Ethereum holder turns $38K into $30M after 8 years

Bitcoin is set to move upward in September, but traders are now less confident it’ll break the $100,000 mark before the end of the year.

In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation. 55 Total views 23 Total shares Bitfury, one of the world’s largest companies in the blockchain industry, is mulling a potential initial public offering, or IPO, as part of the company’s global growth plans, the company’s CEO…

Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.Notably, it was one of the few institutions offering services to crypto companies in the United States as other banks shied away from the sector, fearing risk and the possibility of a sudden regulatory crackdown. The downfall of SVB,…

Bitcoin (BTC) short-term holders are feeling the need to sell BTC at $30,000, data shows.In research released on June 28, on-chain analytics firm Glassnode flagged tens of thousands of coins being sent to exchanges.Bitcoin speculative exchange moves “intensifying”BTC price action stalling at $30,000 is prompting a rethink when it comes to buyers who have turned…

In a new survey, a number of cryptocurrency and fintech professionals expected a "hyperbitcoinization" to take place by 2040. 771 Total views 7 Total shares Bitcoin's (BTC) current price slump has failed to dampen some experts' optimism regarding the world’s biggest cryptocurrency. In a new survey by personal finance comparison platform Finder.com, half of the respondents believe…

SBI Ripple Asia and the Japan Payment Card Consortium have announced a joint proof of concept (PoC) to combat fraud with blockchain technology, according to an official release published Nov. 16.According to the news release, the PoC will be conducted on R3's blockchain platform, Corda, and will aim to prevent damage wrought by fraudulent transactions…

John Deaton believes the unequal treatment raises concerns about the regulatory body’s effectiveness and fairness, as well as the overall framework for digital assets. 249 Total views 2 Total shares Pro-XRP lawyer, John Deaton, has said that the actions taken by the United States Securities and Exchange Commission (SEC) against the crypto industry are driven…

Veteran futures trader Peter Brandt has suggested that the price of Ether (ETH) could drop to as low as $1,268 in the coming month, but the consensus view of 15,500 members of the CoinMarketCap community is that the price will have hit roughly $3,131 by June 30. The Ethereum network is now in the final…

The major disconnect between crypto traders’ growing short-term market uncertainty and crypto builders becoming more bullish than ever creates a prime setup for long-term investors, according to a crypto hedge fund founder. “This is one of the starkest divergences I’ve seen in sentiment and fundamentals,” BlockTower Capital founder Ari Paul said in a March 14