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Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving


Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC...

Grayscale Buys 33% of All Bitcoin Mined in Last Three Months


Grayscale Investments bought up to 33% of all newly minted bitcoin over the last three months, as the asset manager continues to stockpile major cryptocurrencies. The investment fund added 60,762 BTC to its Bitcoin Trust Fund between February 7 and May 17, a researcher posted on Reddit....

This Miner Buys 1,000 New Antminers as Bitcoin Halving Looms


Antminer S19 Pro. Publicly traded crypto mining company Riot Blockchain, Inc. says it has purchased 1,000 next generation mining machines, as the Bitcoin (BTC) miners brace for the upcoming halving in mining rewards, expected to occur on May 12. The company said it has recently completed a purchase...

Grayscale Buys 50% of All Ethereum Mined in 2020


Digital asset manager Grayscale Investments bought about 50% of all newly mined ethereum so far this year. It now holds the equivalent of 1.1% of ETH in circulation, according to a post on Reddit. Grayscale operates 10 cryptocurrency investment products focused on institutional investors. As...

Fintech Firm With 2m Users Buys Crypto Exchange to Attract Millennials


Dutch fintech company BUX has bought Amsterdam-based social cryptocurrency exchange Blockport for an undisclosed amount in a bid to spark interest from young European investors. BUX says the move will help address “the investing needs of European millennials.” The fintech firm plans to rename...

This is What Happens When Millionaire Bill Pulte Buys 11 Bitcoins


Bill Pulte. Source: a video screenshot, Youtube, CNBC “I recently bought 11 bitcoins,” (USD 79,000) is a sentence many of us would so gladly utter and which Bill Pulte, a Detroit millionaire and grandson of the late founder of U.S. home construction and real estate development giant PulteGroup...

NetEnt Buys Casino Software Provider Red Tiger


NetEnt, a leading provider of online gaming systems, has signed a contract to buy Red Tiger Gaming Limited. This is an all-cash deal that will enable NetEnt to further contrivance its strategy to “create the future of gaming.” Under the terms of the transaction, NetEnt is to make an initial payment...

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