Fidelity’s latest report predicted that nation-states, central banks, sovereign wealth funds, and government treasuries may strategically position themselves in the cryptocurrency market by 2025. The prediction follows the approval and launch of spot Bitcoin exchange-traded products (ETPs) in 2024, which triggered significant demand from institutional and retail investors. This new accessibility has streamlined Bitcoin allocations, […]
Institutional investors now account for 31% of all known Bitcoin (BTC) holders, reflecting a sharp increase from 14% in 2023. The uptick has been largely driven by spot Bitcoin exchange-traded funds (ETFs), government acquisitions, and MicroStrategy’s ramping up of its BTC strategy, which has seen its stash grow to over 440,000 BTC. ETFs, MicroStrategy, Drive […]
Vancouver’s city council has voted in favor of exploring the use of BTC in municipal finances, marking a significant step toward making the city “Bitcoin-friendly.” Mayor Ken Sim introduced the motion, which passed on Wednesday with strong support from six councilors. Two voted against it, and three were absent. Vancouver to Explore Bitcoin Integration The […]
Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify the city’s financial assets by including Bitcoin on its balance sheet. The Mayor’s Plan During a November 26 Vancouver city council meeting, Sim introduced a […]
According to a new report by the Financial Intelligence Unit (FIU), South Korea’s cryptocurrency investor base has surged to 7.78 million. This figure marks a 21% increase from the previous year. The “Virtual Asset Business Survey” shows domestic crypto investors increased by 1.33 million compared to the second half of 2023, driven largely by an […]
After the downfall of FTX, the Caribbean’s cryptocurrency landscape entered a phase of doubt and decreased engagement, leading to a loss of trust in crypto platforms. However, starting in late 2023, there has been a notable revival in such activities across the region. Prominent blockchain analysis company Chainalysis said that users in the region increasingly […]
At the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao urged China to re-evaluate its approach to the crypto industry. He cited the evolving international stance on digital currencies, particularly in the United States, where the asset class has gained political support from key figures like U.S. presidential candidate […]
Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has reported a shift in crypto adoption among the country’s top financial advisors. Reflecting on his speech at the Barron’s Advisor 100 Summit last Friday, Hougan noted that 70% of the attending financial advisors now personally hold cryptocurrency, a noteworthy increase from just two years ago […]
The approval of spot Bitcoin ETFs in January was one of the biggest moves in crypto this year, with funds generating a surge in demand for BTC. However, eight months after their launch, interest in those products appears to be waning. In a recent post on X, Jim Bianco, the CEO of Bianco Research, stated […]
Tokyo’s Metaplanet investment firm revealed that it has acquired an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million amidst the current market lull to set the stage for long-term growth. This purchase is part of the strategy announced on August 8, following the firm’s acquisition of a 1 billion yen loan, […]
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