Nick Chong · 26 mins ago · 2 min read
Read the latest › ETH 2.0
Read the latest › Regulation
Shaurya Malwa · 4 days ago · 2 min read · Insights via ConsenSys
Shaurya Malwa · 1 day ago · 2 min read
Crypto exchange-traded products (ETP), institutional offerings that track the price of crypto assets like Bitcoin and Ethereum, saw their volumes increase by over 2.2% this month, as per a report by CryptoCompare.
Square Inc has announced today that it has purchased 4,709 BTC for approximately $50 million, allocating around 1 percent of its total assets as of Q2 2020 to Bitcoin.
A crypto-focused hedge fund is now accepting investors and raising funds for the launch of an algorithmic hedge fund to generate profits from the rapidly growing decentralized finance (DeFi) market, as per a release.
Bitcoin adoption has already reached the high coffers of the Norwegian government, albeit in an indirect manner.
Litecoin demand among institutional investors on Grayscale Investments surged last week ahead of the protocol’s Mimblewimble upgrade and as fears of inflation have risen among US investors, as per reports.
Fears of massive oncoming inflation, led by incessant money printing and economic disbalance in the US, is causing investors to seek refuge in a variety of alternative assets, including Bitcoin, gold, and even whiskey.
The Bitcoin bull run in 2020 has sent ripples (no puns) across the crypto space with market observers calling for the asset to eventually reach all-time highs later this year.
Nasdaq-listed American enterprise software firm Microstrategy said it purchased over $250 million in Bitcoin this year, an announcement that pumped its stock prices up by 10 percent.
As most readers are likely aware, Ethereum and Bitcoin faced a flash crash on the evening of August 1.
The DeFi-induced bullrun has arguably pushed the crypto market upwards the past week, with Bitcoin, Ethereum, and other major cryptocurrencies giving gains of over 10-15 percent to investors.
Bitcoin’s recent rally past $11,000 for the first time in about a year has been impressive by many standards.
Bitcoin, and the crypto market, have finally blossomed after a long two-year-wait.
The DeFi market got its first unicorn this week; if the total value locked (TVL) in assets on a platform is considered.
Ethereum’s surge to over $300 on Saturday created the most profits for holders in over two years; if on-chain data is considered.
Save for strong developments with specific altcoins such as Cardano and Chainlink, coupled with the news that PayPal may integrate Bitcoin, the crypto industry has been rather quiet over recent months.
In June, $2 trillion asset manager Fidelity Investments published a report on institutional investment in the Bitcoin and crypto industry.
Coinbase has long been deemed the flagship company of the crypto and blockchain industry.
First, they ignore you, then, they fight you, then you win.
Innovative Bitcoin products are not falling short of delivering this year, with institutional firms notching up one crypto product or other.