Digital asset company Bakkt announced a partnership with technology giant Google on Friday. This project aims to "expand the reach and availability of digital assets to meet the rapidly evolving consumer demand and preferences.” The partnership will introduce digital assets to millions of consumers.
Powerbridge Technologies Will Launch Bitcoin and Ethereum Mining in Hong Kong
Powercrypto Holdings, a subsidiary of blockchain software provider Powerbridge Technologies, is launching cryptocurrency mining in Hong Kong, mainly Bitcoin (BTC) and Ethereum (ETH).
US Senator Lummis Buys More Bitcoin, Sees BTC as 'Excellent Store of Value'
U.S. Senator Cynthia Lummis has disclosed her Bitcoin purchase worth between $50K and $100K. The senator from Wyoming sees Bitcoin as an “excellent store of value” that should be in every investment portfolio.
Ethereum Developers Propose to Postpone Difficulty Bomb Until May 2022
Ethereum's difficulty bomb is expected to usher in a new era for the digital asset. Ethereum developers Tim Beiko and James Hancock have published a proposal for EIP-4345 on postponing the Ethereum difficulty bomb until May 2022.
Institutions Say They Want DeFi
Bank of America, arguably one of the most conservative financial institutions in the world, continues to make statements about their interest in DeFi from institutional investors, saying that “the digital asset sector is too big to ignore”.
Bitcoin Reserves Have Fallen to the Lowest Level Since October 2017
Bitcoin (BTC) spot reserves in exchanges have been falling since the bullish market started back in March 2020. The level of BTC held on the stock exchanges reached the same level as in October 2017.
JPMorgan: Institutions Preferring Bitcoin Over Gold Helped BTC's Market Cap Surpass $1T
JPMorgan has shared a note with clients suggesting that Bitcoin’s recent price rise that saw its total market capitalization surpass the $1 trillion mark was predominantly driven by institutional investors looking for a hedge against inflation and choosing BTC over gold.
The US SEC Has Approved an ETF That Monitors the Performance of Companies Investing in Bitcoin
Just four months after the application, Volt Equity's Volt Bitcoin Revolution ETF received the green light from the US Securities and Exchange Commission. It will present investors option to invest in companies that have invested in BTC, such as MicroStrategy.
BlockFi Jumps Into Bitcoin ETF Race
Cryptocurrency lending platform BlockFi has filed with the U.S. Securities and Exchange Commission to launch a futures-based Bitcoin exchange-traded fund (ETF) in the U.S.
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