Online payments giant PayPal invests in blockchain infrastructure platform Paxos, helping it increase its total funding to $240 million.

CEO Abigail Johnson discussed the effort Fidelity is putting into leading the future of digital currencies, highlighting the “tremendous pipeline” of its crypto business.

Grayscale Investment, an institutional-grade crypto investing and management company, has announced a record $13 billion in assets under management (AUM), driven by a recent surge of institutional interest in bitcoin and the cryptocurrency market.

Multi-currency crypto wallet Lumi has added Apple Pay as a payment method, opening access to an alternative purchase option for hundreds of thousands of users around the world.

MassMutual’s bitcoin purchases represent another milestone in crypto adoption by institutional investors, opening the door for other insurance companies and pension funds to follow the company’s example.

While the eventual approval of a bitcoin ETF seems to be inevitable as the market matures, there are other investment vehicles currently—or soon-to-be—available to investors while they wait.

The DBS Digital Exchange is 10% owned by Singapore’s SGX stock exchange and will provide tokenization of securities and other assets, as well as bank-grade custody for digital assets.

Business intelligence software company MicroStrategy announced its notes are being offered in a private placement to qualified institutions and are expected to close on December 12.

An SEC filing on Friday indicates that the next Wall Street institution to take a public position in bitcoin may also be among the largest yet: the $275 billion financial services firm Guggenheim Partners.

Although the first wave of crypto adopters tried their best to use Bitcoin (BTC) as cryptocurrency in their daily shopping, it seems the fate of Bitcoin is that of digital gold.

Paul Tudor Jones, the billionaire investor turned Bitcoin evangelist, today said that the “path forward from here is north” for the crypto.

CoinShares chair Danny Masters told CNBC the financial landscape has changed to the point where not having exposure to bitcoin could be a riskier move for portfolio managers than investing in it.

Facebook made waves in 2019 when it announced its goal of launching a unique stablecoin known as ‘Libra’. But Facebook and the Libra Association announced a series of updates... including a full product rebrand.

Niall Ferguson, economic historian, said Biden’s administration should consider bitcoin as an alternative to a “Chinese-style digital dollar.”

Saudi Central Bank (SAMA) and the UAE's central bank jointly published a report to show the key benefits of a central bank-digital currency.

According to one of the persons, the first stablecoin would be dollar-backed, while other planned single-currency and multi-currency stablecoins would be launched later.

The institutional fund in particular appears to capture high-rollers’ spiking interest in bitcoin.

Christine Sadler, a Fidelity executive, said factors such as COVID and more productive regulation have made 2020 a defining year for bitcoin adoption.