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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 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
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
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
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 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
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, 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 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
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