Grayscale, the New York-based investment company, is rapidly approaching the $10 billion Asset Under Management (AUM) mark.
The firm offers accredited investors the ability to invest in share indices, which are backed by cryptoassets. Their most popular product is the Grayscale Bitcoin Trust (GBTC), accounting for more than 80% of the AUM. Continue reading Grayscale Nears $10 Billion AUM
Former Republican congresswoman and current Bitcoin holder Cynthia Lummis has won a seat in the U.S. Senate against Democratic challenger Merav Ben-David. Continue reading Pro-Bitcoin candidate wins Wyoming senate seat
The open interest on Bitcoin (BTC) options contracts has reached a new all-time high at $2.9 billion. Interestingly, this feat happened only five days after the October expiry, which liquidated $400 million worth of options. Continue reading Record $2.9B Bitcoin options open interest follows BTC rally to $14,259
At the current prices, it takes about 107 BTC for an address to become a dollar millionaire. Since this metric is tied to the dollar price of Bitcoin, it tends to fluctuate a lot. For comparison, the number of addresses that contain at least 100 BTC has a much lower volatility. Continue reading There Are Over 13K Bitcoin Addresses Worth $1M
Bitcoin (BTC) has been trading sideways for around a month now and is being outperformed by several other altcoins like Ether (ETH) and Chainlink (LINK). The cryptocurrency also hit the lowest levels of volatility since November 2018. Continue reading Bitcoin Price Will Rise as Investor Demographics Shift