Hating Bitclout All the Way to the Bank
Everyone’s favorite social token lightning rod,
Bitclout, keeps attracting money.
The social media meets cryptocurrency project’s operational wallet has received more than
4,188 BTC as of this writing. Much of that money is believed to have been used to purchase the service’s utility token, Bitclout. And money keeps pouring in despite that, currently, it s very difficult to take it out.
Last week, VC fund
Kevyn Allen (o
Gene Simmons (
WMA) as advisors. The fund raised about $5 million in the round in a little more than 24 hours. Bitclout is a social network, similar to Twitter, that also allows users to invest in any other user through their own social token.
JPMorgan Strategists Warn Bitcoin s Momentum Could Collapse
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First Midwest Bank Discloses Grayscale Bitcoin Trust (GBTC) Holdings
First Midwest purchased 7,693 shares of Grayscale Bitcoin Trust, SEC filing shows
Author:
Chicago-area bank
bitcoin exposure to its portfolio, according to an April 15 filing with the
Securities and Exchange Comission (SEC).
First Midwest Bank acquired
$3.8 million on March 31, the regional bank s latest SEC filing shows.
The GBTC was a new acquisition was a new one for First Midwest, and records show likely its first foray into
cryptocurrency exposure. First Midwest did not immediately return a request for comment.
The acquisition represents about one half of one percent of First Midwest s Trust Division s approximately