Ripple Co-Founder Jed McCaleb Sells 28.6 Million XRP After 25-Day Pause

Jed McCaleb, a co-founder of Ripple Labs, has sold 28.6 million XRP tokens, worth over $8.78 million at press time, after pausing his sales for 25 days. McCaleb, it’s worth noting, sells the funds he was awarded for co-founding the firm. McCaleb is said to have started working on Ripple back in 2011, and was […]

Bitcoin’s Volatility Helped Ethereum Hit a New All-Time High: Report

The price of Ethereum’s ether has hit a new all-time high above $1,430, partly thanks to the recent volatility seen in bitcoin’s price, which moved from $11,000 to a new high near $42,000, before plunging to $30,500 and recovering to $37,000. The flagship cryptocurrency’s growing volatility, which according to CryptoCompare’s Bitcoin Volatility Index (BVIN) is […]

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Guggenheim CIO Reveals His Firm Has ALREADY Bought Bitcoin for Some Private Funds

In a recent interview with Bloomberg TV, Scott Minerd, Global Chief Investment Officer of Guggenheim Partners, “a global investment and advisory firm with more than $295 billion in assets under management,” made some important comments regarding his firm’s current position with respect to Bitcoin. Some Background Guggenheim Investments is “the global asset management and investment advisory division of […]