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Morgan Creek Invests in Ikigai Crypto Asset Management Firm

Morgan Creek Digital has invested an undisclosed amount in Ikigai Asset Management, a cryptocurrency and digital asset management firm that claims to be focused on generating superior risk-adjusted returns for its clients through venture-stage pre-Initial Coin Offering (ICO) investments, according to a Business Wire press release on March 20, 2019. Delving Deeper into Cryptos ThoughRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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Anthony Pompliano’s Morgan Creek Digital Capital makes strategic investment propagating mass crypto adoption

The cryptocurrency market was helped along in its pursuit of mass adoption, with many proponents of the space lending a helping hand. The latest news about the bigger players in the cryptoverse included the tie-up between Morgan Creek Digital Capital and Ikigai Asset Management. The official release stated, “Morgan Creek Digital announced today that it will be the lead anchor investor in Ikigai Asset Management’s flagship fund focused on executing systematic and fundamental liquid hedge fund strategies as well as opportunistic venture-stage crypto asset investments. Ikigai is a crypto asset management firm launched in December 2018 by former Point72 Portfolio Manager Travis Kling and partners Timothy Lewis, and Anthony Emtman.” Morgan Creek Digital partner, Anthony Pompliano, is a voracious supporter of Bitcoin, and has held a bullish viewpoint about the world’s largest cryptocurrency. Post the partnership with Ikigai, Pompliano talked about the company’s  positive devleopments, and claimed that they were well-positioned to capture the outstanding returns brought by cryptocurrencies in the coming future. Ikigai Chief Investment Officer Travis Kling said, “DLT and crypto assets are fundamentally changing our world. We are honored to receive this investment from Morgan Creek Digital and look forward to working closely together with Mark, Jason, and Pomp in this exciting arena.” Pompliano recently sat down with Galaxy Digital’s Mike Novogratz to discuss elements like liquidity, trust and custody that need to be given a boost. Novogratz stated that the cryptocurrency market was presently a booming place of business, especially with the entry of companies like JP Morgan, Telegram and Facebook. He further claimed that it was a big opportunity to invest, with Wall Street sentiments changing. The Galaxy Digital CEO added, “Wall street earlier thought that you shouldn’t take risks on something small like cryptocurrencies. They are getting close though, not doing anything but are getting really ready. We are anyway working hard on the security token business and I promise you this, the upcoming tokens and ICOs will be a lot bigger but less sexy.”   The post Anthony Pompliano’s Morgan Creek Digital Capital makes strategic investment propagating mass crypto adoption appeared first on AMBCrypto.

Morgan Creek Digital Invests in Ikigai Asset Management to Boost Bitcoin’s Use Cases and Adoption

Morgan Creek Digital has recently announced that it will be investing in Ikigai Asset Management’s flagship fund. This fund focuses on the execution of systematic and fundamental liquid hedge fund strategies. They also offer opportunistic venture-stage crypto investments. The information was released by the companies in a press release. Morgan Creek Invests in Ikigai Asset […]
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Key Bitcoin (BTC) Investors Join Hands: Morgan Creek Funds Ikigai

Pomp and Kling Team Up, Look To Bolster Crypto By and large, 2018 hasn’t been kind to crypto startups. Smaller, little-known exchanges have shuttered operations entirely, while some recognizable names in this budding industry have laid off dozens, if not hundreds of their talents. As reported by Ethereum World News, Bithumb recently joined the list of mainstay industry stakeholders to have laid off employees (50% — 160), citing waning Bitcoin trading activity. But, two names in this space have excelled over the past 12 months, carving out what scant space there is for themselves in interesting, yet effective ways. These companies are known as Morgan Creek Digital (MCD) and Ikigai Asset Management, and they’re two U.S.-based cryptocurrency-centric funds focused on bolstering adoption and viable applications. Funnily enough, the MCD and Ikigai decided to join hands on Wednesday, issuing a press release to reveal that they had formally joined hands. Morgan Creek’s digital asset branch, headed by partners Mark Yusko, Anthony “Pomp” Pompliano, and Jason A Williams, will be anchoring Ikigai’s cryptocurrency hedge fund, which will enlist long-short equity strategies and venture stakes in promising firms. The nominal value of this sum was not divulged. In a comment, industry commentator Pomp, who has amassed a following of nearly two hundred thousand on Twitter primarily through his catchphrase, “Long Bitcoin, short the bankers,” lauded Ikigai. He expressed his love to the Los Angeles-based firm by stating: Ikigai has built an impressive platform for understanding the evolution of, and investing in, crypto assets.  Former Facebook staffer Pompliano then referenced his thought process that cryptocurrencies will be the best-performing, asymmetric asset class in the next decade, adding that Ikigai should be able to “well-positioned to capture” that upside potential. Morgan Creek’s decision to invest in an industry partner comes after the former secured a $40 million bursary from two Virginian pension funds, an endowment, and other institutions to invest in companies like the yet-to-launch Bakkt, Coinbase, and Harbor. Bitcoin To Oust Fiat? So why are MCD and Ikigai joining hands? Well, the simple answer is that the two firms’ founders and leaders are advocates of the theory that BTC and other cryptocurrencies are a viable alternative to fiat, which they deem as antiquated and potentially Ponzi-esque. In a recent tweet, Kling remarked that when the “books are written about crypto” in the future, when Bitcoin is valued at trillions, the dovish nature of the Federal Reserve will be a “big part of the story.” Not gonna stop banging this drum.When the books are written about crypto years from now when the asset class is valued at $tn’s, this move by the Fed and other moves like it from central banks globally will be a big part of the story.— Travis Kling (@Travis_Kling) March 20, 2019 The anti-establishment figure is touching on his long-standing thought process that Quantitative Easing — the “most ambitious monetary experiment ever” — will be what kills the macroeconomy. In an independent newsletter iteration, published on Off The Chain, Pompliano echoed this thought process that government-issued money isn’t sustainable. He cites a tweet from the European Central Bank (ECB), in which one of the entity’s basement overtly states that his overseers have the ability to print money. While Pomp acknowledges that this is common knowledge, he explained the EU fiscal authority’s propensity to make that fact publicly-known draws the ECB’s intentions into question. Photo by Pepi Stojanovski on Unsplash The post Key Bitcoin (BTC) Investors Join Hands: Morgan Creek Funds Ikigai appeared first on Ethereum World News.
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Tron is Now Available for Trading on the eToro Platform

Tron (TRX) was added to the social trading platform eToro. More than 100 million registered users will have access to one of the largest cryptocurrencies in the market. […] The post Tron is Now Available for Trading on the eToro Platform appeared first on UseTheBitcoin.
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eToro Acquires Smart Contract Infrastructure Provider FirmoImage via eToro, Facebook

Social trading and multi-asset brokerage company eToro has acquired Firmo, a smart contract infrastructure provider, for an undisclosed amount, eToro announced on Monday. The company said the acquisition aims to bring it “one step closer to becoming the first truly global service provider allowing people to trade, invest and save.” The Firmo team will act […] The post eToro Acquires Smart Contract Infrastructure Provider Firmo appeared first on Coinjournal.

eToro Signals Tokenized Future with Acquisition of Smart Contract Infrastructure Provider Firmo

Coinspeaker eToro Signals Tokenized Future with Acquisition of Smart Contract Infrastructure Provider FirmoGlobal multi-asset investment platform eToro has today announced that it has acquired Firmo, for an undisclosed amount. Firmo enables smart contracts for derivatives to be securely enabled on any major blockchain.Commenting on the news Yoni Assia, Co-founder and CEO of eToro, said:“The acquisition of Firmo will enable eToro to accelerate the growth of our tokenized assets offering.  Blockchain and the tokenization of assets will play a major role in the future of finance. We believe that in time all investible assets will be tokenized and that we will see the greatest transfer of wealth ever onto the blockchain.”eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. While this core vision remains the same, new technology namely blockchain, means that the eToro business has, and will continue to, evolve.Yoni Assia continued:“While our expansion has been largely organic to date, as the eToro business continues to grow we are on the lookout to acquire businesses which will help us stay at the forefront of fintech innovation. We believe that the market is particularly exciting at the moment.”The Firmo team will act as an internal innovation unit tasked with bringing to life the goal of tokenizing all assets on eToro. This will involve research and development of infrastructure for the representation of assets and the execution of trade processes on blockchain infrastructure.Dr. Omri Ross, CEO and Founder of Firmo, said:“The advent of crypto and the blockchain technology that underpins it has driven an explosion in financial innovation, however, a number of challenges are preventing mass adoption and integration into legacy infrastructure.  Our goal is to enable our users to trade any asset globally with instant settlement by tokenizing assets and executing all essential trade processes on the blockchain.” Firmo’s underlying technology provides a platform to securely deploy financial contracts and can work with any blockchain. They have developed a formally verified, domain-specific contract language ‘FirmoLang’ which, with the support of Firmo’s compiler can be translated onto a number of blockchain platforms such as Ethereum, EOS or NEO.Yoni Assia said:“The Firmo team has done ground-breaking work in developing practical applications for blockchain technology which will facilitate friction-less global trading. The adoption of smart contracts on the blockchain increases trust and transparency in financial services. We are incredibly proud and excited that they will be joining the eToro family. We believe that together we have a very bright future and look forward to pursuing our shared goal to become the first truly global service provider allowing people to trade, invest and save.”About eToroeToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. The eToro Group consists of the eToro platform, our multi-asset trading and investment venue, and eToroX, which manages our crypto wallet and forthcoming exchange.The eToro platform enables people to invest in the assets they want, from stocks and commodities to cryptoassets. We are a global community of more than ten million registered users who share their investment strategies; and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real time, and transact whenever they want.As technology has evolved, so has our business. In 2018, we created eToroX, our digital asset subsidiary. eToroX provides the infrastructure, in the form of a crypto wallet and the forthcoming exchange, that supports our commitment to facilitating the evolution of tokenized assets. We believe that leveraging blockchain technology will enable us to become the first truly global service provider allowing everyone to trade, invest and save.eToro Signals Tokenized Future with Acquisition of Smart Contract Infrastructure Provider Firmo

5 Things You Need to Know About Apple’s New Credit Cardapple-cardampressman

Hoping to move more even deeply into the financial lives of its customers, Apple on Monday unveiled its own iPhone-oriented credit card, called the "Apple Card." The card, created in partnership with Goldman Sachs and Mastercard, comes with some features that set it apart from traditional credit cards like a lack of a visible credit card number. But it also has some features that most people are well familiar with such as cash back. In a particularly Apple touch, customers can apply for the card on an app on their phones. It will be available this summer, Apple said. The card is tied closely into Apple Pay, the company’s digital wireless payments system. That makes it easy for customers to use the card for payments with all their Apple devices and for purchases both in retail stores and online. Here are five important things you should know about the new Apple Card: This isn’t your father’s credit card Yes, this is a physical credit card – albeit made of all-white, engraved titanium. But it doesn't have a number or expiration date printed on it. Get money back Like many other rewards cards, users will get a 2% rebate on spending with the new card through the Apple Pay app and 1% back when using its as a physical card. Customers will get 3% back on purchases from Apple. But customers won't have to wait long to spend the rebates. Apple said they would be available immediately on an accompanying app for use on new purchases, to pay down a credit card balance, or even to transfer to other people using Apple Pay. No fees Apple didn't say what the interest rate would be on the new card. Apple aapl did say that the card will have no annual fee, no late fees, no over-limit fee, and no international fees. Apple has previously offered a more typical branded Visa card in partnership with Barclays. That card also has no annual fee and lets users accumulate rewards points that can be redeemed for Apple gift cards. But otherwise, it more resembles a typical credit card, with late fees and other extra charges. Privacy protection Apple said it would provide more privacy protection than typical credit cards. The company said it wouldn't know where customers spend, how much they spend, or what they buy. Goldman Sachs gs would have that data and wouldn’t sell that information to third parties for marketing or advertising. Better spending data The new card will come with an app that provides highly detailed information about the users’ finances. Using data from Apple Maps, the app will show exactly where and when every transaction occurred instead of a traditional credit card statement. The app will "transform this mess into names and locations that you'll recognize," Apple vice president Jennifer Bailey said. The app will compile the information while processing all financial data on each user’s device. No data would flow to Apple’s servers, the company said.
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