The publicly traded companies added Bitcoin. The institutional adoption of crypto is on the rise. 6% of Bitcoin’s market cap this held by ETPs and trusts. The publicly traded companies added Bitcoin to their treasuries in the first four months of 2021. Nearly 1% of the crypto belongings or over
A survey conducted by Intertrust, a fund administrator company of 100 CFOs of world’s leading hedge funds suggests that in the future 7% of the money would be invested by all hedge funds in crypto. This would mean that the almost $320 billion worth of cryptocurrencies will be held by
Reddit, American social news exceeds the subscribers to 3 million and ranks 113th subreddit globally. The surpass of subscribers increased the popularity of Bitcoin among global users. Besides, Finblod reveals data saying, “The bitcoin subreddit has attained 3.05 million subscribers to rank as the 113th subreddit globally as of June
Traders are using different strategies to price the value of Bitcoin. Crypto expert Davis says that $60,000 is not the final all-time high for BTC. Bitcoin touched the $40,000 level but did not last long. Traders are implementing different strategies to evaluate whether Bitcoin’s price has begun to fall or
Input Output Global announced, Cardano can handle up to 2 Million TPS. Ouroboros Hydra serves as the second layer for Cardano Network. Hydra is Cardano’s Scalability Solution. Cardano network is a decentralized blockchain platform that brings new standards in technology through globally distributed innovations. As the world is encouraging blockchain
Bank of Japan governor, Haruhiko Kuroda criticizes Bitcoin. Luis de Guindos conveyed a negative opinion about Bitcoin. Andrew Bailey warned the crypto investors. Bank of Japan (BOJ) governor, Haruhiko Kuroda criticized Bitcoin and joined in the roll call of central bankers taking focus at Bitcoin (BTC) among the current volatility.
Novogratz gives two reasons for Dogecoin’s growth. He adds that no coins can be as successful as Bitcoin. Many banks are building an asset channel for crypto. Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., recently discussed the capability of cryptocurrencies, such as Dogecoin, and their process of converting the
Pintu, a licensed Indonesian crypto-exchange, revealed an announcement on receiving $6M fund from Coinbase supporting crypto users and industry, on Tuesday. Series A Funding Mission in Indonesia Coinbase launched a new mission called “Coinbase Ventures”. A mission that supports investing in small crypto exchanges and blockchain startups. It completed a
TechX is in the process of obtaining a fiat-to-crypto gateway. Per day Mobilum processes up to $250,000 CAD TechX is paying $16 million CAD, for acquiring Mobilum. A publicly-traded company out of Vancouver, Canada, is TechX Technologies Inc. TechX is in the process of obtaining a fiat-to-crypto gateway. Although, buying
The major IT company Globant reveals its purchase of $500,000 worth Bitcoin during the first quarter of 2021. An official announcement was released today morning. Globant, an IT and software development firm, becomes the latest institutional investor of Bitcoin. The purchase of the crypto asset is worth $500K BTC in
