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“# Institutional traders flock to Solana as demand for ETH and BTC flattens ” Institutional traders have flocked to Solana (SOL) as demand for Ether (ETH) and Bitcoin (BTC) exposure has flattened, with SOL investment products representing a whopping 86.6% of total weekly inflows crypto investment products last week. According to the Sept. 14 issue…
“# MicroStrategy doles out $240M on additional Bitcoin purchase ” Business intelligence outfit and corporate Bitcoin (BTC) whale MicroStrategy has increased its BTC ownership with the additional purchase announced on Monday. MicroStrategy CEO Michael Saylor announced the purchase of 5,050 BTC for about $242.9 million at an average of $48,099 per coin. In a Form…
“# Major UK hedge fund Brevan Howard launches crypto division ” Brevan Howard, a United Kingdom-based hedge fund, plans to “significantly expand” its cryptocurrency and digital assets, according to a new report from Reuters. Chief Executive Aron Landy, who has been at Brevan’s helm since its co-founder and long-time crypto backer Alan Howard stepped down in 2019,…
“# Bitcoin investors are reportedly exempt from taxes in El Salvador ” The government of El Salvador will reportedly exempt investors from paying a capital gains tax and an income tax on Bitcoin (BTC), according to a presidential legal counsel. Javier Argueta, a legal adviser to President Nayib Bukele, is looking to encourage foreign investment…
“# Across the seven seas: Retail, institutional investors keen on Bitcoin ” Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal…
“# Blockchain-based platform for fractional property ownership launches in India ” A fintech firm from Pune, India has launched a blockchain-based registry system named RealX that allows Indian citizens to purchase fractional ownership in properties. A report from The Economic Times states that RealX has partnered with Tripvillas, a holiday home rental service, to blend…
“# Insiders sold Microstrategy stock after Bitcoin’s bull run ” Virginia-based enterprise software company Microstrategy has captured the attention of crypto and financial news outlets alike with its CEO’s atypical strategy of going all-in on Bitcoin, beginning in 2020, with some reporters quipping that the company has since morphed into something closer to a Bitcoin…
“# Blockstream and Macquarie Group launch Bitcoin mining pilot program ” Blockchain infrastructure developer Blockstream has partnered with Macquarie Group, an Australian multinational investment bank, to launch a new pilot for a Bitcoin (BTC) mining facility with a mandate to explore carbon-neutral alternatives. As part of the pilot project, Macquarie Group is investing in one…
“# Despite Bitcoin price crash, BTC is the internet of value transfer: Novogratz ” The crypto market is back to major price swings followed by a Bitcoin (BTC) price crash on Tuesday, the day the largest cryptocurrency became legal tender in El Salvador. But it was not unexpected for many crypto veterans, including Galaxy Digital…
“# One in four US teens would buy crypto if given money to invest, survey finds ” Researchers have attempted to probe North American teens’ perceptions of the stock market, cryptocurrencies and other investments in the high-octane GameStop era. The results showed that cryptocurrencies edged ahead of some other asset classes such as real estate,…