The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date, making it once again the best-performing asset just as it has been for the past decade. Strangely enough, the public seems completely oblivious to this fact. But not everyone is ignoring Bitcoin’s latest rally above $16,000. Currently, the price is just 20% shy of its all-time high. Wall Street is not here yet Considering the impressive year Bitcoin is having, it’s not surprising that Wall Street is now starting to realize that the world’s first decentralized cryptocurrency …

Famed Wall Street investor and billionaire Paul Tudor Jones said that he likes Bitcoin "even more than I did then,” referring to his initial investment announced in May 2020. Jones praised Bitcoin on CNBC’s Squawk Box morning show, revealing that he holds a “small single-digit investment” in the asset. His investment thesis remains unchanged — Bitcoin is an excellent hedge against inflation, which is expected to ramp up in the next few years due to central bank intervention. Unprecedented amounts of quantitative easing and balance sheet expansion, in addition to more aggressive commitment to inflation by the Fed, resulted in …

Programmers have found a way to replace the core service offerings of Wall Street and an army of corporate lawyers with 800 lines of smart contract code. The “De” in DeFi stands for “decentralized,” meaning there are no intermediaries in the process. Despite the raw and unpolished user interface, billions of dollars in assets flow through new decentralized apps every day. We’re only at the beginning of the growing DeFi bubble, and there are already tokens worth more than Bitcoin (BTC). Some of these tokens are nothing more than a name, code and smart marketing. There are shrimp, burger, spaghetti …

I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class. One of the most relevant recent developments, which is often not covered, is the emergence of crypto hedge funds. Compared to the early days of crypto assets, when there were mainly private investors or traders in the space, a massive inflow of professionals entering the market has begun with the emergence of crypto hedge funds. In fact, looking at data from 150 of the largest global crypto hedge funds, 63% were launched …

Bitcoin bull Anthony “Pomp” Pompliano may have just persuaded Jim Cramer, the outspoken host of CNBC’s Mad Money, to invest in crypto. In a Sept. 10 tweet, Pomp claimed to have converted the man who once stated that Bitcoin (BTC) was like “Monopoly money” in a recording of his podcast, scheduled to be released on Sept. 14. His statement appears to have been confirmed by Cramer, who retweeted Pompliano immediately. Source: Twitter Anthony Pompliano is well known for a podcast in which he educates laymen and outright skeptics regarding cryptocurrency and Bitcoin. In a July appearance on the Bill Bert …

Crypto-focused institutional trading desks are lately springing up. While Wall Street investment banks and hedge funds are still in the early stages of involvement, a class of crypto-native funds founded by institutional pros is by now well established. Cointelegraph interviewed the co-founder of one of these funds, CMS Holdings’ Dan Matuszewski, to learn more about his views on the crypto market. Before involving himself in crypto in 2012, Matuszewski worked for some years at Bay Hill, an institutional hedge fund. Most of his career was nevertheless tied to crypto, with a brief stint at Kraken and a longer tenure as …

When I began to get interested in trading, about 20 years ago, I read many books on the topic. One day, I saw: “In order to make money in the markets, the importance is not to lose.” Duh! — did I tell myself while reading… only later to discover the real meaning behind that catchy phrase, which I have since applied when trading, and to a great benefit. The eighth wonder of the world In order to understand the true meaning of, “In order to make money in the markets, the importance is to not lose,” one has to remember …

Deutsche Bank was recently ordered to pay a $150 million fine for “significant compliance failures” in its relationship with alleged child sex trafficker, Jeffrey Epstein. The Bitcoin community on Reddit is highlighting this latest case of misconduct from major financial institutions. According to CNBC reporting on Tuesday, New York state financial regulators issued a $150 million penalty to the bank for offering banking services to Epstein despite being aware of his previous indictments. In the consent order under which Deutsche agreed to pay reparations, regulators show that the bank’s executives were aware of a memorandum that detailed Epstein’s long history …

When blockchain technology began to expand beyond Bitcoin (BTC) and into more general-purpose applications, many within the industry saw an opportunity to remake key financial infrastructure using this technology. They soon came to realize that this novel technology with game-changing potential lacked the reliability and performance that would allow it to compete with industry stalwarts, such as the Society for Worldwide Interbank Financial Telecommunication, or SWIFT. The potential was there, but it was still a little too early. Fast forward a couple of years, and this larger trend to remake core financial functions on open networks has given rise to …

When the Goldman Sachs report came out dismissing Bitcoin’s status as an asset class, there was significant backlash from the crypto community. This is understandable, as for those building in crypto, the points against Bitcoin didn’t make sense. For nearly a decade of my career, I was a banker at Goldman, but decided to leave Wall Street to join an incredible group of people at OKCoin, who are on a mission to make crypto trading easy and accessible for everyone around the world. Having been on both sides, I can appreciate why Goldman Sachs analysts made certain arguments in their …

In an exclusive interview with Cointelegraph, Jenny Ta, the former CEO of multiple investment firms and founder and chief executive of crypto-powered social marketplace, CoinLinked, discussed her journey transitioning from Wall Street to the decentralized economy. The serial entrepreneur and self-made millionaire emphasized the challenges of seeking sound legal advice for an emerging sector that is subject to rapidly evolving regulation. However, Ta predicts the increasing maturation of blockchain regulation will drive widespread adoption of crypto assets. From Wall St to crypto Ta recounts first hearing about Bitcoin (BTC) through the Winklevoss twins, however, stated that she “got really serious …

Paul Tudor Jones, a legendary hedge fund investor, triggered massive excitement in crypto markets yesterday by revealing that Bitcoin (BTC) is part of his portfolio. Traders and industry players like BitMEX’s CEO expect that the move will bring more big investors to the market. Arthur Hayes, CEO of the world’s second largest crypto exchange, BitMEX, says that Jones has just removed career risk from investing in cryptos like Bitcoin. “Expect a lot of beta fund managers to begin cooking some copypasta,” Hayes tweeted May 7. Jones paves the way for other hedge fund managers to get into Bitcoin Hayes is …