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  • blockchain-unicorn-fireblocks-raises-$310m
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    Blockchain unicorn Fireblocks raises $310M

    The investment round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X. Launched in 2020, SCB 10X is the venture capital arm of Siam Commercial Bank, Thailand’s oldest bank. Blockchain infrastructure provider and crypto custodian Fireblocks has secured another $310 million in strategic investments, bringing its total valuation to $2… More

  • institutions-continue-offloading-btc-exposure-despite-price-rebound
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    Institutions continue offloading BTC exposure despite price rebound

    Bitcoin funds are still in decline as institutional sentiment remains bearish. Investments in institutional Bitcoin (BTC) products have continued to decline this past week.In its “Digital Asset Fund Flows Weekly” report on Monday, CoinShares notes that institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week… More

  • capital-international-purchased-$600m-in-microstrategy-stock
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    Capital International purchased $600M in MicroStrategy stock

    MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million. Financial services company Capital International invested more than half a billion dollars into business intelligence firm MicroStrategy stock.In MicroStrategy’s filings to the U.S. Securities and Exchange Commission, or SEC, for the… More

  • survey:-40%-of-institutional-crypto-investors-intend-to-buy-a-lot-more
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    Survey: 40% of institutional crypto investors intend to buy a lot more

    More than 80% of institutional investors polled who have already invested in digital assets expect to increase their exposure. A new survey suggests that hedge fund executives, wealth managers and institutional investors already holding crypto assets intend to increase their holdings.The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of… More

  • 44%-of-investors-expect-bitcoin-to-drop-below-$30k-in-2021:-cnbc-survey
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    44% of investors expect Bitcoin to drop below $30K in 2021: CNBC survey

    CNBC surveyed a set of equity strategists and portfolio managers to understand investor sentiment on Bitcoin price. Throughout Bitcoin’s historic price surges and falls, investors have tried and failed to employ traditional markers to make sense out of the volatile trends. CNBC recently conducted a survey on a group of portfolio managers and equity strategists to… More

  • tp-icap-to-launch-bitcoin-exchange-with-fidelity,-standard-chartered
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    TP ICAP to launch Bitcoin exchange with Fidelity, Standard Chartered

    Now pursuant to approval from the United Kingdom’s financial regulator, TP ICAP’s crypto platform will initially offer Bitcoin trading. Major global interdealer broker TP ICAP is launching a cryptocurrency trading platform with Fidelity Investments and British banking giant Standard Chartered.TP ICAP’s upcoming crypto exchange is scheduled for launch in the second half of 2021 and… More

  • colombian-capital-supports-blockchain-and-emerging-tech-with-$2.3m-fund
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    Colombian capital supports blockchain and emerging tech with $2.3M fund

    Blockchain development is one of four major programs in Bogotá’s new tech innovation fund. Colombia’s capital of Bogotá is funding blockchain development as part of the city’s broader investment in innovative technologies.According to a Monday announcement on the city of Bogotá’s official website, the municipal government will provide 8.8 billion Colombian pesos ($2.3 million) to… More

  • crypto-finance-company-amber-group-valued-at-$1b-following-$100m-raise
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    Crypto-finance company Amber Group valued at $1B following $100M raise

    The Series B funding round was led by China Renaissance, with participation from several crypto venture funds, including Tiger Brokers, Tiger Global Management, Arena Holdings, DCM Ventures and Gobi Partners. Cryptocurrency investment platform Amber Group has added $100 million to its coffers following a successful Series B fundraiser, bringing its total pre-money valuation to $1… More

  • forecasting-bitcoin-price-using-quantitative-models,-part-4
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    Forecasting Bitcoin price using quantitative models, Part 4

    An intellectual attempt to estimate Bitcoin’s price, corrected according to the hash rate metric. This is Part Four of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three —… More

  • reports-suggest-blockfi-seeks-to-raise-millions-at-a-valuation-of-$5b
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    Reports suggest BlockFi seeks to raise millions at a valuation of $5B

    Financiers from New York and London are said to be leading the private investment round, according to reports. Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies.The company, which was founded… More

  • ceos-of-top-russian-banks-sberbank-and-vtb-blast-bitcoin
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    CEOs of top Russian banks Sberbank and VTB blast Bitcoin

    Top Russian bankers cite their reasons for not liking Bitcoin after Tinkoff’s CEO said that the central bank was stopping it from offering crypto trading services. Sberbank and VTB, the two biggest banks in Russia, are not willing to move into the cryptocurrency market in the near future as their CEOs believe that crypto is… More

  • bitcoin-‘of-great-concern,’-ireland’s-central-bank-official-warns
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    Bitcoin ‘of great concern,’ Ireland’s central bank official warns

    Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Ireland’s central bank director general for financial conduct is the latest official to point out issues of Bitcoin (BTC) and the cryptocurrency industry following a major market sell-off.The growing popularity of cryptocurrencies like Bitcoin is “of great… More

  • bitcoin-still-on-track-to-$100k-despite-growing-risks,-says-strategic-investor-lyn-alden
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    Bitcoin still on track to $100K despite growing risks, says strategic investor Lyn Alden

    Strategic investor Lyn Alden’s outlook on Bitcoin remains bullish despite growing risks Strategic investor Lyn Alden is convinced Bitcoin has still the potential to reach $100K in the current bull cycle — despite growing uncertainty and increasing volatility. “We are seeing a lot of froth throughout the industry”, she said, referring to the latest rally in… More

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