Currency

Winklevoss twins' Gemini buys digital asset platform as the crypto giant eyes wealth management

3 days ago   |   By Business Insider

Morgan Stanley said cryptocurrencies and central bank digital currencies would coexist. SOPA Images/Getty Images
Gemini agreed to buy Bitria, whose tools are used by financial advisors to manage bitcoin and other cryptocurrencies.
The deal marks a push into wealth management for the crypto exchange, which was founded by Tyler and Cameron Winklevoss.
A study cited by Gemini found that 49% of financial advisors said clients asked about cryptoc in the past six months.
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Gemini announced Thursday a deal to acquire Bitria...
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Bitcoin adoption for countries is a 'high stakes' game and more governments will buy the cryptocurrency this year to stay competitive, Fidelity says

3 days ago   |   By Business Insider

Bitcoin and fiat SOPA images More governments and even a central bank could buy bitcoin in 2022, according to Fidelity. The investment firm said a high stakes game theory is at play that could lead to further adoption. "If bitcoin increases, the countries that secure some bitcoin today will be better off competitively than their peers," Fidelity said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. More countries and even a central bank could follow El Salvador's lead and adopt bitcoin as a form of legal tender and add it to its balance sheet, Fidelity said in a...
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