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15
Dec, 2020

News of the Week (7 – 14 December)

1. MassMutual Purchases $100 Million in Bitcoin

Another large purchase from institutional investor, which will create new data in the market

https://bitcoinmagazine.com/articles/massmutual-buys-100-million-worth-of-bitcoin

 

2. New Stablecoin with Euro from German Bank

Bankhaus von der Heydt issues new stablecoin pegged with Euro, based on Stellar network

https://cointelegraph.com/news/euro-stablecoin-launched-on-stellar-by-one-of-europe-s-oldest-banks

 

3. MicroStrategy is Thinking to Raise Money for Buying More Bitcoins

Another $400 Million in Bitcoins will be bought from MicroStrategy, which want to raise another funding round for this scope

https://news.bitcoin.com/microstrategy-plans-a-400-million-capital-raise-to-buy-more-bitcoin/

 

4. Mike Novogratz Holds the 50 % of its Net Worth in Cryptocurrencies

Even though he is a strong believer of crypto philosophy, he advises investors to hold only 5 % of their portfolios in cryptos

https://cointelegraph.com/news/mike-novogratz-has-50-of-net-worth-in-crypto-advocates-up-to-5-for-investors