U.S. asset management giant GoldenTree Asset Management, which has $45 billion in assets under management, said it had added Bitcoin, which it described as a leading crypto asset, to its balance sheet.
Wealthfront to Offer Cryptocurrency Investment Service to Customers Through Grayscale
Wealthfront, a California-based investment provider with more than $25 billion in assets under management, said its users can now diversify their portfolios by allocating Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) funds.
German Institutional Funds Can Now Evaluate 20% of Portfolios with Crypto
Under a new law coming into force next week, some German mutual funds will be able to hold digital assets with a total of 20% of their portfolios. This is described as indicative of the growing demand for the sector from various institutions.
Mastercard's CEO Says Mastercard Should Be in Cryptocurrency Space
Last week, Mastercard's CEO Michael Miebach announced that the company is developing a new venture and a virtual testing platform for central banks to help with new ventures.
Global Cryptocurrency Adoption Has Doubled Since January to 221 Million Users
The report found that the rise of the DeFi movement was a Tesla says the adoption of cryptocurrency by the likes of Visa, Mastercard and Microstrategy, and El Salvador's acceptance of Bitcoin as a legal tender, are important events that help make cryptocurrency even more popular.
Oil giants plan to switch to Bitcoin mining to reduce harmful greenhouse emissions such as methane from gas burning. Alexander Kalmykov, head of Gazprom Neft, said, "This will increase the percentage of rational use of raw materials." Said.
Square to Buy Afterpay with 29 Billion Investments and Allow Bitcoin Transactions
Yesterday, Square said, "I'm not going Australia has announced it will buy Afterpay, a financial technology company operating in the United Kingdom, Canada, the United States and New Zealand. However, more than seven million customers using Afterpay will be able to use features such as buying Bitcoin.
American Bankers Association Promotes Partnerships With Cryptocurrency Firms
The American Bankers Association (ABA) has released a new report suggesting that banks consider partnerships with cryptocurrency firms based on the industry's growing profitability and customer interest.
New Investment in Mining from Marathon Digital Holdings
In a press release, Marathon Digital Holdings confirmed an agreement to buy 30,000 Bitcoin mining machines from Chinese manufacturer Bitmain, totaling about $121 million.
Bank of America Says El Salvador Has Positive Sides to Bitcoin Move
Bank of America said there are some benefits to adopting Bitcoin as a legal tender in El Salvador. Opportunities include low-cost remitnings, financial digitization, more options and more investment opportunities from foreign companies.
Digital Asset Funds Have Exited
Bitcoin-focused funds totaled $19.7 million. However, there appears to be net inflows into funds that focus on other categories, including multi-asset funds.