BlockTower Capital to Lose $1 Million After Betting Bitcoin Would Hit $50,000

post-img

Read More

BlockTower Capital, a hedge fund which manages more than $130 million in client assets, made a $1 million bet last year that Bitcoin’s price would go above $50,000 by the end of 2018. The Hedge Fund is expected to lose over $1 million in options by the end of the week. A Bitcoin Bet Gone…

$1 Million BTC Options Position Set to Expire on Dec. 28

post-img

Read More

Former portfolio manager at the University of Chicago endowment and current CIO of Blocktower Capital, Ari Paul, was reported to have made the largest-ever speculative play using BTC options during December of 2017. The contracts, which will expire on Dec. 28, 2018, are almost guaranteed to close as a total loss. Also Read: Report: Indian Government…

With Coinbase Custody, Institutional Investors Can Now Invest Billions in Crypto

With Coinbase Custody, Institutional Investors Can Now Invest Billions in Crypto

Read More

Coinbase, the world’s largest crypto exchange with more than 20 million active users, launched a custodian solution for large-scale institutional investors that could potentially attract billions of dollars worth of new capital into the crypto market. Sam McIngvale, a product lead at Coinbase Custody, said in a company statement that after receiving its first deposit…