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Coinbase Sees More Institutional Investors Buying Bitcoin in H1

Coinbase says more institutional investors are now using its platform to build direct positions in the cryptocurrency market. Crypto fund managers are now getting more backing from institutional investors that see the crypto market as an alternative investment strategy. In a report, the exchange says it observed a “noticeable uptick in institutional business’s growth” in the first half of the year. According to Coinbase, the “greater visibility of reputable investors warming up to digital assets” is also helping to fuel growing “confidence among this community.” In May, a hedge fund, Tudor Investment Corporation, disclosed it had taken positions in bitcoin.…

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New Coronavirus Relief Package Proposed With Second Round of Stimulus Checks for Americans

Republicans have proposed a new coronavirus relief package with a second round of stimulus check payments, a draft summary of the proposal confirms. According to Treasury Secretary Steven Mnuchin, the new package will be the “exact same proposal as last time.” New Covid-19 Relief Proposal As lawmakers debate over a new coronavirus relief aid package, Americans are eager to know if they will receive another round of direct payments. According to a draft proposal obtained by The New York Times on Thursday, there will be a second round of stimulus checks. Stimulus payments “will be included, but the amount of…

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