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Bitcoin—not gold—is the new inflation hedge, says JPMorgan
October 08, 2021 – Bitcoin has seen large fluctuations this year, but that doesn’t seem to be bothering investors. According to JPMorgan’s Thursday note, “Institutional investors appear to be returning to Bitcoin, perhaps seeing it as a better inflation hedge than gold.” Read the report here. |
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ConsenSys Holds Funding Round Talks With $3B Valuation
October 11, 2021 – ConsenSys, a blockchain software company that develops and invests in Ethereum-based projects, is in talks about a funding round that would value the Brooklyn, New York-based company at $3 billion, according to three people familiar with the discussions. Read the report here. |
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Institutional Crypto Products Eye Record AUM as Investors Pile into Bitcoin
October 11, 2021 – According to CoinShares’ report, more than $226 million in capital flowed to institutional Bitcoin products this past week. Bitcoin products dominated inflows for the third consecutive week, posting a week-over-week increase of 227%. Read the report here. |
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Trading Data Suggests Retail Traders aren’t behind Bitcoin’s Recent Rally
October 12, 2021 – “More interesting, however, is the fact that crypto exchanges continue to be the notable outlier, as the only category net selling overall, implying that this move may be driven primarily by institutional money, with retail on the sidelines,” said the market making firm B2C2. Read the report here. |
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Canadian Regulation and the Taming of Crypto
October 12, 2021 – This time last year, there was essentially no regulated crypto activity in Canada. Over the past 12 months, the Ontario Securities Commission (OSC) has approved several ETFs that invest in crypto and two trading platforms have been brought into the regulatory tent, with numerous others in discussions to follow them. Read the report here. |
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Bitcoin’s Record High is Within Sight after Sharp Recent Rally
October 12, 2021 – Bitcoin is flirting with a run toward its all-time high after jumping more than 90 per cent since a low in July. “Record highs for Bitcoin are possible, maybe at around US$80,000 to US$85,000 based on chart patterns”, said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore. Read the report here. |
