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Articles By business cbw

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Fidelity Investment Wants To Completely Focus On Bitcoin    Submitted as: Pavan A
Investment giant Fidelity, a Boston-based firm has made Bitcoin the main focus in their digital assets division as 90% of its biggest clients are interested in Bitcoin. Christine Sandler, head of sales and marketing for Fidelity in an interview mentioned that its clients are interested in accessing Bitcoin. She explained that institutional interest in Bitcoin has been accelerating like never before.(read entire article)
View : 156 Times
Category : Business

Australian Police Confiscates $8.5m In Bitcoin Used For Drug Trafficking    Submitted as: indrani bose
According to the local media report, an ongoing investigation into online drug trafficking on an infamous dark web marketplace platform,, led the Police in the Australian state of Victoria, to seize more than $6 million, nearly $8.5M in Bitcoin cryptocurrency.(read entire article)
View : 167 Times
Category : Business

Morgan Stanley Makes Larger Investments And Buys Over 1 Million Shares In Greyscale Bitcoin Trust    Submitted as: Greg C. Ryan
As per a filing with the U.S. Securities and Exchange Commission (SEC), Morgan Stanley one of the largest banks in Wall Street holds several shares of the Grayscale Bitcoin Trust (GBTC). The company has opted for Bitcoin exposure through a regulated investment vehicle. Morgan's Insight fund holds the largest number of shares, around 928,051.(read entire article)
View : 148 Times
Category : Business

Microstrategy Buys Additional 3,907 Bitcoins For $177 Million    Submitted as: Greg C. Ryan
According to a Form 8-K filing with the United States Securities and Exchange Commission published on Tuesday, 24th August 2021, Business intelligence company, MicroStrategy, declared about purchasing around 3,907 Bitcoins (BTC) using $177.0 million in cash in between July 1, 2021 and August 23, 2021 which is also the third quarter of the Company's fiscal year to date.(read entire article)
View : 166 Times
Category : Business

Jack Dorsey Wants To Build A Decentralized Exchange For Bitcoin    Submitted as: Greg C. Ryan
In a Friday tweet, Twitter and Square CEO Jack Dorsey announced updating the last month's declaration on the new Bitcoin-centric division called TBD project, that it will be an open-source platform service for decentralized Exchanges (DEX) dedicated to Bitcoin (BTC).(read entire article)
View : 162 Times
Category : Business

To Tackle Cybercrime U.s. Department Of Justice Launched National Cryptocurrency Enforcement Team    Submitted as: Rushali Das
The U.S. Department of Justice announces the creation of a new cryptocurrency enforcement team to tackle financial crime DOJ will frame a crypto enforcement group that will fight the cybercrime and money laundering issues. The group will help to DOJ's ability to strengthen to fight crimes in the crypto sector.(read entire article)
View : 146 Times
Category : Business

For Institutional Investment Managers Us Bank To Offer Bitcoin Custody Services    Submitted as: Rushali Das
The country's Fifth-Largest Bank, U.S. Bank, has introduced custody for Bitcoin Cash, Litecoin, & Bitcoin in partnership with NYDIG on October 6, 2021. The bank is also planning to add support for other coins such as Ethereum in the future. U.S. Bank today announces that it has launched Bitcoin custodial services. Private funds holding Institutional investment managers in the U.S. or the Cayman Islands can now delve into the bank's service to store their private keys.(read entire article)
View : 141 Times
Category : Business

To Scale Gaming Platform Axie Infinity Raising $150 Million Funds In Series B Funding Round    Submitted as: Rushali Das
Axie Infinity, a video game company, raises $150M at $3B valuations in Series B funding round. A16z will lead the funding round forAxie Infinity. Axie Infinity is a play-to-earn video game enabled by blockchain. The Information on Monday reported that it had raised about $150 million in a Series B funding round which makes its tidal valuation $3 billion valuations(read entire article)
View : 145 Times
Category : Business

Publish Trusted Data Onto Leading Blockchains- Associated Press Introduces Chainlink Oracle Node    Submitted as: Pavan A
175-year-old Associated Press (AP), the world's most trusted news agency, will provide economic, sports, and election data to Chainlink, a system that feeds information into blockchains and triggers digital contracts in order to facilitate transactions.(read entire article)
View : 150 Times
Category : Business

Lending Platform Cream Finance Suffered The Loss In Flash Loan Attack    Submitted as: indrani bose
On Wednesday Decentralized finance (DeFi) money market and lending platform Cream Finance which works on the Ethereum network has been hacked losing over $130 million worth of funds.(read entire article)
View : 154 Times
Category : Business

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