Business

Anthony Pompliano Continues Push for Pension Fund Crypto Allocation

[ad_1] As pension funds struggle with their funding, Morgan Creek Digital co-founder Anthony Pompliano continues to press them into adding more Bitcoin into their portfolios. In a letter to investors, Pompliano said pension funds like the California Public Employees’ Retirement System (CalPERS) will do well to invest in Bitcoin instead of increasing their allocations of illiquid assets. “It is as clear as possible — adding an allocation to Bitcoin would increase
BLOCKCHAIN

OmiseGO’s Parent Company SYNQA Raised $80 Million in Series C

[ad_1] SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures.In a June 22 announcement, Thailand-based fintech company SYNQA stated it had raised $80 million in a Series C funding round led by Siam Commercial Bank subsidiary SCB 10X and the Asia-based venture capital group SPARX. Other investors included the Japan-based Toyota Financial Services Corporation, Sumitomo Mitsui
EXCHANGES

What’s Behind High Ethereum DeFi Yields? A Top Investor Explains

[ad_1] Ethereum-based decentralized finance has seen quite the frenzy over the past few weeks. After taking a large hit due to March’s liquidation event, this segment of the cryptocurrency market has been back on the rise. The growth culminated this week in the public launch of the COMP token, the governance token of Ethereum-based protocol Compound. Compound is a money-market protocol that allows users to borrow and lend cryptocurrencies such
BLOCKCHAIN

$10M Investment From Tether Won’t Change Celsius’ Mission of Sharing

[ad_1] Tether (USDT) makes a $10 million equity investment in the crypto lending platform Celsius Network (CEL) at a $120 million pre-money valuation, bringing the post-money valuation to $150 million. The company has raised $30 million in its first equity round. In 2018, Celsius completed a $50 million ICO. Celsius CEO Alex Mashinsky told Cointelgraph that his company has continued its policy of not fundraising from venture capital. Investors will have no
ANALYSIS

3 Things to Know About BTC Futures and Crypto Exchange Liquidation Engines

[ad_1] Most traders fail to understand how Bitcoin (BTC) derivatives exchanges handle their risk. There is a consensus that the winners get paid by the losing parties, but it is not as simple as it seems.Insurance funds were initially designed to protect clients positions during excessive volatile periods. Nonetheless, some exchanges such as BitMEX display a relatively steady insurance fund hoarding despite significant hourly price swings of 10% or higher.BitMEX
EXCHANGES

Meet Mistcoin – The First Mineable SLP Token Implementation Launched on Bitcoin Cash

[ad_1] Bitcoin Cash proponents have been introduced to a new project built using the Simple Ledger Protocol (SLP) framework called mistcoin (MIST). The new token is essentially the first mineable implementation of colored coins on Bitcoin Cash. Mist allows participants to mine the SLP tokens “using proof-of-work to help decentralize allocation of newly minted tokens.” It seems an unknown developer called “Kasumi” created a Simple Ledger Protocol (SLP) token that
EXCHANGES

Why Bitcoin Trading in Tandem With the S&P 500 Isn’t a Bad Thing: Analysts Explain

[ad_1] One of the most common narratives in the Bitcoin space is that it is entirely uncorrelated with other financial markets. Because cryptocurrencies are mostly separate from normal economic trends, it was easy for many to think that BTC is unaffected by, say, a recession. But over the past few months, the narrative has quickly gone out the window. In March and April, BTC and the S&P 500 traded with
BLOCKCHAIN

Cyprus Hospital Ready to Store COVID-19 Test Results on Blockchain

[ad_1] Blockchain tracking platform VeChain announced on Twitter on June 20 that its blockchain-based medical data management platform co-developed with digital healthcare solution firm I-Dante has gone live and will store COVID-19 testing results. The platform, dubbed E-NewHealthLife, was deployed in the Mediterranean Hospital in the Republic of Cyprus.Cyprus citizens who go to the hospital’s COVID-19 laboratory to undergo real-time diagnostic and antibodies testing, will have their medical and test
Business

Bitcoin’s Battle, Robinhood Tragedy, $2.1B Black Hole: Hodler’s Digest, June 15–21

[ad_1] Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekShould Bitcoin traders stay bullish if BTC price corrects to $7,700?Bitcoin is at a pivotal point — and the next few weeks are likely to be
EXCHANGES

XRP Prints a Macro Bull Signal: A Top Analyst Says It’s Still Poised to Crash

[ad_1] XRP has not fared as well as Bitcoin, Ethereum, and other top cryptocurrencies have over the past few weeks. As the market leaders have stalled, trading in tight ranges, XRP has slid lower and lower. From May’s highs of approximately $0.23, the cryptocurrency has collapsed by 20% to $0.185 as of the time of this article’s writing. The bearish price action, though, has allowed the altcoin to print a