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Ethereum wallet MetaMask is seeking to attract institutional investors into the decentralized finance sector with the soon-to-be-launched institutional-grade version.The popular wallet, with more than 1 million monthly active users, introduced token swaps in October this year, and is now looking to expand even further. Developers ConsenSys identified that DeFi protocols
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Patrick Sells is going from banking cryptocurrency businesses shunned by most financial institutions to pitching crypto-related services to banks that may suddenly be warming to the sector.Sells, the former chief innovation officer of New York-based Quontic Bank, is joining New York Digital Investments Group (NYDIG) as its head of bank
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The demand for the Grayscale Bitcoin Trust (GBTC) continues to rise with its premium surpassing 30% on Dec. 3. This indicates that Bitcoin (BTC) is seeing increasing institutional demand as its price consolidates above $19,000.The Grayscale Bitcoin Trust is an institutional vehicle that is tradable in the United States through
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Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled "Financial Services Industry Outlooks 2020."Preliminary results shared with Cryptox indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14%
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In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders. Source
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There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush of institutions pouring into the Bitcoin mining space and starting
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While the economy has been on thin ice, no asset has benefitted more from the post-pandemic “new normal”
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Institutions hold record bullish beets in CME Bitcoin futures as the cryptocurrency shows resilience to negative news. Source
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The bitcoin-gold correlation has hit record levels, according to data from The Daily Shot, CoinMetrics, and skew.The correlation is being driven by economic and stock market turbulence, with institutional investors increasingly treating bitcoin as a haven hedge against inflation.Correspondence between gold and bitcoin prices will last for as long as
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The firms will leverage privacy enhancing zero-knowledge proof technology to enable institutional trading firms to cross margin and bilaterally trade derivatives from a single pool of collateral. Source
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