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Grayscale's 33% GBTC Premium Signals “Outrageous” Institutional Demand For Bitcoin, says Willy Woo

Grayscale Bitcoin Trust’s (GBTC) premium on Bitcoin has risen to 33%, indicating “outrageous demand” for Bitcoin from institutional investors as the Bitcoin price consolidates below $23,000. As the Bitcoin price rallied yesterday, the premium on GBTC shares rose to over 33%, drawing the criticism of Bitcoin critic Peter Schiff on Twitter, while on-chain analyst Willy … Continue reading Grayscale's 33% GBTC Premium Signals “Outrageous” Institutional Demand For Bitcoin, says Willy Woo

Grayscale AUM up $3.4 Billion in a Week, $500 Million in a Day, GBTC 33% Premium Shows High Bitcoin Demand

Institutional-grade digital asset manager, Grayscale Investments is up $3.4 billion in assets under management (AUM) over the last week, bringing its total AUM to $16.4 billion.  On Dec. 15, Grayscale announced in a tweet that the digital asset manager was holding around $13 billion in AUM. Just a week later, Grayscale has announced an incredible … Continue reading Grayscale AUM up $3.4 Billion in a Week, $500 Million in a Day, GBTC 33% Premium Shows High Bitcoin Demand

Millennium Management Hedge Fund Gains Exposure to Bitcoin through Grayscale

Millennium Management, a hedge fund with a diverse portfolio and about $48.3 billion assets under management (AUM), has reportedly gained exposure to Bitcoin (BTC) through Grayscale Bitcoin Trust (GBTC). According to The Street, who cited two people familiar with the matter, Millennium Management threw its weight on the GBTC with dabbles on arbitrage trading and … Continue reading Millennium Management Hedge Fund Gains Exposure to Bitcoin through Grayscale

Luxury Miami Condominium Arte Now Accepts Bitcoin and Ethereum as a Form of Payment

Arte by Antonio Citterio, a high-end luxury condominium located in Miami,  announced that it will now accept cryptocurrency as a payment method for new residential developments and purchases of exclusive condos. The Arte, the most exclusive boutique condo in Miami’s Surfside neighbourhood, is also home to many celebrities such as Ivanka Trump and fashion blogger Arielle Charnas. Among the luxury homes offered … Continue reading Luxury Miami Condominium Arte Now Accepts Bitcoin and Ethereum as a Form of Payment

Wells Fargo Offers Crypto Funds Options for Premium Clients

Wells Fargo & Company (NYSE: WFC) announced Wednesday that it would establish professionally managed crypto funds for its premium clients.  In the report titled “The Investment Rationale for Cryptocurrencies”, the US bank said that its wholly-owned subsidiary – The Wells Fargo Investment Institutes (WFII) – stated that the risk associated with cryptocurrency implied that it would favour … Continue reading Wells Fargo Offers Crypto Funds Options for Premium Clients

Teucrium Trading Submits Bitcoin Futures ETF Application to SEC

ETF provider Teucrium Trading submitted an application Thursday for an exchange-traded fund (ETF) for tracking the futures of Bitcoin (BTC) to the US Securities and Exchange Commission (SEC). This Bitcoin futures Exchange Traded Fund (ETF) is a type of security that tracks the overall price of Bitcoin futures contracts and cash and cash equivalents (CCE) … Continue reading Teucrium Trading Submits Bitcoin Futures ETF Application to SEC

Scholar Disagrees BTC as the medium of Legal Tender

Roger Svensson, Associate Professor of the Institute of Industrial Economics, suggests Bitcoin (BTC) is unsuitable as a medium of flat money for international currency. The scholar told the Financial Times Monday. El Salvador President revealed last week that he intends to introduce a bill to legalise BTC as its legal tender to become the first country to accept BTC … Continue reading Scholar Disagrees BTC as the medium of Legal Tender

New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns

The New York Senators are moving to relax the terms of the earlier proposed Bitcoin and cryptocurrency mining ban. According to the bill which has been passed in the Senate, the lawmakers are now looking at halting only mining operations that are reliant on coal-powered sources while the green options will be allowed to thrive. … Continue reading New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns

BNY Mellon's Subsidiary Insight Investment Doubts about Bitcoin as Payment Medium

Despite the Bank of New York Mellon (BNY Mellon) becoming the first global bank that allows customers to hold, transfer, and issue digital currencies, Insight Investment, a subsidiary of BNY Mellon, reveals its sceptical attitude towards Bitcoin as the means of payment. Insight Investment stated that Bitcoin might not suit most institutional investors due to … Continue reading BNY Mellon's Subsidiary Insight Investment Doubts about Bitcoin as Payment Medium

Helium Network Raises $111M through Token HNT Sale, Hitting a Three-month High

The Helium network, supported by Andreessen Horowitz, raised $111 million through the sale of its native token (HNT). HNT token rose by 25.78% within 24 hours, and the price hit a three-month high. The decentralized peer-to-peer (P2P) 5G wireless network received a total of $111 million in financing from venture capital giants such as Andreessen … Continue reading Helium Network Raises $111M through Token HNT Sale, Hitting a Three-month High

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