Nick Chong

In late December, the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) released a proposed cryptocurrency regulation, as had been rumored previously. The document indicated that, if adopted, virtual asset service providers would need to verify the name and address of non-custodial wallet users for any transaction exceeding

As institutional capital continues entering Bitcoin, SkyBridge Capital announced on Monday that it has an "approximately $310 million" position in the asset.  SkyBridge, which is led by Anthony Scaramucci, is an alternative investment fund operated in the U.S. In the press release announcing the position, SkyBridge claimed

MicroStrategy has been one of the largest buyers of bitcoin in recent months. The American business services company deployed $250 million into Bitcoin over August, then an additional $175 million in September. These two investments represented the first and second time a publicly-traded corporation had bought bitcoin for investment purposes.

After a couple of days at consolidation around $29,000, Bitcoin passed $30,000 on January 2nd and climbed as far as $33,300, before retracing to the $31,000 range. This latest milestone puts the cryptocurrency 50% above its previous all-time high of $20,000. It also marks a

Digital asset manager Grayscale now holds $20 billion worth of cryptocurrency, $17.5 billion of which is in Bitcoin. The value of the firm's holdings are up around 900% year to date, according to Barry Silbert, CEO of Grayscale parent Digital Currency Group (DCG):  "We did it!

On December 28th, Greenpro Capital, a Nevada-registered and Kuala Lumpur-headquartered business incubator, announced that it will be investing in Bitcoin with company money.  Greenpro thinks that Bitcoin will "produce significant future value for the Company" because it will "provide the opportunity for better returns and preserve the

In late November, Coinbase chief executive Brian Armstrong warned that the U.S. Treasury was looking to crack down on "self-hosted" cryptocurrency wallets. Armstrong suggested that from what he has heard, the Treasury was going to mandate exchanges to take the information of users looking to withdraw capital

On Tuesday, Ruffer Investment Company revealed in an investor letter that it has allocated "around 2.5%" of its fund's portfolio to Bitcoin: One recent addition, via one of the specialist managers appointed within the Ruffer Multi-Strategies Fund, has been bitcoin. This is primarily a defensive