Category: Investing
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$41 Trillion Global Custodian BNY Mellon Announces Bitcoin Strategy
Today, global banking and custodian heavyweight BNY Mellon announced that it is entering the Bitcoin arena with the creation of a “Digital Assets Unit.” The New York-based bank is a custodian of more than $41 trillion in assets and has $2 trillion in assets under management and The Wall Street Journal has reported that this…
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Bitcoin-Based Lending And Savings Platform Ledn Raises $2.7 Million
This morning, Toronto-based bitcoin lending and saving company Ledn announced a $2.7 million financing round led by White Star’s Digital Asset Fund, with participation from Darrow Holdings, Coinbase Ventures, Global Founders Capital, CMT Digital and Kingsway. The Toronto-based company serves clients in over 100 countries by offering interest-paying savings accounts for bitcoin and USDC, as…
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It’s Happening: Tesla Buys $1.5 Billion Of Bitcoin
Elon Musk’s multi-billion dollar company, Tesla, has purchased an aggregate $1.5 billion of BTC and will begin to accept the cryptocurrency as payment, per a financial performance report filing with the U.S. Securities and Exchange Commission for the fiscal year ended on December 31, 2020. Per the filing, in January 2021 the company updated its…
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Bitcoin Investment In 2021: What Should We Expect?
The bitcoin price has surged about 300 percent over the last 12 months thanks to mainstream adoption and institutional interest. It has rallied massively to surpassing all-time highs of $41,000. At the time of this writing, the price is hovering around $35,000 and it will be interesting to watch traders’ reactions and price behavior for…
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Swan Bitcoin Launches Service For High-Net-Worth Clients And Institutions
Today, bitcoin investment company Swan Bitcoin announced the launch of Swan Private, its dedicated service to help high-net-worth individuals, corporations and institutions invest in bitcoin and manage their funds. “Swan Private helps clients establish and build their bitcoin position over time,” according to an announcement shared with Bitcoin Magazine. “Clients often make a large purchase…
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Bitcoin Custody Provider Casa Announces $4 Million Raised In Seed Funding
Today, Bitcoin custody solution provider Casa announced that it has raised $4 million in seed funding. “The seed round is led by Avon Ventures, a venture capital fund affiliated with FMR LLC, the parent company of Fidelity Investments, and includes first-time investment in Casa from Tioga Capital, Cadenza Ventures, Coinbase Ventures and Champion Hill Ventures,”…
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After Elon Musk Changes Twitter Bio To “#Bitcoin,” BTC Price Surges
Early this morning, Elon Musk, the CEO of SpaceX and Tesla, as well as the richest person in the world, changed his Twitter profile to read “#bitcoin” and tweeted a cryptic message that many in the Bitcoin space interpreted as advocacy for the technology or acknowledgment that his tacit endorsement was bound to happen. In…
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Aave’s Founder Angel Invests to Grow DeFi’s Head Start on the Banks
Stani Kulechov has backed nearly 40 projects in his search for founders who see two or three moves ahead.
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Bitcoin Is The Only Investment-Grade Digital Asset
Underlying Source Every four years or so, bitcoin’s seemingly cyclical nature rears its head and the rise of another bull market begins. There are headlines across mainstream media outlets boasting massive price action, and droves of people start coming out of the woodwork to claim that they have been long on bitcoin for years! However,…
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GameStop Investing Craze ‘Proof of Concept’ for Bitcoin Success, Says Scaramucci
A campaign by members of a Reddit investor forum have caused GameStop stock to spike to record levels in the last week.