GBTC now trading 60% higher than the underlying asset, bitcoin

The Bitcoin Investment Trust (BIT) enables investors to gain exposure to the price movement of bitcoin through a traditional investment vehicle, without the challenges of buying, storing, and safekeeping bitcoins.

GBTC is the publicly quoted symbol for shares of the BIT, “an open-ended trust that is invested exclusively in bitcoin,” and sponsored by Grayscale Investments. The Trust was formed late in 2013, and qualified for public trading on the OTCQX market early in 2015.

The African Mobile Revolution

Last week I chaired the inaugural Dot Finance Live conference in Nairobi, Kenya.  It is Africa’s premier FinTech event, drawing people from all over the countries of sub-Sahara Africa.  What struck me as I listened to lots of keynotes about mobile innovation and mobile financial inclusion, is that Africa is actually leading the world in financial innovation.  This is because Africa is a continent where the majority of people were previously excluded from financial service.

BitcoinAverage: Craig Wright Can’t Keep Bitcoin Down For Long

BitcoinAverage

BitcoinAverage (May 9, 2016) — The unraveling of the supposed mysterious inventor of Bitcoin, Satoshi Nakamoto, made headlines this week across mainstream media outlets. Yet, despite the potential implications of the identity of Satoshi, who owns 7% holdings of the total BTC supply, the price held steady, only selling off a measly 4.6%. This article […]

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Economist Detained for Doing Math on an Airplane

An economics professor was detained when he was spotted doing math on an airplane: On Thursday evening, a 40-year-old man ­– with dark, curly hair, olive skin and an exotic foreign accent –­ boarded a plane. It was a regional jet making a short, uneventful hop from Philadelphia to nearby Syracuse. Or so dozens of unsuspecting passengers thought. The curly-haired…

Economist Detained for Doing Math on an Airplane

An economics professor was detained when he was spotted doing math on an airplane: On Thursday evening, a 40-year-old man ­– with dark, curly hair, olive skin and an exotic foreign accent –­ boarded a plane. It was a regional jet making a short, uneventful hop from Philadelphia to nearby Syracuse. Or so dozens of unsuspecting passengers thought. The curly-haired…

Industry Report: Liberty Leads to Imprisonment, Wright Steps Away

Bitcoin Industry Report

Eager to catch up on the latest digital currency news? A Liberty Reserve head honcho will now serve time behind bars, and Dr. Craig Wright is backing away from claims that he’s the real Satoshi Nakamoto. These are only some of the stories you might have missed, so take a gander and get the latest […]

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