Tag: companies

Jul 13 2021

$2 Trillion Asset Manager, Capital International Group Buys 12% Of Microstrategy

With 105,084 BTC on its books, MicroStrategy is by far the largest business Bitcoin holder on the planet. More than 111,000 BTC are held by entities controlled by Michael Saylor. Capital International Group Acquires Part Of Microstrategy According to SEC filings, Capital International Group, a $2.3 trillion asset management based in Los Angeles, declared a 12.2 percent interest in bitcoin-focused MicroStrategy. Capital Group...

Jul 12 2021

Binance Slew Of Problems Continues As Clear Junction Ditch The Crypto Exchange

Following a wave of unfavorable stories surrounding Binance in recent weeks, another player has decided to disassociate itself from the exchange. One of Binance’s payment partners in Europe, Clear Junction, has suspended facilitating payments to the crypto exchange. Clear Junction Cut Binance Off In recent weeks, Binance has had to deal with a slew of regulatory problems. Following similar steps by Barclays and...

Jul 05 2021

Grayscale Investments Adds Cardano to Flagship Digital Large Cap Fund

Jul 05 2021 Published at Bitcoinist.com under tags  ada altcoins bitcoin cardano companies

Earlier this week, cryptocurrency asset manager Grayscale Investments announced that it had added Cardano (ADA) to its digital large cap fund (GDLC) -- marking the crypto project as the fund’s third largest component. Cardano is a...

Jun 28 2021

Huobi Bans Chinese Residents From Derivatives Trading As China’s Crypto Crackdown Continues

China’s ongoing crackdown on cryptocurrencies has forced Huobi exchange to halt derivatives trading services to users in China. As per an updated User Agreement from the Seychelles-based exchange, China is now on the list of prohibited jurisdictions for derivatives trading. Crypto users in the country can still access the exchange for spot trading. Huobi Ban Derivatives Trading The digital currency exchange Huobi has...

Jun 23 2021

Goldman Sachs Jumps On JPMorgan’s Repo Blockchain To Start Crypto Trading

Goldman Sachs Group Inc. has joined the blockchain-based network created by JPMorgan Chase & Co. for repurchase agreements that use smart contracts and a digitized version of the U.S. doll Goldman Sachs On JPMorgan's Blockchain In an interview with...

Jun 20 2021

Grayscale Looks to Bolster Offerings with 13 More Cryptos, Including Polygon, Solana, ICP

Jun 20 2021 Published at Bitcoinist.com under tags  bitcoin companies news

Cryptocurrency asset manager Grayscale Investments announced earlier yesterday that it would consider venturing into new crypto investment products, including ones that...

Jun 16 2021

Crypto Asset Manager Bitwise Raises $70 Million in Latest Funding Round

Earlier this week, Bitwise announced that it had gained the financial backing of a new list of investors -- including KKR founder Henry Kravis and billionaire hedge fund manager Stan Druckenmiller. The round, which raised $70 million at a valuation just north of $500 million, featured investors including Electric Capital, Moore Strategic Ventures, Vetamer Capital, and Third...

Jun 12 2021

Crypto Bank Silvergate Cuts Ties with Binance, Discontinuing USD Deposits and Withdrawals

Silvergate Bank, a major financial institution partnered with crypto exchanges ranging from Kraken to Coinbase, recently cut ties with Binance. Earlier this Wednesday, Binance sent an email to its users stating that the platform would no longer support deposits and withdrawals via...

Jun 11 2021

The BitClout Drama Continues: Enter Robert Breedlove And Naval

The Bitcoin community hates BitClout with a passion. One of the space’s thought leaders, author and podcaster Robert Breedlove, just mentioned he’ll “be taking a look at it over the next week” and everyone lost their minds. Some thought he was kidnapped, or at least hacked. Others were more cautious and thought the BitClout people paid Breedlove...

Jun 02 2021

Standard Chartered Unit To Launch Crypto Services For Its Rich Clients

Standard Chartered, a major European bank, recently announced its plans to open a cryptocurrency exchange and brokerage platform in the United Kingdom and Europe. The Unit Will Target Institutional Investors According to a Reuters report from June 2, a StanChart PLC entity is...

Google Releases New Policies On Crypto-Related ADs

Google has announced an update to its financial products and services policy, which includes its policy on cryptocurrency advertising. The Tech Giant Introduces New Crypto Policy In a policy statement published Wednesday, Google said that "beginning...

May 28 2021

Nvidia: Ethereum’s PoS Upgrade Will Set Back Graphics Card Demand

As Ethereum’s transition to EIP-1559 and Ethereum 2.0 loom ever closer, discussions over the future of GPU mining have swept over the crypto mining community. If EIP-1559 fails to bring down Ethereum’s obscenely high transaction costs and thus drive Ethereum mining obsolete, the shift to proof- of-stake certainly will. While these thoughts are a dime a dozen these days, graphics card...

May 27 2021

The Summer’s Biggest Event Celebrating Decentralized Finance – Register now at DeFi Summit

May 27 2021 Published at Bitcoinist.com under tags  companies

DeFi Summit, the largest conference dedicated to decentralized finance is almost here and due to take place from June 14th to 18th 2021. Set to be the biggest event in DeFi this year, the virtual summit is free to attend and features five days jam-packed with speakers, panel sessions, fireside chats, and even a demo day for up and coming projects across different...

NBA Hall of Famer Paul Pierce to Play Against Joe Lubin & Phil Ivey in a Charity Poker Game Broadcast Live on Twitch

May 27 2021 Published at Bitcoinist.com under tags  companies industry

Watch Top Celebrities Battle It Out on the Virtue Poker Platform To support charitable causes, Virtue Poker, a leading decentralized poker platform, will organize a crypto celebrity poker tournament on its...

Crypto Asset Firm One River Files for Carbon-Neutral Bitcoin ETF

Amid growing debate surrounding Bitcoin’s high energy consumption, one asset manager is looking to create a more environmentally conscious Bitcoin exchange-traded fund. According to SEC filings from earlier this week, One...

Cathie Wood’s Ark Invest Buys the Bitcoin Dip, Adds $20 Million in GBTC

May 27 2021 Published at Bitcoinist.com under tags  ark bitcoin btc cathiewood companies

Without a doubt, Cathie Wood has been one of the most vocal proponents of Bitcoin’s technology and value on Wall Street. Her fund Ark Invest was the first ever institutional fund to invest in through Grayscale Bitcoin Trust (GBTC) in 2015, which was when Bitcoin was only worth 200 dollars....

May 25 2021

Chia Network Closes $61 Million Funding Round with $500 Million Valuation

Chia Network, a blockchain and smart currency platform known for its storage- based mining, has raised $61 million from notable investors including Andreesen Horowitz. https://t.co/MQ8U7Y4SVW -- Chia Project...

May 23 2021

Huobi Halts Futures Trading Services, Mining Pool in China as Regulatory Pressures Mount

Per Bloomberg, cryptocurrency exchange Huobi began blocking its Chinese customers from being able to access some of their services. When China banned crypto exchanges back in 2017, Huobi moved its...

Deutsche Bank Turns Against Bitcoin Amid 50% Drop: Valuation is “Wishful Thinking”

Historically, institutions have always been the biggest skeptics of Bitcoin and cryptocurrencies as a potential asset class. Even at the height of the 2017 bull run, many financial institutions remained doubtful of crypto’s emergence and its ability to become mainstream. However, a roaring start to 2021 saw Bitcoin climb over 300% at its all-time peak, which led to an...

Crypto Exchange FTX Set to Raise $1 Billion in Funding with $20 Billion Valuation

Crypto derivatives exchange FTX is raising a funding round with a private valuation just north of $20 billion. Per The Block, the exchange is reportedly looking for funding anywhere from $400 million to $1 billion. The latest funding raise would be used to expand FTX’ exchange offerings beyond cryptocurrencies in light of competitors venturing into alternative assets. Binance, for...

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