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Major players will speak at a new Bitcoin event aimed at institutional investors
24.6.2021
Featured speakers include Twitter CEO Jack Dorsey, Blockstream founder Adam Back, and Ark Invest's Cathie Wood
Q2’s Banking Platform to Enable Over 18 Million Users to Buy, Sell, Hold Bitcoin
24.6.2021
Q2’s digital banking platform, which currently powers nearly 30% of the top 100 banks in the U.S., will allow more than 18.3 million registered users to buy, sell, and hold bitcoin. Q2 Holdings Inc. (NYSE:QTWO) provides digital banking and lending solutions to banks, credit unions...
JPMorgan Survey: 49% of Institutional Investors Agree Cryptocurrency Is ‘Rat Poison’ as Warren Buffett Says or a Fad
24.6.2021
Investment bank JPMorgan conducted a survey of thousands of investors from 1,500 institutions and found that 49% of them think that cryptocurrency is either “rat poison squared,” the term used by Berkshire Hathaway CEO Warren Buffett to describe bitcoin, or “a temporary...
Mike Novogratz: Institutional Investors Will See Bitcoin’s Price Decline as Opportunity to Buy
24.6.2021
Galaxy Digital CEO Michael Novogratz says he is not nervous about bitcoin’s price falling, even when it falls below $30K. “The ecosystem is so much more mature. The amount of players that are moving in are so much more mature. Every single bank is working on their own crypto...
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
22.6.2021
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will...
PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
21.6.2021
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin...
FTX’s Sam Bankman-Fried: Institutions are ‘desperate’ for crypto
18.6.2021
Is SBF going to lobby the government on behalf of crypto? How badly do institutions want in on the blockchain game? When's a moat an impediment to growth, and not a protective shield?
‘All Banks Go Fintech’: Hong Kong Unveils ‘Fintech 2025’ Strategy
10.6.2021
The Hong Kong Monetary Authority (HKMA) plans to guide local banks towards full adoption of fintech technologies, a new strategy reveals. The region’s central banking institution also stressed that it’s going to “walk the talk” by digitalizing its own supervision...
Record $141M outflow from Bitcoin products signals institutions are bearish on BTC: CoinShares
8.6.2021
Institutional investors withdrew a record $141 million from Bitcoin investment products this past week
Digital bank Anchorage offers Ethereum-backed loans to institutions
4.6.2021
Institutional investors can get USD on credit without liquidating their ETH
For the long haul? When Bitcoin nosedived, institutions held fast
28.5.2021
Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.”
Zimbabwe’s Biggest Bank Looks at Methods to ‘Leverage Cryptocurrencies’
26.5.2021
One of Zimbabwe’s biggest financial institutions, CBZ Holdings says it is looking at ways it could “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about...
Goldman Sachs Says FOMO Is Driving Institutional Investors to Bitcoin
26.5.2021
Investment bank Goldman Sachs says institutional investors and asset managers are driven to bitcoin by “fear of missing out” (FOMO). Goldman now considers bitcoin a new asset class. Nonetheless, institutional investors are facing several strong barriers to entry into the crypto market....
Bank of Korea Seeking Technology to Develop Digital Currency
25.5.2021
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic...
$8.6B IT firm Globant revealed as Bitcoin’s latest institutional buyer
25.5.2021
The technology solutions firm revealed it purchased $500,000 worth of BTC during the first quarter of 2021
US FDIC seeks insight on banks’ role in cryptocurrency markets
18.5.2021
The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market
Institutions dump BTC as volume soars for Ether funds
18.5.2021
Institutional investors appear to have offloaded nearly $100 million worth of Bitcoin exposure this past week while Ether investment product volumes surged
Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
18.5.2021
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector...
Bitcoin slips below $46K as correction deepens; institutions keep accumulating
16.5.2021
After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market
Bank of Korea to Monitor Crypto Transactions Using Financial Records
15.5.2021
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk...