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Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s … Read more
JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that … Read more
The cryptocurrency bull run has been the most notorious headline highlighted in the last few months, but more figures are being watched beyond bitcoin prices. A new report released by Pricewaterhousecoopers (PWC) revealed that crypto merger and acquisition (M&A) deals skyrocketed in 2020. 2021 Is on Track to Surpass Last Year’s Numbers, PWC Says Quoted … Read more
British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.” A Long Trend of Institutional Bitcoin Adoption Ruffer provided an update … Read more
