Bill Miller’s Hedge Fund gained 46% with many attributing the success to the recent surges by Amazon and Bitcoin, as well as strategic investments in other high-performing stocks like Avon Products and ADT.
The financial whales are slowly diving into the crypto sector with the world’s 317th richest person, Henry Kravis, also trying his luck by joining the rapidly growing industry.
The recent Bitcoin price surge has made many crypto bulls including McAfee and Andy Cheung to believe that Bitcoin will surge to set new all-time highs way above the ‘conservative’ $20,000 in 2019.
Venezuela and Russia are discussing an option to use the Ruble and the Petro in their mutual trade settlements.
With its turnkey solution, the company allows clients to quickly launch their own projects in one of the most promising and fastest growing industries.
Huobi Japan Holding, one of the world’s largest digital asset exchanges, has acquired a majority stake in crypto exchange BitTrade, owned by a Singaporean entrepreneur.
The trading services were likely stopped due to some potential issues with the functioning of the Syscoin blockchain network as Binance caters to 87% of trading volumes for the SYS coin.
In 2019, the world will see Crypto — a cybercrime thriller that focuses on money laundering. Alexis Bledel, Beau Knapp, Kurt Russell, and other Hollywood celebrities will star in the movie.
Dong He, deputy director of the IMF’s Monetary and Capital Markets Department, published an article where he suggested that crypto assets may reduce demand for central bank money and proposed central banks create their own digitized assets.