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25% of UK investors would’ve made £1 million by going all-in on BTC in 2020: Survey
11.3.2021
A new poll found that a quarter of investors in the U.K. probably should have bet big on Bitcoin in 2020
Soros Fund, New York Life, Morgan Stanley Among Investors of $200 Million in Bitcoin Investment Firm
9.3.2021
Soros Fund Management, New York Life, and Morgan Stanley have joined Stone Ridge Holdings, Massmutual, FS Investments, and Bessemer Venture Partners to invest in bitcoin-focused investment company NYDIG. They will collaborate on a range of bitcoin-related strategic initiatives, and expect to launch...
IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
8.3.2021
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the...
Not Only Institutional Investors Focus On Bitcoin Now - Goldman Sachs
8.3.2021
US investment banking giant Goldman Sachs sees rising demand for bitcoin (BTC) not only among institutional investors, but also in the private wealth management industry.
“I think it's pretty fair to say that all of our institutional client discussion is really focused around bitcoin. Where...
US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail
8.3.2021
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit...
Goldman Sachs Sees Huge Institutional Demand for Bitcoin — 76% of Clients Say BTC Price Could Reach $100K This Year
6.3.2021
Global investment bank Goldman Sachs is seeing huge institutional demand for bitcoin with no signs of abating. A survey of Goldman’s institutional clients shows that 61% expect to increase their cryptocurrency holdings. Meanwhile, 76% say the price of bitcoin could reach $100,000 this year....
JP Morgan Poll: 22% of Investors Say Their Institutions Likely to Trade or Invest in Cryptocurrencies
6.3.2021
A recent JP Morgan poll found that 22% of the respondents said their respective organizations were likely to trade or to invest in cryptocurrencies. This figure (22%) is double the percentage of respondents (11%) who said yes when asked if their respective organizations were already trading or were...
South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic
5.3.2021
As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country. Millennials...
$2 Billion Merger: Bitcoin Miner Cipher Going Public Backed by Fidelity and Morgan Stanley
5.3.2021
Cipher Mining, a bitcoin mining operation of Bitfury, has announced that it is going public via a merger with a special purpose acquisition company (SPAC). The deal values the combined company at $2 billion, with funding from investors such as Morgan Stanley and Fidelity. Cipher Mining Technologies...
Bitcoin EFT may come to US, but not all crypto investors think it’s needed
5.3.2021
As Bitcoin ETFs launch in Canada, an approval from U.S. authorities appears to be closer than ever before as naysayers start to run out of reasons to deny it
50% of Inexperienced Investors to Hold Bitcoin Less Than a Year - Report
5.3.2021
With recent months bringing a surge in interest in bitcoin (BTC) among individual investors, a rising share of newcomers represent so-called 'weak hands' that might sell their crypto during the first serious price correction, according to a report by market research platform Cardify.
The share...
Canada's Bitcoin ETFs Losing Momentum, But Not Investors' Interest
4.3.2021
Bitcoin (BTC) exchange-traded funds (ETFs) in Canada seem to have lost their initial explosive growth, waning with other major plays in the market, but analysts argue that the interest in ETFs is still there.
The Purpose Bitcoin ETF (BTCC) was launched on February 18 as North America’s first...
1 in 5 investors at firms that don't trade in crypto say they are 'likely' to in future
4.3.2021
A poll has found 22% of institutional investors are likely to buy cryptocurrency in the future
North America’s First Bitcoin ETF Now Holds Over 11,000 BTC
4.3.2021
The first bitcoin exchange-traded fund (ETF) in North America now holds over 11,000 bitcoins. Purpose Bitcoin ETF saw strong interest at launch. An ETF researcher explained that the surge in interest was evidence of some combination of pent-up demand, the price of bitcoin, and investors switching...
NY Attorney General warns investors and crypto firms of 'extreme risks'
2.3.2021
New York Attorney General Letitia James has issued an investor alert against the "wild price swings and extreme risk" of crypto trading
Defi on Bitcoin Cash Gets a Boost- Smart Money Startup General Protocols Raises $3 Million from Investors
1.3.2021
On March 1, the startup General Protocols announced the company has raised $3 million in a Series A financing round led by a number of strategic investors. General Protocols is the firm behind the Anyhedge protocol, the first decentralized finance (defi) project built on the Bitcoin Cash network....
Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio
1.3.2021
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are here to stay. He is also getting used to the volatility of bitcoin...
JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge
28.2.2021
After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall...
Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month
27.2.2021
The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion. Among listed products, Grayscale’s bitcoin trust tops the list with the most assets under management while Bitwise’s fund was the best...
Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America
27.2.2021
In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete. Investments Allocated Mainly in Bitcoin and Ethereum According...