Several institutions are parking their idle cash on Genesis Capital’s balance sheet, the cryptocurrency lender and trading firm announced in its fourth-quarter earnings report Tuesday.Over the period, the total volume of Genesis’ active loans outstanding increased by 81% to $3.8 billion, while loan originations increased by 46% to...
Guggenheim Partners is a privately owned global investment and advisory firm with headquarters in Chicago and New York. Originally founded by the Guggenheim family back in the late 19th century, the investment firm currently manages over $295 billion in assets and provides a range of insurance, capital markets, and...
Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned.According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as...
Some bitcoin investors appear to be buying in around $30,000 and taking profits at $40,000, according to one analyst. Meanwhile, ether’s spot market is decoupling from bitcoin and gyrating wildly, according to volatility metrics.Bitcoin (BTC) trading around $32,963 as of 21:15 UTC (4:15 p.m. ET). Gaining 3.5% over...
Ether’s latest rally to all-time highs appears to be driven, in part, by the sort of institutional investors who piled into bitcoin in 2020 for its digital gold narrative.More institutional investors are seeing ether as a store of value, according to Coinbase’s annual review for 2020. The crypto...
Janet Yellen is the 78th U.S. Secretary of the Treasury.The former Federal Reserve chair and longtime economist secured enough votes in the Senate on Monday after a confirmation hearing on Jan. 19. Yellen was tapped by President Joe Biden to lead the Treasury Department after winning election last...
The manager of $1.4 billion first bought bitcoin trust shares in 2017.
ARK Investment Management CEO Cathie Wood said she believes more companies will load their balance sheets up with bitcoin.In a Saturday interview with Yahoo Finance, the exchange traded fund (ETF) magnate and outspoken bitcoin advocate said large companies have asked her if they should follow Square. Inc’s lead....
Hawaii is letting more companies play in its no-license-necessary digital currency sandbox.The state reopened applications for Digital Currency Innovation Lab (DCIL) hopefuls on Monday, raising the possibility that yet more crypto exchanges and service providers could soon do business in the historically restrictive-to-crypto islands. State law requires crypto...
The standoff between Russia President Vladimir Putin and his main opponent, Alexey Navalny, rose to a new level last week – and so did bitcoin donations to the dissident. Navalny, a Russian politician and vocal critic of Putin, is also a successful bitcoin fundraiser in Russia, receiving 657...