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Retail traders buying more Bitcoin than institutions: JPMorgan
17.3.2021
Retail traders have been buying large amounts of BTC through PayPal and Square
Digital asset investment products hit record $4.2B inflows already this quarter
17.3.2021
Bitcoin dominates but Ethereum is growing in popularity for institutional investment products
Good correction? Bitcoin price regains $57K as institutions buy the dip
10.3.2021
Bitcoin’s price bounces back to the $50,000 range as new investors show weak hands during the dip
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...
Financial Institutions Risk To Cut Themselves Off From Innovations
3.3.2021
This is a speech by Hester M. Peirce, pro-crypto commissionaire at the US Securities and Exchange Commission (SEC), given at the FinTech Panel at the Institute of International Bankers 2021 Annual Washington Conference this week.
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Thank you, Briget [Polichene]. Good afternoon and thank you...
Bitcoin whales are accumulating BTC around $48K, on-chain data suggests
3.3.2021
Big Coinbase outflows show that some big players are scooping up Bitcoin on dips below $50,000
Institutions and miners accumulating through Bitcoin chop; whales uncertain
27.2.2021
Bitcoin in, and Bitcoin out: major players are deploying different strategies as BTC consolidates well under $58,400 highs
Janet Yellen Stresses Importance of Crypto Regulation, Making Sure Bitcoin Is Not Used in Illicit Transactions
19.2.2021
U.S. Treasury Secretary Janet Yellen has reaffirmed that it is important to ensure that bitcoin and other cryptocurrencies are not used for illicit financing. In addition, she stresses the importance of regulating institutions that deal with bitcoin. Janet Yellen Claims It’s Important to Make...
Nigeria Crypto Ban: Bitcoin Sells for $76K as Deposits on Centralized Exchanges Plummet
18.2.2021
According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000. At this price, the crypto asset is selling for $20,000 more than the approximately $52,000 that most cryptocurrency exchanges...
Blockchain Bites: Bitcoin Volatility Hasn’t Shaken Out Institutions
16.2.2021
Bitcoin set a new high above $50,000 after erratic trading earlier this week, though options markets are not anticipating a drawdown anytime soon
Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions
16.2.2021
A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks. The CBN order, which seeks snuff out crypto entities from the banking system, took effect on February 5, 2020....
Institutions Not Worried About Bitcoin Drop Below $40K, Options Data Shows
15.2.2021
Lack of hedging demand for long-term put options shows institutions remain unconcerned by Monday's price drop
Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply
14.2.2021
The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation
UN Report: North Korea Stockpiles $316 Million in Cryptocurrencies From Cyberattacks
10.2.2021
A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert...
ETH represented 80% of last week's institutional crypto inflows
9.2.2021
Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows
Wall Street Shifts Focus from Blockchain Infrastructure to Crypto Assets
8.2.2021
Enterprise blockchain technology has been underwhelming but financial institutions are investing heavily in digital assets, a new analysis shows
Asset Manager Stone Ridge’s NYDIG Sees Wall of Money Coming Into Bitcoin — Institutions Grow Beyond Owning BTC
8.2.2021
The founder of Stone Ridge Asset Management and the New York Digital Investment Group (NYDIG) sees a “wall of money” coming into bitcoin based on his firm’s order book. The executive believes that institutions are just getting started and we will see an explosion...
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’
6.2.2021
Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale revealed Friday that its net total crypto assets under management now stands...
Central Bank of Nigeria Orders Banks to Close Accounts of Crypto Clients as Remittances via Traditional Corridors Drop by 97%
6.2.2021
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to financial institutions that...