. has revealed that it will be adding four new cryptocurrency trusts to its investment portfolio. This announcement was made on, March 6, 2018, and it effectively increases the firm’s cryptocurrency trust portfolio to seven different cryptocurrencies and one diversified portfolio. Grayscale is a subsidiary of the owned by crypto investment pioneer, Barry Silbert. The firm began its journey into the world of investing in crypto assets in 2013 with the launch of the bitcoin Investment Trust. Afterward, the company added and to the portfolios. With this new addition of four more cryptocurrencies, the portfolio has more than doubled.
The New Entrants
The four new that have been added to the Grayscale portfolio are bitcoin Cash, Ripple, Litecoin, and Ethereum. Speaking on the development, Michael Sonnenshein, the managing director of the firm, said that these additional cryptocurrencies are part of Grayscale’s plans to expand its services. He declared that the company wishes to continue in its bid of providing more single-crypto and diversified crypto portfolio investment options. Sonnenshein also spoke about the rate at which the company is moving forward calling it a “meaningful milestone.” In 2017, the firm only had the one investment offering, but now the company can boast of eight different offerings.
With these new entrants, qualified and accredited investors will have the option of putting up equity into Cash, , , and . In a statement released by the investment firm, it was revealed that each cryptocurrency would be operated as a trust. Shares owned by qualified and accredited investors will be locked down for a one-year period. After the temporary hold, the shares can then be resold without any restrictions whatsoever.
A Wider Reach
While the cryptocurrency market is a global market, some preferences are unique to some particular regions and demographics. According to Sonnenshein, some of the newly added cryptocurrencies could help to bolster the firm’s pedigree in different parts of the world. He further went on to say that such a situation helps to widen the reach of Grayscale all over the world. He used as an example stating that the XRP cryptocurrency is quite popular in Japan. In fact, Asia is perhaps the most significant market for XRP as Japanese and South Korean exchanges account for the majority of global Ripple trade transactions.
The Grayscale Portfolio
The total size of the portfolio managed by Grayscale is valued at about $2.1 billion. Apart from these discrete cryptocurrency funds, there is also another pooled investment vehicle that provides access to these cryptocurrencies. This pooled investment vehicle is called the Digital Large Cap Fund, and it is a favorite of institutional traders and well as passive investors who do not fancy the rigors of day trading in the cryptocurrency market. Grayscale was one of ETFs that applied for approval to SEC. The other two were the bitcoin trust and the .
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The surge of new technologies over the past few decades has had a tremendous impact in all areas of life. The internet, for instance, gave us unprecedented levels of communication and informational access. It has fundamentally changed the way we do talk to one another and do business, things that remained nearly unchanged for centuries.
Specific technologies have this effect, things that slowly but surely creep into society. These tend to be rejected at first, but over time the benefits outweigh the doubter’s stubbornness and humanity inches ever forward.
is a veteran of the tech industry and technology strategist at Cisco. They recently sat down with in an interview at Mobile World Congress 2018. In this dialogue, about the blockchain and its potential to shape innovation in a similarly the way internet has shaped communication and why Cisco has thrown so many resources into the niche as of late:
“When the internet was created, what it did over the last 20-25 years is it’s fundamentally democratized access to information. In the blockchain space, with the blockchain technology that’s emerging, what we’re seeing is a dramatic change where blockchain has the ability and is actually democratizing innovation itself. If you look at where innovation is happening within the blockchain stack, it’s at the protocol layers, at the smart contract layers, even at the ledger storage itself, what you’re seeing is a global impact in people’s ability to deliver value into these spaces with technology.”
“There Hasn’t Been the Emergence of A Killer Application…”
Nannra goes on to mention the global innovation that they are looking at through the communities. Where companies are starting up by rallying forces from all over the globe to create platforms that just simply weren’t possible for the advent of this tech built by those who want to see actual change in the world. Though Nannra sees the future the blockchain is heading towards, he thinks there is a lot of work to do still on using the technology properly:
“I think one of the challenges that still exists within the blockchain space is that there hasn’t been the emergence of a killer application and when we started doing our investigation in blockchain and its application in enterprise, we realized that supply chain is an interesting opportunity, an interesting space where there’s significant value that can be extracted…”
The supply chain field is where Nannra’s interest lies for Cisco. Being already one of the most significant supply chain operations currently, he wants to set a new global standard for how things should be operated. By bringing the inherently efficient blockchain tech to the equation, he hopes to do just that in the hopes that it will create for Cisco and other companies within their spectrum.
It’s fair to say that Anoop, as is Cisco, are looking at the current innovations evolving through the blockchain and are highly interested in the way this is going to affect technology as a whole. Cisco is no small name in technology, so be assured they arere not the only ones starting to put their hat in the .
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Am 4. März präsentierte BitRent eine Plattform im Blockchain Development Forum der Trump Card Company in Xiamen, die den Bausektor weltweit neu beleben soll. Chinas beeindruckende Bauprojekte wurden weltweit sowohl respektiert als auch kritisiert. Die jüngsten Nachrichten über die hochverschuldete Chishi-Brücke scheinen langfristige Sorgen über die Zukunft des chinesischen Baus wiederbelebt zu haben. Oft werden…Der Beitrag erschien zuerst auf .