NYDIG
Bitcoin Investment Firm NYDIG Raised $720M for Digital Asset Fund, CEO Gutmann Departs
Bitcoin investment company NYDIG raised $720 million for its institutional digital asset fund a few days before its CEO Robert Gutmann said he was leaving the company. NYDIG raised the funds from 59 investors at an average contribution of $12 million, the firm said in a filing with the U.S. Securities and Exchange Commission (SEC) last week.
Fidelity Will Offer Bitcoin Inclusion in its 401(k) Accounts
U.S.-based financial services firm Fidelity Investments will allow investors to put bitcoin (BTC) into their 401(k) retirement savings accounts later this year, bringing crypto exposure to traditional investors. “The Hash” group discusses the impact this could have on crypto-native firms like NYDIG and Coinbase, bitcoin’s use case as an inflation hedge and best practices for investing in crypto.
Bitcoin Dominance Rising as Russia-Ukraine War Creates Market Uncertainty
"All About Bitcoin" host Christine Lee presents data from institutional bitcoin broker NYDIG illustrating that bitcoin dominance has risen as high as 44% amid recent market volatility with Russia’s ongoing war in Ukraine. Plus, a look into the yield curve inversion and Goldman Sachs' warning of a recession next year.
Visions Federal Credit Union Launches Bitcoin Services Through NYDIG Partnership
Joining “First Mover” to explain their ambition to increase bitcoin accessibility for Americans is NYDIG Chief Innovation Officer Patrick Sells and Visions Federal Credit Union Chief Digital Officer Tom Novak.
Bitcoin's Latest Pullback Ranks 6th in Its Worst Drawdowns
Bitcoin is recovering from Monday's low of about $33,000, which represented a severing of more than half of its November all-time high value of $69,000. The 52% decline from the peak thus far ranks sixth in bitcoin's history of worst drawdowns, but this retreat could continue to grow larger, according to data from NYDIG. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Institutional Bitcoin Broker NYDIG Valued at $7B After Whopping $1B Funding Round
NYDIG, which offers bitcoin trading and custody, has raised $1 billion that will value the firm at over $7 billion. “The Hash” hosts discuss what could be the largest funding round in crypto history as NYDIG moves to expand bitcoin’s reach into every industry potentially.
Houston Firefighters Pension Fund Becomes First US Pension Fund to Invest in Bitcoin, Ether
A pension fund for firefighters in Houston has made a purchase in bitcoin and ether facilitated by bitcoin investment firm NYDIG. The Houston Firefighters’ Relief and Retirement Fund’s (HFRRF) purchase marks the first time a public pension plan in the U.S. has announced an investment in digital assets.
JPMorgan Launches In-House Bitcoin Fund for Private Bank Clients
Mega-bank JPMorgan has started pitching an in-house bitcoin fund to its Private Bank clients in partnership with NYDIG for the first time this week.
What’s Next After Bitcoin Hit With Worst Q2 Price Drop?
Bitcoin registers its worst second-quarter performance since 2018 and remains rangebound heading into the weekend. CoinDesk’s Christie Harkin and Brad Keoun discuss the week’s top stories moving the crypto markets: the reported death of billionaire bitcoin advocate Mircea Popescu and NYDIG bringing crypto purchases to 650 banks with NCR.
Banks Want In on Bitcoin: NYDIG, NCR to Bring Crypto Purchases to 650 U.S. Banks
Digital asset firm NYDIG is joining forces with enterprise payments giant NCR to offer bitcoin buying and selling services to some 24 million customers at 650 U.S. banks and credit unions. "The Hash" hosts react to the news as a move to further accessibility and mainstream adoption of crypto.
