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.
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
Rothschild Investment Corp Purchases 265,302 Shares in Grayscale ETH Trust coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Updated Jan 3, 2021 at 8:12 p.m. UTC
Stablecoins, ‘Unsung Heroes’ and Other Institutional Crypto Takeaways
It is clear that crypto is having its institutional moment. The investment decision is moving from speculation to allocation, and we are witnessing the maturation of crypto and digital asset investors in the process. In formalizing a dedicated digital asset investment strategy, institutional investors should assess the landscape thoughtfully with the goal of building an optimally constructed portfolio to achieve their desired investment objectives. Below, we summarize our top 10 takeaways from 2020 for institutional investors, based on our recent report “An Institutional Take on the 2020/2021 Digital Asset Market.”