XRP Puzzle: London Fund Manager Breaks Down Why Price Isn’t Rising
Banks and other global financial organizations are becoming more interested in XRP, the cryptocurrency and digital payment system. However, the price of the altcoin has not changed, leaving many investors and analysts perplexed. While some contend that the usage of Ripple’s private ledger conceals XRP’s actual value, others attribute this to issues with liquidity and market sentiment. Related Reading: Solana Marks 5-Year Journey – 400 Billion Transactions And Counting Private Ledger May Be Limiting Price Growth According to DigitalG, a former fund manager in London,....
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A cryptocurrency expert thinks that XRP might overtake Ethereum in market value in the next three months, which could threaten Ethereum’s position as the second biggest cryptocurrency. This claim has triggered arguments in the cryptoverse, with some people doubting if Ethereum can stay in its No. 2 spot. Related Reading: XRP Puzzle: London Fund Manager Breaks Down Why Price Isn’t Rising Ethereum’s Struggles Raise Worries Ethereum has struggled in recent months, leading some analysts to suggest that its dominance is fading. According to reports, Ethereum’s market cap has....
The first publicly available U.S. mutual fund that generally tracks the price of Bitcoin has been launched by a $60 billion fund manager.
A cryptocurrency fund manager has been charged in a U.S. federal court. He allegedly took over $5 million from investors interested in investing in his crypto funds, promising them high returns. In reality, he was running a Ponzi scheme and is now facing up to 30 years in prison. Crypto Fund Manager Arrested for Running a Ponzi Scheme The U.S. Department of Justice (DOJ) announced Tuesday that Jeremy Spence has been arrested and charged in Manhattan federal court in a fraudulent cryptocurrency scheme. The 24-year-old from Bristol, Rhode Island, is also known as “Coin Signals.”....
The financial asset manager, Wisdomtree, is now the second institution to file for an ethereum-based exchange-traded fund (ETF), following Vaneck’s recent filing on May 7. The recently filed S-1 with the U.S. Securities and Exchange Commission (SEC) says the fund’s “investment objective is to gain exposure to the price of ether.” Wisdomtree Follows Vaneck’s Lead and Files for an Ethereum-Based ETF On Thursday, Wisdomtree revealed it wants to list an ether-based ETF on Cboe BZX Exchange, according to the firm’s latest S-1 filing. The SEC must approve the....
Billionaire hedge fund manager Paul Tudor Jones says cryptocurrencies, specifically bitcoin and ethereum, will be “at a value much higher than where we are today.” Confirming that he still owns bitcoin, the famed hedge fund manager revealed that he “always” has a small allocation of bitcoin in his portfolio.
Famed Hedge Fund Manager Paul Tudor Jones Still Owns Bitcoin
Billionaire investor and renowned hedge fund manager Paul Tudor Jones talked about bitcoin and the U.S. economy in an interview with CNBC Monday. Jones is the founder of asset management....