Dan Ives, Wedbush Securities’ managing director, believes BTC is on the cusp of a much bigger adoption story. Wedbush Securities, a prominent wealth manager based in Los Angeles, California, believes Bitcoin (BTC) is becoming a permanent fixture in the global financial marketplace. Managing director Dan Ives informed clients on Wednesday that corporate adoption of Bitcoin…
Read more
Should the purchase go as planned, the business intelligence firm would hold more than $3.5 billion in Bitcoin as a reserve asset. Following a Tuesday announcement that MicroStrategy would be planning to buy $600 million in Bitcoin through a sale of convertible notes, the business intelligence firm has upped the ante by another $300 million.…
Read more
Here’s what crypto and blockchain industry experts think about Tesla’s recent $1.5 billion investment into Bitcoin. While 2020 was a significant year for Bitcoin (BTC), the just-begun year of 2021 is already full of great surprises. On Feb. 8, Bitcoin’s price jumped by almost $3,000 in minutes, then it surged 20% in 24 hours —…
Read more
In the wake of the recent ban on Nigerian banks’ servicing of crypto exchanges, Bitcoin’s price in the country has seemingly spun out of control. It’s been roughly 11 days since the Central Bank of Nigeria banned all regulated financial institutions from providing services to cryptocurrency exchanges in the country. At the risk of stiff…
Read more
Several financial institutions in the U.S. are “are seriously considering launching some type of cryptocurrency service,” an Elliptic co-founder said. Global banking institutions have been expressing more interest in Bitcoin (BTC) as the cryptocurrency consistently breaks new all-time highs, according to a new report. Tom Robinson, co-founder of major British crypto firm Elliptic, told The…
Read more
The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase. A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public hearing this month to address specific requirements for investors…
Read more
SBI Holdings is reportedly considering mergers and acquisitions as a means of solidifying a potential deal. Japanese financial conglomerate SBI Holdings is reportedly planning to set up a joint cryptocurrency venture with foreign financial companies. SBI CEO Yoshitaka Kitao said that the Japanese company is in talks with other financial firms to launch a crypto…
Read more
Regulatory clarity in the crypto industry is needed now more than ever, per one official. As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said. SEC commissioner Hester Peirce believes that clear cryptocurrency rules are needed now more than…
Read more
According to his logic, Bitcoin has been a failure for 11 years. Bitcoin has gained significant media attention in recent days, in line with its price rise to nearly $50,000, the institutional implications of Tesla’s recent $1.5B purchase. Nassim Nicholas Taleb, who previously worked as a risk analyst and options trader, views Bitcoin (BTC) less than…
Read more
JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.” Major U.S. investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes. The executive told CNBC Friday that…
Read more
