ltechnologygroup.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.
Bitcoin is officially the most crowded trade in the world, according to a fund manager survey conducted by Bank of America Merrill Lynch. Close to a third of investors surveyed this month said they viewed being long bitcoin as the most crowded position, ahead of long FAANG (Facebook, Amazon, Apple, Netflix Google) and BAT (Baidu, Alibaba, Tencent).
Despite the popularity among traders, bitcoin is down close to 6% in the last 24 hours. Here’s the scoreboard as of Tuesday morning:
- And that’s only the tip of the iceberg. There are now 28 other smaller cryptocurrencies with market capitalization’s of $1 billion or more.
- Investors have pumped $2 billion into crypto funds this year — and 2018 will be even bigger, Morgan Stanley says. A new index tracking the returns of cryptocurrency-focused hedge funds shows returns of 1,641% through November of this year.
- Despite its wild volatility, Bitcoin’ still isn’t viewed as a risk to the financial system, a Nomura strategist said Monday. The cryptocurrency’s crazy price moves could soon start influencing other markets, especially coal.
- Finally, the SEC announced a temporary suspension of trading of The Crypto Company stock from Tuesday’s opening bell until January 3, 2018 “because of concerns regarding the accuracy and adequacy of information in the marketplace about, among other things, the compensation paid for promotion of the company, and statements in Commission filings about the plans of the company’s insiders to sell their shares of The Crypto Company’s common stock.”
At L Technology Group, we know technology alone will not protect us from the risks associated with in cyberspace. Hackers, Nation States like Russia and China along with “Bob” in HR opening that email, are all real threats to your organization. Defending against these threats requires a new strategy that incorporates not only technology, but also intelligent personnel who, eats and breaths cybersecurity. Together with proven processes and techniques combines for an advanced next-generation security solution. Since 2008 L Technology Group has develop people, processes and technology to combat the ever changing threat landscape that businesses face day to day.
Call Toll Free (855) 999-6425 for a FREE Consultation from L Technology Group, https://www.ltechnologygroup.com.