A former head of the London Stock Exchange has asked the U.K. government to endorse cryptocurrency adoption in the wake of Brexit.  In a co-authored blog post published Wednesday, former head of the London Stock Exchange Xavier Rolet said that a post-Brexit U.K. could leverage the boom in crypto-assets in order to make the nation the center of a “reputable […]

Institutional investors have seemingly bought the dip after the price of bitcoin corrected from an all-time high above $58,000 to about $45,000, with $650 million leaving cryptocurrency exchange Coinbase potentially signaling a large buy. The CEO of crypto data firm Ki Young Ju pointed to a massive 13,000 BTC movement out of the San Francisco-based cryptocurrency trading platform and pointed […]

Yerevan (Bitcoinist) – Bitcoin underwent a modest recovery this Wednesday after Square, a payment service rival to PayPal, revealed its recent investments into the cryptocurrency. The Twitter-fame Jack Dorsey’s firm purchased $170 million worth of bitcoin tokens at an average rate of $53,125. Combined with its $50 million investment into the cryptocurrency previously, the latest BTC acquisition represents approximately five […]

MicroStrategy announced Wednesday it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of convertible debt. The Virginia-based enterprise software company said it paid an average price of $52,765 per bitcoin, including fees and other expenses. Its acquisition of approximately 19,452 bitcoins puts MicroStrategy's total holdings of the digital token at 90,531. MicroStrategy revealed […]

On Wednesday (February 24), Nasdaq-listed business intelligence company MicroStrategy Inc. (NASDAQ: MSTR) announced details of its latest Bitcoin purchase. According to the company’s press release, the software firm that many uniformed retail investors think of as a sort of unofficial Bitcoin ETF due to the large number of bitcoins it holds in its corporate treasury, it “purchased an additional approximately 19,452 bitcoins for approximately […]

The Purpose Bitcoin ETF, managed by Purpose Investments, has seen its total assets under management surpass the $500 million mark this week as inflows from institutional investors appeared to be unaffected by the market’s dip. According to data firm Glassnode, the Purpose Bitcoin ETF, the first bitcoin exchange-traded fund (ETF) in North America, reached $564 million in assets under management […]

Morgan Creek Digital co-founder Mark Yusko says the looming generational wealth transfer to millennials will lead to trillions of dollars in new capital for crypto-assets.  Speaking in a recent interview with Preston Pysh, Yusko cited a research report from the Deloitte Center for Financial Services mapping the trends in generational wealth in the United States. According to the report, millennials […]

On Tuesday (February 23), FinTech firm Square (NYSE: SQ) disclosed that it had invested another $170 million in Bitcoin. Square was founded in February 2009, i.e. it is 11 years old, just like Bitcoin (BTC). The three co-founders are Jack Dorsey (who is also the company’s Chairman and CEO), Jim McKelvey, and Tristan O’Tierney. Yesterday, Square announced fourth quarter and full year 2020 […]

Massachusetts-based Cape Cod Hospital received a large anonymous crypto donation of $400,000 in Bitcoin, on 19 February. This would not be the first time for the hospital to get donations in crypto. Overall, Cape Cod Healthcare received $800,000 in Bitcoin to date. Only last month, the anonymous donor gave another $400,000 in crypto to the hospital.  The Cape Cod team […]