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“# Millennials will boost Bitcoin adoption for years to come: BlockFi CEO ” Millennials, a generation beleaguered by student debt, low pay and a lack of savings, can rewrite their financial narratives using Bitcoin (BTC) and cryptocurrency according to a panel discussion at this year’s BlockShow summit in Singapore. That was the key takeaway from…
“# New institutional player — MassMutual purchases $100M Bitcoin ” Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account. According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 —…
“# Bitcoin will gain from distrust in traditional finance, says bank strategist ” Bitcoin (BTC) poses a significant threat to the world’s reserve currency, the United States dollar, according to a strategist at major American investment bank Morgan Stanley. Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, believes that the dollar’s reign is…
“# Game recognize game: Institutions make it easier to invest in Bitcoin ” With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all over the world are now becoming…
“# European Commission taking bids for blockchain pre-commercial procurement ” The European Commission is inviting tenders for the European Union blockchain pre-commercial procurement, or PCP. In general, a PCP is a public sector purchase of research and development services to adapt new or emerging technology to its needs. This PCP will focus on developing a…
“# Standard Chartered to launch institutional-grade crypto custody in 2021 ” Standard Chartered, one of the biggest banks in the United Kingdom, has officially announced plans to provide institutional custody for major cryptocurrencies like Bitcoin (BTC). According to a Dec. 9 announcement, Standard Chartered’s innovation arm SC Ventures has partnered with United States-based investment management…
“# Blockchain tech 13X ‘too expensive’ to justify use: DocuSign CEO ” Daniel Springer, the chief executive officers at electronic signature technology company DocuSign, says the firm isn’t likely to incorporate additional blockchain technology anytime soon as current infrastructure is far cheaper. In a Quartz report published yesterday, Springer said the San Francisco-based DocuSign’s 2018…
“# US gov is Bitcoin’s last remaining adversary, says Messari founder ” Ryan Selkis, co-founder of data and research company Messari, recently released his 2021 crypto sector thesis, examining the state of the industry as well as forecasting what lies ahead. Selkis explains in this report that the U.S. government is one remaining adversary he…
“# Citi downgrades MicroStrategy stock after bold Bitcoin bet ” Shares of MicroStrategy fell on Tuesday after Citibank reportedly downgraded the business intelligence firm over its “disproportionate” Bitcoin focus. Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says…
“# ‘We should do whatever we can’ to legalize Bitcoin, says libertarian Ron Paul ” Former presidential candidate and congressman Ron Paul has been more outspoken about government oversight concerning Bitcoin and other cryptocurrencies in the last week, calling on people to “be vigilant.” In an episode of the Stephan Livera podcast released on Sunday,…