Institutional investments in cryptocurrency increased last week, with investors raising their exposure to Bitcoin and leading altcoins, according to a Cointelegraph article. The total amount of crypto held by institutional managers reached a record of $72.3 billion, as compared to…
The first Bitcoin Futures Exchange Traded Fund (ETF) in the US began trading this week, marking a momentous step forward in the development of the US crypto industry. The ProShares Bitcoin Strategy ETF gives investors exposure to Bitcoin futures contracts,…
The cryptocurrency exchange platform Coinbase has announced plans to launch Coinbase NFT – a marketplace that lets users mint, collect and trade NFTs. NFTs, or Non-Fungible Tokens, are unique digital assets that are verified and stored using blockchain technology. They…
On October 5th, the Total Value Locked (TVL) across Decentralized Finance (DeFi) platforms surpassed the $200 Billion mark for the first time and has remained above that threshold for the last two weeks. That marks a surge of almost 855%…
The US has overtaken China as the top destination for Bitcoin mining; 12 months ago, China was the clear leader in terms of Bitcoin hash rate – a term used to describe the computational power used in Bitcoin mining –…
Miami mayor Francis Suarez has plans to turn the Florida city into a new crypto hub; the mayor told Bloomberg on Tuesday that crypto initiatives are “a major priority for me because I want us to differentiate ourselves as a…
JPMorgan shared a note with its clients last Thursday, reporting that Bitcoin is looking more and more promising as a hedge against inflation, specifically in comparison with gold, according to a Fortune article. Despite its highly volatile nature, larger numbers…
Crypto companies raised a record-breaking amount of venture funding in Q3 of 2021. More specifically, they raised a total of $6.5 billion in venture funding, spread across 339 rounds, according to a recent Decrypt article. This is the third consecutive record this year,…
U.S. Bank, America’s fifth largest retail bank, has launched a Crypto custody service for its institutional investors. The move comes on the back of rising institutional demand and further signals the increasing acceptance of cryptocurrencies as a legitimate asset class…
Bank of America published its first research report focused on cryptocurrency and other digital assets last week. The report, titled “Digital Assets Primer: Only the first inning”, provides an investment framework for the digital asset landscape, covering a range of…