Category: BTC

A Crypto-Infused Professional Sports League: Billionaires Form a Blockchain Advisory Committee for the NBA

A number of National Basketball Association (NBA) team owners have formed an NBA blockchain advisory committee for the American professional basketball league. The advisory committee is composed of well known billionaires and blockchain advocates who own the teams the Nets, Mavs, Wizards, Celtics, Kings, and Jazz. Billionaire NBA Team Owners Invoke a Blockchain Advisory Committee […]

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JP Morgan Poll: 22% of Investors Say Their Institutions Likely to Trade or Invest in Cryptocurrencies

A recent JP Morgan poll found that 22% of the respondents said their respective organizations were likely to trade or to invest in cryptocurrencies. This figure (22%) is double the percentage of respondents (11%) who said yes when asked if their respective organizations were already trading or were invested in cryptocurrencies. The Institutional Embrace of […]

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Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business

A U.S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. According to the indictment documents, it was Christopher Allan Boden then president of the Geek Group, who “sold bitcoin to numerous customers, in exchange […]

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Demand for bitcoin exists across Goldman Sachs’ wealth management clientele, says crypto exec

Across the spectrum of clients, from hedge funds to wealthy individuals, Goldman Sachs sees demand for bitcoin, according to Matthew McDermott, the firm’s head of digital assets. During the most recent episode of Exchanges at Goldman Sachs, the UK-based executive described the growing institutional demand the bank has seen. As The Block reported Thursday, the […]

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Bitfury’s bitcoin mining unit plans to list in the US via SPAC merger

Cipher Mining Technologies, a newly formed bitcoin mining subsidiary of Bitfury, is planning to list in the U.S. via a merger with a publicly-traded special purpose acquisition company (SPAC). Cipher Mining Technologies has entered into a definitive agreement with the SPAC, Good Works Acquisition Corp, listed on Nasdaq. Upon closing of the merger, which is […]

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JPMorgan tells private wealth clients that bitcoin can be a portfolio diversifier ‘if sized correctly’

JPMorgan Private Bank has distributed an educational deck to clients to help them understand the basics, risks and potential of bitcoin and cryptocurrencies. The deck, obtained by The Block, was prepared in February and distributed last week in Europe and Asia as bitcoin’s price rally has drawn attention from financial institutions and investors.  Overall, the […]

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The Many Facts Pointing to Cypherpunk Len Sassaman Being Satoshi Nakamoto

Satoshi Nakamoto, the creator of Bitcoin, has always been a mysterious character and a great number of sleuths have made it their mission to discover the inventor’s identity. One particular theory was published this month which attempts to tether the well known and now deceased, Len Sassaman to the creation of the first cryptocurrency. Moreover, […]

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