Bitcoin Price Could Reach $45,000 by Christmas 2023: Matrixport
When bitcoin’s performance is positive in January, the rally tends to continue, the report said. Source
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Matrixport
Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go – Bitcoin News
The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport Lays Off 10% of Staff as
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U.S. Institutions Are Driving Bitcoin Prices, Matrixport Research
Bitcoin prices have been on the rise in the last couple of weeks and the digital asset has been able to return to its November 2022 levels. This has been a much-needed boost for the market during this time, but an unexpected investor group is reportedly driving the price of
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Jihan Wu's Matrixport Cuts 10% of Staff
At press time, Matrixport had more than 290 employees serving customers in 40 countries. Source
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US institutions account for 85% of Bitcoin buying in ‘very positive sign’ — Matrixport
Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist. Markus Thielen, the head of research and strategy at the financial services firm, told Cryptox the evidence shows that
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Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding – Bitcoin News
Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion. Matrixport Looks to Raise $100 Million From Strategic Investors The digital
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Matrixport Favors ‘Systematic Bitcoin Call Overwriting’ Strategy for 2023
An example of call overwriting is when an investor owns one bitcoin and sells a call option on it at a strike price that's higher than the current market price. For example, giving the option buyer the right to purchase the bitcoin at, say $20,000, when the current price is
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Crypto lender Matrixport seeks $100M funding despite lending crisis
Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million funding despite the ongoing crypto market crisis.Lead investors have already committed $50 million for Matrixport’s new funding round at a $1.5 billion valuation, Bloomberg reported on Nov. 25. The deal has yet
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Jihan Wu’s Crypto Lender Matrixport Looks to Raise $100M at $1.5B Valuation
The firm sees $5 billion in monthly trading volume, counts $10 billion in assets under management and custody, as well as $700 million in outstanding loans, according to its website. Matrixport "serves individuals as well as over 500 institutions across Asia and Europe" and has licenses in Hong Kong and
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Bitcoin Could Rally to $63K Ahead of Next Mining Reward Halving: Matrixport
"Prices started to rally 15 months before the next halving (November 2022) and they tend to finish 39% from where they traded 24 months prior. This would imply that bitcoin trades around $63,160 (March 2022 at $45,538*(1+39%) = $63,160) by March 2024," Thielen wrote in the latest edition of Matrix
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