Investments

Bitcoin whale MicroStrategy buys additional 271 BTC

MicroStrategy, the Virginia-based business intelligence firm, has added another 271 Bitcoin (BTC) to its strategic reserves, underscoring CEO Michael Saylor’s growing conviction in the digital asset.  The purchases were made through May 13 for an average price of $55,387, Saylor disclosed on Thursday. MicroStrategy now has 91,850 BTC on its books for an average purchase …

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Bitcoin is durable, says BlackRock’s Rick Rieder

Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment. In an interview with CNBC’s Squawk Box today, Rieder said Bitcoin (BTC) had “not reached maturity yet” and still had some hurdles to overcome like the public perception of …

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Art reimagined: NFTs are changing the collectibles market

Art has been serving as the ultimate source of inspiration to many people throughout all of history. In the era of cryptocurrencies and the digitized world, trends change faster than ever. For years, numerous artists have tried stepping into rapidly advancing playgrounds and grabbing their slice of pie, but now their time has truly come. …

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Bridgewater Associates CFO heads to Bitcoin-focused firm

Departing his position as the chief financial officer of Bridgewater Associates, John Dalby will assume the post of chief financial officer for Bitcoin-focused tech and finance company NYDIG. “The NYDIG team and I are extremely excited to welcome John,” NYDIG CEO and co-founder Robert Gutmann said in a public statement released on Friday. He added: …

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Reports suggest Goldman Sachs is now offering Bitcoin derivatives

Investment banking giant Goldman Sachs has reportedly opened up futures trading on Bitcoin to Wall Street executives. According to Bloomberg Law, last month the investment firm began offering trading with non-deliverable forwards, a derivative tied to the price of Bitcoin (BTC) — roughly $56,000 at the time of publication — for which investors can get …

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Grayscale parent firm DCG to expand GBTC buy limit by $500M

Digital Currency Group, the parent company of Grayscale Investments digital asset manager, is now authorized to purchase up to $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). The company announced Monday that DCG increased its prior authorization to buy up to $250 million worth of GBTC shares by extra $500 million. The share …

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Nas brags about Coinbase and crypto wealth in new track with DJ Khaled

American rapper and cryptocurrency investor Nasir Jones, better known by his stage name Nas, has invited fans to join the cryptocurrency industry in a newly released track. Released last week, “Sorry Not Sorry” features a collaboration with DJ Khaled, Jay-Z and James Fauntleroy, with Nas rapping about Coinbase, the United States’ largest crypto exchange that …

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Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger

Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway conglomerate, did not mince words when it came to describing his feelings on crypto. In the Berkshire Hathaway Annual Shareholders Meeting streamed live on Saturday, Munger addressed questions from investors alongside his fellow billionaire. While Buffett said he would intentionally dodge a question …

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Deutsche Börse and Commerzbank invest in new digital asset venture

German securities marketplace Deutsche Boerse and major bank Commerzbank have jointly invested in a new holding company which plans to focus on blockchain technology and digital assets. Deutsche Boerse announced Thursday that the company and Commerzbank entered a strategic partnership with fintech firm 360X to develop new blockchain-based digital marketplaces and existing real asset classes …

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Huobi Group launches 4 crypto funds targeting $100M in assets

Huobi Technology Holdings — a part of the Huobi Group, which includes leading Seychelles-based cryptocurrency exchange Huobi Global — has launched four digital currency funds targeting $100 million in assets by September, setting the stage for wider institutional adoption.  The company said it has already secured $50 million in commitments across the four funds, putting …

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