Data showed that 78% of male survey respondents reported being aware of Bitcoin, compared to 71% of females. While that’s surprisingly good, given crypto’s reputation for being male-dominated, the numbers were far worse when it came to actual involvement in the cryptocurrency world. When limiting the sample to respondents who called themselves engaged with Bitcoin, the company found the numbers were 86% male to 14% female.
GameStop is DeFi’s golden moment
When Robinhood shut off its customers in what seemed to be a move to protect its hedge fund masters, the ‘little guy’ focused stock trading app opened the door to crypto’s decentralization
“This was a shot across the bow for institutional investors everywhere,” said Peter Smith, cofounder and CEO of the decade-old cryptocurrency exchange Blockchain.com. “There’s incredible power in decentralized groups of individuals and the future of finance will be built less like Wall Street and more like the internet: by a decentralized group of individuals.”
Hunting Crypto Whales
Forbes’ latest foray into the world of crypto billionaires doesn’t harpoon many
This year Forbes instead aimed to rank those whose crypto holdings were the largest, which is a difficult endeavor. It turns out that most people are not keen to disclose the most intimate details of their financial holdings. While citing only four holders of cryptocurrency recently worth more than $1 billion, Forbes writes, “Along the way, some crypto investors have gotten very rich. At least five have recently crossed into the billionaire ranks, possibly quite a few more.”
Major bank haul: Coinbase, Gemini break into JPMorgan Chase
By taking on the regulator-friendly Coinbase and Gemini as clients, JPMorgan Chase has become the first large bank to knowingly agree to do business with cryptocurrency exchanges in years.
Two major U.S. cryptocurrency exchanges known for aggressively seeking regulatory approval, Coinbase and Gemini, have been accepted as JPMorgan Chase customers, breaking through an important glass ceiling in the financial industry.