New Zealand retirement fund reportedly allocates 5% to Bitcoin
Institutional uptake of BTC is on the rise. KiwiSaver of New Zealand appears to have built up exposure to Bitcoin in October 2020. Go to Source Powered by WPeMatico
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Bank of America report extols the virtues of HODLing
New research from the multinational investment bank confirms what many of us knew all along: Investors should never try to time the market. Go to Source Powered by WPeMatico
Solana raises $40 million in strategic investments from OKEx, MXC exchanges
Over 50 market-ready projects have launched on Solana over the past month. The new capital infusion will help accelerate the growth and development of key projects. Go to Source Powered by WPeMatico
Staked ETH Trust opens Ethereum staking to accredited investors
The Staked ETH Trust seeks to simplify the staking process for accredited investors and other institutions. Go to Source Powered by WPeMatico
Blockchain.com raises $300M in crypto industry’s third-largest capital raise
The investment round was led by DST Global, Lightspeed Venture Partners and VY Capital and gave Blockchain.com a $5.2 billion valuation. Go to Source Powered by WPeMatico
Most asset managers still in ‘education mode’ on crypto, says Fidelity
Michael Derbin, head of Fidelity Institutional, says that while some wealth managers are by now “sophisticated” and “comfortable” with crypto, many others are still playing catch up. Go to Source Powered by WPeMatico
Institutional managers hold a record $57B worth of crypto, according to CoinShares
Inflows into Grayscale products continue to surge, according to CoinShares data. Bitcoin remains the preferred asset for institutional investors. Go to Source Powered by WPeMatico
Forex and crypto investors seek thrills and social status, says FCA study
A new study commissioned by the United Kingdom’s Financial Conduct Authority found that the profile of cryptocurrency traders skews towards thrill-seeking, trading on gut “instinct.” Go to Source Powered by WPeMatico
Amid ban rumors, billionaire Nandan Nilekani says crypto can help Indians
Co-founder of major Indian tech company Infosys Nandan Nilekani has urged the government to help MSMEs access capital using Bitcoin. Go to Source Powered by WPeMatico
Bitcoin is now ‘too important to ignore’, Deutsche Bank says
Global banking giant Deutsche Bank expects governments to start regulating Bitcoin by the end of 2021. Go to Source Powered by WPeMatico