Bitcoin (BTC) has recently seen ample interest from a number of mainstream companies and persons, such as billionaire hedge funder Paul Tudor Jones. This could be the beginning of a new wave of Bitcoin buyers, according to Brian Estes, chief investment officer and managing partner at Off The Chain Capital — an investment firm focused on blockchain and digital assets. "I think eventually all corporate treasuries will have a small amount of their reserves in Bitcoin," Estes told Cointelegraph in an interview. A growing number of companies are looking to Bitcoin as part of their treasury fund equation. Two of …

A recent report from institutional crypto firm Fidelity Digital Assets concluded that Bitcoin (BTC) shows very little price correlation to mainstream financial assets, based on data from the past five years. Over the course of 2020, Bitcoin has gained further adoption into mainstream finance, which logically might impact the asset’s correlation or lack thereof. Has Bitcoin’s correlation changed in 2020? Ria Bhutoria, director of research at Fidelity Digital Assets, told Cointelegraph via email: “Bitcoin has experienced higher positive correlations to other assets over shorter time periods, especially during periods of uncertainty and turbulence, and even prior to 2020.” Amid rising …

Galaxy Digital CEO and multi-millionaire Mike Novogratz recently hopped on CNBC Squawk Box for an interview, detailing the importance of PayPal's Bitcoin launch. "I think that's, in some ways, the shot heard around the world on Wall Street," Novogratz said in an Oct. 23 interview about PayPal's recent news. "PayPal has 346 million accounts," he said, adding: "They're the 30th biggest bank in the U.S. in deposits and all of a sudden every financial institution says, 'Wait a minute, what am I doing?'" PayPal unveiled the addition of Bitcoin, Ethereum, Litecoin and Bitcoin Cash to its network on Oct. 21. …

Cryptocurrency investment is one of the most popular investment tools in Russia, according to a new report. The World Gold Council, a major market development organization for the gold industry, released a report on retail gold insights in Russia on Tuesday. According to the report, cryptocurrency is currently the fifth-most popular investment tool in Russia after savings accounts, foreign currencies, real estate and life insurance. As part of the World Gold Council's rankings of Russian investments made in the past 12 months, cryptocurrency is followed by gold, accounting for 17% and 16%, respectively. The report is based on a survey …

Following a $50 million capital raise and reverse merger, digital finance company Diginex's stock has listed on the Nasdaq exchange under the ticker EQOS. Diginex is "the first Nasdaq-listed company that covers the full virtual currency ecosystem," Diginex CEO Richard Byworth told Cointelegraph in an interview. "I think this is hugely important for the development of the industry. Prior to this, you've pretty much only had exposure to direct crypto assets via ETF-like structures," he said, mentioning products such as those offered by Grayscale. Diginex is the parent of a number of different crypto and blockchain-focused entities, including crypto exchange …

Sensorium Galaxy, a not-yet-released virtual reality platform, has signed famous French DJ David Guetta. The platform hosts its own ERC-20 token, known as SENSO. "In a similar fashion to in-game currencies like Fortnite’s V-Bucks, SENSO is used for all value transactions within the Sensorium Galaxy," Sensorium Corporation's deputy CEO of IR, blockchain and technology, Alex Blagirev, told Cointelegraph. "While that is the first blockchain application in our alternate universe, we’re working on other applications of the distributed ledger technology," Blagirev noted. "One application we’re currently exploring is related to how users will save their profiles on the platform. Unlike with …

This past summer, a Switzerland-based blockchain investment company called CV VC, and a Swiss audit and advisory firm known as PwC, in collaboration with Cointelegraph, put together an in-depth report on the top blockchain companies and what they are up to in their distinct sectors. The report lists eight separate categories. Cointelegraph hosted a previous panel on Sept. 9 discussing blockchain’s impact on the art industry — the first category on the list. Moving down that list, Cointelegraph hosted a second live panel on YouTube on Sept. 22, talking about brokers and banks involvement in the crypto and blockchain space …

A large portion of Bitcoin's (BTC) value lies within its limited 21 million coin supply, which means ownership of a small portion could lead to significant wealth — if mass global adoption occurs. "There is only 0.0027 BTC for the current 7 billion people," trader, Bitcoin evangelist, and Twitter personality Davincij15 said in a Sept. 22 tweet, noting the worlds total population in relation to Bitcoin's total supply. Davincij15 is known for his early Bitcoin commentary, which harkens back to the asset's early days in 2011. "If you HODL 0.28 BTC, and Bitcoin is the world reserve currency you will …

Mainstream business intelligence behemoth MicroStrategy has made a number of headlines in recent days for its initial $250 million Bitcoin (BTC) investment. The company later poured a subsequent $175 million into the asset — a lengthy endeavor totaling almost 100 hours of work. "To acquire 16,796 BTC (disclosed 9/14/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds," MicroStrategy CEO Michael Saylor said in a tweet Friday. Approximately "$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward …

Responding to a tweet from Cameron Winklevoss, co-founder of the Gemini crypto exchange, rock star Gene Simmons said he plans to make Bitcoin (BTC) and Ethereum (ETH) more easily accessible. "It's easier to buy Bitcoin and Ether if you are already in the old system," Winklevoss said in a Sept. 15 tweet, summing up a rather long thread addressing racial bias, crypto and decentralized finance. "If you don't have a bank account, it's hard to get funds into crypto," he noted, adding: "We need to change this." Retweeting the post with a comment on Sept. 15, Simmons, the headline vocalist …

Following the news of Fidelity Investments' Bitcoin (BTC) fund filing, Mike Alfred, CEO of analytics outfit Digital Assets Data, described continued hesitancy in mainstream finance when it comes to Bitcoin. "Many in the traditional financial services/asset management/wealth management verticals remain deeply skeptical of Bitcoin and the ecosystem," Alfred told Cointelegraph on Sept. 10. "One commenter on my LinkedIn yesterday even called Fidelity's move 'Abby's folly,'" he said, which takes a shot at Fidelity CEO Abigail Johnson in reference to her activities and position as an early Bitcoin adopter. A mainstream financial services entity, Fidelity, with its daughter company, Fidelity Digital …

The Bitcoin Association of Hong Kong, a major local alliance promoting crypto awareness and education, is launching the “Bitcoin Tram” ad campaign in Hong Kong; one of the world’s main global financial centres. According to a Sept. 11 announcement, the new ad campaign composes three double-decker trams fully covered with Bitcoin logos and ads alongside 20 similarly-designed billboards across the city. Hong Kong’s Bitcoin Association said in the announcement that the “educational campaign” was initiated by the Hong Kong Bitcoin community and is coordinated by the association. The campaign is financed with donations from the community, the non-profit added. A …