Bitcoin stepped away from tailing price trends in the Nasdaq Composite, helped by more signs of institutional interest in the cryptocurrency sector. The BTC/USD exchange rate surged 3.96 percent to $54,489—a two-week high—after a report from Goldman Sachs revealed that 40 percent of its clients now have exposure to cryptocurrencies and 70 percent of them believe the cost to purchase […]

The Bitwise DeFi Crypto Index Fund sold $32.5 million in equity according to a filing with the Securities and Exchanges Commission (SEC) as defi seemingly makes its way to the stock market. Something called the Bitcoin Fund based in Ontario, Canada, sold or rather bought $60 million worth of bitcoin according to another SEC filing. While the Galaxy Ethereum Fund […]

The first bitcoin fund in the Southeast Asian region, the BCMG Genesis Bitcoin Fund, otherwise known as BGBF-1, recently launched to cater to accredited institutional investors.  Bitcoin Fund for Asian Institutional Investors According to a press release on Monday (Mar. 8, 2021), the new bitcoin fund which aims to cater to institutional demand for cryptocurrency seeks to leverage on the […]

German bank Donner & Reuschel is set to offer cryptocurrency buying and custodial services to its clients. This signifies a different phase for the bank as it looks to expand its services to the growing crypto industry.  Major Development  This development was revealed in a press release on March 8, 2021. According to the report, Donner & Reuschel are set […]

Quick take: Bitcoin’s Twitter sentiment has taken a nosedive in the month of March BTC Twitter sentiment is at its most bearish since October 1st 2020 However, the approval of a $1.9T stimulus bill might change the tide for Bitcoin Bitcoin has regained the crucial $50k support with the weekly close ahead Bitcoin reclaiming $52k and $55k would return it […]

At 17:24 UTC on Saturday (March 6), U.S. Senate Majority Leader Chuck Schumer announced that Senate Democrats had just managed to get passed a $1.9 trillion COVID-19 relief bill (“American Rescue Plan”). Moments later, Bitcoin started rally, and by 14:05 UTC on Sunday (March 7), on crypto exchange Bitstamp, the BTC price had reached $51,306, which is so far today’s intraday […]

In brief: Bitcoin is getting harder to ignore as an investment option Bitcoin’s market cap is now greater than JPMorgan, Facebook, VISA and Tesla individually Rich Dad, Poor Dad author continues to recommend Bitcoin as a hedge against possible global financial turmoil Tyler Winklevoss has also reiterated that Bitcoin is the best hedge against incoming inflation Bitcoin is getting harder […]

JPMorgan has reportedly quietly told some of its clients to consider Bitcoin as a portfolio diversifier, noting the asset could be beneficial if “sized correctly.” According to a report by Wolfie Zhao for The Block, JPMorgan Private Bank has distributed an educational deck of slides to clients of its wealth management service in order to help them better understand the […]

Prior to leaving office, Donald Trump and his administration proposed new rules that they said were aimed at taking on money laundering via cryptocurrency. The new rules would require financial firms to record the identities of cryptocurrency holders. Some experts believe this would cause a severe drop across the entire cryptocurrency market. But the new proposed rules have opponents in […]