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“# Billionaire Ray Dalio likes Bitcoin but would choose gold every time ” Hedge fund manager Ray Dalio says he’s still bullish on Bitcoin (BTC) but has a greater penchant for gold. Speaking to CNBC on Wednesday, the billionaire investor admitted to owning a “very small amount” of Bitcoin but said that he would choose gold…
“# New study reveals high demand for payments in cryptocurrency ” Payments in cryptocurrencies like Bitcoin (BTC) make up one of the biggest use case demands among consumers alongside long-term investment, according to new data. Pymnts, a major payments-focused publication, released Monday a report on consumer preferences regarding cryptocurrency payments. Dubbed “Cryptocurrency Payments Playbook: Cryptocurrencies…
“# There’s no reason not to hold Bitcoin for 100 years, Michael Saylor says ” Michael Saylor, the CEO of business intelligence firm Microstrategy, has staunchly defended the company’s bullish, long-term Bitcoin (BTC) position based on its unique potential to evolve into “the future of the property.” In an interview with Bloomberg TV, Saylor argued…
“# Former Bitmain CEO Jihan Wu raises fresh capital for new crypto unicorn ” Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation. With the participation of large venture…
“# German law allowing institutional funds to hold crypto comes into effect Aug. 2 ” Beginning on August 2, 2021, German institutional funds will be able to hold up to 20% of their assets in cryptocurrencies, possibly setting the stage for wider mainstream acceptance of Bitcoin (BTC) and other crypto assets by the nation’s pension…
“# Coinbase Ventures backs Ethereum-based streaming network ” This year has been foundational for the success of projects running on the Ethereum blockchain. Sharing the limelight is Livepeer, an Ethereum-based video streaming network that announced raising $20 million in a Series B funding. Led by Digital Currency Group, the funding for Livepeer saw participation from…
“# Large VCs are sidelining smaller crypto investors, PwC crypto lead says ” As cryptocurrency continues to take over mainstream finance, formerly cautious investors across the globe are rethinking their stance of counting crypto as a bad investment. This change of heart leads to a higher market valuation of crypto businesses due to increased funding from…
“# State Street to launch crypto services for private funds clients ” Major American financial services and bank holding company State Street Corporation is expanding its push into the cryptocurrency industry by launching new digital asset services. State Street, the second-oldest operating bank in the United States, announced Thursday that it would provide digital and…
“# COIN price fails to impress as more crypto firms are eager to go public ” 2021 has been a rollercoaster year for the crypto industry, with Bitcoin (BTC) scaling up to an all-time high of $65,000 earlier this year in April, only to dip down to the sub $30,000 zone just months later. However,…
“# Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors ” The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies…