Institutional Investors and Whales

ForkLog 17 24.11.2020

Why Bitcoin Is Rising: Fundamental Drivers, Opinions, and Forecasts

The year 2020 proved not only tumultuous but also extraordinarily successful for bitcoin investors. Fueled by global uncertainty, turbulence in financial markets and currency devaluations, the price of the world’s first cryptocurrency approached December 2017 levels.

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ForkLog 7 23.11.2020

Institutional assets under Coinbase Custody rise to $20 billion

The volume of assets held in Coinbase's custody service has risen from $6 billion to $20 billion since April this year. These figures were provided by Coinbase's head of institutional sales, Brett Tejpol.

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ForkLog 32 21.11.2020

Tim Draper, Y Combinator and Pantera Invest in New Exchange

The Globe crypto-derivatives exchange raised $3 million in seed funding with backing from Pantera Capital, Y Combinator, Tim Draper’s Draper Dragon Fund, and Wavemaker Partners.

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ForkLog 7 20.11.2020

Survey: Since the start of 2020, Bitcoin has yielded returns for 72.3% of investors

72.3% of ForkLog users surveyed earned income from cryptocurrency investments in 2020.

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ForkLog 11 19.11.2020

Analysts: 95% of all issued Bitcoins are held by 2% of addresses

Just over 2% of addresses control 95% of the current supply of Bitcoin. Flipside Crypto researchers say centralisation has risen after the rally to new highs at the start of the year, Bloomberg reports.

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ForkLog 6 19.11.2020

Spanish security firm launches cryptocurrency custody service

Spain-based international private security firm Prosegur has launched a service for institutional clients to manage and custody cryptocurrencies.

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ForkLog 11 18.11.2020

Paradigm-led $30 million Fireblocks round

An infrastructure company focused on institutional crypto investors, Fireblocks, raised $30 million in a Series B funding round led by Paradigm.

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ForkLog 21 10.11.2020

Prominent billionaire flags Bitcoin’s edge over gold

Former George Soros Quantum Fund associate, billionaire Stanley Druckenmiller, told CNBC in an interview that he had invested part of the capital under his management in the leading cryptocurrency. He conceded that Bitcoin could prove to be a better store of value than gold.

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ForkLog 7 09.11.2020

JPMorgan: Institutions increasingly view Bitcoin as an alternative to gold

The Grayscale Bitcoin Trust is outpacing gold-backed ETFs in capital inflows thanks to rising demand from institutional investors, according to JPMorgan analysts.

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ForkLog 36 07.11.2020

Institutional Bulletin: Multimillionaires Favor Bitcoin as Crypto Firms Raise $900 Million

The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure and by the growing attention they devote to Bitcoin as an asset class. The most important events of the past weeks are in ForkLog's roundup.

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ForkLog 20 06.11.2020

Grayscale Ethereum Trust assets top $1 billion

The assets of the Grayscale Ethereum Trust under Grayscale Investments surpassed the $1 billion mark.

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ForkLog 7 04.11.2020

Multimillionaire Club Invested in Bitcoin on the Eve of the U.S. Presidential Election

Members of Tiger 21, a club for high-net-worth individuals with assets of at least $100 million, invested in Bitcoin, silver, and gold-mining stocks as a hedge against a Biden victory in the U.S. presidential election. Bloomberg reports.

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