stated that it would focus…
10 months ago 204
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The Various Types of Crypto Investors
Cryptos have been hyped as a strong contender for the next evolution of money. Their various revolutionary features have always driven the growing interest in them, both as a means of exchange and asset. Having had very humble beginnings in 2009 as more or less a geek's plaything, usage and investments have since surged. Investors, both veterans and newbies, keep regarding it as a viable avenue to entrust their hard-earned capital. The diversity in players investing in cryptos has profoundly…
1 year ago 565
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Newcrest Mining CEO: Crypto Investors Need Gold to Hedge Against Price Volatility
Sandeep Biswas, CEO of Newcrest Mining, one of the world's largest gold mining companies, suggested that crypto investors should consider buying gold to hedge against the crypto market's high price volatility. In an interview today, Biswas told Bloomberg that part of the reason crypto investors should acquire the popular bullion is that its value is more stable. According to the CEO, owning gold will be in the best interest of cryptocurrency investors. Hedging Against Price Volatility Biswas’ comment comes on the…
1 year ago 149
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The Importance of System Stability of Crypto Exchanges
In March 2010, the now-defunct bitcoinmarket.com started as the first and only crypto exchange. However, the growth of cryptocurrencies and upsurge in tradable coins caused a rise in the number of crypto exchanges globally. By 2018, the number of crypto exchanges was estimated to be more than 500 platforms. Exchanges have the aptitude to provide high liquidity to any crypto assets and offer faster and cheaper transfers. Although exchanges have fostered growth in the past three years, their instability is still…
2 years ago 452
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Synthetic Assets – Why Crypto Investors Should Consider them
Synthetic assets have been a standard fixture in the traditional financial market. However, with the financial world shifting to a digital approach, it is no surprise that synthetic crypto assets are also cropping up. Like many other investment vehicles, synthetic crypto assets are quite similar to those in the traditional market. In this article, we will delve into the details of synth assets and how they work. But, before we get into the nitty-gritty details of synthetic assets, how about…
2 years ago 400
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The Emergence of Crypto IEO: Could 2020 Be the Hottest Fundraising?
In just over a year since it became popular, IEO (Initial Exchange Offering) managed to replace ICOs (Initial Coin Offerings) as the fundraising system of choice for a majority of blockchain enterprises. In simple terms, IEOs are a token sale that operates through a partner exchange. It's identical to an ICO in almost every way except that investors who can participate in the sale are typically limited to users on the associated exchange. The IEO process kicks off with an…
2 years ago 591
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The Difference between Investors and Traders in the Crypto Market
Before buying any cryptocurrency, you must decide if you want to be an investor or a trader. Familiarizing with the difference is crucial and will save you from massive loss. The worst thing you could do when entering crypto markets is being an investor who thinks like a trader, or vice versa. People can use the coins to purchase goods or services, buy and hold cryptos, diversify their portfolio, or buy and sell cryptocurrencies to profit from short-term price movements.…
2 years ago 517
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