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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 – https://cnbc.com 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 – https://bitcoinist.com 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 – https://coindesk.com 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 – https://news.bitcoin.com 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 – https://forbes.com 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 – https://marketwatch.com 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, […]