BlockFi Adds Bitcoin Trading Desk for Big Investors – Decrypt
BlockFi, a provider of crypto financial services, has launched an over-the-counter (OTC) trading desk for institutional investors.
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Skybridge COO Reveals Bitcoin Fund Grew to $370 Million – Decrypt
In brief
Skybridge Capital COO Brett Messing said the company’s Bitcoin Fund grew to $370 million.
Messing also said the emergence of a Bitcoin ETF could put the company’s Bitcoin Fund out of business.
Bitcoin’s Down 22% From All-Time High as Price Dips – Decrypt
Bitcoin, the world’s largest cryptocurrency by market cap, has lost over 22% of its value since setting an all-time high of over $41,900 in December last year.
The asset currently trades at $32,700 after a sell-off in the wee hours this morning.
Bitcoin Needs More Liquidity to See Greater Institutional Adoption – Decrypt
In brief
Proper institutional adoption of cryptocurrencies hinges upon four key barriers.
Insufficient market capitalization was identified as the major barrier.
Despite all the challenges, institutional investors are still getting involved.
Bitcoin.org Refuses to Remove Whitepaper Despite Legal Demands – Decrypt
In brief
Craig Wright’s lawyers have accused websites bitcoin.org and bitcoincore.org of copyright infringement.
The self-proclaimed Bitcoin creator claims that he owns both the Bitcoin whitepaper and the domain name bitcoin.org, their letter argued.
Bitcoin.
Going long: 270K Bitcoin moved into storage in a month
Despite surging prices, Bitcoin investors are rapidly locking up their BTC for the long-term, with 270,000 BTC being taken out of liquid supply in the last 30 days.
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‘Pump It Up’ Rapper Joe Budden Pumps Bitcoin With Pomp – Decrypt
In brief
Anthony Pompliano is perhaps best known for his Bitcoin evangelism on Twitter.
Joe Budden’s claim to fame is the 2003 hit single “Pump It Up.” And a relatively new podcast called Everyday Struggle.
The pair met today to talk Bitcoin.
Bitcoin ‘Almost Uninvestable,’ Says Barclays Private Bank – Decrypt
According to the Chief Market Strategist at Barclays Private Bank, Gerald Moser, investors should keep Bitcoin out of their portfolio.
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BlackRock May Start Trading Bitcoin Futures in its Funds – Decrypt
Asset management giant BlackRock submitted documents to the SEC today outlining its potential move into Bitcoin futures trading. The documents show that it will only be investing in cash-settled Bitcoin futures on exchanges registered with the CFTC.
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Bitcoin, Ethereum Prices Drop 8% as Crypto Bulls Retreat for Now – Decrypt
The crypto market bears are back today, as Bitcoin and Ethereum—the market’s leading coins—are both experiencing significant losses.
Bitcoin today shed nearly $2,000 from its price, dropping as low as $33,500, in a matter of hours.