Times are good at Grayscale Investments, which has had the wind at its back lately. The digital asset investment firm just experienced its best quarter ever, as evidenced by a record-setting $254.9 million flowing into its funds in Q3 2019, which is about three times as much as Q2 results of roughly $85 million. Much of the funds are being directed toward bitcoin via the Grayscale Bitcoin Trust, with more than $170 million flooding the flagship fund and setting yet another record for the firm. Grayscale’s trend of attracting institutional capital from the likes of hedge funds persisted, with more than three-quarters of inflows originating from this group. Continue reading Grayscale Reveals Blockbuster Q3. So Why Is Bitcoin Stuck?
Bitcoin tanked in 2018, but the future of cryptocurrencies remains bright because you can’t stop progress. That’s the assessment of Travis Scher, a vice president at crypto investment firm Digital Currency Group. Continue reading Here’s Why Bitcoin’s Future is so Bright: Digital Currency Group Exec
Blockchain technology has taken a lot of flak over its time. Mainly, since Bitcoin took off at the end of last year, and everyone suddenly wanted in on the action. Amidst a whirlwind of ICOs with the most tenuous of use cases, there’s been much discussion of whether blockchain is a “solution looking for a problem.” However, distributed computing itself is at the very heart of how blockchain operates, making distributed computing networks one of the blockchain’s indisputable killer apps. Continue reading Blockchain’s Killer App? The Most Successful Distributed Computing Projects so Far