In this week’s newsletter:
- Galaxy Digital’s Mike Novogratz says that digital assets will be a big part of business as widespread adoption increases.
- Morgan Stanley funds have picked up more shares in Grayscale Bitcoin Trust as instutional adoption of crypto mounts.
- 6 reasons why Ethereum has intrinsic value.
Read our weekly round up below.
Crypto Seeing a Cultural Shift, Says Galaxy Digital’s Mike Novogratz
CNBC: August 25, 2021
Michael Novogratz, Galaxy Digital CEO, joins “Squawk Box” to discuss the widespread adoption of crypto in recent months and how digital assets are becoming a big part of business.
Morgan Stanley Funds Have Picked Up Over 1 Million Shares In Grayscale Bitcoin Trust As Institutional Adoption of Crypto Mounts
Business Insider: August 26, 2021
Morgan Stanley funds have picked up a hefty chunk of shares in Grayscale Bitcoin Trust as big banks look for ways to expose clients to crypto.
BlackRock Has Almost $400M Invested in Bitcoin Mining Stocks: Report
Coindesk: August 20, 2021
BlackRock, the world’s largest asset manager, had nearly $400 million invested in bitcoin mining companies at the end of the second quarter, according to U.S. Securities and Exchange Commission (SEC) filings.
Cuba To Recognize and Regulate Cryptocurrencies
Associated Press: August 27, 2021
Cuba’s government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
Six Reasons Why Ethereum Has Intrinsic Value
Institutional Investor: August 23, 2021
Ethereum has established itself as the most actively used blockchain network, while its native token, ether, is now the second largest cryptocurrency by both market capitalization and daily volume.
6 Key Things That Happened In Crypto This Past Week
CNBC-Make it: August 23, 2021
Between Visa buying a CryptoPunk non-fungible token, or NFT, for six figures and Twitter and Square CEO Jack Dorsey trying bitcoin mining, here are six things that happened in the crypto space this past week.
British Billionaire’s Family Office to Bet More Money on Crypto
Bitcoin.com: August 27, 2021
The family office of billionaire businessman Simon Nixon, Seek Capital, is planning to invest additional funds into crypto assets, a media report revealed. The decision adds to a trend indicating that the rich increasingly view cryptocurrency as a hedge against inflation and low interest rates.
Bitcoin Topping US$50,000 Stirs Forecast Toward Record High
BNN Bloomberg: August 22, 2021
The family office of billionaire businessman Simon Nixon, Seek Capital, is planning to invest additional funds into crypto assets, a media report revealed. The decision adds to a trend indicating that the rich increasingly view cryptocurrency as a hedge against inflation and low interest rates.
