Carl Icahn Considers Getting Into Crypto "In a Big Way"

Billionaires slowly start to recognize the value of crypto

May 28

Hey DEFI TIMES community,

Carl Icahn is one of the best-known investors in New York City. With a net worth of more than $15 billion, many people look up to him.

On Wednesday he shared his opinion on cryptocurrencies with Bloomberg. He basically said the cryptocurrencies are not going away. While he’s not sure, which ones will succeed, the asset class is here to stay:

Much of the cryptocurrency issued today will not survive, but we believe cryptocurrency in one form or another might be here to stay. To be clear, we have never bought any cryptocurrency, but we are studying it.

He then continued to say that he might get into crypto “in a big way.”

Apparently, he’s considering putting more than $1 billion into some alternative cryptocurrency.

Carl Icahn is surely one of the most renowned investors in the world. When it comes to his investment decisions, he definitely has a great influence on other inventors who closely monitor his moves.

This could lead to many institutional investors also feeling the need to allocate some funds to cryptocurrencies. There are lots of other Wall Street legends who already came before Icahn, including Paul Tudor Jones and Bill Miller.

But Carl Icahn has a very special status among Wall Street investors. It’s very hard to estimate how much of an impact his opinion on crypto will make; however, at this point, it’s almost impossible to ignore that Bitcoin is being more and more recognized by Wall Street.

In retrospect… it was inevitable!

Subscribe to our newsletter to level up your crypto game!

Balancer Receives $24.25 Million in Funding

Balancer Labs @BalancerLabs

We are thrilled to announce our partnership with some of the most respected investors who have shown their support of Balancer by extending $24.25M of capital $BAL. @LongHashVC @blockchaincap @fintech_io @ContinueFund @synthetix_io @kaiynne @fenbushi

Balancer Labs Partners with Key Investors in $24.25M Token PurchasesWe are thrilled to announce that Balancer Labs has further partnered with some of the most respected investors in the cryptocurrency space who have shown their support of Balancer Protocol by…fernandocmartinelli.medium.com

Balancer Labs has partnered with respected investors in the crypto space to receive around $24 million in funding. With the funds, they will increase awareness about DeFi in Asia Pacific, create and growth structures for the community, and provide support for anyone in DeFi to build on Balancer.

UMA Launches SpaceX Insurance

UMA @UMAprotocol

1/ UMA and @Opium_Network have partnered to create a financial product for @SpaceX launches. This derivative will pay based on the success or failure of the SpaceX Smallsat Rideshare launch.

Opium @Opium_Network

It's time to reveal what we with @UMAprotocol are up to! 🎉 We'd joined our efforts to launch a new 'cosmic' product – decentralized insurance on #SpaceX. Hope @elonmusk will take it to the moon together with @dogecoin Read more 👉 https://t.co/MoCmxeuMhU https://t.co/uynxw52pOZ

Uma has partnered with Opium to provide insurance for SpaceX launches. DeFi is getting mainstream!

Synthetix Thales

Thales @thalesmarket

Today we start an epic journey 🚀 Bring binary options trading to the Ethereum network 📈 We are grateful for all the support @synthetix_io @0xProject Read more: thalesmarket.medium.com/tale-of-thales…

Tale of Thales, binary options re-imaginedAt Thales we are very excited to share with you the beginning of a journey to deliver a superior binary options trading experience on the Ethereum network, being the first project specifically…thalesmarket.medium.com

With the help of Synthetix, Thales will enable binary options trading on the Ethereum network.

zkSync 1.x Testnet Launched

zkSync @zksync

ZKSYNC 1.X TESTNET OUT NOW!

zkSync 1.x: Swaps, NFTs, event system, and permissionless token listingCalling all developers! Try out NFTs and Swaps on our Rinkeby-beta and Ropsten testnets today! Functionality includes: The zkSync 1.x mainnet upgrade including swaps, NFTs, the new event system, and…medium.com

zkSync launched the Rinkeby & Ropsten testnet; the features will be very limited at first:

NFTs
ERC20 tokens swaps

Gitcoin Launches Governance Token

Gitcoin @gitcoin

💚 Introducing GTC — The Gitcoin Governance Token 💙 Let's decentralize Gitcoin! gitcoin.co/blog/introduci…

Gitcoin launched GTC with the goal to become more decentralized. You might be able to claim an airdrop if you ever used Gitcoin.

Find us on:

DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.