Connect with us
  • Home
  • Start here
  • Bitcoin Charts & More
  • Submit PR
  • Advertisement
  • Contact

Bitcoin News

Major Hedge Fund Reports Massive (10,136%) Gains



One of the most popular cryptocurrency hedge funds, Pantera Capital, recently published an investor letter reporting the massive gains. The fund has been active since 2013 when the price of one Bitcoin was $104. Understandably, the profits for the crypto hedge fund are skyrocketing.

As the firm once said, the Bitcoin price “could one day hit $5,000” which happened a few years after its launch. Five years later, we saw Bitcoin nearing $20,000 and the hedge fund reported a lifetime return of more than 10,000 percent.

The lifetime returns have been published in the July edition of the firm’s monthly “Blockchain Letter“. The founder and CEO of Pantera Capital, Dan Morehead, revealed that even in a bearish market, the cryptocurrency-backed hedge fund has achieved a net lifetime return of 10,136.15% – which is not bad for a fund that has only been operational for five years.

So far, there hasn’t been a crypto hedge fund that came even close to a lifetime return that matches Pantera Capital’s gains. As CCN reported, many opened up shop during the parabolic market and the rally that occurred in the last quarter of 2017, facing massive drops during the first few months of the new year.

Right now, there are 312 cryptocurrency funds but several smaller ones have found themselves unable to compete or stay afloat with the present bear market.

Morehead also noted that Bitcoin has experienced very consistent logarithmic growth since 2010 – despite the linear price movements and the downside effect in 2018. Right now, Morehead suggests that the Bitcoin price will end 2018 trading around $21,000 which will be a new all-time high – and may break out to $67,500 in 2019.


Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at

Continue Reading

Altcoin News

CEO Of Binance Thinks That Market Is Still In A Good Position, Crypto Volume x2 Larger Than Stats

A new interview on the CNBC Crypto Trader show hosted by Ran Neuner emerged in the latest cryptocurrency news - where the CEO of Binance, Changpeng Zhao (CZ) said that the crypto market and Binance are still in a good position even after a year of downward price movement. We all know that over the past 11 months, the crypto market lost more than 70% of its valuation amidst the fourth biggest correction in its 10-year history. According to Zhao, the volume of Binance is now down nearly 90% since January due to the major price correction and because of the high level of stability that Bitcoin has demonstrated over the past three months. As he said:
“Compared to January [of 2018], we are probably down 90 percent. So we only have one-tenth of the trading volume compared to what we had in January. But, compared to like a year or two years ago, we’re still trading at huge volumes. Business is still okay, we are still profitable, and we are still a very healthy business."
Binance is still recording decent volume and maintaining a healthy business - showing an increase in its number of active users and BTC deposits. Zhao continued, stating:
“Right now we are still signing up a steady amount of new users every day so from what we are seeing, it’s very healthy actually. The number of new users and the amount of crypto we hold are increasing very steadily. So if you look our cold wallets, the amount of BTC we hold, we have just seen an increase in people depositing Bitcoin to our exchange.”
Meanwhile, the cryptocurrency market cap seems to be getting hold of the over-the-counter (OTC) market where large institutional traders are playing. According to some stats from earlier this year, this market is at least two times larger than the cryptocurrency exchange market. CZ also noted that the OTC market is estimated to be at least as large as the live recorded volumes of exchanges. As such, it is now twice the size of the current volume, having around $23.4 billion (despite the $11.7 billion daily trading volume of crypto) in circulation.
“What I’ve heard is the OTC market is at least as large as the live recorded volumes [on exchanges]. So that is at least 50 percent of volumes that is not being reported on CoinMarketCap. But we’re not heading to that business, so we don’t know the real volumes,” Zhao concluded.
Continue Reading

Bitcoin News

Major US Museum Starts Accepting Payments In Bitcoin

Great Lakes Science Center is the new museum that is now viral in today's crypto news, mostly because of its recent decision to start accepting payments in crypto. Based in Cleveland, Ohio, this museum is a large educational facility that will begin accepting Bitcoin as a payment method starting November 13th. The CEO of the Great Lakes Science Center, Kirsten Ellenbogen, said that the institution decided to accept crypto in order to boost the growth of the local blockchain ecosystem. As she noted:
“There is a lot of excitement around the conference. Accepting bitcoin is just a small part of the momentum to grow a blockchain ecosystem in Cleveland.”
The Museum of the Coastal Bend in Texas as well as the St. Petersburg Museum of History in Florida have both been accepting BTC for quite some time, which makes the Great Lakes Science Center officially the third museum in the US to start accepting crypto as a payment method. With this, it is easy to see that Bitcoin has become a major store of value. The $110 billion in circulation are acknowledged as a proper asset by many large scale institutions, some of which include ICE, Fidelity, Nasdaq and the New York Stock Exchange. This integration comes after Hublot, which is a Swiss luxury watchmaker, successfully integrated Bitcoin in order to sell 210 pieces of its limited edition Bitcoin-themed sports watch for $25,000 a piece, generating more than $5 million in revenue purely through these sales.  
Continue Reading

Bitcoin News

20% Of UK Residents Think that Bitcoin Will ‘Inevitably’ Be As Common As Cash

A new survey by YouGov which is a global data and research firm serving industries, governments and people in different ways - has emerged in the crypto section of our DC Forecasts Bitcoin news site - showing the interest about Bitcoin in the United Kingdom. According to the research, people in the United Kingdom are aware of Bitcoin (93%) and only 4% of them claimed to understand the most dominant cryptocurrency very well. Almost six times that many claimed to understand it "fairly well" and what was interesting is the fact that more and more young people are aware of and interested in Bitcoin. About one in six people over the age of 55 claimed to understand Bitcoin fairly well, while 20% of the people believe that Bitcoin will inevitably be "as common as cash or card" as the survey notes. Another interesting figure is the 6% of all men polled - who said that they had invested in Bitcoin before - and 1% of women that had purchased Bitcoin. This group was overwhelmingly aged 18-24 which proves that the age of digital currency gives birth to a new type of investors, the "young" ones. The YouGov researchers also highlighted that about 87% of the respondents were neutral or negative on the subject of non-bank currency. The largest group of 25% answered that they were neutral on the subject while another (18%) said they were not sure how to answer that.  
Continue Reading

Bitcoin News

Bitmain Releases The Antminer S15 Bitcoin Mining Chip: How It Ranks Among The Competition

The largest Bitcoin mining company in the world, Bitmain, is in the daily cryptocurrency news for releasing and already selling out of its new ASIC Bitcoin mining chip - the Antminer S15. At a price of $1,475 a piece and a customer limit of two maximum, this is one of the best products when it comes to mining hardware. Bitmain's Antminer S15 is able to clock up to 23 terahash per second which means that 3 to 4 units would be required to match the performance compared to Bitfury's Tardis which can clock up to 80TH/s. The Tardis, however, is a lot more expensive and costs around $7,000 per unit. If we compare the Antminer S15 to another chip which is the Ebang Ebit 11+ - at a cost of $1,517 and a hash rate of 37TH/s - it is easy to see that this is the best deal on the market. At the same time, one cannot simply purchase a single E11. Instead, you must buy at least 50 for a minimum investment of $75,850. All in all, stats from CoinWarz show that it would take just over 6 months to begin earning a profit from this chip with all factors considered. In general, Bitcoin mining has lost popularity as a profitable way to make money - mostly because of the large upfront investment and the profit margins which can be very slim for miners who must convert their coins right away.
Continue Reading


For Updates & Exclusive Offers
enter your email below


Join us on Facebook

Recent Posts


november, 2018

Filter Events

01nov9:00 am02(nov 2)8:00 pmMalta Blockchain SummitA Buzzing Show on the Blockchain Island!9:00 am - 8:00 pm (2) InterContinental Malta, St. George’ s Bay St. Julian’s STJ 3310 Malta

05novallday08alldayCrypto Explorers' Crypto Valley TripSpend 3 Days Exploring the Decentralized Future.(All Day) Zug & Zurich, Switzerland, Kolinplatz 1, 6300 Zug, Switzerland

07nov(nov 7)10:00 am08(nov 8)8:00 pmBlockchain Life 2018The largest international forum on blockchain, cryptocurrency, ICO and mining in Russia and Eastern Europe.10:00 am - 8:00 pm (8) EXPOFORUM, EXPOFORUM, Saint Petersburg, Russia

09novallday13alldayBlockspot Conference Europe 2018The must-attend Blockchain event in Portugal(All Day) Lisbon, Portugal

fri09nov8:15 am5:30 pmHealthcare Unblocked 20188:15 am - 5:30 pm Etc Venues Prospero House, Etc Venues, Prospero House, 241 Borough High St, London SE1

fri09nov9:00 am7:00 pmNEXT BLOCK Conference: Evolution of Property9:00 am - 7:00 pm Marriott Lisbon Hotel - Portugal’s trendiest conference center., Avenida dos Combatentes 45, Lisbon 1600-042 Portugal

11novallday12alldayDecentralized Talks(All Day) DUBLIN, IRELAND