Daily Crypto NewsEDITION #261, 13 July 2021

Three arrows hit Grayscale. What?

Hey #Moni Market 🔊

Today, in 1966, the movie How to Steal a Million, starring Audrey Hepburn and Peter O'Toole, was released in the United States. Back then they stole with the bag, now they steal with the gigabyte. Life has gone online: its bright sides as well as its dark ones.

But is that a bad thing? Not at all! After all, there's Digest online! Let's go!

Three Arrows Capital, a crypto fund management firm based in Singapore, has acquired a significant stake in the Grayscale Bitcoin Trust (GBTC), according to a new filing with the U.S. Securities and Exchange Commission (SEC).

The firm filed a schedule 13D disclosure to the SEC on Thursday after accumulating 21,057,237 shares, or 6.26%, of the trust for an amount valued over 20,000 bitcoin (BTC) or around $192 million, according to a filing dated June 10. (Grayscale is a subsidiary of Digital Currency Group, CoinDesk’s parent firm.)

A Schedule 13D form or beneficial ownership report is required when a person or group (firm) acquires more than 5% of any class of a company’s shares. The information must be disclosed to the SEC within a 10-day period from the date of the transaction under current regulations.

So what?

Crypto giants are merging. Twitter Streets whisper that this is a bull signal. Is this true? :)

Fidelity Digital Assets is planning to increase headcount by about 70% as demand for cryptocurrency services from institutional investors remains strong.

The unit of Boston-based asset manager Fidelity Investments Inc. plans to add about 100 workers in technology and operations in Dublin, Boston and Salt Lake City, Tom Jessop, president of Fidelity Digital Assets, said in an interview. The employees will help the business develop new products and expand into cryptocurrencies besides Bitcoin, he said.

Last year “was a real breakthrough year for the space, given the interest in Bitcoin that accelerated when the pandemic started,” Jessop said. Bitcoin hit a record above $63,000 earlier this year, with other cryptocurrencies including Ether also rising to all-time highs before falling by about half in recent weeks. So far, Fidelity Digital offers only custody, trading and other services for Bitcoin.

So what?

The crypto market creates new places. Of course, not all companies will be able to keep those jobs. But even if you get a job at a notional Fidelity and get laid off, you can go far with this knowledge of bitcoin.

Crypto is abundant!

So what?

Attention: Moni Talks is looking for a comment writer for this kind of news. We've said too much already, and we don't want to repeat ourselves.

Let us remind you that on July 18 will unlock 16,240 BTC belonging to the Grayscale Bitcoin Trust (GBTC), worth $530 million.

So what?

Any hacking is a challenge. A challenge to make crypto even more secure. Even better.

Or an excuse to get hurt if your money is stolen. Choose!

Bounty — is a reward, often in project tokens, for completing certain tasks. As a rule, this is an activity in social networks, writing and translating articles, creating video content, memes, and bug reports.

And more you can find in our Glossary!

And you...buy Bitcoin! 😉 (it's a good time!)