Morgan Creek Bags $40M Raise, Attracts Industry First Funding From Pensions

Even in a bear market, Morgan Creek Digital has no problem swimming upstream. The crypto asset management firm just bagged a $40 million dollar investment and what appears to be the first blockchain/crypto investment by a major pension fund. Two pension plans from Fairfax County, Virginia, the $1.43 billion Police Officer’s Retirement System and the…

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Kraken Advances U.K. Expansion With the Acquisition of Futures Platform

U.S.-based cryptocurrency exchange platform Kraken has completed the largest transaction in its history after it made its foray into the futures trading world with the acquisition of London-based Crypto Facilities. Jesse Powell, chief executive officer of Kraken, stated, “I’m thrilled to welcome the Crypto Facilities team into the Kraken family. Over the coming months, our…

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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend: Figure 1: BTC-USD, Daily Candles, Broken Support Although the current daily candle has yet to close, unless there is a strong…

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