Grayscale Hypothesis Report Attributes 75% of Bitcoin Rise to US-China Trade War

provides a trust fund for in digital assets like . It one of the most prominent authorized Trusts for digital currencies in the US. The #dropgold campaign initiated by made a profound impact on the investors. According to ’s recent Performance and Risk Monitor , GBTC – index projects an […]
Source: bitcoinwarrior
Grayscale Hypothesis Report Attributes 75% of Bitcoin Rise to US-China Trade War

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Grayscale Argues BTC Hedges, With US-China Trade War As Case Study

that hedges against global liquidity risks, using its growth alongside US-China trade tensions as a case study


Source: cointelegraph
Grayscale Argues BTC Hedges, With US-China Trade War As Case Study

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Grayscale Argues BTC Hedges, With US-China Trade War As Case Study

Grayscale Argues BTC Hedges, With US-China Trade War As Case Study

This article was originally posted on Cointelegraph – an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen […]
Source: cryptonewsmonitor
Grayscale Argues BTC Hedges, With US-China Trade War As Case Study

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Grayscale’s Bitcoin Investment Trust records a total cumulative return of over 2000%

recorded a mediocre run over the last two months, a period during which the coin’s price plummeted from its yearly high of $13,800 to below $9500. The initial bullish momentum subsided, with stagnation and sideways movement soon taking over the market. Despite this prolonged misery, the virtual asset was still enjoying a lucrative […]
Source: bitcoinwarrior
Grayscale’s Bitcoin Investment Trust records a total cumulative return of over 2000%

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Grayscale Moves $2.7 Billion in Crypto Assets in a Single Day

Grayscale Moves $2.7 Billion in Crypto Assets in a Single Day submitted by /u/BitcoinMafia
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Source: CryptoCurrency
Grayscale Moves .7 Billion in Crypto Assets in a Single Day

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Grayscale’s $2.7 Billion in Crypto Assets Will Now Be Held by Coinbase Custody

I can’t see this being a good thing, what happens if they get hacked or shutdown? And Coinbase has blocked accounts before, who is to say that this will not happen again. Or will this be what drives the masses to crypto? I prefer to hold my own otherwise I could just use a bank. NOT your keys NOT your !

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Source: CryptoCurrency
Grayscale’s .7 Billion in Crypto Assets Will Now Be Held by Coinbase Custody

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Grayscale Investments chooses Coinbase Custody for storage of its crypto-assets

, one of the world’s digital asset management firms, has announced teaming up with Coinbase Custody to manage the underlying assets for a number of products that it offers. Coinbase would provide these services for Grayscale’s single-asset products which have underlying assets in , Litecoin, Cash, Ethereum Classic, Stellar Lumens, XRP […]
Source: bitcoinwarrior
Grayscale Investments chooses Coinbase Custody for storage of its crypto-assets

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Grayscale to Move Almost $3 Billion Worth of BTC, ETH, XRP to Coinbase Custody

Ripple Mobilizes For War As Facebook Unveils Its Cryptocurrency, Libra

The transfer of , Ethereum, XRP, and other digital assets in a single day is about to take place as , LLC, a cryptocurrency manager makes plans to move billions worth of cryptocurrencies to Coinbase Custody.

Grayscale to Move $3 Worth of Crypto to Coinbase Custody

Per the , New York-based Grayscale Investments intends to transfer $3 billion worth of cryptocurrencies including Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and other Grayscale’s family of products. These assets will be moved to Coinbase custody, a standalone platform owned by Coinbase cryptocurrency exchange.

In the same vein, the crypto assets will be transferred in a single day and as such, it represents the highest volume ever moved in the crypto space within 24 hours. Upon their transfer, Coinbase custody will become the custodian of Grayscale’s crypto-assets.

Coinbase Custody is Held in the Same Fiduciary Standards as National Banks

Sam McIngvale, Coinbase Custody chief executive while making comments about the potential move and trying to put people’s mind at ease said Coinbase Custody is “held to the same fiduciary standards as national banks”. Also, the NY State-chartered trust company offers some of the deepest and broadest insurance coverage in the crypto space.

McIngvale also said:

“Grayscale and Coinbase have led the way in providing safe, secure, trustworthy, and regulated access to digital assets. Grayscale is an established, trusted, and valuable partner to its clients and its service providers should be the same.”

Grayscale’s Report Showed $2.5 Billion Under Management

On the other hand, Grayscale had released its “Q2 2019 Grayscale Digital Asset Investment Report” pertaining to the activity and performance of its products between April 1, 2019, and June 30, 2019. According to the report, the company as of July 15, 2019, had approximately $2.5 billion assets under its management.

Grayscale also conducted a survey of 1,100 Americans who fall between the ages of 25 and 64. The crypto asset manager revealed that 36 percent of respondents are willing to invest in Bitcoin. However, issues such as hacks and thefts on exchanges as well as the lack of clear regulations about the crypto space was a hindrance.

Bitcoin, on the other hand, has been the center of attention of late. Google Trends also revealed that the search interest in Bitcoin has been higher than stocks for some months now. Most of this high-level interest in Bitcoin can be attributed to Facebook’s intended launch of its Libra cryptocurrency which has made even the uninitiated aware of crypto assets.

The post Grayscale to Move Almost $3 Billion Worth of BTC, ETH, XRP to Coinbase Custody appeared first on ZyCrypto.


Source: zycrypto
Grayscale to Move Almost Billion Worth of BTC, ETH, XRP to Coinbase Custody

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Grayscale Investments to Make Biggest Transfer in Crypto History

Grayscale

According to Forbes, and cryptocurrency asset manager is about to the biggest transfer in cryptocurrency history.

The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will mark the single-day transfer of cryptocurrency assets ever.

Grayscale Transfers Billions in Cryptocurrency

New York-based Grayscale has announced that Coinbase Custody will serve as custodian on the $3 -worth of underlying assets. The entire transfer will take fewer …

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Source: cryptocurrencynews
Grayscale Investments to Make Biggest Transfer in Crypto History

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Grayscale to Conduct One of Largest Single Day Crypto Transfers

Today, digital asset management fund will transfer nearly $3 worth in cryptocurrency holdings to American major crypto wallet provider and exchange exchange Coinbase.

single crypto transfer?

As Forbes reported on Aug. 2, Grayscale is going to $3 billion worth of its digital currency holdings, including (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and Ripple (XRP), among some other tokens, to Coinbase, wherein Coinbase Custody will serve as custodian of the underlying assets for the company’s products.

Together with its cryptocurrency holdings, Grayscale will transfer its publicly quoted cryptocurrency trusts and its Grayscale Digital Large Cap Fund to Coinbase. The transfer will thus apparently be one of the largest single day transfers of crypto assets ever conducted.

Commenting on the deal, Sam McIngvale, Coinbase Custody chief executive, said:

“As a NY State-chartered trust company, Coinbase Custody is held to the same fiduciary standards as national banks. We also offer some of the broadest and deepest insurance coverage in the crypto industry.”

Hitting new records

In mid-July, Grayscale recorded an all-time high volume of assets under management of $2.7 billion. In such a way, the figure marked a near tripling of assets under management by the company since the preceding quarter.

As previously reported, Grayscale Investments’ Bitcoin Trust was up almost 300% on the year as of July 9. At the time, the trust was yielding a 296% year-to-date appreciation — a stratospheric increase as compared to mainstream investments reflected in the S&P 500 (18.7%) and Global Dow (12.9%) over the same time period.

Coinbase Custody revealed in June that it held $1.3 billion in assets under custody and the firm expected to hit $2 billion AUC soon.

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https://cointelegraph.com/news/grayscale-to--one-of-largest-single-day-crypto-transfers


Source: cryptoassethome
Grayscale to Conduct One of Largest Single Day Crypto Transfers

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