Kakao to Record Private Securities on Its Own Blockchain as NFTs
South Korean internet giant Kakao’s blockchain arm Ground X is now storing and verifying unlisted investments as nonfungible tokens (NFTs) on its public blockchain. Unlisted…
Articles by BusinessPrime Admin
Japan’s SBI Investing ‘Eight-Figure’ Sum in Swiss Crypto Bank Sygnum
SBI Holdings, a Japanese financial services firm, is to lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum. Sygnum, which holds a…
Most Finance Chiefs Still Balk at Bitcoin on the Balance Sheet: Survey
Bitcoin’s march onto corporate balance sheets could be hampered by the crypto’s legendary volatility, according to a survey by Gartner released Tuesday that found only…
Market Wrap: Bitcoin Remains Around $48.5K Amid Flat Trading Activity
Bitcoin faced choppy markets for most of Tuesday after briefly trading above $50,000 for the first time during early U.S. trading hours. With some remaining…
Bitcoin Mining Farms in Texas Offline From Winter Storm
Bitcoin mining farms in Texas have gone offline because of a massive winter storm that drained the state’s power grid. While some mining farms have…
State of Crypto: Will 2021 Finally Be the Year of the Bitcoin ETF?
There’s been renewed interest in bitcoin exchange-traded funds (ETFs) with the nomination of Gary Gensler to head the Securities and Exchange Commission and the approval…
‘Long Tech’ Retakes Most-Crowded Trade Crown from Bitcoin: Bank of America Survey
A bullish bet on technology stocks, or “long tech,” has reclaimed the title of most-crowded trade in the financial markets, according to Bank of America’s…
Bitcoin Recovers From Dip to Set New Record High Close to $50K
Bitcoin printed new lifetime highs near $50,000 this morning, having crowded out excess bullish leverage in the derivatives market with a swift price drop on…
Market Wrap: Crypto Market Cap Breaks $1.5T as Buyers Show Up for the Dip
Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00…
The Mainstream Media Narrative Shifts as Deutsche Bank and Morgan Stanley Come to Bitcoin
As another wave of major financial institutions announce bitcoin plans, it’s getting harder for the MSM to simply print the same old FUD. This episode…