Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply

Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin’s current price. According to Michael Novogratz, this figure excludes the 3 million BTC forever lost, who estimates that a supply shortage could occur shortly if institutions keep up their current buying spree. The current list of holders includes MtGox K K,…

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Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services

As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others’) bank?  Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors. Likewise, documents from December indicate that Deutsche Bank is also planning a custody solution, along with trading and token issuance services. However, while both banks are well-established and have experience handling a wide range of assets,…

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Here’s how Eth2, DeFi and Bitcoin price will impact Ethereum’s CME futures

Bitcoin’s (BTC) abysmal December 2017 futures launch quickly fell short of investors expectations and even though the CME BTC market has surpassed $2.5 billion in open interest, the initial launch has reinforced the narrative that this week’s CME ETH futures launch will be equally bearish in the short term.  Prior to the CME BTC futures launch, Bitcoin had already gained 1,900% for the year, a rally which some analysts argue was propelled by the expectation of regulated futures. Now that the CME ETH futures have launched, investors are watching closely…

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Tesla buys BTC, Mastercard supports crypto, DOGE founder speaks out

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin hits all-time highs as Tesla invests $1.5 billion The past week is going to go down as one of the best in Bitcoin’s history. It all began when an SEC filing revealed Tesla has invested $1.5 billion in BTC and planned to start accepting…

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6 Questions for Eden Dhaliwal of Conflux Network – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Eden Dhaliwal, the global managing director at Conflux Network. With 14 years of experience in emerging tech, Dhaliwal specializes in identifying Web 3.0 opportunities and assessing the viability of decentralized business models and crypto assets. Currently, he is spearheading global expansion at Conflux Network, a high-performance, PoW-based, the first state-endorsed public blockchain…

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Linear (LINA) price gains 30% after transition to Binance Smart Chain

This week Linear Finance (LINA) emerged as a viable competitor to Ethereum-based projects in the DeFi sector that find themselves hampered by congestion and high transaction costs.  Data from Cointelegraph Markets and TradingView shows that on Jan.13 LINA was trading for $0.0135 with a 24-hour trading volume of $2.3 million. Since that time its price increased by 750% to an all-time high of $0.10 on Feb.12. LINA/USDT 4-hour chart. Source: TradingView Originally an ERC-20 based project, LINA transitioned to the Binance Smart Chain in mid-January ahead of its mainnet launch…

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Bitcoin price rebounds as Morgan Stanley reportedly considering buying BTC

Morgan Stanley, one of the biggest investment banks in the U.S., is reportedly considering investing in Bitcoin (BTC), according to reports. Bloomberg reported that Morgan Stanley’s $150 billion investing arm called Counterpoint Global could place Bitcoin to “its list of possible bets.” BTC/USDT 1-hour price chart (Binance). Source: TradingView.com Bitcoin begins recovery after the news Hours before the news was released, the price of Bitcoin dropped by nearly 4% from $48,000 to as low as $46,252 on Binance. The price of Bitcoin began to recover when the news broke, rising…

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Social media giants must decentralize the internet… Now!

Big Tech has been in the news a lot over the last decade. Initially, the coverage focused on the new possibilities that were created around communication and information sharing and the benefits that these would bring. New tech networks offered unprecedented tools, offering everything from reuniting families separated by emigration to assisting in the overthrow of autocratic regimes and restoring power to the people.  Next, we heard about the tremendous value Big Tech was creating, bringing billions of dollars to founders and workers, as well as the pension funds that…

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Morgan Stanley to consider Bitcoin for $150 billion investment wing

According to a report from Bloomberg news this morning, Morgan Stanley is the latest major financial institution to consider an investment in Bitcoin.  Citing “people with knowledge of the matter,” the report says that Cointerpoint Global, a subsidiary of Morgan Stanley Investment Management with $150 billion in assets under management, “is exploring whether the cryptocurrency would be a suitable option for its investors.” Morgan Stanley’s website describes Counterpoint Global as a fund specializing in investments “whose market value can increase significantly for underlying fundamental reasons.” The fund is up 72.7%…

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Cardano is soaring, but can ADA gain another 380% to break its record high vs. Bitcoin?

Bitcoin’s (BTC) price has been consolidating in recent days, which kickstarted the rest of the cryptocurrency market. This frequently happens as Bitcoin starts to consolidate, it gives the chance for the rest of the market to catch up. Cardano (ADA) is one such cryptocurrency, which gained 170% in February alone with its price nearing $1 for the first time ever.  Cardano’s BTC pair is showing signs of life ADA/BTC 3-day chart. Source: TradingView However, lots of information can be derived from the BTC chart as it’s just starting to wake…

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