He says “The path forward from here is north.” Legendary investor Paul Tudor Jones has likened Bitcoin (BTC) to precious metals, and other cryptocurrencies to industrial metals, in terms of use case — a clear indicator of where he thinks the market is headed over the next 20 years. In a Thursday interview with Yahoo […]
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Bitcoin is becoming an increasingly “institutional asset,” according to NYDIG’s CEO. New York Digital Investment Group has raised $150 million through two separate cryptocurrency investment funds, according to documents filed with the United States Securities and Exchange Commission on Nov. 24 and Dec. 1. The NYDIG Digital Assets Fund I raised $50 million, with the […]
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The premier crypto charity event kicks off today. Here’s how you can participate. Bitcoin Tuesday, a crypto-based charity event hosted by The Giving Block, is looking to raise at least $1 million in donations today and over the rest of the month of December. The fundraising target makes Bitcoin Tuesday one of the largest crypto-based […]
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Making digital cash work efficiently for public stimulus payments doesn’t require a detour through blockchain technology, in the view of U.S. progressives. American progressives, particularly the high-profile group of Congresswomen known as “the Squad,” have been highly vocal on questions of economic equity, the corrosive social impact of Big Tech and the need to reimagine […]
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The monster raise might be an indication that Pantera’s ambitions are inflating in lock-step with Bitcoin’s rising price. In a filing with the SEC yesterday, Bitcoin hedge fund giant Pantera Capital announced an equity offering of up to $134 million — among the largest capital fundraising efforts in the seven year history of the firm. […]
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It is Bitcoin’s technical characteristics that make it an ideal, diversified corporate treasury holding. Holding Bitcoin (BTC) in treasury will soon become a corporate standard. Wall Street firm MicroStrategy recently made headlines when it decided to allocate a large portion of its treasury to Bitcoin, buying over 21,000 BTC in August and almost 17,000 more […]
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2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges. 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 […]
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Amid global economic contraction, Bitcoin appears to be gaining momentum against struggling fiat currencies. Bitcoin being regarded as “sound money” is a common refrain among many proponents of the popular cryptocurrency. With a finite supply of 21 million and a network secured by over 120 exahashes per second of computing power, the consensus among industry […]
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Chinese crypto miners migrate seasonally from the southern regions in search of cheaper electricity. But is it always due to the climate? The behavior of crypto market participants often depends on political and economic factors: the price of crypto assets, regulations in a specific country, or political events. For Chinese miners, however, the factors differ […]
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Institutional interest in Bitcoin continues to rise as bullish sentiment around BTC prevails. With Bitcoin (BTC) price sentiment continuing to remain bullish following the uncertainty brought on by the United States presidential election, institutional investors seem to be getting more interested in betting on the markets. In the seven-day period ending on Oct. 27, Grayscale […]
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