Week in review: August 27, 2021 - Institutional adoption of crypto mounts

Week in review: Aug 27, 2021 - Institutional adoption of crypto mounts

In this week's newsletter:

  • Galaxy Digital's Mike Novogratz says that digital assets will be a big part of business as widespread adoption increases.
  • Morgan Stanley funds have picked up more shares in Grayscale Bitcoin Trust as instutional adoption of crypto mounts.
  • 6 reasons why Ethereum has intrinsic value.

Read our weekly round up below.

Crypto Seeing a Cultural Shift, Says Galaxy Digital’s Mike Novogratz

CNBC: August 25, 2021

Michael Novogratz, Galaxy Digital CEO, joins “Squawk Box” to discuss the widespread adoption of crypto in recent months and how digital assets are becoming a big part of business.

Morgan Stanley Funds Have Picked Up Over 1 Million Shares In Grayscale Bitcoin Trust As Institutional Adoption of Crypto Mounts

Business Insider: August 26, 2021

Morgan Stanley funds have picked up a hefty chunk of shares in Grayscale Bitcoin Trust as big banks look for ways to expose clients to crypto.

BlackRock Has Almost $400M Invested in Bitcoin Mining Stocks: Report

Coindesk: August 20, 2021

BlackRock, the world's largest asset manager, had nearly $400 million invested in bitcoin mining companies at the end of the second quarter, according to U.S. Securities and Exchange Commission (SEC) filings.

Cuba To Recognize and Regulate Cryptocurrencies

Associated Press: August 27, 2021

Cuba’s government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.

Six Reasons Why Ethereum Has Intrinsic Value

Institutional Investor: August 23, 2021

Ethereum has established itself as the most actively used blockchain network, while its native token, ether, is now the second largest cryptocurrency by both market capitalization and daily volume.

6 Key Things That Happened In Crypto This Past Week

CNBC-Make it: August 23, 2021

Between Visa buying a CryptoPunk non-fungible token, or NFT, for six figures and Twitter and Square CEO Jack Dorsey trying bitcoin mining, here are six things that happened in the crypto space this past week.

British Billionaire’s Family Office to Bet More Money on Crypto

Bitcoin.com: August 27, 2021

The family office of billionaire businessman Simon Nixon, Seek Capital, is planning to invest additional funds into crypto assets, a media report revealed. The decision adds to a trend indicating that the rich increasingly view cryptocurrency as a hedge against inflation and low interest rates.

Bitcoin Topping US$50,000 Stirs Forecast Toward Record High

BNN Bloomberg: August 22, 2021

The family office of billionaire businessman Simon Nixon, Seek Capital, is planning to invest additional funds into crypto assets, a media report revealed. The decision adds to a trend indicating that the rich increasingly view cryptocurrency as a hedge against inflation and low interest rates.

Institutional Grade Digital Assets Trading and Custodian Services built on the foundation of Security, Accessibility, Compliancy and Transparency.

Sign Up For Our Newsletter

ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.