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Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells – Finance Bitcoin News

On Wednesday, as the leading crypto asset bitcoin has been riding above the $50k handle, the well known firm Blockchain.com announced the company has raised $120 million in a strategic financing round. Blockchain.com says the financing comes at a momentous occasion, as the firm’s wallets have seen 65 million created to-date in over 200 countries. … Read more

Asset Manager Values Bitcoin at $500K, Expects BTC to Be Worth More Than Gold, Sees Massive Institutional Interest – Markets and Prices Bitcoin News

One River Asset Management’s CEO says his firm now holds bitcoin worth “well over” $1 billion. He revealed that the institutional interest in bitcoin is “astounding,” noting that almost all major institutions in the U.S. are having discussions about the cryptocurrency. He believes that bitcoin will be worth more than gold, placing its value at … Read more

CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests – Press release Bitcoin News

PRESS RELEASE. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of the platform’s loan requests came from institutional investors. According to CEX.IO LOAN, … Read more

Fidelity Optimistic About Bitcoin Regulation Under Biden Administration — Sees Strong Institutional Demand – Bitcoin News

Fidelity Digital Assets President Tom Jessop has shared his view on the future of bitcoin and cryptocurrency regulation under the Biden administration. He confirms that Fidelity is seeing strong demand for bitcoin from institutional buyers. Fidelity Digital Assets’ Head Optimistic About the Future of Bitcoin Jessop explained what he expects in terms of cryptocurrency regulation … Read more

Guggenheim Investments’ Scott Minerd Says There Is Insufficient Institutional Support to Sustain BTC Prices Above $30K – Markets and Prices Bitcoin News

As bitcoin struggles to kickstart yet another record-breaking rally, Scott Minerd, the CIO at Guggenheim Investments says this could be down to the inadequate institutional support. According to Minerd’s assessment, this lack of sufficient institutional investor support means it will be hard for bitcoin to trade above $30,000. The CIO, however, thinks the viability of … Read more

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