Dec 14, 2020 07:17 GMTCrypto News
Institutions are likely to continue buying Bitcoin in the coming years, as adoption becomes mainstream.
Bitcoin is holding above $19,000 after another rejection from $19,500.
Institutions worldwide have been increasing their uptake of Bitcoin, suggesting that adoption is currently on the express lane. According to JPMorgan Chase & Co, this demand could keep rising in the coming years.
Massachusetts Mutual Life Insurance Company purchases $100 million of BTC.
JP Morgan narrowed down on Bitcoin’s growing demand after the Massachusetts Mutual Life Insurance Co. bought Bitcoin worth $100 million. The institutions buying Bitcoin have expanded from family offices and high net worth individuals to insurance firms and pension funds. According to Strategists at JPMorgan:
NanoVMs Launches Investment Round On StartEngine
NanoVMs, the unikernel infrastructurecompany that runs software faster andsafer than Linux has launched aninvesting campaign with StartEngine.The startup has already raised over .
Wallet Factory and Belize Bank to build a mobile payment platform and digital wallet in Belize
Wallet Factory and Belize Bank tobuild a mobile payment platform anddigital wallet in Belize March 29,2021 – Wallet Factory, an .
Provider of SaaS for Financial Institutions Fininbox Doubled Revenue in 2020
March 11th, 2021. According to AntonZujev, Head of Business Developmentand Sales at Fininbox, the doublingof revenue even during the pandemic .
BuildStream launches investment round on Republic
YC Funded BuildStream LaunchesInvestment Campaign for Supply ChainQuality Inspection Marketplace App,Raising $1M From Users and the Crowd.NEW YORK, Feb 21, 2021 .
MassMutual Set to Acquire Fintech Platform Flourish
Massachusetts Mutual Life Insurance Company (MassMutual) announced on Monday it has entered into a definitive agreement with
Stone Ridge Asset Management, an asset manager, to acquire
Flourish, a fintech platform for RIAs.
According to the duo, Flourish provides digitally enabled products and services to RIAs through various modules, including an established cash management offering, Flourish Cash. Flourish Cash is offered through Stone Ridge Securities LLC, Stone Ridge’s registered broker-dealer, which MassMutual will acquire pending regulatory approval.
“Today, Flourish services more than 350 RIAs representing more than $600 billion of AUM and is well positioned to seamlessly deliver additional, valuable services to RIAs and their clients. After the acquisition, Flourish will continue to serve RIAs, operating independently from MassMutual’s existing insurance and wealth management business. The team will focus on del
MassMutual to buy cash management platform Flourish investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Argus’ Jacob Kilstein reiterated a Buy rating on Metlife Inc (NYSE: MET), while lowering the price target from $62 to $54. “Our rating reflects the stock’s attractive valuation, as well as the company’s global initiatives and efforts to return cash to shareholders,. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: