One Of Bitcoin’s Biggest Backers Just Spent $1 Billion Buying More

While bitcoin remains about 15% below its record high from Sunday, a couple of the cryptocurrency’s biggest corporate backers have doubled-down on their bitcoin investments during the recent correction despite concerns over the token’s unshakeable volatility. Business analytics company MicroStrategy said Wednesday morning that it spent slightly more than $1 billion buying about 19,452 bitcoin […]

$8.7 Trillion Asset Manager BlackRock Is Exploring Bitcoin As Institutions Flood Crypto

Rick Rieder, BlackRock’s chief investment officer of global fixed income, told CNBC Wednesday that the investment giant has “started to dabble” in bitcoin—it’s the latest instance of a major financial player dipping its toes into digital assets. Reider did not elaborate on BlackRock’s cryptocurrency strategy, but last month the investment giant filed documents with the […]

Bitcoin Surpasses $15,000 To Reach Fresh 2020 High

Bitcoin prices extended their recent gains today, continuing to rally and breaking through the $15,000 level to hit a new high for this year.The world’s most prominent digital currency reached $15,306.84 at 11:15 a.m. EST on CoinDesk. At this point, the cryptocurrency was up close to 10% over roughly the last 24 hours, additional CoinDesk […]

Rock Bottom Interest Rates Are Driving A Boom In Cryptocurrencies

After a period of time where it seemed like cryptocurrencies and all financial products with a bit of risk were being shelved in favor of low-risk products such as holding cash or government bonds (specifically the US dollar and Treasuries), the actions of the Federal Reserve and other central banks have caused a roarback in […]