Tag: Bitcoin (BTC)

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Crypto News

Canada-Based Rivemont Crypto Fund Holds Only 9% Of Its Investments Fund In Bitcoin (BTC)

The Canadian-based Rivemont Crypto Fund, managed by a Rivemont The cryptocurrency investments management firm, holds about 91 percent of its $2.3 million in trust assets, with only 9 percent in Bitcoin (BTC), as recently reported by Bloomberg.

The Rivemont Crypto Fund was founded in December 2017 and is reportedly the only actively managed cryptocurrency fund in Canada. The fund is registered with the Ontario Securities Commission, the Alberta Securities Commission, the British Columbia Securities Commission, and is licensed to operate in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Bitcoin Cash (BCH), and Ethereum Classic (ETC).

The fund also plans to invest in Initial Currency Offerings (ICOs) and alternative currencies such as Neo (NEO) and Dash (DASH).

The kernel will probably remain the main cryptocurrency [BTC] because that’s what investors know and want in their portfolio, but I think another half of the portfolio would probably be smaller, more speculative cryptos, and some that we think will probably have a better return.

Martin Lalonde, Rivemont Crypto Fund President and Portfolio Manager

The Rivemont Crypto Fund President thinks Bitcoin (BTC) will double or triple its value in the next two years

Lalonde told Bloomberg in an interview that he invested just over half of the fund’s assets in Bitcoin (BTC) and Ethereum (ETH) when BTC crossed a technical indicator on July 4th, and then switched back

The cryptocurrencies market is not really in a bullish run at the moment, so people are waiting to see if it’s going to go any lower. Those who think that interest in cryptos is running out are not watching closely. The opposite is happening.”

Martin Lalonde

According to Rivemont Crypto Fund, Bitcoin (BTC) will remain volatile but will reach new highs in the next two years, and it would maybe double or triple from where it is right now.

At the moment of this writing, Bitcoin (BTC) is trading at around $7,400, an increase of almost 10% in the last 24 hours.

As unveiled earlier this month, data from Autonomous Research show that the number of funds focused on crypto was estimated at 251 in April 2018, 175 of which were launched in 2017. In 2018, only 26 new crypto-related investments funds have been established, indicating a possible downward trend.

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Crypto News

To Become A Wall Street Financial Analyst You’ll Have To Know About Cryptocurrency

The conventional financial world and cryptocurrency have become more and more interconnected since the Bitcoin (BTC) price boom of 2017.

The CFA Institute, Chartered Financial Analyst, will include cryptocurrency-related questions in next year’s tests. The crypto and blockchain topics will be part of Levels I and II exams for financial analysts for the first time, that being a clear sign that the cryptos are here to remain on Wall Street, as Bloomberg said.

CFA Institute, whose three-tier training program educated over 150,000 financial experts, reported that the topics for the 2019 exams would be unveiled in August, giving applicants the chance to start studying for the required 300 hours in advance. Cryptocurrency courses are part of a new unit known as “FinTech in fund management” which was created by CFA Institute at the candidates’ demand.

Conventional financial world and cryptocurrency have become increasingly interconnected thanks to 2017’s Bitcoin (BTC) boom

The traditional financial world and the expanding crypto space have become more and more interconnected in the aftermath of last year’s Bitcoin (BTC) boom.

Bitcoin futures quoted on the Chicago Stock Exchange, firms like Goldman Sachs entering cryptocurrencies market and the repeated news that top Wall Street executives are moving into crypto space are just a few of the reasons why cryptos are becoming the real deal.

“This is not a fad. We saw that the issue was advancing faster and with greater projection than others,” explained Stephen Horan, one of the directors at the CFA Institute in Charlottesville, Virginia.

CFA’s crypto- and blockchain-based content will be featured along with other Fintech-related themes, including artificial intelligence, machine learning, and big data.

“It will be very good for us, as there has been a great expansion and adoption of cryptocurrency in our investment universe,” asserted Kayden Lee, 27, a student of financial economics at Columbia University to Bloomberg. Lee took the CFA Level I exam in June and is know getting ready for the next one.

In short, CFA Institute will include cryptocurrency-related topics in next year’s tests because the conventional financial world and cryptocurrency have become more and more interconnected.

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Crypto News

Can XRP (XRP) Outperform Bitcoin (BTC) And Ethereum (ETH) In Cryptocurrencies Market?

During December 2017 and especially in January 2018 XRP (XRP), back then known as Ripple (XRP), was one of the top earners of the cryptocurrencies market. In January, the XRP surged significantly, and many crypto enthusiasts and traders predicted that this crypto token would surpass Ethereum (ETH) by market capitalization. However, that didn’t happen. Can XRP (XRP) still outperform Bitcoin (BTC) and Ethereum (ETH)?

Since January, when the XRP traded above $3, the Ripple (XRP) dropped significantly and lost momentum as regarding the trading volumes. However, this fact was due to the many lawsuits involving Ripple, the XRP’s owner.

On the other hand, XRP (XRP) was not very successful within the US markets but managed to sign some important partnerships with various financial and banking institutions in the Middle East, India, and Japan. However, to date, the most successful deal seems to be the one with SBI Holdings with which Ripple managed to launch the VCTRADE cryptocurrency exchange platform.

Can XRP (XRP) outperform Bitcoin (BTC) and Ethereum (ETH)?

Well, if we are to believe SBI Holdings and VCTRADE’s CEO, Yoshitaka Kitao, XRP (XRP), formerly known as Ripple (XRP), would have all that a cryptocurrency needs to dethrone Bitcoin (BTC) and, subsequently, the Ethereum (ETH) which is currently the second-largest crypto by market cap.

But Yoshitaka Kitao is a renowned XRP (XRP) bull and enthusiast so that he might be subjective on this matter. Even more, the companies he manages are way involved with Ripple and its crypto token, so, this would be another reason why Kitao might be subjective.

Additionally, Brad Garlinghouse, Ripple CEO, doesn’t see in Bitcoin (BTC) a robust ecosystem for payments, while Ripple’s platforms and the XRP token provide cheaper and faster transactions, as he said.

As for the Ethereum (ETH), its decline might be caused not by the XRP (XRP), known until recently as Ripple (XRP), but by the fierce competition from EOS (EOS), TRON (TRX), and Zilliqa (ZIL).

That being said, XRP (XRP) could outperform Ethereum (ETH) but not because it is a stronger crypto token. On the other hand, exceeding Bitcoin (BTC) is harder to achieve, at least at the moment, even though the XRP blockchain is faster than BTC blockchain.

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Crypto News

Are We Witnessing Another Bitcoin (BTC) Bull Run?

Bitcoin (BTC) trades at about $6,735 after surging by about 2.60% in the last 24 hours. However, according to the majority of crypto investors, BTC must break above the $6,900 level to keep on rising. But, are we witnessing another Bitcoin (BTC) bull run?

According to the same experts, Bitcoin (BTC) might break above the $6,900 level very soon, and since that is achieved, BTC would surge even more towards $7,500 and then to $8,000.  And, more important, the technical analysis of Bitcoin (BTC) charts are matched by the current positive news regarding BTC, in this case.

Therefore, the latest news regarding the Bitcoin (BTC) futures, BlackRock involvement in BTC, and the emergence of institutional investors are all meant to help the leading cryptocurrency in the world by market cap to commence a new bull run.

Bitcoin (BTC) futures

The general sentiment characterizing the cryptocurrency enthusiasts and the Bitcoiners out there is that the US SEC will approve the Bitcoin (BTC) futures trading, recently filed by the CBOE.

And SEC might indeed approve it, following the models already established by more crypto-friendly countries, such as South Korea, Malta, Japan, Thailand, Germany, and Canada, among others.

Many predict that the SEC will approve it in August, triggering a true Bitcoin (BTC) bull run.

The BlackRock ETF trading platform involvement in cryptos and blockchain

Recently, BlackRock, the world’s leading ETFs trader, announced it would like exploring the advantages of the cryptocurrencies market and blockchain technology, and even mentioned Bitcoin (BTC) as their primary point of interest. Thus, BTC price surged by about $400 in less than a day, jumping from about $6,200 to approximately $6,400.

Institutional investors could boost the Bitcoin (BTC) trading volumes

Lately, the institutional investors showed a higher interest in the cryptocurrencies market and, on the other hand, some cryptocurrency-related platforms, such as Coinbase, started to provide specialized platforms for this type of investors who can skyrocket the trading volumes not only for Bitcoin but also for other cryptos.

One good example is the emergence of the Swiss SIX stock exchange into the cryptocurrencies market.

All these pieces of the puzzle, if placed together, yield a considerable opportunity for a new Bitcoin (BTC) bull run.

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Crypto Markets News

BlackRock, The World’s Leading ETF Provider, Aims At Bitcoin (BTC) Futures

The world’s largest exchange-traded fund (ETF) provider BlackRock has announced the creation of a working group to investigate a possible entry into Bitcoin (BTC) futures trading, Financial News (FN) reported today, July 16th.

The move would be a 180-degree turn for BlackRock, as the company had spoken out against cryptocurrencies in the past. Following the example of competitor Goldman Sachs, the cross-industry working group led by BlackRock is to investigate, among other things, whether the company should invest in Bitcoin (BTC) futures, reports FN.

In a general commentary to FN, a spokeswoman for BlackRock announced that the company had been “looking at Blockchain for several years.” Cryptocurrencies were not mentioned.

On the other hand, Goldman Sachs CEO Lloyd Blankfein is said to have told the media that Bitcoin (BTC) “is not for him” before he suddenly announced that a dedicated research team was investigating how Goldman could offer a range of crypto-related services to meet customers demands.

BlackRock exchange-traded fund (ETF) provider follows Goldman Sachs steps and explores Bitcoin (BTC) futures trading advantages

BlackRock seems to match the actions made by Goldman Sachs, despite the fact that managing director Larry Fink described Bitcoin (BTC), shortly before the currency’s all-time high last year, as “an instrument for money laundering.”

In February 2018, the company announced that it was investigating cryptocurrency solutions and was considering a “broader” application in the future.

BlackRock recorded revenues of almost $6.3 billion in 2017.

The bottom line of the news is that institutional funds seem to be waiting for an ideal entry point, as many commentators on the scene describe it. Over the weekend, CNBC’s trade advisor Ran Neuner suggested that a future influx of institutional money in 2017 will make it look like a warm-up.

BTC surged by 4 percent in just 2 hours this morning, apparently due to the bullish news that BlackRock aims Bitcoin (BTC) futures. At the time of this article, BTC trades at $6,622 appreciating by about 4% in the last 24 hours.

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