Falcon Global: Fund Closure No Sign of Declining Bitcoin Demand
Falcon Global Capital is taking aim at what it considers the misconception that the firm is struggling to garner interest after closing its bitcoin investment fund due to declining demand. Such characterizations first emerged in a Bloomberg article that drew parallels between the fund closure and the decline in the price of bitcoin this year. Though the article suggested this development was perhaps negative for the company - which has often been portrayed as an investment fund, Falcon Global Capital believes it is simply moving to better capture already strong customer demand. Speaking to....
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It was reported earlier this week by Bloomberg that private investment fund Falcon Global Capital had closed its bitcoin fund due to the digital currency's slowing demand. While the fund has indeed ceased, Falcon CEO Brett Stapper is claiming that demand had little to do with the decision, and that it was rather a planned move following Falcon customers' lagging eagerness to have their bitcoins managed by a third party, and that closing the fund gives Falcon the opportunity to place more focus and attention on their latest consulting service which has experienced rising popularity since....
Brett Stapper Source: Falcon Global Capital. A bitcoin investment fund by the name of Falcon Global Capital is looking to buy bitcoin from the FBI - 27,000 BTC, in fact. The bitcoins are those seized from the Silk Road bust late last year, and are worth just under $15 million at the present exchange rate. According to Brett Stapper, co-founder of the fund (which describes themselves as an "SEC Regulation D Private Investment Fund that invests solely in the Bitcoin markets"), the FBI hasn't yet approved or denied the firm's offer. Stapper notes that Falcon's lawyers are calling daily to....
There isn't any doubt that big companies like VISA and MasterCard have troops of lobbyists in Washington, D. C. looking after their interests. But a San Diego-based investment firm that focuses exclusively on bitcoin - Falcon Global Capital - is working to even the balance of power. Company managing director Brett Stapper has moved to file paperwork (as of 22 May) to lobby Congress and other federal agencies, according to an LD-1 disclosure, a form used to register as a lobby. According to the form, specific lobbying issues include the "Education and understanding of Bitcoin and other....
Recently GAWMiners had announced the impending release of the ZenController a new controller for their Scrypt miners that were also being released at the same time. GAWMiners 27 mh/s Falcon Running on a ZenController. For this review, I have the ZenController from ZenMiner and the GAWMiners 27 mh/s Falcon Scrypt ASIC miner. Specifications. Falcon. - Hash Rate: 27MH+. - Case: Aluminum Custom Case. - Chip: 55nm GAW Miners dedicated ASIC Scrypt (QFN Design). - Power Consumption: 1040W. ZenController. - Raspberry Pi. - Custom zenMiner image on SD card. - Power supply. - Cat-6 cable I must be....
There is more trouble brewing for banks active in Singapore, though. A final assessment of Standard Chartered Bank is expected to be revealed soon. The financial relationship between Switzerland and Singapore has come under even more pressure than before. Singapore central bank officials forced Falcon Private Bank to shut down immediately. This is a direct result of the ongoing money-laundering operations in the country, and Falcon Private Bank is the second Swiss financial institution forced to close its doors. The Monetary Authority of Singapore has ordered the local branch of Falcon....