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In a blog post today, decentralized finance (DeFi) protocol Badger DAO announced a forthcoming integration with Fireblocks, a digital asset storage, management, and DeFi on-ramp for institutional investors. “We’re excited to announce a strategic partnership between Fireblocks and BadgerDAO to enable their 200+ institutional clients to securely hold Badger assets on
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JPMorgan highlighted that Bitcoin is becoming more appealing to institutional investors who are seeking low-correlation assets to diversify their investment portfolios. JPMorgan Chase & Co (NYSE: JPM) in a note to clients on Thursday noted that a recent decline in Bitcoin (BTC) volatility could boost its adoption by institutional investors. A
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Avanti Financial Group seeks to become the second crypto company after Kraken Financial to acquire a full banking charter in the United States.Avanti Financial Group, a digital asset bank, announced on Thursday that it has completed its Series A funding round with $37 million, bringing its total raised capital since
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The Avanti Financial Group has announced that it has raised $37 million in a Series A round, bringing the company closer to launch as a digital asset bank.In a March 25 announcement, Avanti stated that it will use the proceeds to fund the required regulatory capital needed for launch, in
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According to digital asset investment manager, CoinShares, institutional demand in the U.S. has declined slightly however European funds are still buying.According to Coinshares’ March 22 Fund Flows Weekly report, combined flows into institutional crypto products totaled $99 million for the week ending March 20.The data indicates a significant decline in
Read MoreMichael Saylor’s advocacy for BTC has received much recognition today and his commitment to Bitcoin entails a long-term HODLing strategy.Michael Saylor, the Chief Executive Officer (CEO) of business intelligence and software firm MicroStrategy Incorporated (NASDAQ: MSTR) has shared a number of bullish comments about Bitcoin (BTC), the world’s first and
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Bitcoin has reached a new all-time high of $60,310 this Saturday, finally breaking out of its consolidation zone between levels of $56k-$58k.The recent increase in price came shortly after Michael Saylor, CEO of MicroStrategy Incorporated (NASDAQ: MSTR), announced his company bought 262 additional Bitcoins – approximately $15 million.Institutional Demand for Bitcoin
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The last few months’ frenzy of institutional money flowing into Bitcoin (BTC) has seen crypto hitting the headlines — at the least as a novelty asset, at the most as a must-have. There is undoubtedly a trend in the market toward greater awareness and acceptance of digital assets as a
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In a report shared with Cryptox, institutional crypto trading platform CrossTower asserts that large investors will not let Bitcoin (BTC) fall back below $50,000.According to the report, addresses holding over 1,000 BTC rose to record highs in January on the heels of sizable retracements — evidencing strong dip-buying from whales despite the
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FAANG stocks are expected to continue with the 2020 rally as their demand prevails on the ground.The third stimulus package is in its final stages to be approved by the United States Congress. Most of the FAANG stocks have been trapped in a consolidation level, as investors and analysts analyze
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