A division of Chicago’s First Midwest Bank increased its Bitcoin exposure last month, a filing with the US Securities and Exchange Commission shows. First Midwest is not alone in investing in Bitcoin via …
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Cardano is Now Grayscale’s Third-Largest Holding
Grayscale, the world’s leading digital asset management fund, revealed that it had rebalanced its portfolio in a way where Cardano’s ADA is now the company’s third-largest holding. Edward McGee, Vice …
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JPMorgan says Ethereum upgrades could jumpstart $40B staking industry
Two senior analysts at JPMorgan argued in their report that blockchains running more energy-efficient networks are getting more popular, ans as a result staking will gain more traction. Staking is …
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Germany officially opens for Bitcoin investing
As much as €350 billion can start entering the crypto market this week, after a law passed earlier this year comes into force in Germany. The new Fund Location Act …
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Soros Fund Management is reportedly trading Bitcoin
Soros Fund Management, the private investment firm of billionaire George Soros, is reportedly trading Bitcoin (BTC) as part of an exploration of digital assets, according to TheStreet. People familiar with …
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Morgan Stanley Has Indirectly Invested In Bitcoin
American investment banking company, Morgan Stanley, has bought 28,289 shares of Grayscale Bitcoin Trust (GBTC) according to US Securities Exchange Commission (SEC) filings. Morgan Stanley currently manages over $2.3 trillion …
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Insurance broker Aon is dipping a toe in decentralized finance (DeFi)
Announced Wednesday, the world’s second-largest insurance intermediary has embarked on a pilot with Nayms, an insurtech platform that allows cryptocurrency holders to provide decentralized insurance cover against losses due to …
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PayPal to Purchase Curv Crypto Custody Firm
PayPal is reportedly buying the Curv cryptocurrency custody firm, with price estimates ranging between $200 to $500 million. The Curv acquisition is the latest in a series of moves indicating PayPal’s interest …
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Grayscale Invests in 35 Million XLM, Institutional Interest in Stellar is Growing
Grayscale has been among the top institutions that have adopted cryptocurrencies over the past year to diversify their portfolio. In the last 30 days, Grayscale Investments hedge fund has acquired 35,855,625 …
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Citi: Bitcoin at ‘Tipping Point’ as Institutions Come on Board
Bitcoin is at the “tipping point of its existence” thanks to large institutional investment and growing regulatory groundwork, according to a new report by Citi obtained by CoinDesk. While the …
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