Jay Clayton Joins Bitcoin-Rich Asset Management Firm

Key Takeaways Clayton has joined the advisory council of One River Digital Asset Management, which oversees Bitcoin investments. The investment firm itself owns over $600 million of Bitcoin. After ending his term as chair of the SEC, Jay Clayton is returning to legal roles in various locations. Share this article Former SEC chair Jay Clayton has joined the advisory council of One River Digital Asset Management, a digital asset investment firm. Clayton Now Advisor at Crypto Company Jay Clayton, who served as chair of the U.S. Securities and Exchange Commission…

New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher

On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment giant will allow its U.S. consumers to pay with cryptocurrencies when they transact with millions of its global merchants. This is a major step in the mainstream adoption of cryptocurrencies.  Crypto market data daily view. Source: Coin360 In other news, the Chicago Mercantile Exchange plans to launch a new Micro Bitcoin (BTC) futures contract on May 3, which will enable investors to precisely hedge their Bitcoin risk. This also means that smaller investors who could…

VeChain Technicals Spell Trouble for the Bulls

Key Takeaways VeChain is down over 10% from its recent high of nearly $0.10. The price action seen since the beginning of the year suggests that VET is poised to retrace to $0.06 before it bounces back. A technical indicator further validates the pessimistic scenario. Share this article A crucial resistance level has rejected VeChain’s uptrend. Now, VET seems primed for further losses as several sell signals pop up.  VeChain Flashes Multiple Sell Signals VeChain posted massive gains throughout March, rising by nearly 150%. The coin opened the monthly trading session…

Bitcoin futures premium hits 30% but analyst says ‘This time it’s different’

March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long time. Besides marking a 17% recovery from the $50,300 bottom on March 25, PayPal officially confirmed that it will support crypto payments for U.S. customers. Moreover, CME Group announced that its Micro Bitcoin futures contracts will launch on May 3 with the contract size starting at 0.1 BTC each.  Additional bullish news came as Morning Brew, a daily business newsletter with 2.5 million subscribers, finally dropped gold and is now exhibiting Bitcoin…

Chipotle Will Run $100,000 Bitcoin and Burrito Giveway

Key Takeaways Chipotle is running a promotion that will give away more than $100,000 worth of Bitcoin, plus free burritos. The sweepstakes event is part of National Burrito Day, which falls on the first Thursday of April every year. The restaurant chain did not suggest that it will accept Bitcoin or continue to work with it in the future. Share this article Mexican food restaurant chain Chipotle will give away more than $100,000 in Bitcoin as part of an upcoming online promotion. Promotion Begins April 1st Chipotle partnered with entrepreneur…

Bullish traders cast low-risk Ethereum options bets with this clever strategy

Ether (ETH) has been making higher lows throughout 2021, and the current trend indicates that $1,800 might be the bottom for April. Even traders and investors who do not rely on technicals have become optimists after Visa initiated a pilot to settle transactions in USD Coin (USDC) through the Ethereum network. Ether price in USD at Coinbase. Source: TradingView Given that Ether’s price is looking like it’s ready to pursue new yearly highs, there’s a few investment options on the table. Buying and holding is an excellent strategy, as well…

Mobile games developer Tapinator to launch ‘NFT500’ service

Tapinator, a publicly-traded mobile games publisher based in New York City, has announced plans to launch a new subscription casting service focused on nonfungible tokens, or NFTs, highlighting the growing popularity of digital art.  Launching in summer 2021, NFT500 will host a collection of blue-chip NFTs from digital and traditional artists that subscribers can “cast” from their devices at home or work. The service will also make use of the recently minted NFT500 token, which allows subscribers to benefit from the price appreciation of the art collection hosted on NFT500. Ilya…

Bitcoin is outshining gold in the battle of the safe havens

As the Bitcoin (BTC) price edges closer to $59,000, its value relative to gold is approaching new all-time highs, possibly hinting at the emergence of a new preferred store of value. Measured against gold, Bitcoin’s price reached 34.94 ounces on Tuesday. The BTC-gold comparative peaked at 35.35 ounces on March 13 as Bitcoin surged past $61,000. Bitcoin continues to outperform gold by a significant margin. | Chart via BuyBitcoinWorldwide Bitcoin’s value relative to gold has more than doubled over the past three months and has grown nearly sevenfold since October…

Oops! A 100% Bitcoin hodl outperformed CNBC’s 2017 altcoin basket by 170%

Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it’s best just to buy and hodl. That was the conclusion from new data circulating on social media this week, which casts serious doubt on the merits of following investment advice from mainstream media. Don’t believe the hype? Under the microscope was CNBC, which in 2017 offered viewers an investment portfolio made up of 30% Bitcoin and 70% altcoins. Four years later, those who invested $10,000 at the time now have around $52,300. Had they…

Powers On… Why the SEC is not your friend (and how to deal with that)

Powers On… is a new monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an Adjunct Professor at Florida International University School of Law, where he teaches a course on ‘Blockchain, Crypto and Regulatory Considerations.’ While I was in private law practice for 35 years, after serving for five years in the Security and Exchange Commission’s Division of Enforcement, I came to learn certain truths. Especially when…