Goldman Sachs Sees Huge Institutional Demand for Bitcoin — 76% of Clients Say BTC Price Could Reach $100K This Year – Bitcoin News

Global investment bank Goldman Sachs is seeing huge institutional demand for bitcoin with no signs of abating. A survey of Goldman’s institutional clients shows that 61% expect to increase their cryptocurrency holdings. Meanwhile, 76% say the price of bitcoin could reach $100,000 this year. Goldman Sachs Sees No Signs of Institutional Demand for Bitcoin Abating In a podcast published Friday, Mathew McDermott, head of Digital Assets for Goldman Sachs’ Global Markets Division, discusses the cryptocurrency trading environment for institutional investors. He explained that his team conducted a cryptocurrency survey across…

Billionaires Form a Blockchain Advisory Committee for the NBA – Blockchain Bitcoin News

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 for the National Basketball Association The American professional basketball league, the NBA, may incorporate blockchain and crypto solutions into the industry in the near future. Sportico.com contributors Scott Soshnick and Eben Novy-Williams discussed the new…

Bitcoin’s Market Cap is Bigger than JPMorgan, Facebook and Tesla

In brief: Bitcoin is getting harder to ignore as an investment option Bitcoin’s market cap is now greater than JPMorgan, Facebook, VISA and Tesla individually Rich Dad, Poor Dad author continues to recommend Bitcoin as a hedge against possible global financial turmoil Tyler Winklevoss has also reiterated that Bitcoin is the best hedge against incoming inflation Bitcoin is getting harder and harder to ignore. This is according to an analysis done by the team at Ecoinmetrics that pointed out that Bitcoin’s market cap has exceeded that of VISA, JPMorgan, Facebook…

Selling Social Media Posts for $1.5 Million? Blockchain-Certified Tweet Sales Spark NFT Controversy – Bitcoin News

The cryptocurrency community is in a tizzy this weekend after the founder of Twitter, Jack Dorsey, tweeted about a new application that allows people to purchase tweets with ethereum. The application is called Valuables and it allows individuals to purchase a digital certificate of the tweet, which is signed and verified by the tweet’s creator. Tokenized Tweets for Sale Tokenization and non-fungible token (NFT) asset industry have swelled during the last six months and a great number of artists, celebrities, and social luminaries have jumped on the bandwagon. There have…

22% of Investors Say Their Institutions Likely to Trade or Invest in Cryptocurrencies – Finance Bitcoin News

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 Cryptos According to a report, the findings of this latest poll represent fresh evidence that backs the claim that more mainstream institutions are embracing crypto assets. Already, since the start of the year 2021, major…

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

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 for U.S. currency, primarily cash.” Violation of Money Transmission Laws The indictment of Boden and his accomplices comes more than two years after federal law enforcement raided the Michigan-based not-for-profit organization. Immediately after the raid,…

Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on Fraud – Mining Bitcoin News

A major Russian mining firm is facing legal troubles in St. Petersburg, as three individuals are accusing the company of fraud. Cryptouniverse will now face a trial after a city court issued a criminal case order during the week. A District Court Rejected to Launch a Criminal Case Against the Firm in 2020 According to RBC, the St. Petersburg City Court accepted the appeal of three customers of Cryptouniverse — a bitcoin (BTC) and litecoin (LTC) miner founded in 2018 — and considered the case should go before a trial.…

Taraxa Wants to Put Every Informal Transaction on the Record, Unveils Details About the Upcoming TGE – Press release Bitcoin News

press release PRESS RELEASE. The Taraxa Foundation, a non-profit body supervising research and development of the Taraxa project, announced a public sale kicking off on March 4 at 6 PM PST. The token sale follows the launch of Taraxa’s public testnet and the release of a flagship application, with the main purpose of distributing TARA tokens to community members and funding ongoing technology and community development. Participants will be required to provide documentation and verify their eligibility in order to participate. The offer is not being made within the United…

John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges – Bitcoin News

Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy Watson with securities fraud. John McAfee Indicted by US Law Enforcement for Fraud and Money Laundering Tied to Crypto Schemes According to a press release published by the DoJ on March 5, John McAfee has been indicted for a number of charges tied…

‘In Terms of Dollars Bitcoin Is Going to Infinity,’ Says Kraken CEO – Markets and Prices Bitcoin News

While bitcoin prices have been coasting along between $46k to $48k during the last three days a number of proponents are still bullish about the crypto asset’s long-term value. On Thursday, Kraken CEO Jesse Powell said that he thinks bitcoin could easily reach a million-dollar valuation per coin. “When you measure it in terms of dollars, you have to think it’s going to infinity,” Powell insists. Bitcoin to Infinity and Beyond During the last few weeks as bitcoin (BTC) prices saw a climactic rise above the $58k handle a number…