After a turbulent week where Elon Musk criticized bitcoin, he has now come out to say he supports crypto over fiat. After stating “any sufficiently advanced magic is indistinguishable from technology,” the CEO of Tesla and SpaceX said: “The true battle is between fiat and crypto. On balance, I support the latter.” That’s just a day after Musk argued that […]
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Shark Tank co-judge and chairman of O’Shares ETFs, Kevin O’Leary, has personally invested in bitcoin but he doesn’t think institutional investors and other high-net-worth investors are getting into the market yet. Bitcoin’s Sustainability Issue Keeps Institutional Money Sidelined One of the most popular narratives in the crypto space is that institutional investors are finally entering the crypto world in a […]
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Cowen, an American investment bank with about $12 billion in assets under management, has raised $46 million for its Cowen Digital Asset Investment Co LLC intended to provide exposure to bitcoin and cryptos. General Counsel Michael Benwitt said in a Securities and Exchanges Commission filing that 80 investors participated with a minimum accepted investment of $10,000. This is just weeks […]
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From bitcoin basher to bitcoin owner, Ray Dalio is the latest to join the ranks of uturners, the most famous of whom perhaps until now was the French finance minister Bruno Le Maire. Just months ago Dalio said the government will ban bitcoin. This January he revealed he actually didn’t know much about bitcoin at all. So his asset management […]
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As various sectors of the global economy keep making serious efforts to reduce their carbon footprints, Montana-based Madison River Equity LLC is putting preparations in top gear to install a 1,600-acre, 300-megawatt solar facility that could transform the city into a global bitcoin (BTC) mining hub, and provide thousands of job opportunities for residents, according to a Gizmodo report on […]
Read moreSheetz has become the first convenience store chain to accept payments in cryptocurrencies such as Bitcoin and Ether, in-store and at the fuel pumps. It has teamed up with pure-digital payments network Flexa to offer this payment option that also uses carbon-neutral payments technology. Sheetz will now provide customers with the ability to pay for items inside the store or […]
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Fidelity Investments has revealed via a filing with the United States Securities and Exchange Commission (SEC) on May 26, 2021, that its Wise Origin Bitcoin Index Fund I, LP, has raised over $100 million from investors since going live in August 2020. Fidelity’s Bitcoin Fund Sees Huge Success Fidelity Digital Assets, a subsidiary of Fidelity Investments offering its institutional clients […]
Read moreShares of digital marketing solutions and cloud-based tools provider to the small-to-medium sized businesses (SMBs) Thryv Holdings, Inc. (THRY) are rising more than 11% Thursday morning. Wednesday the company announced the pricing of its secondary public offering of 4,238,426 common shares by certain selling stockholders at $23.50 per share, a 4.1% discount to Thryv’s closing price of 24.51 on Wednesday. […]
Read moreShares of online large-class after-school tutoring service provider in China, GSX Techedu Inc. (GOTU) are down more than 11% Wednesday morning following first-quarter results. The company reported net loss of $217.64 million or RMB1.426 billion, compared with net income of RMB147.99 million in the same period a year ago, impacted by higher expenses. Loss per ADS were $0.85 or RMB5.58 […]
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