First Public Bitcoin Fund Listed on Toronto Stock Exchange

Canadian fund manager 3iQ has launched what Tyler Winklevoss calls ‘the first public Bitcoin fund listed on a major stock exchange.’ Canadian asset manager 3iQ has become the first firm to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange (TSX), after three years of legal wrangling. ‘The Bitcoin Fund’ listed nearly 1.5 million Class A ‘QBTC.U’ shares on TSX on April 9. The fund’s shares are currently trading for around $11 each. On April 10, entrepreneur and crypto investor Tyler Winklevoss tweeted that The Bitcoin Fund’s…

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Grayscale Ethereum Trust Trading at 515% Premium

Investors looking for a safer way to buy ETH are willing to pay a premium of more than 500% to buy it via Grayscale’s Ethereum Trust. Investors are paying a 515% premium to buy Ether through the Grayscale Ethereum Trust. It costs $90.55 to buy a share in Grayscale Investments’ Ethereum Trust (ETHE), however its Ether holdings per share are currently worth just $16.10. That means it’s five times more expensive to buy Ether via the trust than on the open market. 04/09/20 UPDATE: Net Assets Under Management, Holdings per…

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Block.one Will Vote With Its EOS in Clear Break From Previous Cautiousness

Block.one has decided to use its stake of almost 10% of the EOS network to vote for block producers, which marks a break in its previous relationship with the blockchain. Block.one, the company that developed the backend of the EOS network, is now taking a much more active role in it. Its stake of EOS tokens, previously left unused, will be used to vote for block producers (BP), according to an April 8 announcement. The EOS network runs on EOSIO, a blockchain technology stack that Block.one also sells as an…

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Bitcoin SV Just Finished Its First Halving

Bitcoin Satoshi’s Vision completed its first halving, reducing its block reward to 6.25 BSV. Bitcoin Satoshi’s Vision (BSV) just finished its first halving, roughly two years after forking from Bitcoin Cash (BCH) in 2018.  BSV completed its halving at approximately 01:30 UTC. This event marks the reduction of the coin’s block reward from 12.5 to 6.25 BSV.  Bitcoin forks halve one month before their father chain BSV’s halving comes just a short time after BCH’s halving event on April 8, and approximately one month prior to Bitcoin’s halving.  Bitcoin SV…

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Bitcoin Trading Scam Claims to Involve Prince Harry and Meghan Markle

A Bitcoin trading scam claims the involvement of the Duke and Duchess of Sussex Prince Harry Charles Albert David and his wife Meghan Markle. A Bitcoin (BTC) trading scam has claimed the involvement of the Duke and Duchess of Sussex Prince Harry Charles Albert David and his wife Meghan Markle. According to an April 9 report by the Mirror, the royal couple was featured in a fake BBC article where they praised a Bitcoin trading scheme. The fake news piece claimed that the pair talked during a television show about…

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Top 10 Coins More Correlated Than Ever, but Decoupling From Gold

Since Black Thursday, Bitcoin’s correlation with other cryptocurrencies has reached unprecedented heights, while turning negative with gold. Black Thursday has triggered two new trends in Bitcoin’s relationship with other cryptocurrencies and gold. Historically, cryptocurrencies have been highly correlated with one another, especially the top ones. The correlation between cryptocurrencies and gold has been traditionally weak. Source: Kaiko Two new trends emerge Since Black Thursday, two new trends have emerged: the correlation between Bitcoin (BTC) and the other nine cryptocurrencies has reached unprecedented levels, while the correlation between Bitcoin and gold…

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World’s Top Customer Relations Platform Integrates Commercial Blockchain

The world’s number one customer relationship management platform Salesforce has integrated a commercial blockchain to serve better its clients. The world’s most popular customer relationship management platform Salesforce has integrated Lition’s commercial blockchain technology. Lition is one of the few public/private blockchains currently supported by a major cloud provider, Microsoft Azure. According to Lition, integrating its blockchain will allow Salesforce to leverage data decentralization to make its CRM architecture more secure in the long run. It explained that:  “Building a dependency upon data that is completely centralized creates operational risks.…

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NEM Community in Uproar as Prez Takes 6-Month Paid Sabbatical

NEM Foundation President Alexandra Tinsman announced plans to take a 6-month paid sabbatical amid large-scale restructuring of the coin’s operations. Sections of the NEM (XEM) community were in uproar this week after NEM Foundation President Alexandra Tinsman announced her intention to take a 6-month paid sabbatical.  Tinsman’s decision to step back from the day-to-day running of the foundation was motivated partly by serious health issues, she revealed to Cointelegraph. However, some NEM supporters weren’t sold on the idea of their leader taking a 6-month paid holiday after just over a…

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Chinese Blockchain Project Awards $1M to Third-Party Developers

Nervos Network awarded $1 million dollars from its $30 million fund to several development teams. On April 9, Nervos (CKB), a public blockchain network, awarded $1 million dollars to several teams working on enhancements to its infrastructure. This represents the first of numerous upcoming payouts from the network’s previously announced $30M development fund. $100 M ICO — $30 M development fund In 2018, Nervos completed a successful Initial Coin Offering, or ICO. During this sale, the project raised approximately $100 million. Nervos Network is a two layer blockchain. Its base…

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Bitcoin Mining Hardware Maker Reports $148M Net Loss in 2019

Canaan’s 2019 total net revenue plummeted to nearly $200 million figure. Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The latest unaudited Q4 and 2019 financial results from the China-based company said that its total 2019 net revenue was $204.3 million. This represents approximately half of the $384 million the company generated in 2018. Total net revenue increased in Q4 2019 In the same quarter, the company’s total net…

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