Tag: institutional adoption

Oct 19 2021

Galaxy Digital Raises $325 Million to Invest in “Interactive” Blockchain Projects

Galaxy Digital, a cryptocurrency investment firm founded by prominent billionaire investor Mike Novogratz, has announced it raised $325 million for Galaxy Interactive investment fund. The funds will go towards blockchain- powered games, finance, and other nascent technologies.

Oct 18 2021

First-Ever US Bitcoin ETF Set to Debut on New York Stock Exchange on October 19

ProShares’ Bitcoin ETH will be the first exchange-traded fund in the United States. The soon-to-be-launched Bitcoin ETF will be traded under the ticker BITO. BITO will provide Bitcoin exposure to US-based investors that feel at ease buying stocks and ETFs but are not prepared to use cryptocurrency exchange to acquire digital assets.

Oct 15 2021

SEC Will Allow Trading of the First Bitcoin Futures ETF

In what could be a defining moment for the cryptocurrency industry, the Securities and Exchange Commission (SEC) will reportedly not block ProShares and Invesco Bitcoin exchange-traded funds (ETF) from trading that is scheduled to begin next week.

Oct 14 2021

Visa Will Help Digital Artists Leverage NFTs to Monetize Their Artworks

Financial services giant, Visa, is launching a support program designed to help artists transition to the blockchain space and sell their digital creations in the form of non-fungible tokens (NFTs).

Oct 12 2021

BitMEX CEO Predicts at Least 5 Countries Will Follow in the Footsteps of El Salvador by Recognizing Bitcoin as Legal Tender

Alex Hoeptner, CEO of cryptocurrency exchange BitMEX foresees at least five developing countries making the leap of adopting Bitcoin as legal tender by the end of next year. Hoeptner cites remittances, inflation, and politics as the three key factors for his prediction.

Oct 11 2021

Bakkt Users will be Able to Spend Crypto to Purchase Everyday Goods and Services via Google Pay

Bakkt's partnership with Google will allow its users to spend their Bitcoin and other digital assets wherever Google Pay is accepted. Google payment platform’s support for Bakkt credit cards will greatly increase the usability of Bakkt and introduce millions of customers to crypto assets.

Oct 06 2021

U.S. Bank Starts Offering Cryptocurrency Custody Service to its Clients

One of the biggest financial institutions in the United States, U.S. Bank has started offering cryptocurrency custody services for Bitcoin, Bitcoin Cash, and Litecoin. U.S. Bank joins the likes of JPMorgan and Wells Fargo, which have recently expanded their repertoire of products and services to include crypto offerings.

Brazil Sets the Stage for Legalizing Bitcoin Payments

Brazil is the latest on the growing list of countries that are hastily drafting new legislation that would regulate the cryptocurrency industry and allow its citizens to reap the benefits of blockchain-based currencies.

Oct 05 2021

Oct 01 2021

Visa is Developing a “Network of Blockchain Networks” Using Smart Contracts

The payment processing giant is looking to provide interoperability for CBDCs ,and for all kinds of digital tokens and stablecoins that exist on different blockchains.

Sep 30 2021

Switzerland’s First Crypto Fund Receives the Official Seal of Approval

Swiss financial regulators have green-lighted the creation of the country’s first digital asset fund, according to Reuters. The exclusive fund, named the Crypto Market Index Fund, will be available only to qualified investors.

Sep 29 2021

Billionaire Orlando Bravo Owns Bitcoin And Is Very Bullish

The cofounder of private equity firm Thoma Bravo told CNBC that institutional adoption would fuel higher prices.Orlando Bravo, the cofounder of private equity firm Thoma Bravo, told CNBC today that he is an investor in bitcoin and a believer in its potential to surge in value over the coming years.“Institutions are just beginning to go there, and once that happens, I...

Europe is now the Largest Crypto Economy, Records $1T Worth of Transactions in the Past Year

Europe has grown to become the largest cryptocurrency economy in the world, with a quarter of total global activity, according to the latest report from Chainalysis. The region of central, northern, and western Europe, or CNWE, has mostly benefited from a massive uptick in the use of decentralized finance (DeFi) protocols, and increased interest from institutional investors.

Jul 13 2021

May 10 2021

May 04 2021

Mar 08 2021

Chinese Beauty App Meitu Adds $22M Ethereum to Balance Sheet

Meitu announced a $40 million investment in Bitcoin and Ethereum, making the Chinese company the first to disclose an Ethereum investment for its treasury. Chinese App Meitu Invests In Crypto The board of the company had previously planned to invest up to $100 million in cryptocurrencies. The company's cash reserve will...

Mar 01 2021

Citi Says Bitcoin Could Become “Currency of Choice for International Trade”

Bitcoin could be the world's first choice currency for international trade, according to Citi analysts. Bitcoin as a "Global Trade Facilitator" Bitcoin is "at the tipping point of mainstream acceptance or a speculative implosion," according to a Citi report. ...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: