Michael Saylor of the North? Canadian Firm NexTech AR Uses $2M of Treasury Funds to Buy Bitcoin
NexTech's Evan Gappelberg is the latest CEO to use company treasury funds to buy bitcoin. Source
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Funds
Hedge Funds are Betting Heavily on a Bearish Bitcoin Reversal, Report Shows
Bitcoin’s uptrend over the past few months has been historic, with bulls taking full control of its price
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Bets on Tech Stocks and Cryptocurrencies Brought Small Fortune to US Top Funds in 2020
Meanwhile, funds that trusted oil and gas, suffered losses. In particular, the Direxion Daily S&P Oil&Gas E&P 2X ETF lost 97.3% this year. The Direxion Daily Junior Gold Miners Bear 2X ETF plunged 95.5% in 2020.This year, the coronavirus pandemic has upended the market and challenged investors, both institutional and
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UK Crypto Exchange EXMO Says $4M of Hacked Funds Was Through Poloniex
EXMO has confirmed an estimated $4 million of cryptocurrency was stolen through the exchange Poloniex during a hack on Dec. 21. Source
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French Mobile Payment App Lydia Bags $86 Million in Funds
Users of Lydia can now spend money in their account directly using a Visa debit card as a result of an upgrade of the platform. The app also allows users to generate a virtual card that’s accepted by Google Pay and Apple Pay.Lydia, a French mobile payment app and fintech
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Square Crypto Funds Development of Bitcoin UX Research
Square Crypto is bankrolling its 8th designer grant to focus on Bitcoin’s user experience. This marks the Square offshoot’s 20th grant in support of Bitcoin development since it launched in the summer of 2019.Portuguese software designer Patrícia Estevão is Square Crypto’s most recent grant recipient. Per her grant proposal, the
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Crypto funds see near-record inflows as capital floods out of gold
A new report from market data aggregator CoinShares has revealed recent surging crypto inflows amid record gold outflows.The report, published Dec. 7, notes that gold investment products have seen record outflows of $9.2 billion over the past four weeks, as BTC products saw inflows of $1.4 billion.The combined crypto fund
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Blockchain Bites: Square’s Green Bitcoin Pledge, $15B AUM in Crypto Funds
Square will invest in environmentally conscious bitcoin tech. Spain’s second-largest bank is reportedly planning a leap into the digital asset industry. And large crypto funds topped a combined $15 billion AUM, as markets trade sideways. Top shelfGreening the orangecoinSquare has announced the launch of a Bitcoin Clean Energy Investment Initiative, where
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Crypto Funds Have Seen Record Investment Inflow in Recent Weeks
Last week, as bitcoin broke its all-time price high, institutional investors poured the second highest amount on record into cryptocurrency funds.According to a Reuters report citing data from digital asset manager CoinShares on Monday, large scale cryptocurrency funds saw an inflow of $429 million last week alone. The largest-ever weekly
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CME Leveraged Funds Double Down on Shorts as Bitcoin Maintains $19,000
Fresh off of bitcoin’s record high in late November, leverage funds trading bitcoin futures on the Chicago Mercantile Exchange continue adding to their short positions as the leading cryptocurrency trades above $19,000.Update (Dec. 5, 17:38 UTC): This article has been updated to reflect the carry trade possibility for short OI increase
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