DeVere Group: 35% of Wealthy People interested in Crypto

The financial consulting company DeVere Group recently published a report according to what 1 out of 3 wealthy individuals want to invest in cryptocurrencies
02 June 2018   1774

This study was taken by 600 DeVere group customers from across the globe from countries like USA, Hong Kong, Australia, UAE, Germany, etc. DeVere has their own app which allows investors to buy and sell Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash (DASH), Monero (XMR) and Stellar Lumens (XLM). Recently Bitcoin Cash (BCH) and EOSIO (EOS) were added to the exchange.

According to Nigel Green, the founder and CEO of DeVere Group, the one thing that investors cannot do is ignore cryptocurrencies and this field has large potential and will grow exponentially in some next years.

This mainstream expansion is clearly evidenced by the fact that more than a third [35 per cent] of wealthy individuals around the world - who are already likely to be successful investors - are telling us that they already have exposure to crypto or that they will have by the end of this year. The survey’s findings demonstrate that high net worth individuals are increasingly unable to ignore the huge potential of cryptocurrencies. I believe that there is no longer any doubt that cryptocurrencies in some form are the future of money. And, seemingly, this is a view increasingly shared by wealthy investors the world over.
Nigel Green
Founder, CEO, DeVere Group

The Founder of Pantera Capital Dan Morehead claims that it`s just the right time to buy Bitcoin. Bitcoin which achieved a high mark of about $20000 has decreased over 60% with a present price of $7637. Dan supposes this a bargain and certainly a good time to buy. He is very optimistic towards cryptocurrencies and affirms new high are yet to be reached.

It’s much cheaper to buy now and participate in the rally as it goes. Many institutions are essentially buying the rumor [of potential SEC regulations] and selling the fact. Getting invested now so that in three, four, five months when the institutional, quality-regulated custodians that we’re hearing about come online, they’ll already have their positions.
Dan Morehead
Founder, Pantera Capital

Since May 23 Bitcoin has not traded above $7800 and would be a major to get through obstacle. According to Fundstrat Technician Robert Sluymer, the next key support would be $7000.

Lightning Labs to Raise $10M

As reported, the raised funds will be allocated to enforce the team with developers and commercial speciaslists
06 February 2020   301

Lightning Labs attracted $ 10 million investment during the A-series financing round, and also introduced a beta version of its payment service for outlets that work with bitcoin.

If bitcoin is going to reach its potential as a viable global currency, it’s going to need to scale beyond the base layer. Similar to how Visa relieves banks from handling all fiat currency traffic, Lightning relieves the base bitcoin chain from handing all transactions, thus bring more speed and fee efficiency to the network.

 

Brian Murray

Managing Director at Craft Ventures

With the help of the raised funds, the company intends to hire more developers and commercial specialists, so that it will be able to convey the applied solutions to users. In 2018, Lightning Labs unveiled a beta version of its LND scaling solution and received $ 2.5 million investment from several investors, including Twitter CEO Jack Dorsey and Litecoin creator Charlie Lee.

Now a beta version of the new Lightning Loop service has been launched, with the help of which outlets can more effectively manage payment channels and maintain liquidity in them. Several customers have already become interested in this tool, including the developer of the Fold shopping application, which processed approximately 1,600 transactions through the Lightning Network during the holidays in 2019.

We’re growing fast and Lightning Labs’ loop service makes it simple to manage our lightning node’s liquidity, letting our team focus on building out great user experiences that bring lightning to the world.

 

Will Reeves

Fold

According to Lightning Labs, this year the company will be developing tools for working with larger payment channels. We are talking about both individual channels, which individually can hold more than $ 1,500, and multidirectional ones, which break down payments into smaller parts.