Cryptocurrency Analysis and News Portal
Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public.Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative.Bakkt’s app was
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Per a Cryptox report and a regulatory filing with the Securities and Exchange Commission (SEC), investment firm BlackRock has begun trading in Bitcoin futures. BlackRock has reportedly allocated a small part of its portfolio in BTC on the Chicago Mercantile Exchange financial derivatives platform. With $8.6 trillion in assets under management
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HARD Protocol Version 2 introduces significant changes and enhancements to the HARD cross-chain money market. Catering to the needs of institutional players will take DeFi to the next level of mainstream adoption. HARD Protocol is a decentralized money market built on the Kava platform and enables lending and borrowing of cross-chain
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According to research by strategists at leading U.S investment bank, JPMorgan Chase, retail traders are flocking to buy Bitcoin from mainstream fintech firms.JPMorgan’s data suggests that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square. Retail investors are even out-buying institutions, with JPMorgan’s analysts estimating
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In brief:According to Tyler Winklevoss, there is a lot of institutional money coming into BitcoinMost of it is still sitting on the sidelinesBitcoin’s price growth is ‘in the second pitch of the first inning’Accumulation of Bitcoin is ongoing with exchange balances dropping by 20% since last MarchBitcoin testing $60k is
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After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed.Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales
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Purpose Investments CEO Som Seif, speaking on CryptoX TV, said there have been measurable improvements made to the infrastructure supporting the crypto economy. In fact, he thinks it would have been a mistake three years ago if regulators had approved a bitcoin exchange-traded fund when his firm first floated an
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Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects.The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for
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News that Goldman Sachs, JPMorgan and Citi are considering entering the crypto custody market likely surprised many who haven’t followed the blockchain tech or digital asset moves of major U.S. financial institutions over the last half-decade. However, analysis based on publicly available blockchain initiatives data clearly shows that many institutions
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BTC is back within striking distance of its all-time high set early last month. Source
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