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Institutional investors dump Bitcoin for gold, JPMorgan analysts say

Published by Helen Partz – Cointelegraph – May 19th, 2021 JPMorgan still sees a $140,000 Bitcoin price as a long-term theoretical target. Amid Bitcoin touching five-month lows near $30,000, JPMorgan Chase analysts suggested that large institutional investors are now dumping Bitcoin (BTC) in favor of gold. In its Tuesday note to clients, JPMorgan suggested that […]

Coinbase is down for some users as Bitcoin sees massive sell-off

PUBLISHED MAY 19 2021 9:41 AM By @JBURSZ – Jessica Bursztynsky – Crypto-exchange company Coinbase appeared to be down Wednesday morning, as digital coins plunged. The company’s stock fell 10% just after trading began Wednesday. Several social media users seemed frustrated at the app and site’s error while cryptocurrencies were plunging, looking to buy […]

Revuto Private Sale Totals $1.7M Ahead of Cardano Launch

PUBLISHED MAY 18 2021By: Bitcoinist – Revuto, a subscription management service accepting crypto payments, has raised $1.7 million in a private sale. The round was led by BlackDragon VC and included a series of angel investors who contributed to the haul over the space of a week. Revuto is now preparing for a launch on Cardano […]

MicroStrategy: Another Dip, Another $10M Bitcoin Buy

PUBLISHED MAY 18 2021 – 8:14 AMBy: @Dan_Z_Palmer – Dan Palmer – The listed firm now holds 92,079 BTC bought for a total of $2.251 billion. Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) is making the most of the downturn in bitcoin (BTC, -2.2%) prices, buying another 229 BTC for $10 million in cash. Disclosed by […]

Square CEO Says ‘Bitcoin Changes Everything for the Better’

PUBLISHED MAY 16 2021By: Kevin Helms – The CEO of Square Inc. says that “bitcoin changes everything for the better.” His comment followed one from Square’s CFO reaffirming the company’s corporate bitcoin strategy. The CEO also made a commitment to “forever work to make bitcoin better.” Meanwhile, Square and Ark Invest have published a report […]

Mexican Bitcoin Exchange Bitso Raises $250 Million, Becomes Latin America’s First Crypto Unicorn

PUBLISHED ORIGINALLY MAY 5 2021 – 8:00 AM –By: Nina Bambysheva Forbes Staff – Maria AbreuForbes Staff – Today, Bitso, the largest cryptocurrency platform in Latin America, announced it raised $250 million in Series C investment. The round, co-led by hedge fund giant Coatue and investment firm Tiger Global, puts the company’s valuation at $2.2 […]

Dogecoin will ‘migrate to proof-of-work from proof-of-stake,’ to make it viable, predicts head of crypto lending platform

PUBLISHED WED, MAY 14 2021 – 1:58 PMBy: @mdecambre – Mark DeCambre – Dogecoin will likely transition from a proof-of-work protocol to proof-of-stake, speculated Alex Mashinsky, the chief executive and founder of The Celsius Network on Friday during a webcast hosted by his lending platform on YouTube. “I’m going to make a prediction,” declared Mashinsky, […]