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Record $141M outflow from Bitcoin products signals institutions are bearish on BTC: CoinShares
8.6.2021
Institutional investors withdrew a record $141 million from Bitcoin investment products this past week
Digital bank Anchorage offers Ethereum-backed loans to institutions
4.6.2021
Institutional investors can get USD on credit without liquidating their ETH
For the long haul? When Bitcoin nosedived, institutions held fast
28.5.2021
Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.”
Zimbabwe’s Biggest Bank Looks at Methods to ‘Leverage Cryptocurrencies’
26.5.2021
One of Zimbabwe’s biggest financial institutions, CBZ Holdings says it is looking at ways it could “leverage cryptocurrencies and other emerging digital innovations.” According to the financial institution’s chairperson, Marc Holtzman, CBZ “is open-minded about...
Goldman Sachs Says FOMO Is Driving Institutional Investors to Bitcoin
26.5.2021
Investment bank Goldman Sachs says institutional investors and asset managers are driven to bitcoin by “fear of missing out” (FOMO). Goldman now considers bitcoin a new asset class. Nonetheless, institutional investors are facing several strong barriers to entry into the crypto market....
Bank of Korea Seeking Technology to Develop Digital Currency
25.5.2021
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic...
$8.6B IT firm Globant revealed as Bitcoin’s latest institutional buyer
25.5.2021
The technology solutions firm revealed it purchased $500,000 worth of BTC during the first quarter of 2021
US FDIC seeks insight on banks’ role in cryptocurrency markets
18.5.2021
The FDIC issued a request for public input to get more information on the industry and consumers’ interests in the market
Institutions dump BTC as volume soars for Ether funds
18.5.2021
Institutional investors appear to have offloaded nearly $100 million worth of Bitcoin exposure this past week while Ether investment product volumes surged
Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs
18.5.2021
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector...
Bitcoin slips below $46K as correction deepens; institutions keep accumulating
16.5.2021
After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market
Bank of Korea to Monitor Crypto Transactions Using Financial Records
15.5.2021
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk...
Investment Bank Cowen to Help Institutions Seamlessly Put Cryptocurrencies in Their Portfolios
14.5.2021
Investment bank Cowan, founded in 1918, is launching a cryptocurrency service in partnership with Standard Custody & Trust Co. to help institutional clients “seamlessly secure, access and leverage cryptocurrencies and digital assets in their portfolios.” Cowan’s CEO said:...
DeFi lending platform Aave reveals “private pool” for institutions
12.5.2021
Designed for institutional investors, the lending pool will feature KYC and AML restrictions
Dogecoin price dumps, but whodunnit? Whales, institutions or retail traders?
11.5.2021
Although Dogecoin’s futures volume tripled, the recent 42% price dump appears to be entirely retail-driven
Fintechs Invited to Work on Georgia’s Central Bank Digital Currency
7.5.2021
National Bank of Georgia (NBG) has issued a call for companies in the fintech sector, financial institutions and technology firms to support its efforts to create a digital currency. Georgia’s central bank wants to employ new technologies to raise the efficiency of the country’s payment...
Largest Latin American eCommerce platform adds $7.8M Bitcoin to its treasury
6.5.2021
The purchase makes the eCommerce platform the 36th publicly traded company to add Bitcoin to its balance sheet
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
3.5.2021
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection...
Bitmain Cofounder Jihan Wu Says ‘Crypto Industry May Surpass the Internet’
1.5.2021
During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make...
Shark Tank’s Kevin O’Leary Says ‘Bitcoin Will Always Be the Gold,’ Citing Interest From ‘All Kinds of Institutions’
1.5.2021
Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, says “Bitcoin will always be the gold,” outperforming other cryptocurrencies, such as ethereum, in the long run. He said “there are interests being brought out of all kinds of institutions” for bitcoin. Kevin...