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Bitcoin Sees "Huge" Institutional Demand: Goldman Sachs Head of Digital Assets
Bitcoin Sees "Huge" Institutional Demand: Goldman Sachs Head of Digital Assets
News  •  Bitcoin  •  Mar 07, 2021 by Dariusz Z

According to Matt McDermott, the head of digital assets at major investment bank Goldman Sachs, institutional demand for Bitcoin is currently particularly high. The banker explained during a podcast that a recent survey revealed that 40% of the nearly 300 Goldman Sachs institutional customers already have exposure to cryptocurrencies by

Norwegian Listed Company Launches Unit to Invest in the Bitcoin Ecosystem
Norwegian Listed Company Launches Unit to Invest in the Bitcoin Ecosystem
News  •  Business  •  Mar 07, 2021 by Thomas M

Norwegian holding company Aker ASA has set up a new unit to invest in Bitcoin and the wider Bitcoin ecosystem, according to an announcement published on Monday. The industrial investment company focused on oil, gas, and renewable energy, among other sectors, shared that the new company, called Seetee, has a

Bitcoin Bull Market Spurs China's Investors to Action
Bitcoin Bull Market Spurs China's Investors to Action

Chinese companies are racing to raise funds and enter into or expand their existing operations in the Bitcoin space, largely thanks to Bitcoin's recent price action. Reuters reported on Tuesday that Chinese Bitcoin mining application-specific integrated circuit (ASIC) producer Ebang based $170 million in two separate funding rounds

News  •  Bitcoin  •  Mar 08, 2021
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Bitcoin Bull Market Spurs China's Investors to Action
Bitcoin Bull Market Spurs China's Investors to Action

Chinese companies are racing to raise funds and enter into or expand their existing operations in the Bitcoin space, largely thanks to Bitcoin's recent price action. Reuters reported on Tuesday that Chinese Bitcoin mining application-specific integrated circuit (ASIC) producer Ebang based $170 million in two separate funding rounds

News  •  Bitcoin  •  Mar 08, 2021
Bitcoin Sees "Huge" Institutional Demand: Goldman Sachs Head of Digital Assets
Bitcoin Sees "Huge" Institutional Demand: Goldman Sachs Head of Digital Assets

According to Matt McDermott, the head of digital assets at major investment bank Goldman Sachs, institutional demand for Bitcoin is currently particularly high. The banker explained during a podcast that a recent survey revealed that 40% of the nearly 300 Goldman Sachs institutional customers already have exposure to cryptocurrencies by

News  •  Bitcoin  •  Mar 07, 2021
Norwegian Listed Company Launches Unit to Invest in the Bitcoin Ecosystem
Norwegian Listed Company Launches Unit to Invest in the Bitcoin Ecosystem

Norwegian holding company Aker ASA has set up a new unit to invest in Bitcoin and the wider Bitcoin ecosystem, according to an announcement published on Monday. The industrial investment company focused on oil, gas, and renewable energy, among other sectors, shared that the new company, called Seetee, has a

News  •  Business  •  Mar 07, 2021
Taiwanese Semiconductor Giant TSMC Limits Chip Supply for Bitcoin Miners
Taiwanese Semiconductor Giant TSMC Limits Chip Supply for Bitcoin Miners

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest independent producer of semiconductors, is reportedly throttling its supply to bitcoin mining hardware manufacturers. Local news outlet China Money Network reported on March 5 that TSMC is limiting the access that mining hardware manufacturers have to its production output due

News  •  Technology  •  Mar 04, 2021
zkSNACKs and Bull Bitcoin Award $40,000 Grant to Bitcoin Developer Luke Jr
zkSNACKs and Bull Bitcoin Award $40,000 Grant to Bitcoin Developer Luke Jr

zkSNACKs, the company behind Bitcoin privacy wallet Wasabi Wallet, and Canadian Bitcoin exchange Bull Bitcoin have teamed up to finance a $40,000 grant awarded to Bitcoin developer Luke Jr in support of the further development of Bitcoin node software Bitcoin Knots. As the two companies announced in a blog

News  •  Business  •  Feb 28, 2021
MicroStrategy Now Owns Over 90,000 Bitcoin
MicroStrategy Now Owns Over 90,000 Bitcoin

MicroStrategy just added over a billion dollars worth of bitcoin to its treasury. Microstrategy announced on Wednesday that it had purchased 19,452 bitcoin for just over $1 billion, working its reserves up to 90,531 bitcoin—equivalent to about $4.5 billion as of press time. Commenting on the

News  •  Bitcoin  •  Feb 23, 2021
After Banks And Carmakers, British Bakery Adopts Bitcoin
After Banks And Carmakers, British Bakery Adopts Bitcoin

Fans of sweet pastries and digital gold in UK city Leeds can now tend to both passions at a local bakery that has just adopted Bitcoin as a form of payment. According to a February 22nd report by local news outlet Evening Post, Project D co-owner Max Poynton said that

News  •  Bitcoin  •  Feb 22, 2021
Square Buys Another $170M Worth of Bitcoin
Square Buys Another $170M Worth of Bitcoin

Square has bought another $170 million worth of Bitcoin, as the company revealed in its fourth quarter financial report on Tuesday. The financial services company led by Twitter CEO Jack Dorsey announced the purchase "as part of its ongoing commitment to the cryptocurrency." Square previously allocated one percent

News  •  Business  •  Feb 22, 2021
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