NYDIG Raises $720M for Institutional Bitcoin Fund
By / October 4, 2022, 6:48 am EDT

… Stanley, Bessemer Venture Partners and MassMutual.

NYDIG has withstood multiple SEC rejections against its proposal to list and trade spot bitcoin ETFs. Yet NYDIG, established in 2016, continues its mission to “make Bitcoin accessible to all” through products such as bitcoin

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Bitcoin Ranges Steady Despite Tech Downtrend
By / September 29, 2022, 2:20 pm EDT

… cryptocurrencies, he said.

“Cryptocurrencies are no longer perceived as hedge assets,” Zhdanov said.

All things considered, the prices of both bitcoin and ether remained relatively stable.

Waning correlation with tech

Bitcoin briefly rose by 2.7% over the past week from …

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Are Companies … Aside From MicroStrategy … Still Buying Bitcoin?
By / September 20, 2022, 4:11 pm EDT

… increase if the impairment costs on bitcoin are lifted, Valkyrie Investments head of research says

MicroStrategy has bought even more bitcoin.

The company snapped up more of the cryptocurrency throughout the ongoing market downturn, while other companies with substantial bitcoin (BTC …

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What Bitcoin Market Fragmentation Means for Its Future
By / September 13, 2022, 9:00 am EDT

… have the exact same price quote for bitcoin at any given time.

This creates problems for institutional investors, liquidity, and bitcoin’s fungibility, as well as its future.

For insight into bitcoin’s market fragmentation, what it means, and potential solutions …

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Will MicroStrategy Continue Bitcoin Purchases as Lawsuit Looms?
By / September 12, 2022, 4:58 pm EDT

… s use of a common equity listing to raise capital suggests the firm believes its shares are overvalued relative to bitcoin.

MicroStrategy’s stock closed at $262.98 Monday, up roughly 0.4% on the day. Bitcoin’s price was about …

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Ether Loses Steam Days Before Merge, Bitcoin Holds Steady
By / September 12, 2022, 1:37 pm EDT

Bitcoin is leaving ether in the dust as investors move toward a “sell the event” reaction to the Merge
Uncertainty about the Merge’s success and implications weigh on traders as the deadline looms

With the highly-anticipated Ethereum Merge potentially …

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The Flippening: Will Ether Flip Bitcoin in the Next Year?
By and / September 8, 2022, 4:31 pm EDT

The potential for bitcoin to flip ether has rarely looked stronger, though some analysts argue that isn’t enough
Ethereum’s Merge is expected to spur additional outside investment due to a 99% decline in energy consumption

For years, Ethereum proponents …

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Gensler On Board With CFTC Taking Over Bitcoin Oversight
By / September 8, 2022, 1:03 pm EDT

In August, senators proposed legislation that would have the CFTC oversee cryptoassets deemed commodities, such as bitcoin and ether
The SEC has previously said that ether is a commodity

In a surprising move for the industry, Securities and Exchange Commission Chair …

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One Year In, El Salvador’s Bitcoin Bonds Could Be Right Around the Corner
By / September 7, 2022, 4:18 pm EDT

El Salvador became the first country in the world to establish bitcoin as legal tender one year ago
Officials have not broken ground on President Nayib Bukele’s promised “Bitcoin City,” a bitcoin bond-funded hub to be run on volcanic …

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Investment Products Shorting Bitcoin See Record Inflows
By / September 6, 2022, 12:21 pm EDT

… was highest in the US, which saw relatively flat flows masked by a record $18 million into products betting against bitcoin.

Source: CoinShares

Short bitcoin investment products now have $158 million in assets under management — a new high — according to the …

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