The Best in Crypto – 2/8/18

“Bitcoin Bull is Not Over” – Novogratz Raises $250 Million for Crypto Merchant Bank 

In late December, former fortress macro fund manager and crypto billionaire shelved plans to launch his cryptocurrency fund because he expected it to drop to $8,000, noting that the Bull Market is not over (ZeroHedge).

Forbes Publishes “First-Ever’ Richest People in Cryptocurrency List 

With the goal of shifting the view on crypto to the legitimate asset it is, and not only the currency linked to crime, Forbes categorized the list into five categories: Idealists, builders, Opportunists, infrastructure players and establishment investors (Cointelegraph).

India: Media Creates Panic Over 2-Month-Old Crypto Tax

Back in December, a tax reclaiming scheme attracted negative press after confirmatory comments it’s continuing (Cointelegraph).

Bust Secretary Advisor Warns Against Blockchain Cold War

The man who helped invent the financial embargoes that cut off terrorist funding after 9/11 is concerned that cryptocurrencies could be used to undermine his creations (Coindesk)

Crypto’s Price Correlation Isn’t Killing the Industry High 

Though it’s ‘investing 101’ advice, CEO Peter Smith’s stance on crypto is: “Buy crypto in amounts you’re not worried about, and sell it whenever you start thinking about it” (Coindesk).

Bitcoin Price Continues to Recover After Punishing January and Fears of a Crash 

The last few days marks the first time in weeks that the price hasn’t been in a consistent landslide, and has been gaining (The Independent).

Bitcoin Surges More Than $2,000 in Just Over a Day 

On a 24-hour-basis, the 15 largest cryptocurrencies by market cap showed double-digit gains (CNBC).

Winklevoss Twins Say Bitcoin Will Hit $320,000 and Non-Believers Suffer a ‘Failure of Imagination’

Tyler and Cameron Winklevoss, who made and lost money via Bitcoin, said, “We think regardless of how the price moves in the last few weeks, it’s still aa very under-appreciated asset” (Fortune).

 

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