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Over the course of 24 hours, asset management firm Grayscale's net assets under management (AUM) recorded a rapid inflow of $300 million. On October 21st, Grayscale reported its net AUM hit $7 billion, with the Grayscale Bitcoin Trust (GBTC) representing 82.84% of it. A day later on
One of the few macro investors to predict the 2008 Great Recession, Raoul Pal, thinks Bitcoin will act as a "life raft" amid these unprecedented geopolitical and macroeconomic times. How Raoul Pal Found Bitcoin The investor released a 35-minute video on Tuesday outlining why he thinks so. After
Announced on October 23rd, Riccardo Casatta has received a grant of an undisclosed amount by Square Crypto. Square Crypto is the Bitcoin-focused development branch of $80 billion financial technology company Square. Casatta is a Blockstream engineer currently on sabbatical as he intends to work on the Bitcoin Development Kit with
News • Bitcoin • Oct 22, 2020Announced on October 23rd, Riccardo Casatta has received a grant of an undisclosed amount by Square Crypto. Square Crypto is the Bitcoin-focused development branch of $80 billion financial technology company Square. Casatta is a Blockstream engineer currently on sabbatical as he intends to work on the Bitcoin Development Kit with
News • Bitcoin • Oct 22, 2020Over the course of 24 hours, asset management firm Grayscale's net assets under management (AUM) recorded a rapid inflow of $300 million. On October 21st, Grayscale reported its net AUM hit $7 billion, with the Grayscale Bitcoin Trust (GBTC) representing 82.84% of it. A day later on
News • Bitcoin • Oct 22, 2020One of the few macro investors to predict the 2008 Great Recession, Raoul Pal, thinks Bitcoin will act as a "life raft" amid these unprecedented geopolitical and macroeconomic times. How Raoul Pal Found Bitcoin The investor released a 35-minute video on Tuesday outlining why he thinks so. After
News • Bitcoin • Oct 21, 2020Bitcoin's surge past $13,000 has not gone unnoticed by the mainstream media. CNBC brought on Meltem Demirors, CSO of CoinShares, then billionaire Wall Street investor Paul Tudor Jones to talk about the cryptocurrency after the rally. In Tudor Jones' interview on Thursday morning, the hedge fund
News • Bitcoin • Oct 21, 2020Paypal is entering the cryptocurrency space: the firm has announced it will allow account holders in the U.S. to buy, sell, and hold bitcoin in their PayPal wallets over the coming weeks. The payments giant will also enable users to spend bitcoin through its network of 26 million merchants
News • Bitcoin • Oct 20, 2020The Bitcoin Fund (TSX:QBTC.U), an exchange-traded fund (ETF) operated by Canadian digital asset manager 3iQ that trades on the Toronto Stock Exchange, has cracked the $100 million milestone. The Bitcoin Fund currently has 7.51 million stocks outstanding, according to 3iQ. Following its 4.14% increase in the
News • Bitcoin • Oct 20, 2020Bitcoin has broken strongly higher over the past few days after consolidating in the low-$11,000s. The leading cryptocurrency currently trades above $12,000, which has been highlighted by analysts as an important level of technical resistance. It isn't clear what exactly is driving Bitcoin higher in
News • Bitcoin • Oct 19, 2020