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“# Late on crypto? Institutions still at early stage of Bitcoin adoption ” Institutional investors are seen to be rushing toward Bitcoin (BTC) at high speed, with more companies emerging that look to adopt Bitcoin as a way to store their reserves. Recently, Marathon Patent Group, a Nevada-based Bitcoin mining company, has bought $150 million…
“# MicroStrategy will pitch Bitcoin to 1,400 public companies: How will BTC price react? ” MicroStrategy, a $6.37-billion business intelligence conglomerate in the United States, will meet with public companies on Thursday to discuss Bitcoin (BTC). Michael Saylor, CEO of MicroStrategy, said that professionals from over 1,400 firms are joining the event. “If you are…
“#Redditor behind GameStop rally says he lost $13M in one day” “DeepF—ingValue” went deep in the red. The Reddit user who helped spark the explosive rally in GameStop’s stock price said he lost more than $13 million in a single day as the shares crashed. Keith Gill — the Massachusetts man better known as DeepF—ing…
“# Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company ” South Korean conglomerate Hanwha Group is reportedly acquiring a stake in the parent company of major local cryptocurrency exchange Upbit. Hanwha Investment and Securities, the securities brokerage arm of Hanwha Group, has reached an agreement to buy a 6.15% stake in Upbit’…
“# Canadian investment firm Accelerate Financial files for Bitcoin ETF ” Another Canadian company has filed an application for a Bitcoin (BTC) exchange-traded fund, or ETF, amid a renewed interest in crypto ETFs from global financial firms. Accelerate Financial Technologies has filed and obtained a receipt for a preliminary prospectus with Canadian securities regulators for…
“# Square’s Cash App briefly halts buying AMC and Nokia stock ” Cash App, the Bitcoin-friendly mobile payments app from U.S. financial services firm Square, restricted buys of some of the stocks connected to the Wall Street shorts for more than four hours today. According to an announcement from Cash App, its clearing broker, Axos,…
“# Crypto industry must keep scammers from stealing another $16 billion ” Unsuspecting investors have lost $16 billion by buying into crypto projects they thought would be the next best thing. And that money is nearly impossible to recover. As the crypto industry established itself as a disruptor of currency and technology and as Bitcoin…
“# Mark Cuban talks Bitcoin HODLers and blockchain stocks in recent AMA ” Jumping on the r/Wallstreetbets subreddit for an Ask Me Anything session recently, Dallas Mavericks owner Mark Cuban shared his thoughts on GameStop shorts, general investing, and various crypto-related topics. The billionaire said “the game is changing” when it comes to stocks, but…
“# Corporate buy-ins could take Bitcoin price over $500K — report ” Bitcoin (BTC) could fetch at least a $535,000 price tag if corporate buyers convert 10% of their cash reserves to the largest cryptocurrency. In one of the various conclusions from its latest report, “Bitcoin: Preparing for Institutions,” investment firm ARK Invest said that…
“# Winklevoss’ Gemini crypto exchange launches ‘Earn’ offering ” Gemini cryptocurrency exchange has launched an interest-earning program for customers in the United States. Dubbed Gemini Earn, the program lets customers earn up to 7.4% annual interest on all cryptocurrencies supported by Gemini, the firm announced Tuesday. The platform supports 26 cryptos like Bitcoin (BTC), Ether…