The World’s Largest Asset Manager Blackrock Allows Two Of Its Funds To Invest In Cryptocurrency

BlackRock has authorized two of its funds to invest in bitcoin futures, according to filings released Wednesday with the Securities and Exchange Commission. The move allows exposure to cryptocurrencies for clients of the world’s largest asset manager for the first time.The $8.7 trillion asset manager said it could use bitcoin derivatives, among other assets, under…

Bitcoin Moves Closer To Mass Adoption With PayPal Addition

Bitcoin has rallied $1,000 in the last 24 hours after payments platform PayPal (PYPL) announced that it would begin accepting payments in digital currency. PayPal has over 26 million merchant accounts and 345 million users on its platform that will soon be able to buy, hold, and sell Bitcoin. The announcement also stated that Ethereum,…

Institutions Will Enter Crypto Market – Bakkt CEO

As reported by Ethereum World News last week, those familiar with the matter divulged that Adam White, Coinbase Institutional’s head, had unexpectedly left the San Francisco-based startup to join Bakkt, an up and coming crypto platform that has been endorsed by the Intercontinental Exchange (NYSE’s parent company), Microsoft, Starbucks, and a number of leading venture…