BlockFi, a provider of crypto financial services, has launched an over-the-counter (OTC) trading desk for institutional investors.Read more
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, 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.
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.
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.
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.Read more
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.
According to the Chief Market Strategist at Barclays Private Bank, Gerald Moser, investors should keep Bitcoin out of their portfolio.Read more
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.Read more
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.