Grayscale Investments LLC has temporarily stopped accepting new investors in six funds, including its Ethereum Trust and Bitcoin Trust funds, both gateways for institutional crypto bets. The crypto asset manager’s website said Monday that its Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin and Digital…
Bitcoin retreated from record highs on Monday after the digital currency topped out above $24,200 for the first time ever. The adoption among both institutional investors and corporations, evidenced by Square and PayPal's recent investments in the crypto asset helped bitcoin this rally. But a…
Willy Woo says Bitcoin ascending to the seven-figure mark this bull cycle is now within the realm of possibility. In a new episode of the What Bitcoin Did podcast, Woo reveals his broad range of Bitcoin price targets for the current bull cycle. “It would…
As Bitcoin surges to record highs, Scott Minerd of Guggenheim Investments believes the world’s largest cryptocurrency’s fair value still has a ways to go. Bitcoin’s scarcity combined with “rampant money printing” by the Federal Reserve mean the digital token should eventually climb to about…
Zack Voell Fri, December 18, 2020, 9:12 AM PST·1 min read Coinbase has tapped Goldman Sachs to lead its upcoming initial public offering, per a report by Business Insider that cited industry sources published Friday. Coinbase announced Thursday it had filed preliminary documents with…
When Ruffer Investment wanted bitcoin in November it turned to One River Digital, which went to Coinbase to hit the “buy” button on a purchase now worth over $745 million, Ruffer representative Jonathan Atkins confirmed to CoinDesk. In a recent portfolio update, Ruffer alluded…
American Express appears to be edging closer into the crypto world after investing in the cryptocurrency trading platform FalconX via its venture unit, according to a press release published Wednesday. “FalconX is helping bring simplicity to the increasingly complex digital asset space through a platform that provides…
Coinbase Global, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”). The Form S-1 is expected to become effective after the SEC completes its review process, subject to market and other…
Bitcoin surpassed $20,000 for the first time, another milestone in what’s been an eye-popping rally for the controversial digital asset this year. The world’s largest cryptocurrency rose as much as 7.6% to $20,893 in New York on Wednesday, vindicating forecasts that were scoffed at months…
Massachusetts Mutual Life Insurance Co. enters bitcoin buyers club with the purchase of $100 million of bitcoin for its general investment account. Even though the investment is tiny compared to its massive holding of $235 billion. Price of the Bitcoin was hovering around $18K…