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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
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
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
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
North America's first Bitcoin ETF launched in Canada last month, and already holds nearly 11,300 BTC. Canadian asset manager Purpose Invest reports that, as of March 4, its Bitcoin ETF has $722 million CAD in assets under management, equivalent to about $571 million USD. The Ontario Securities
News • Markets • Mar 03, 2021
Iran should engage in large-scale Bitcoin mining and could use digital assets to circumvent international sanctions, according to the research arm of the Iranian President's office. Local news outlet IranWire reported on March 2nd that the Iranian Presidential Center for Strategic Studies has published a research report suggesting
News • Bitcoin • Mar 02, 2021
Authorities in China's Inner Mongolia region plan to stop local bitcoin mining activities. According to an energy-saving plan published by the Inner Mongolia Development and Reform Commission on Feb. 25, local authorities will stop all ongoing bitcoin mining operations and prevent new ones from being established. These new
News • Technology • Mar 01, 2021
Goldman Sachs is dealing with bitcoin futures, again. Reuters reported on March. 1 that Goldman Sachs will restart bitcoin futures trading for its customers after previously halting the service in 2018. Per the report, the bank will start offering futures contracts and non-deliverable forwards starting next week. Bitcoin's
News • Bitcoin • Mar 01, 2021
Bitcoin is at the doors of mainstream adoption, according to research conducted by major American investment bank Citi. In its March 1st report, Citi suggests that Bitcoin is at the “tipping point” of either “mainstream acceptance or speculative implosion.” The bank's researchers explain that adoption of the world&
News • Bitcoin • Feb 28, 2021