INSUBCONTINENT EXCLUSIVE:
By Andrea Tan and Blake SchmidtSo much for the Blockchain Week bounce.
With thousands of cryptocurrency diehards swarming into Manhattan for
Advisors was that the hype-filled gathering would trigger a market rally.
Alas, not even a trio of (rented) Lamborghinis, a 1,000-person
yacht party and a performance by 46-year-old rapper Snoop Dogg could prevent the value of virtual currencies tracked by Coinmarketcap.com
from sinking by $45 billion since May 11
Bitcoin, the most popular of the bunch, dropped 3.7 percent this week to $8,117.43 even as Arthur Hayes -- the crypto exchange executive
He cited over exuberance about the prospects for rising institutional demand and lingering concerns about the regulatory framework for
highlights one of the arguments often used by virtual currency pessimists -- that most people who are willing to buy the coins have already
United States and elsewhere will evolve in ways that attract institutional investors
