High-profile investors reveal just how bullish they are on bitcoin
It's important to put money where your mouth is. Of course, if it is BTC, then putting bitcoin where your mouth is makes all the difference. The proclamation of former Facebook executive and investor Chamath Palihapitiya that he owns $5 million in bitcoins, around 23,000 bitcoin at current CoinDesk BPI prices, is an exercise in confidence for the electronic currency. And the fact that he wants to own at least $10 million more shows serious investor interest in a new type of asset class that some critics have in the past considered worthless. The Winklevii. The Winklevoss brothers,....
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Cryptocurrency-powered social network Reveal has closed $1.5m in seed funding from investors including Mike Hirshland of Resolute Ventures, Boost VC, Digital Currency Group and the Stanford StartX Fund. Founded by Matt Ivester, former CEO of social network Kindr as well as college gossip news site JuicyCampus, and Kindr CTO Josh Beal, Reveal is perhaps best described as a visually oriented, Q&A social mobile app. Like Instagram, SnapChat, Vine and other new social media incumbents, Reveal targets users in high school and college. Unlike these market leaders, Reveal's posts offer a unique....
Name: Reveal. What it is: A social networking question-and-answer app for mobile. Who's behind it: Led by the former founders of Kindr and gossip website JuicyCampus, Reveal has raised $1.5m from Boost VC and Digital Currency Group, among other investors. Cost: Free. Date launched: 16th June, 2015. Basic summary: Reveal is a SnapChat-like social network that allows users to ask questions and answer via photo or video. The social network uses reveal coin, an asset on the Stellar network, as its "currency of attention", allowing users a means to incentivize interaction. CoinDesk rating:....
The price of bitcoin has begun to test $600 following a high-profile exchange hack that left a wake of uncertainty for traders last week. Bitcoin prices reached a high of $598.64 this weekend, but since then have largely traded tightly in the $560 to $580 range, CoinDesk USD Bitcoin Price Index (BPI) figures reveal. These figures were much improved over the low of $480 observed last week and come amid new transparency from Bitfinex, the troubled exchange that lost 120,000 BTC (worth more than $60m) in a theft that has to date attracted ample mainstream media attention. For traders,....
The Bitcoin price has doubled since the halving in May, with Chainalysis attributing much of the bullish price action to the insatiable appetite of institutional investors. The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving.The firm identifies illiquid, or....
Institutional investors now bet on the possibility of Ethereum surging due to its financial market growth. Standard Chartered analysts trust Ethereum’s growth potential can overtake Bitcoin, the first cryptocurrency by market cap. However, technicals reveal that before future advancement, ETH is bound to retrace. Standard Chartered takes a bullish stand on Ethereum. ETH now has […]