Written from the perspective of Hehmeyer CEO, Chris Hehmeyer.
To borrow the common terminology of the day, 2020 was an “unprecedented” year in many respects for the world, and for our business. We witnessed a number of historic events unlike years past, we battled through a pandemic-induced economic recession, we…
The complementary crypto market makers unite to deliver better prices and a superior service to their clients and counterparties
CHICAGO, ILLINOIS, February 10, 2021 — Hehmeyer LLC, a Chicago-based market maker in digital assets, today announced its agreement to merge its electronic liquidity provision business with Nortide Capital AG (with…
For the month of October, US stocks have declined 1.6%, while Bitcoin is on track to gain 24% and 85% on a year-to-date basis. On Tuesday, Bitcoin reached an all-time high for 2020 of $13,490 when news broke about DBS, Southeast Asia’s largest bank, launching a digital asset exchange. According…
Every week, another institution appears to jump aboard the crypto train. This week, it is PayPal. On Wednesday, PayPal officially confirmed it is entering the cryptocurrency market, enabling its customers to buy, sell, and hold cryptocurrency directly from their PayPal account — a feature that will be live within the…
This week, institutional support of digital assets continued to strengthen. Stone Ridge Holdings Group (SRHG), parent company of New York Digital Investment Group LLC (NYDIG) and also of a $10B+ AUM asset management firm, announced it had purchased more than $100M in Bitcoin (around 10,000 BTC) as part of its…
Big news hit the cryptosphere this week when payment app Square (NYSE: $SQ) purchased around 4,709 Bitcoin at an aggregate purchase price of $50 million (approximately 1% of the company’s total assets), representing the latest institutional endorsement of the world’s oldest cryptocurrency. Announcing the news on Thursday, Square’s CFO Amrita…
The week began with no significant news highlights in the crypto space. However, it ended with major happenings, causing the price of Bitcoin to fall. On Thursday, the Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action charging five entities and the three individuals that own…
Over the past week, it appears sentiment may have shifted in favor of the bulls as Bitcoin flirts with $11,000. Bitcoin, trading above its 10-day and 50-day moving averages, has performed poorly compared to equities for the month of September. Traders are keeping an eye on the dollar index (DXY)…
Bitcoin price holds steady as MicroStrategy buys $175M more Bitcoin
MicroStrategy has acquired an additional $175M more in Bitcoin, increasing their total BTC holdings to $425M. The average purchase price of these Bitcoins comes out to approximately $11,111, including fees and expenses. …
September Trends
Historically, September is a difficult trading month for Bitcoin - and 2020 appears to be no different for the asset as traders faced a bearish start for the month. For almost a week, Bitcoin stayed above the $10,000 support level after a fall from $12,100, even though Wall Street gave…
