Crypto VC and tech company Pluto has continued to hit new milestones despite being a newcomer in the industry. The latest win is a successful fundraising round, which brings the company’s total asset under management to over $50 million. The company has been actively channeling funds to new tokens
Twitter CEO Jack Dorsey has revealed that all the proceeds from his NFT sale will be given to charity. He made the disclosure on Twitter on Tuesday. Ending this March 21st Will immediately convert proceeds to #Bitcoin And send to @GiveDirectly Africa Response — jack (@jack) March 9, 2021 On March
Since the advent of Bitcoin in 2009, the blockchain industry has evolved significantly. This relatively nascent sector is witnessing an influx of institutional investors who firmly believe that blockchain tech will disrupt several industries. Amid the remarkable progress and rising popularity, one of the major drawbacks is the complexity of
Following a growing demand for Bitcoin products from Asian investors, Malaysia-based BGBF-I has revealed the launch of its Bitcoin Fund to accredited investors. The BCMG Genesis Bitcoin Fund-I touts itself as the first insured institutional crypto product to launch in the Southeast Asian region. According to the announcement, the Bitcoin
Gold bug Peter Schiff may have found another disciple in Tim Bond. Bond, who is the partner and portfolio manager at Odey Asset Management said that Bitcoin offered little to no benefit to society. Instead, it is an extreme form of Libertarian anarchism. Bond’s statements come amid rising institutional
Over the weekend, the U.S. Senate approved President Joe Biden’s $1.9 trillion COVID-19 stimulus package. Experts speculate that the latest round of checks could send Bitcoin to new highs. The bill is one of the largest interventions by the American government into its economy since World War
According to Litecoin’s creator Charlie Lee, most NFTs are not as valuable as most people assume. Lee expressed his opinions on non-fungible tokens, aka NFTs, in a series of tweets last week. An NFT is a digital certificate to a collectable that can be easily, cheaply, and perfectly duplicated.
News
The U.S. General Services Administration (GSA) has announced that it will be auctioning 0.7501 Bitcoin worth around $38,000 at the current market price. Although it is not unusual for the GSA to sell surplus federal equipment to the general public through auction, it is strange that there
Barely a month after approving two Bitcoin ETFs, Canadian regulators have approved a third, set to launch tomorrow. The Bitcoin product is being launched by CI Global Asset Management and is expected to go live tomorrow, March 9. It will trade on the Toronto Stock Exchange under the symbol BTCX.
A 180-year-old Norwegian company, Aker ASA, is getting ready to invest in Bitcoin and blockchain tech. The oil giant disclosed to shareholders on Monday that it was creating a unit dedicated to investing in Bitcoin. According to Chairman Kjell Inge Rokke, the unit has been named Seetee AS and is
Prominent Bloomberg expert Mike McGlone has shared data suggesting that investors are rapidly choosing to purchase Bitcoin over gold. McGlone disclosed on Twitter that Bitcoin is becoming the preferred store of value. According to him, while the yellow metal will remain an excellent choice for jewelry and coin collections, Bitcoin
Data from blockchain analytics firm Glassnode reveals that the number of Bitcoin on centralized exchanges has crashed by roughly 20% in the past 12 months. This is an indication that investors are actively accumulating the leading cryptocurrency and stashing it in cold storage. #Bitcoin Balance on Exchanges taking another dive
Blockchain analytics firm Glassnode has shared research about the selling behavior of new Bitcoin buyers. According to the report, Bitcoin buyers in 2021 did not panic sell during the correction. It is not usual for crypto traders to try to panic sell to cut their losses. However, the morale of
Following the move to ban private cryptocurrencies by the Indian Parliament, officials have revealed that the government might shift grounds from an outright ban to experimentation. Finance Minister Nirmala Sitharaman mentioned that the Indian government engaged the Reserve Bank of India in discussions on reaching an agreed position on cryptocurrencies.
A publicly-listed Chinese company, Meitu, has opted to add Bitcoin and Ethereum to its balance sheet. The firm announced today (March 7) that it had bought Bitcoin and Ether worth $40 million. Specifically, the Siming District-headquartered tech company bought 380 BTC and 15,000 ETH at $47,105 and $1,
News
Michael Saylor, CEO of MicroStrategy, has relentlessly promoted Bitcoin at every opportunity. The boss of the Nasdaq-listed business intelligence firm is not just an active Bitcoin evangelist. He has also continued to put his money where his mouth is. Purchase Timeline Under the leadership of Saylor, MicroStrategy has acquired a