Goldman Sachs Headlines $59 Million Funding Round in Cryptocurrency Custodian BitGo

Wall Street banking giant Goldman Sachs has put another stake in the ground of the burgeoning cryptocurrency industry, headlining a $58.5 million Series B funding round in digital asset custodian BitGo. Goldman, Novogratz Invest $15 Million in BitGo Announced on Thursday, the Series B round raises the Silicon Valley-based bitcoin startup’s total fundraising to approximately

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Mainstream: $7.2 Trillion Asset Manager Fidelity Will Help Customers Invest in Bitcoin

Fidelity bitcoin cryptocurrencyOne of the biggest names in financial services wants to help institutional investors add bitcoin and other cryptocurrency assets to their multi-billion dollar portfolios. Citing proven institutional demand for cryptocurrency products, Fidelity Investments, the fifth-largest asset manager in the world with 27 million clients and $7.2 trillion in customer assets, has announced that it will

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Breaking: Harvard, Stanford, & MIT Have All Invested in Cryptocurrency Funds

harvard university cryptocurrencyAt least five more university endowments have invested in cryptocurrency funds, suggesting that the “herd” of institutional investors is finally beginning to place at least a small bet on the nascent asset class. As first reported by The Information, a cadre of major educational institutions including Harvard University, Stanford University, Massachusetts Institute of Technology, Dartmouth

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Yale University Has Invested in Two Cryptocurrency Funds: Report

The “herd” of institutional investors that cryptocurrency bulls such as Mike Novogratz have perennially said is just over the horizon is finally making an appearance, as reports have emerged that one of the world’s largest university endowments has invested in two cryptocurrency funds. Yale University Endowment Makes Cryptocurrency Play Citing an anonymous source familiar with

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Most Americans Unsure About What Bitcoin Actually Means, Survey Claims

“Bitcoin” is the financial term for which Americans are least confident of its meaning, according to The Knowledge Academy, a U.K. based provider of training courses which conducted a survey of 1,135 Americans to measure their understanding of financial terms. That “bitcoin” would rank as the least understood term is not surprising, given its newness

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Bitcoin Will Rebound, But Altcoins are ‘Never Coming Back’: BitPay Exec.

A top executive at one of the oldest and largest cryptocurrency payment processors said that he firmly expects bitcoin to rebound within the next year but that altcoin prices may never again see their early-2018 peaks. Sonny Singh, chief commercial officer at BitPay, said during an interview with Bloomberg that his firm has “never been

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Uber Co-Founder’s Cryptocurrency Trading Platform Launches Institutional Brokerage

Voyager, the cryptocurrency trading platform created by Uber’s first CTO and a former E*Trade executive, has launched a new brokerage division designed specifically for institutional investors. Dubbed Voyager Institutional, the brokerage aims to deliver a “best-in-class crypto trading solution” to large firms seeking to trade cryptocurrencies, a group that among others includes hedge funds, buy-side

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Bitcoin Mutual Fund Launches in Canada

First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP). The trust is available on NEO

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Breaking: Winklevoss’ Gemini Launches U.S. Dollar-Pegged Cryptocurrency

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has announced the creation of a USD-pegged Ethereum token that looks to supplant tether (USDT) as the stablecoin of choice among bitcoin traders. Announced on Monday, the Gemini dollar (GUSD) aims to become what the controversial tether token has not, a “trusted and regulated digital

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A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong

The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur.

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