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Bank of Singapore Says Cryptocurrencies “Could Replace Gold as a Store of Value” but Unlikely to Displace Fiat Currencies
25.1.2021
A new research note released by the Bank of Singapore (BOS) suggests that cryptocurrencies are more likely to replace gold as a store of value. However, the note says it is unlikely that such digital currencies can replace fiat currencies even as their appeal grows. Inefficient Unit of Exchange...
Institutions Keep Buying Bitcoin’s Dip, Despite Near-term Volatility: Data
22.1.2021
Institutions and "whales" have continued their bitcoin purchases, on-chain data shows
eToro Survey Finds Pensions and Endowments Are Finally Waking Up to Crypto
21.1.2021
The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds
World’s Largest Asset Manager Blackrock to Invest in Bitcoin Futures
21.1.2021
Blackrock, the world’s largest asset manager with $7.81 trillion under management, is getting into bitcoin. The firm has filed with the U.S. Securities and Exchange Commission (SEC) for two of its funds to invest in bitcoin futures. Blackrock Gets Into Bitcoin Blackrock filed...
Former US Treasury Secretary Larry Summers Says Bitcoin ‘Is Here to Stay’
21.1.2021
Former U.S. Treasury Secretary and economist Larry Summers says bitcoin is here to stay despite the concerns by some that it may be a bubble. The former secretary asserts that bitcoin’s price fluctuations are in fact a sign of its resilience. In his latest comments about bitcoin, Summers,...
Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption
21.1.2021
British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.”...
Some institutional investors taking profit as Bitcoin retraces
21.1.2021
CoinShares has noted significant outflows from institutional products this past week, signaling some institutions have been realizing profits amid BTC’s recent pull-back
Nigerian Youth Propels the Country to the Top of Google Bitcoin Search Rankings
15.1.2021
Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of...
Did Grayscale push Bitcoin back up to the $40K mark?
15.1.2021
Some stats indicate Bitcoin’s current rally could be more reliant on institutional investors than ever before
Oaktree Capital Chairman Warms up to Crypto — Thankful His Son Owns Enough Bitcoin for the Family
15.1.2021
Oaktree Capital co-founder Howard Marks is warming up to cryptocurrency. Once a crypto skeptic, he now says “thankfully” his son is “quite positive on bitcoin” and “owns a meaningful amount for our family.” Howard Marks Warming up to Crypto Howard Marks...
Goldman Sachs Sees Bitcoin Market Becoming More Mature
14.1.2021
Goldman Sachs’ global head of commodities research sees the bitcoin market becoming more mature. “The key to creating some type of stability in the market is to see an increase in the participation of institutional investors,” he detailed. Meanwhile, the price of...
Bitcoin’s Active Addresses, Trading Volumes Now at All-Time Highs
11.1.2021
Bitcoin's active addresses and trading volumes broke their previous all-time high set in late 2017
Bitcoin Erases Most of New Year’s Gains Amid Short-Term Profit Taking
11.1.2021
Monday's plunge has erased almost all the gains the leaving cryptocurrency had achieved in the new year
‘Bitcoin Rich List’ Rebounds to Hit All-Time High
7.1.2021
'Bitcoin Rich List' broke its all-time high as bitcoin's price continues to rally
Regulated Bitcoin ETPs Skyrocket, Coinshares Cites ‘Unprecedented Interest from Institutional Investors’
6.1.2021
The Sweden-based XBT provider Coinshares saw roughly $202 million in XBT certificates swap hands on the market’s first day of trading in 2021. Meanwhile, on the same day, the bitcoin exchange-traded product BTCE saw $100 million in trade volume. Coinshares Group is a European firm dedicated...
Bitcoin Sets New All Time High Spiking Over $35,000
6.1.2021
Bitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another new all-time high (ATH) of $35,879. Based on this new milestone, the top cryptocurrency has now surged by more than 20% in just the first of five days of the new year. Record-Breaking Start...
Onboarding Institutional Crypto Investors- Coinbase Helps Execute ‘One of the Largest Digital Asset Trades in History’
6.1.2021
Over the last year, institutional investors have been flocking toward crypto assets like bitcoin and after Microstrategy’s initial bitcoin purchase, the trending institutional demand for crypto started swelling. On Tuesday, the San Francisco trading platform Coinbase published a study that...
Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish
29.12.2020
Bitcoin fell to the $26,000 level after it hit above $28,000 on Sunday, yet markets remain bullish on both retail and institutional interest
CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest
29.12.2020
The CME has become the largest bitcoin futures exchange by open interest amid institutional onboarding
Shark Tank’s Kevin O’Leary Warns Regulators Will Come Down Hard on Bitcoin — ‘It Will Be Brutal’
28.12.2020
Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, has warned about regulators coming down hard on bitcoin. In addition, he says that “even if bitcoin were to go up another 2,000%, it’s completely irrelevant to institutional clients.” Kevin O’Leary Warns...