Many in the crypto and digital asset space have been claiming that institutions are moving into this space and are ready to bang down the digital door get access to this asset class.
On the heels of the U.S. Mint's decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030.
Andreessen Horowitz is betting big on cryptocurrency--again. The new vehicle, just closed and focuses on blockchain technology, the database innovation behind cryptocurrencies, totals $515 million.
Andreessen Horowitz is aiming to start a new cryptocurrency investment fund and to get $450 million for that endeavor, even as the global pandemic spooks most investors into conservative standpoints for now.
Singapore is introducing new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licenses for the first time.
When it comes to larger banks, it could be argued that Santander's and Barclays' decisions to drop Coinbase are only the latest piece of evidence to suggest that things aren't getting better-and in fact, that they may be getting even more difficult.
Treasury Secretary Steven Mnuchin said the department will police bitcoin and other cryptocurrencies with "very, very strong" regulations so that they don't become cloaked in secrecy.
Many on Wall Street plan to forgo first mover advantage so that they can prepare for the long game when it comes to cryptocurrencies and digital assets.