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NYDIG CEO Says Cash Is No Longer Asset but Liability, Bullish on Bitcoin May 25 2021 · 12:17 UTC by Ibukun Ogundare · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. According to the NYDIG CEO, cash being a liability has fueled companies’ decisions to adopt Bitcoin as their treasury reserve asset. NYDIG CEO Ross Stevens is bullish on Bitcoin, saying that cash is no longer an asset but a liability. The founder and executive chairman of NYDIG talked about how Bitcoin is lifelong financial security in a recent interview with MacroMinds. According to him, the crypto giant is an unconventional way to escape poverty. ....
by Tyler Durden Thursday, May 20, 2021 - 09:00 PM Blink and you missed the biggest crypto crash since last March: having plunged as much as 40% on Wednesday, bitcoin is up 40% on Thursday almost wiping out all its previous day s jarring losses, with ether up more than 50% off its lows. Which is good news not only for Tom Brady who BTFD, but for UPenn which according to Bloomberg was set to announce it received its largest ever donation in a cryptocurrency $5 million in Bitcoin to support the activities of a research center at its Wharton school of business. Naturally, the donation which was anonymous, would have been much worse had bitcoin failed to rebound. ....
Philadelphia (PRWEB) May 20, 2021 The University of Pennsylvania(“the University,” “Penn”) is delighted to announce a new anonymous gift of $5 million in ....
Penn receives $5m cryptocurrency gift, largest in University’s history The landmark commitment will support the growth of programs within the Stevens Center for Innovation in Finance at the Wharton School. The University of Pennsylvania is delighted to announce a new anonymous gift of $5 million in the form of Bitcoin the largest cryptocurrency gift the University has ever received. Facilitated by NYDIG, an industry leader in providing Bitcoin technology and financial services, the landmark commitment will support the growth of programs within the Stevens Center for Innovation in Finance at the Wharton School. “As the nature of philanthropy continues to evolve, Penn stands at the forefront of innovative ways to make a difference in the world,” said Penn President Amy Gutmann. “I am deeply grateful for this creative and groundbreaking gift to support the important work of the Stevens Center. At the Center, the intersection of finance a ....
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