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“# FTX’s Bankman-Fried remains cautious about nascent NFT space ” In an interview with CNBC’s Street Signs Asia released Tuesday, Sam Bankman-Fried expressed optimistic caution surrounding the pace of nonfungible tokens’ (NFT) growth over the last year, warning investors that they could become vulnerable to the volatile market dynamics if improperly educated in the space….
“# Canadian Bitcoin miner Blockstream joins crypto unicorns with $3.2B valuation ” Canada-based Bitcoin (BTC) infrastructure firm Blockstream, co-founded by cryptographer and cypherpunk Adam Back, has hit unicorn status with its latest valuation at $3.2 billion. The company, which focuses on various Bitcoin-related areas — including operating as a mining service provider and developing renewables-based infrastructure…
“# Institutions appear bullish on crypto despite record Bitcoin outflows ” At the start of 2021, the cryptocurrency industry was bursting with news of increased institutional investment, and this is still largely true. Despite reports suggesting increased outflows from institutional investors, net inflows are still very much positive. Additionally, though Bitcoin (BTC) appears to be…
“# Unicorns in crypto: A growing herd of billion-dollar crypto companies ” The second half of 2021 just started and there is already a rise in the number of unicorns emerging in the crypto world as years of resistance towards crypto from mainstream investors start to fade. Since the year began, more than 50 cryptocurrency…
“# Bitcoin’s race to $50K heats up as solid institutional backing continues ” The crypto market has been surging recently and there’s one cryptocurrency — Bitcoin (BTC) — leading the way. After having suffered through volatility for the better part of the last 60-some days, the flagship crypto has showcased a high level of recovery,…
“# Unstable Bitcoin price to pivot investment flow to gold, mining chief says ” Jake Klein, CEO of Australian gold mining establishment Evolution Mining, has said that crypto price volatility will make gold a far more attractive proposition. Speaking to CNBC on Thursday, Klein argued that Bitcoin (BTC) is still ways away from offering the…
“# Wells Fargo files for Bitcoin fund ” Wells Fargo – one of the oldest banks in the United States – has registered a new, pooled investment fund that offers its wealthy clients indirect exposure to Bitcoin (BTC). Fargo’s filing of a “Notice of Exempt Offering of Securities” — also known as a Form D…
“# American investors inclined to buy crypto with credit card, new study reveals ” As the crypto ecosystem continues to mature and go mainstream, a new study of Millennials has shown a change in investor sentiment and their spending habits. Surveying 1,000 American crypto investors, GamblersPick found that the average Millennial today holds a little…
“# $100M funding round for Binance.us falls through on regulatory concerns ” Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round. The failed funding round also prompted Binance.us CEO Brian Brooks’ surprise decision to step down after serving as its executive for just…
“#Kevin Durant’s Thirty Five Ventures inks deal with Weedmaps” Thirty Five Ventures, an investment firm and media company founded by NBA star Kevin Durant and his business manager Rich Kleiman, have inked a multiyear deal with Weedmaps in a bid to destigmatize the cannabis industry. Weedmaps, dubbed the “Yelp for pot,” is a public company…