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Crypto Financial Services Firm Blockfi Launches Competitive Bitcoin Trust


The cryptocurrency financial services firm Blockfi has launched a bitcoin-based trust that offers custody from Fidelity Digital Asset Services. Blockfi’s investment vehicle aims to give investors exposure to the leading crypto asset as bitcoin assets under management (AUM) was over...

Brazilian Banking Boss Says Venezuelans Use Bitcoin & Alts as a ‘Vehicle’


Source: Adobe/SPICA-VEGA PHOTO ART A Brazilian banking association chief said that people are using crypto as a means of getting money out of Venezuela, circumventing American sanctions that have all but frozen Venezuelans out of the international banking system. Per a report from the media outlet...

Grayscale Investments Scooped Up Over 17,000 BTC in the Last Seven Days


During the last seven days, Grayscale Investments purchased 17,100 BTC or $182 million worth of bitcoin using today’s exchange rates. The company’s bitcoin position is now close to 450,000 BTC worth roughly $4.7 billion. The Grayscale Bitcoin Trust (GBTC) is a very popular investment...

NBA Star Spencer Dinwiddie Just Tokenized His Own Contract


The news that Brooklyn Nets star Spencer Dinwiddie was to roll out an Ethereum-based investment vehicle for his own contract took the NBA and crypto communities by surprise. Disregarding an NBA threat to ban him from the professional basketball league, the 26-year-old point guard –...

Grayscale Commences Diversified Large Cap Fund Trading


In February 2018, Grayscale Investments, the sponsor of the Bitcoin Trust (OTCQX: GBTC) announced the Grayscale Digital Large Cap Fund, an investment vehicle that captures a basket of the top digital assets within the cryptoconomy. A year later on November 22, the firm revealed the diversified...

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