Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are …
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Grayscale Looks At Altcoins Amid Rising Competition For Bitcoin Investments
As Bitcoin (BTC) exchange-traded funds (ETFs) are gaining traction in Canada, new competitors for Grayscale emerge, the company is increasingly eyeing altcoins. The major crypto asset management firm owned by Digital Currency Group (DCG) has confirmed …
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While Washington dithers, Wyoming & other states mine for crypto gold
The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too. On Feb. 21, …
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JPMorgan to advise clients to expose 1% of their portfolio to Bitcoin
In a recent note to clients, strategists from JPMorgan suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined …
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Biggest Bitcoin Fund Sinks to a Discount as Traders Flee
The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself. The $32 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged 20% this week, outpacing a 13% decline …
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Traditional Banks get serious about enabling crypto-related services
There has been an ongoing trend among traditional banks that are reportedly hunting for ways to offer digital currencies as services for their customers. The insider sources told media outlet The …
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Total estimated crypto users worldwide tops 100 million
Crypto exchange and debit card provider Crypto.com has published a new report estimating that the total number of crypto users globally rose from 66 million in May 2020 to 106 …
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Twitter CEO Jack Dorsey’s Square nets billions from Bitcoin sales
Square Inc, the payments giant run by Twitter Inc CEO Jack Dorsey, reported overnight that selling Bitcoin had managed to net the company around US$4.6bn in revenue in 2020. In an earnings report …
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Shares in Square plummet after company discloses bitcoin investment
Shares in Square Inc. plummeted in after-hours trading after the financial services provider disclosed in its quarterly earnings report that it had purchased bitcoin at a time the cryptocurrency is …
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Swedish regulators warn consumers against crypto amid falling markets
Sweden’s financial regulator, Finansinspektionen, or FI, has issued a fresh warning to retail traders about the high risks and low consumer protections associated with crypto-related investments. In an announcement published on …
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