Another Hedge Fund Gets Crypto Exposure via Grayscale’s GBTC

Millennium, the U.S.-based alternative investment management firm, has become the latest hedge fund to get exposed to cryptocurrencies via Grayscale Investments’ bitcoin trust. However, the extent of Millennium’s exposure to the crypto asset has not been disclosed as both Millennium and Grayscale executives have refused to comment. Nevertheless, a report by The Street says two […]

Fidelity Says Bitcoin Adoption Will Keep Accelerating — ‘We’ve Reached a Tipping Point’

Fidelity’s head of digital assets says that bitcoin adoption will continue “at an accelerated pace,” noting that “we’ve reached a tipping point.” He explained that investors are increasingly drawn to bitcoin “Particularly, in an environment where we’ve seen unprecedented monetary and fiscal stimulus from central banks and governments in response to the pandemic.” The Tipping […]

NFT Roundup: A Closer Look at Key Developments Over the Last Week

Another exciting week in the NFT universe has unfolded as Kiwie digitizes graffiti in new collectibles, the original meme makes its way to market, and a new integration between Videocoin and Filecoin supports video-based NFTs. The Fat Monster Meets the Mint Latvian-based art collective Kiwie is bringing its iconic Fat Monster character to the blockchain […]

Spanish Travel Compensation Firm Signs Deal With Domestic Exchange to Reimburse Travelers With Cryptos

Spanish travelers will soon be available to fill out claims for incidents related to airline delays, baggage losses, overbooking, among others, and be compensated with cryptocurrencies. The possibility is now a reality thanks to a partnership between a domestic crypto exchange and an airline platform. Platform Allocated Euros in an Account on the Crypto Exchange […]

GBTC Holder Says Not Enough Being Done to Eliminate Discount on Shares— Proposes an Alternative Solution

A privately-held investment firm from Chicago, Marlton Partners, has urged Grayscale Investments to embrace the modified Dutch auction tender offer for GBTC shares. According to Marlton, such a tender offer “would materially narrow — if not eliminate — the discount to net asset value (NAV).” This, in turn, offers stockholders confidence “in the sponsor’s ability […]

What Made Crypto So Successful Since the Last Bull Run in 2017?

Remember the parabolic rise of bitcoin (BTC) from $1000 to $17000. For cryptocurrency stakeholders, investors, and crypto exchanges alike, 2017 was a phenomenal year because it was not just limited to bitcoin, the positive momentum replicated with Ethereum, ETH ($10 to $788), XRP ($.006 to $.257), and other cryptocurrencies. For several new cryptocurrencies like BNB, […]