Tag: investment portfolio

Moonshot Manifesto Edition 6.16.21

Hello Everyone!  Here is a weekly recap of Moonshot Manifesto Edition 6.16.21.  Download it here: MoonShot X Newsletter 6.16.2021

SEC Warns Mutual Fund Investors of Bitcoin Futures Risks

The U.S. Securities and Exchange Commission (SEC) warned investors in mutual funds that invest in bitcoin (BTC, +1.02%) futures products to monitor risks around the digital asset and the funds investing in the sector.   Bitcoin is a “highly speculative” asset, the staff statement, published Tuesday, said. The note warned that investors may be taking…
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Goldman Sachs Offering Bitcoin Derivatives to Investors

The bank will protect itself from the cryptocurrency’s volatility by buying and selling bitcoin futures in block trades. Goldman Sachs is offering investors access to non-deliverable forwards (NDFs), a derivative tied to bitcoin’s price that pays out in cash, according to a Bloomberg report. When reached by CoinDesk, the investment bank confirmed the news. The…
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Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap

Ether’s milestone comes with surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses…
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European Investment Bank Issues $121M Digital Notes Using Ethereum

Goldman Sachs, Banco Santander SA and Societe Generale AG served as joint managers. The European Investment Bank (EIB), the lending arm of the European Union, used Ethereum technology to issue €100 million ($121 million) in two-year digital notes for the first time, the EIB said in a statement.   Goldman Sachs, Banco Santander SA and…
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Bitcoin Price Drops as Turkey Bans Crypto Payments Amid Currency Crisis

Turkey’s crypto ban sets a bad precedent for other countries mulling similar moves. Billionaire investor Ray Dalio’s fear of governments outlawing bitcoin (BTC, -1.59%) to preserve their monopoly over currencies has come partly true in Turkey.   The currency crisis-riddled country announced a ban on cryptocurrencies as a means of payment early Friday, souring the…
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ETF investors say Coinbase listing will cause explosion in crypto investing

The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is going to blow people’s minds,” said Matt Hougan, chief investment officer at Bitwise Asset Management, which pioneered the first cryptocurrency index fund. “I think…
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Bitcoin Miners Are Again Stacking Coins in a Positive Sign for the Market

Blockchain data shows bitcoin (BTC, +2.27%) miners are accumulating coins and adding to bullish pressures in the market for the first time since December.   Analytics firm Glassnode’s miner position change metric, which gauges the 30-day change in the supply held in the miners’ addresses, recently turned positive in a sign of renewed holding by…
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Retail Investment App Amber Hits $1B AUM

Crypto market maker Amber Group’s trading app has passed $1 billion in assets under management (AUM), according to an announcement shared exclusively with CoinDesk.   The retail investment app boasts around 100,000 users, with numbers doubling between January and February 2021. The user count pales in comparison to the 43 million on industry titans like…
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