Ex-investment bankers join BlockFi / Wealth manager claims banks are advising against crypto / Crypto Masterclass

Inside Cryptocurrency .

Inside.com Part of   Network May 05, 2020

Happy Tuesday! Just a quick reminder: If you subscribe to our premium content, you'll receive Inside Cryptocurrency ad-free five days a week. Right now, we're offering 50 percent off of our monthly plan (only 25 slots left!) if you use the promo code Crypto50. By signing up, you'll get these features to keep you on top of your game: Full access to content five days a week, with an ad-free experience. Q&As with crypto experts, such as this interview with Ray Youssef, CEO and co-founder of Paxful. The latest studies and reports on crypto, including our own in-depth analysis. Our daily Masterclass with leaders from the crypto space giving their views on market conditions. Click here to upgrade to premium! Stay healthy, stay safe, Rebecca

Market Watch Bitcoin is up again today as it gets closer to the $9,000 mark. The market is a mixed bag with many in the red and green. The biggest mover for Tuesday trading is StreamrDATAcoin, which is up nearly 19 percent in 24 hours. Bitcoin $8,903 +1.44% Ethereum $205 +0.58% XRP $0.216 -0.17% Tether $1.00 -0.01% Top 100 Winner: StreamrDATAcoin $0.079 +18.95% Top 100 Loser: Maker $341 -4.59% Prices are as of 1:20 p.m. ET.

Two former investment banking executives have joined BlockFi ahead of Bitcoin rewards card launch. BlockFi has hired to ex-investment banking executives to continue the growth of its operations despite current market conditions. The two who have joined are... To find out more, sign up for Inside Crypto Premium. Simply use the code Crypto50 to get 50 percent off. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

A wealth manager claims investment banks are advising clients against crypto. Goldman Sachs and JPMorgan Chase are, allegedly, advising clients to stay away from crypto... To find out more, sign up for Inside Crypto Premium. Simply use the code Crypto50 to get 50 percent off. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Crypto Masterclass, featuring Gavin Smith. Our Crypto Masterclass feature showcases a well-known thought leader or expert in the crypto space, including their visions and advice for the future. "The price impacts of Bitcoin halving have previously been unpredictable – and a global crisis only adds to this uncertainty on this occasion." To find out more of Smith's views and receive our Masterclass every day, sign up for Inside Crypto Premium. To take advantage of 50 percent off on monthly plans, simply use the code Crypto50. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Zcoin to end founder reward and increase development funding after September halving. The privacy coin has announced the division of its block reward for the next four years, which will take effect following its September halving event... To find out more, sign up for Inside Crypto Premium. Simply use the code Crypto50 to get 50 percent off the monthly plan. Click here to upgrade to premium! SUBSCRIBE NOW TO FIND OUT MORE

Mike Novogratz outlines his bullish stance on Bitcoin. The CEO of Galaxy Digital appeared on CNBC's Closing Bell yesterday, where he outlined his views on hard assets such as Bitcoin and gold. In his opinion, it is these assets that are currently trading in, whereas stocks are out. Turning his attention to Bitcoin, he spoke of its upcoming halving event next week, where the block rewards to miners will be cut in half, comparing it to the printing of more money from central banks in light of the economic crisis. Stating that the bulk of his risk is in Bitcoin, Novogratz said that there have been new investors entering the crypto space, which is starting to see real activity after what he called a "long desert." @CNBCCLOSINGBELL/TWITTER

Robinhood raises $280 million in Series F funding round. Led by venture capital firm Sequoia Capital, the stock and crypto trading app had been seeking to raise $250 million at a valuation of $8 billion. Yesterday's announcement has seen the platform surpassing its goals at a valuation of $8.3 billion. Other participants involved in the Series F include NEA, Ribbit Capital, 9Yards Capital, and Unusual Ventures. Robinhood supports crypto coins such as Bitcoin, Ether, Bitcoin Cash, and Litecoin. With the additional funds, Robinhood will invest in scaling its platform, build new products, and boost the build-out of its operations. This means hiring new staff across its offices, including its newest in Denver. ROBINHOOD

This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three.  Editor Beth Duckett is a former news and investigative reporter for The Arizona Republic who has written for USA Today and other publications.

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