Fidelity President Says A HUGE 70% OF INSTITUTIONAL INVESTORS Look to BUY CRYPTO

The cryptocurrency sector is currently being engaged in numerous debates about its institutional acceptance and investment. Many historical firsts for digital currencies like Coinbase’s (COIN) direct listing in April are positive indications that digital currencies are becoming more popular. Two…

Coinbase Buys $500 MIL OF BITCOIN, ETHEREUM, AND DEFI to their Coffers in HUGE INSTITUTIONAL MOVE

Coinbase, the leading US trade organization, has announced intentions to add a half billion dollars of cryptographic value to its financial sheet. Coinbase CEO Brian Armstrong stated that in a tweet that the Coinbase board authorized the crypto frenzy and…

FTX Raises a RIDICULOUS $900 Million from Over 60 Investors

FTX, a cryptocurrency derivatives exchange headquartered in Antigua, completed a record $900 million financing that valuates the company at $18 billion. Due to the increase in the company’s net worth, it is expected that its billionaire founder and CEO, Sam…

Mike Novogratz has 50 percent of net worth in crypto, supports up to 5 percent for investors

Mike Novogratz, a billionaire businessman, stated on Tuesday (December 8) why he thinks that institutional participation in Bitcoin can only grow and how much crypto exposure potential entrants should have. Former hedge fund manager Novogratz is the founder and CEO…

Blackrock Invests a GIANT $384 MILLION of BITCOIN Into Mining Companies

One of the most prominent financial organizations in the world – BlackRock – has made significant investments in cryptocurrency mining businesses worth $384 million through its ETFs. In a document filed to the Securities Exchange Commission (SEC) on July 20,…

HUGE Investing App Wealthfront to Offer Bitcoin, Ethereum through Grayscale’s Offerings

Wealthfront customers, an automated investing service, may now get exposure to cryptocurrency by incorporating two cryptocurrency trusts into the financial options of a robo-advisor. The company headquartered in Palo Alto, Calif. has extended its investment vehicle lineup into the Grayscale…

GAMECHANGING FOR RETAIL? Robinhood Looks at Adding Lending, Staking

The Robinhood team conducted a roadshow ahead of its public offering on Thursday. The firm told shareholders that it has placed bets on cryptocurrency lending, staking, and mobile wallet services. CFO Jason Warnick said during the company’s roadshow on Thursday,…

Elon Musk and Jack Dorsey to Discuss Bitcoin at a July Conference

Elon Musk and Jack Dorsey have agreed to speak about bitcoin at an event dedicated to the digital currency. “The B Word” is the name of the event, which will take place on July 21. Musk’s recent comments have sent…

FTX Partners with Major League Baseball to Become MLB’s Crypto Exchange Brand

The MLB league has signed a five-year agreement with FTX to be the official crypto exchange brand. Starting July 13, all umpire jerseys will be adorned with an FTX logo patch. The agreement positions FTX as the baseball organization’s official…

El Salvador Becomes the First Nation to Legally Recognize Bitcoin as Cash

El Salvador is the first nation in the world to recognize bitcoin as legal money. The Bitcoin Law was passed by a supermajority of lawmakers in the Central American country’s Congress. The Bitcoin Law was passed by a “supermajority” of…