Bookmarking Crypto Insights
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While bitcoin and a number of digital assets set new 2020 price highs, a variety of crypto-asset commentators have detailed that since October, there’s been a lot of bitcoin buying action during U.S. market hours. Data shows that between East Asia and North America, the two regions account for close to half of all the … Read more
Financial derivatives products for bitcoin have grown massively during the last few months. On Friday evening (EST), Arcane Research explained that the Chicago Mercantile Exchange has surpassed Okex as the largest bitcoin futures provider. The regulated derivatives market at CME has doubled month after month as incoming interest has created more demand for CME’s bitcoin … Read more
Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up. Go to Source Powered by WPeMatico
A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin. “We have been positioning in gold for our clients for many many years now. Now we’re doing it with bitcoin,” said an executive of the … Read more
Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000. Go to Source Powered by WPeMatico
Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion in Custody Coinbase’s Head of Institutional … Read more
Bitcoin Bull Michael Novogratz’s company, Galaxy Digital, has acquired two cryptocurrency firms in preparation to meet a “bigger wave of institutional demand” for bitcoin. Big Wave of Institutional Demand for Bitcoin Incoming Galaxy Digital Holdings announced Friday that it has acquired two cryptocurrency trading firms: Drawbridge Lending and Blue Fire Capital. New York City-headquartered crypto … Read more
JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, such as family offices and asset managers. Gold ETF Investors Moving to Bitcoin JPMorgan’s Global … Read more
Grayscale is on track to control 5% of the entire Bitcoin circulating supply by the end of 2021 with a record $215 million inflow last week. Go to Source Powered by WPeMatico
Fidelity Digital Asset Services has revealed the company is expanding into Asia and plans to help high-net-worth investors and family offices in the region with custodial crypto products. Fidelity is working with the Singaporean startup Stack Funds, a fully-insured custody operation servicing traditional financial institutions. Fidelity Investments Inc., is an American multinational financial services corporation … Read more
