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Bullish group is majority owned by Block. But traditional institutions may not the cryptocurrency space en masse usecookiesand more investors and billions of.
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Intitutional investors to pump billions intyo cryptocurrency | 56 |
Intitutional investors to pump billions intyo cryptocurrency | In June, El Salvador passed a new law to adopt bitcoin as legal tender, becoming the first country to do so. In a June survey by Fidelity Digital, more than one-third of institutional investors in Europe and the U. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. What could institutional adoption mean? Rug pulls , a type of scam where developers abandon a project and leave with investors' funds, became the "go-to scam" of the DeFi ecosystem, Chainalysis wrote in its report. |
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Intitutional investors to pump billions intyo cryptocurrency | While institutional allocations to crypto have faced myriad roadblocks through the years, the foundation being laid today signals a shift in the winds. Sign up now: Get smarter about your money and career with our weekly newsletter Don't miss: Why this mom quit her job to focus on crypto full time and build 'generational wealth'. Among the many reasons for delayed allocations, institutions may be deterred by the opacity of the regulatory landscape , insufficiently mature market infrastructure, inadequate investment vehicles, and a lack of suitably long track records for these assets. The milestone came after major institutional investors and notable financial companies began to support the cryptocurrency earlier in the year. While a U. This move is part of the merge to Ethereum 2. VIDEO |
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