Monat: November 2020

Crypto hedge fund Pantera Capital plans to raise $ 134 million in investment capital

The big crypto hedge fund is making a fresh start after a weak year in 2019.

The Bitcoin hedge fund Pantera Capital has disclosed in a new application to the American stock exchange regulator that it intends to put additional company shares worth $ 134 million up for sale

In 2013, Pantera was founded as the first Bitcoin Legacy investment fund in the US, and was able to raise investment capital of 13 million US dollars and 25 million US dollars, as Cointelegraph reported at the time.

Then in 2018 the company looked to raise significantly more capital to build a third mutual fund called Venture Fund III. This was able to collect a total of 164 million US dollars from 2018 to 2020, with the majority of the funds being destroyed by a weak 2019.

Since the crypto market is currently on a strong upward trend , Pantera wants to dare a new attempt with a lot of capital from investors, as the new SEC application shows

Although it is not yet clear whether this is intended to create a new mutual fund or whether it is simply intended to expand Venture Fund III, the company’s recent words and actions may provide an indication of the strategy being pursued.

Pantera CEO Dan Morehead recently said in an interview with Cointelegraph that he believes the decentralized financial services (DeFi) sector has even greater growth potential than Bitcoin. Accordingly, his investment company wants to focus more on this area in the future . In addition, Pantera invested in the Globe crypto trading platform a few days ago , which indicates that crypto derivatives have also come into the company’s focus.

However, Bitcoin investors shouldn’t feel discouraged by this, as Morehead had already proven his exuberant optimism about Bitcoin in the past with an astronomical price forecast of $ 350,000 .

O preço do Bitcoin é liderado por „ganhos reais“, ao contrário do que aconteceu em 2017: Binance US CEO

O Bitcoin conseguiu transformar muitos em „criptos“ em 2020. Como o ano se tornou uma série de eventos inacreditáveis, o preço do Bitcoin afirmou que a moeda real está aqui para ficar.

Mas a Bitcoin já havia chegado a 18 mil dólares, ou melhor, perto de 20 mil dólares no passado, então por que este aumento é tão importante?

BTC subir de 190%, de US$ 6.775 para US$ 19.666

„…esta aceleração do preço foi em grande parte liderada pelos ganhos reais e validação que estamos vendo, que não vimos em 2017“, disse Catherine Coley, a CEO da Binance U.S. Em 2017, vimos o preço da BTC subir de 190%, de US$ 6.775 para US$ 19.666 em uma questão de 34 dias.

Entretanto, este preço resultou de um aumento repentino e não enfrentou nenhuma resistência, apesar de não ter visto este valor antes. Além disso, este preço não parecia ser suportado pelo volume, mas isto poderia ser devido à popularidade limitada do bem digital.

Em três anos, vimos mudanças maciças no ecossistema criptográfico e junto com ele os governos de todo o mundo estão tentando entendê-lo. Houve macro investidores interessados no maior ativo digital, enquanto os tesouros corporativos estão adicionando Bitcoin a seus balanços, observou Coley durante um painel de entrevista com o Yahoo Finance.

Bitcoin enquanto o Galaxy Digital de Mike Novogratz

Logo nos últimos dois meses, vimos gigantes como a Square se interessarem pelo Bitcoin enquanto o Galaxy Digital de Mike Novogratz abria um novo fundo Bitcoin no Canadá. Além do interesse, os negócios criptográficos ainda estavam se desenvolvendo incessantemente em torno dele. No que diz respeito ao comércio, a Coley observou:

„…você já viu diferentes maneiras de as pessoas poderem entrar no comércio. Portanto, a média do custo do dólar tem sido bastante popular e bastante bem sucedida para muitos investidores neste último ano, sabendo que o que está por vir é definitivamente um futuro digital acelerado pela pandemia, com certeza“.

Como Bitcoin se enraíza no mercado e entre os comerciantes como um ativo valioso, os reguladores, especialmente nos EUA, têm prestado muita atenção a ele. Tem havido vários obstáculos enfrentados pelas empresas criptográficas.

De acordo com os relatórios, 56 casos contra empresas relacionadas com criptografia foram levantados pela SEC sob a presidência de Jay Clayton. Quando Clayton se antecipa a sua liberação programada em junho de 2021, seria interessante ver sua substituição e sua posição sobre a criptografia.

BLOOMBERG ANALYST : LE LIEN DE BITCOIN AVEC LE NASDAQ EST ROMPU, CE QUI FAVORISE LA POURSUITE

Bitcoin a donné un signal d’achat puissant qui a exigé du monde financier qu’il commence à prêter plus d’attention aux cryptocurrences. Le récent élan a également provoqué le „découplage“ de l’actif cryptographique le plus important du marché boursier.

Jusqu’à présent, ce sont surtout les analystes de la cryptographie qui ont crié au sujet du découplage à venir, mais maintenant, même Mike McGlone, stratégiste principal de Bloomberg Intelligence, affirme que la divergence par rapport au Nasdaq 100 est la „base d’une nouvelle appréciation“.

Voici les raisons fondamentales et techniques pour lesquelles le meilleur analyste de marché pense que Bitcoin est prêt à battre les actions technologiques en performance pendant une période prolongée, maintenant que le „lien“ depuis 2017 a été rompu.

BITCOIN S’ÉLOIGNE DES ACTIONS TECHNOLOGIQUES, L’ANALYSTE DE BLOOMBERG PRÉVOIT UNE SURPERFORMANCE PROLONGÉE DE BTC

Les valorisations des actions technologiques ont atteint des chiffres astronomiques, même si l’économie tombe dans une dépression. Apple, Amazon, Microsoft, Google, Tesla et plusieurs autres grands noms sont indéniablement surévalués, et le marché boursier pourrait connaître une correction prolongée ou une phase de rendements minimaux.

Pendant ce temps, un analyste de Bloomberg de haut niveau s’attend à ce que Bitcoin fasse tout le contraire, et entre dans une période de surperformance prolongée par rapport aux actions technologiques.

Mike McGlone, stratégiste senior de Bloomberg spécialisé dans les matières premières, partage régulièrement ses réflexions sur Bitcoin par le biais des médias sociaux et sur la marque des grandes entreprises et de la finance.

McGlone a partagé un nouveau graphique, empilant la création de Satoshi par rapport à l’indice Nasdaq 100 des valeurs technologiques – un des indices les plus performants de ces dernières années. Le graphique montre une rupture nette du „lien étendu“ qui maintient Bitcoin enchaîné à l’indice boursier depuis 2017, a déclaré l’analyste.

La corrélation „entre le prix du crypto de référence et la jauge des actions basée sur la technologie semble s’achever, les facteurs fondamentaux et techniques favorisant Bitcoin“, a-t-il ajouté.

LES FACTEURS FONDAMENTAUX ET TECHNIQUES FAVORISANT LA SURPERFORMANCE DE LA CRYPTOCOURONNE

La représentation visuelle de la performance du Nasdaq contre Bitcoin n’est qu’une des façons dont McGlone dit que la cryptocarte est techniquement prête pour un coup de pouce. Le tout premier actif cryptographique a également récemment atteint un plus haut et un plus bas, confirmant une tendance à la hausse.

Chaque fois que Bitcoin a réussi à dépasser la corrélation avec le Nasdaq, il est retombé par coïncidence pour tester à nouveau la ligne de l’indicateur, puis a fait un bond considérable.

Si le prix du Bitcoin redescend au niveau du support à 11 500 dollars, ce pourrait être le dernier signal d’achat avant que, comme le dit McGlone, la cryptocouronne ne redevienne parabolique.

Fondamentalement, le montant des CTB sur les bourses ne cesse de diminuer, tandis que les portefeuilles de la taille d’une baleine augmentent chaque jour. Presque toutes les mesures de la santé du réseau de Bitcoin sont à leur plus haut niveau ou presque, ce qui donne à l’actif crypto la base fondamentale pour soutenir les techniques haussières, et l’envoyer dans un nouveau marché haussier.

Former Google lawyer joins long list of high-profile lawyers hitting crypto space

Coinbase leads a growing list of cryptology companies that hire the best lawyers.

On Friday Coinbase Inc. announced the appointment of former Google Legal Director Milana McCullagh as Assistant General Counsel for Product and Business Legal Affairs.

McCullagh, who spent more than 13 years at Google, will work in all Coinbase functions on product legal support, helping the company streamline legal compliance for new product launches.

McCullagh’s appointment is part of both a campaign by Coinbase to attract legal talent that began last year, and a wider movement in the industry that high-profile lawyers are joining cryptology companies.

Between August and October, Coinbase appointed former Dyson Ltd. general counsel Katherine Minarik as assistant general counsel for litigation; former senior legal counsel at Uber Technologies Inc. in London, Carly Nuzbach Lowery, as associate general counsel; former Fenwick attorney Jade Clemons as commercial counsel; and CLS Group Holdings AG’s head of supervisory affairs, Janice Payne, as director of regulatory compliance.

The abundance of recruitment may be part of an effort by Bitcoin Up review to quell regulatory fears that potential investors may have on the eve of a possible IPO. The San Francisco-based company held discussions with law firms and investment banks regarding an IPO earlier this year.

In addition, these appointments coincide with the company’s recent decision to reduce discussions about „politics“ and „society“ at work, which led to 60 employees taking advantage of the exit packages offered by the company.

Major legal appointments sweep the crypto industry

However, Coinbase is not the only company that aims to bring high profile lawyers to the crypto industry.

On October 8, the blokchain-based company O(1) Labs Operating Corp. announced the appointment of former Goldman Sachs in-house counsel and Kirkland & Ellis LLP associate Sang Joon Kim as general counsel.

On October 7, the Gemini Trust Co. LLC cryptomoney exchange and custodian appointed former Morgan Stanley Global Financial Crime Division Chief Legal Officer Andy Meehan as head of compliance for the Asia Pacific region.

And, last Wednesday, venture capital firm Andreessen Horowitz announced the appointment of former New York Stock Exchange Chief Regulatory Officer Anthony Albanese to work on cryptomoney regulation issues.

These moves coincide with the steps taken by US regulators to legalise the cryptomoney industry. Previously, the U.S. Department of Justice issued official guidelines to regulate the crypto market and enforce the laws of the country.

Erich Dylus, an aviation finance attorney for Vedder Price by day and a member of LexDAO’s legal engineering staff by night, told Cointelegraph that these hires could be a sign that the legal world recognizes the growing influence of cryptoactives:

„Some lawyers are discovering an exciting frontier that needs legal guidance in the ’space of the flesh‘,“ he said, „and it speaks to the mature nature of the crypto and adjacent industries to which these big names are making the leap.“