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Grayscale Records $300M Inflow in a Single Day
Grayscale Records $300M Inflow in a Single Day
News  •  Bitcoin  •  Oct 22, 2020 by Joseph Young

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

Hedge Fund Veteran Explains Why Bitcoin Acts as a "Life Raft"
Hedge Fund Veteran Explains Why Bitcoin Acts as a "Life Raft"
News  •  Bitcoin  •  Oct 21, 2020 by Nick Chong

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

Blockstream Engineer Riccardo Casatta Receives Grant from Square
Blockstream Engineer Riccardo Casatta Receives Grant from Square

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, 2020
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Blockstream Engineer Riccardo Casatta Receives Grant from Square
Blockstream Engineer Riccardo Casatta Receives Grant from Square

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, 2020
Grayscale Records $300M Inflow in a Single Day
Grayscale Records $300M Inflow in a Single Day

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

News  •  Bitcoin  •  Oct 22, 2020
Hedge Fund Veteran Explains Why Bitcoin Acts as a "Life Raft"
Hedge Fund Veteran Explains Why Bitcoin Acts as a "Life Raft"

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

News  •  Bitcoin  •  Oct 21, 2020
Investing in Bitcoin Like Investing in Early Apple or Google: Paul Tudor Jones
Investing in Bitcoin Like Investing in Early Apple or Google: Paul Tudor Jones

Bitcoin'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, 2020
Mode Joins the Ranks of Publicly-Traded Bitcoin Holders
Mode Joins the Ranks of Publicly-Traded Bitcoin Holders

Earlier today, UK fintech firm Mode Global Holdings PLC announced plans to hold 10% of its cash reserves in bitcoin to avoid fiat debasement - making it the first publicly traded UK firm to take a punt on Bitcoin. Mode's move follows in the footsteps of other publicly

News  •  Bitcoin  •  Oct 20, 2020
PayPal to Allow Bitcoin Buying and Selling for Users
PayPal to Allow Bitcoin Buying and Selling for Users

Paypal 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, 2020
Canadian Bitcoin ETF Surpasses $100M
Canadian Bitcoin ETF Surpasses $100M

The 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, 2020
Bitcoin Strongly Outperforms Altcoins Amid Surge to $12,000
Bitcoin Strongly Outperforms Altcoins Amid Surge to $12,000

Bitcoin 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
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