Among the investors surveyed, 12.6% have invested in a crypto asset, while only 12.1% of them held an investment in any precious metal. About one third of those cryptocurrency buyers invested in digital assets for the first time following the March 2020 market crash that came with the beginning of the coronavirus pandemic, the report said. And, half of the new crypto buyers plan to become hodlers, with no intention of selling anytime soon.
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MicroStrategy make $1B BTC buy on top of Square, ETF investments
As Bitcoin crashed, two big corporate buyers doubled down, while investors poured more than a half billion dollars into Canada’s Purpose Bitcoin ETF in just one week
According to a Feb. 24 announcement, MicroStrategy bought 19,452 BTC for its reserves, worth more than $1 billion. With this addition, the company’s holdings reach a total of 90,531 BTC, or $4.46 billion as of press time. The firm’s CEO, Michael Saylor, said that accumulating Bitcoin is now one of its core objectives.
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CEO Alan Lane has sent Silvergate Bank's shares soaring by embracing crypto (Photo: Silvergate Bank)Crypto Bank Silvergate Capital’s stock up over 1,000%
The bank, which went public in November 2019 and serves customers like Coinbase and Square, was up 1,300% before a broad tech market downturn yesterday
Silvergate, one of the first banks to embrace crypto, has been on tear thanks to its decision to accept cryptocurrency customers when no other banks would.
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India's biggest bank is looking at blockchain as the government plans to ban crypto (Photo: Wikipedia)Blockchain and digital currencies advance in Asia
India’s largest bank has joined JPMorgan’s Liink payments project as central banks from China, Thailand, and the United Arab Emirates join Hong Kong’s multinational digital currency project
The State Bank of India, which manages nearly a quarter of the nation’s assets as well as its loan and deposits market, decided to join JPMorgan’s blockchain payments system. Meanwhiles, the State Bank of India, a nationally owned retail bank, will use JPMorgan’s Liink blockchain system to make its cross border-payments faster and cheaper.
