Shark Tank’s Kevin O’Leary Invests $100,000 in Bitcoin Investing App

For several decades, banks and financial advisors have searched for ways to get those without vast resources to invest and save their money. An early example was Bank of America’s Keep the Change program, which rounded up purchases and moved the change to savings accounts. The Need for Passive Investment A few years back, the Lawnmower …

Crypto Funds Makes 20% of Total Hedge Funds Launched in 2018

The number of cryptocurrency hedge fund launches has increased dramatically in 2018 despite a bearish market, finds a new study. According to Crypto Fund Research, crypto funds now constitute 20 percent of the total hedge fund launches in 2018. The industry witnessed 90 cryptocurrency fund launches by the end of the third quarter of this …

Fidelity Investments Aims to Release Crypto Products by Year End

Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity …

Explaining the Recent Market Performance

Just when it appeared that the cryptocurrency market was about to bottom out just a fortnight ago (with Bitcoin reaching a reported 14-month volatility low), the market subsequently started displaying indicators of a directional shift. Last week however, we saw a short-term appreciation in value. In typical crypto fashion it was just as rapid if …

$500 Million Bitmain Data Center to Bring 400 Jobs to Texas Coal-Mining Town

Bitmain, the world’s largest bitcoin miner and mining equipment maker has announced construction plans for a new blockchain data center and cryptocurrency mining facility in the city of Rockdale in Milam County, Texas. CCN earlier reported that the company released plans to construct a data center in Texas as part of an ongoing North American …

40 Percent of Ontario Cryptocurrency Investors Have Sold All Their Coins

A survey conducted in Canada’s Ontario province has sought to shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the nascent technology. The study, which was compiled by the Ontario Securities Commission’s Investor Office, revealed that at the moment 5% of Ontarians, or …

1 in 3 Germans See Cryptocurrency as an Investment Opportunity

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! German retail bank Postbank has reported that according to a recent survey, 29% of Germans believe that cryptocurrency is a desirable investment opportunity. The results from Postbank Digital Study 2018 were announced after 3,100 Germans were interviewed from the …

47% of South Africans Plan to Invest in Cryptocurrencies

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Africa has the most sophisticated economy and financial sector on the continent, and its citizens are increasingly warming up to the idea of investing and trading in cryptocurrencies — despite regulatory concerns over such decentralised digital financial assets across the …

Global Blockchain Adoption Still Low, Gartner Survey Finds

Join our community of 10 000 traders on Hacked.com for just $39 per month. Adoption and interest in blockchain technology by global information company information officers is low, says Gartner in its 2018 CIO Survey, although executives from telecom, insurance and financial services have shown keenness in planning to adopt the decentralized technology. Although financial …

‘Big Four’ Giant PwC Invests in Chinese Crypto Startup VeChain

Join our community of 10 000 traders on Hacked.com for just $39 per month. PricewaterhouseCoopers, better known as PwC, has acquired a small ownership interest in VeChain, a China-based cryptocurrency with a market valuation of $2.7 billion, on May 4. VeChain x PwC In an official announcement, PwC Hong Kong and PwC Singapore revealed that …