According to research by strategists at leading U.S investment bank JPMorgan Chase, retail investors are flocking to buy Bitcoin from mainstream fintech firms. The report states that retail investors have purchased more than 187,000 Bitcoin this quarter using PayPal and Square. Retail investors are even out-buying institutions, with JPMorgan’s analysts estimating institutions have purchased 173,000 […]
Bitcoin (BTC) Price Prediction – March 16, 2021Today, BTC/USD price retraced to $54,000 low and resumed upward. The brief uptrend was interrupted at the $57,000 [...]
Billionaire investor Mike Novogratz has revealed he believes institutional investors have helped bitcoin’s legitimacy increase over the last few months, and now “line up” to buy every BTC price dip they see. Speaking to CNBC, Novogratz pointed out that a lot of Americans are going to receive stimulus checks worth $1,400 as part of a […]
Wall Street players are scrambling to meet rising demand by offering institutional clients exposure to cryptoassets. Goldman Sachs’ president and chief operating officer John Waldron told Reuters last week that “client demand is rising,“ and rival investment bank JPMorgan has already gained approval to offer a “cryptocurrency exposure basket.” This will give clients access to […]
U.S banking giant JPMorgan is reportedly exploring adding bitcoin and cryptocurrency clearinghouse options to its existing cryptocurrency services. JPMorgan Exploring Crypto Clearinghouse Option U.S news outlet Forbes reported today, that JPMorgan is considering adding new cryptocurrency-based services. It further stated that the bank was exploring focusing on developing a cryptocurrency clearinghouse service. The rising priceRead More
Bitcoin has seen a lot of adoption recently as corporations adopt the leading cryptocurrency. But it’s not just the big guys, but retail is just as much into the trillion-dollar asset. Retail investors have purchased more than 187,000 BTC so far this quarter as compared to roughly 205,000 last quarter, based on PayPal and Square […]
Singapore-based Bank, DBS announced today that it had processed its first financial transaction using the Trusple Blockchain. This makes DBS the first bank to use Trusple blockchain solution to perform a transaction. $40,000 Transaction Processed via Trusple Blockchain According to the report, DBS bank used the Trusple blockchain to conduct a transaction for artificial constructionRead More
According to a JPMorgan report, institutional and retail bitcoin flows balanced throughout the first quarter of 2021. JPMorgan Analysis Details Retail investors accumulated over 187,000 Bitcoins this quarter as a proxy using Square and Paypal data, compared to approximately 205,000 last quarter, strategists, including Nikolaos Panigirtzoglou, in a report on Friday. Meanwhile, over the periodRead More
Retail Bitcoin Buying Grows as Institutional Purchases Drop: JPMorgan | $40 Billion of Stimulus Money Could be Spent on Bitcoin and Stocks | Privacy Messaging App Signal Starts Accepting Crypto Donations