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Institutional investors are diversifying into altcoins amid the latest market downturn. Multi-asset investment products registered another sharp rise in weekly inflows.
There has long been growing interest by institutions to adopt cryptocurrencies; the setback has been regulations that restrict their exposure to the asset class. Germany is paving the way for its institutions to dabble into the crypto sphere.
Voyager Digital Ltd., one of the fastest-growing crypto brokerage firms has acquired Denmark-based crypto payment app Coinify to extend its services into the digital payment sector. The growing demand for crypto payments and the success of existing companies in the space has pushed Voyager to enter the payment market and Coinify could help the $1.9 The post Bitcoin Brokerage Firm Voyager to Enter Digital Payment Market With $85M Acquisition appeared first on Coingape.
A U.S. congressman has introduced the Digital Asset Market Structure and Investor Protection Act.
For a change, Ethereum has had a better week than Bitcoin. The world’s largest alt has been recovering over the past few days, but went on to touch the $2600 mark only on Sunday.
According to the executive chairman, the recent Snoop funding would be used to expand the company’s global reach with the US already identified as a target.
The list of institutional investors and hedge funds in cryptocurrencies just got a new addition to it. GoldenTree, a hedge fund with over $45 billion under management, has reportedly added Bitcoin to its balance sheet.
Closely followed on-chain analyst Willy Woo is laying out a price path for Bitcoin (BTC) this cycle. In a new episode of What Bitcoin Did with Peter McCormack, Woo names a few key levels that can trigger a continuation of the Bitcoin bull market.
The group earlier reported a 52 percent jump in year-over-year pre-tax income.
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The amount of Bitcoin held on addresses storing between 100 and 10,000 BTC has hit 9.23 million Bitcoin for the first time ever.
Identifying a strong altcoin during a bull rally is a difficult task since most are hiking on the back of strong price performances. It is during a period of consolidation or decline, however, that the true credibility of an asset shines.
The idea of being able to receive price protection for cryptocurrency is something that, up until recently, seemed a long way off. In the midst of an explosion of DeFi protocols, Bumper Finance has stepped in to fill the gaping hole in the cryptocurrency market, to allow people to protect their crypto without losing any of the upside. Over the past month, the volatility of cryptocurrency has been sending shockwaves through the market, leading many concerned investors fleeing for the hills. The situation would perhaps be different, if investors were able to avoid cryptocurrency’s extreme volatility, or rather than avoid, simply side-step. Bumper has, through its innovative protocols and near-zero slippage engine, managed to create a scenario in which investments are fully protected through a price protection protocol that converts a volatile asset to a stablecoin, and gives liquidity providers the ability to earn an outperforming yield.
One of North America’s Bitcoin Mining giants, Marathon Digital Holdings, Inc. has bought an additional 30,000 Antminer S19j Pro (100 TH/s).
Casa is launching a product allowing users to purchase Bitcoin via automatic bank payments that are then sent straight to a user’s multisig wallet.
The company’s bid to become the largest Bitcoin miner in the United States could be achieved by 2022.