NEW YORK, July 17, 2018– Bitcoin price has jumped on the news that BlackRock Inc. has assembled a working group for the blockchain technology and cryptocurrencies. On Monday, BlackRock’s Chief Executive, Larry Fink, said in an interview with Reuters, that the asset-management giant has a working group studying the blockchain and cryptocurrency, but he didn’t expect such high investor demand. According to data from CoinMarketCap, bitcoin, the largest cryptocurrency by market cap, rose 4.58% to USD 6,6676.95 on Monday. Prices of other major cryptocurrencies, such as Ethereum and Bitcoin Cash, also jumped on the news. Recent developments in the market indicates that institutional investors’ involvement in cryptocurrency continued to increase. Just last year, CME Group and the CBOE launched bitcoin futures products. Chineseinvestors.com Inc. (OTC: CIIX), Bitcoin Investment Trust (OTC: GBTC), Overstock.com Inc. (NASDAQ: OSTK), Digatrade Financial Corp. (OTC: DIGAF), Digatrade Financial Corp. (OTC: DIGAF)
According to Reuters, Chris Yoo, a Portfolio Manager at Black Square Capital Management LLC, a hedge fund focused on the crypto space, said: “BlackRock exploring crypto assets comes as no surprise and is definitely a positive development for the crypto market. As the largest asset manager in the world, its interest in crypto assets could be a catalyst for upward price movement and encourage other asset managers, even with more conservative strategies, to seriously explore investing in the crypto space.”
Chineseinvestors.com Inc. (OTCQB: CIIX) just earlier today announced breaking news that, “the official launch of its new cryptocurrency trading courses offered through its newly established Bitcoin Trading Academy LLC.
The Company officially launched the following three-part course offering on July 7th, 2018:
Bitcoin Trading 101: Students are provided with a basic knowledge about Bitcoin including how to open and trade on different cryptocurrency trading platforms, how to set up a cryptocurrency wallet, futures trading strategies, both long and short, how to use Bitcoin Futures to properly hedge one’s Bitcoin portfolio, and how to properly use beginner-friendly trading techniques trading techniques.
Bitcoin Trading 201: The second course in the program focuses on coins such as Ethereum, including coins with significant underlying technology such as EOS, XLM, ADA and NEO, and altcoin trading platforms, such as Binance and Bittrex. In addition, this course will provide instruction on how to use information such as a coin’s underlying utility, current industry and sector news in combination with technical analysis in an effort to maximize returns; and effectively scrutinize and understand social media feeds.
Bitcoin Trading 301: Professional ICO analysts will teach students what to look for when vetting a new cryptocurrency offering, including how to read a white paper, analyze the professional teams and advisory boards associated with an offering, the role that technology, marketing, trends play and what pitfalls to avoid.
“We are pleased with the turn out for the first live course offerings in New York City and we expect even better attendance once the word spreads about this innovative cryptocurrency education opportunity. Courses are also offered online in English and Chinese. In addition, the Company plans to expand its live course offerings to Asia in the coming months,” says ChineseInvestors.com Inc., CEO Warren Wang.
Additional course information will be provided on http://www.bta168.io.”
Bitcoin Investment Trust (OTCQX: GBTC) is a private, open-ended trust that is invested exclusively in bitcoin and derives its value solely from the price of bitcoin. It enables investors to gain exposure to the price movement of bitcoin without the challenge of buying, storing, and safekeeping bitcoins. The BIT’s sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group. The Company recently launched an online resource library for institutional and individual investors. The new website, called “Insights,” will showcase Grayscale’s content and analysis to help investors make more informed digital asset investing decisions. In conjunction with the launch of Insights, Grayscale published “A New Frontier: How Digital Assets are Reshaping Asset Allocation.” This paper demonstrates that digital currencies may enhance strategic asset allocation and help investors build diversified portfolios with higher risk-adjusted returns. “There is tremendous appetite in the investor community for better information and clarity around digital currency investing,” said Michael Sonnenshein, Managing Director of Grayscale. “We are trying to demystify this market by offering clear-eyed analysis that demonstrates how digital currencies, when sized appropriately, may fit into a traditional investment portfolio.”
Overstock.com Inc. (NASDAQ: OSTK) is an online retailer based in Salt Lake City, Utah that sells a broad range of products at low prices, including furniture, décor, rugs, bedding, and home improvement. Overstock’s subsidiary, tZero, the global leader in blockchain innovation for capital markets, announced that it has signed a letter of intent with GSR Capital for a purchase of USD 160 Million in tZERO Security Tokens at a price of USD 10.00 per token, pursuant to the Simple Agreement for Future Equity. To accommodate the investment from GSR, tZERO’s Security Token Offering has been extended until August 6th, 2018. In addition to the investment from GSR, as of June 28th, 2018, tZERO has entered into executed SAFEs in excess of USD 168 Million for Security Tokens, of which over USD 95 Million has been already funded. Holders of unfunded SAFEs will be able to fund those SAFEs on a first-come, first-serve basis until the STO is completed. Approximately 1,000 people from 30 countries participated in the token sale. “I want to thank our strategic investors again for their continued support, as well as the tZERO team for their ingenuity in making a preferred equity security token possible,” said Patrick M. Byrne, Overstock.com Founder and Chief Executive Officer, and Executive Chairman of tZERO.
Digatrade Financial Corp. (OTCQB: DIGAF) is a Digital Asset [Bitcoin] Exchange and Blockchain Development Services company operated by Digatrade Financial Corp. The proprietary Digatrade trading and matching engine manages high volume, high throughput, and low latency trading and was modeled on the same technology recently leveraged by the world’s largest Investment Banks. Digatrade announced on June 11th, 2018 that the Canadian Securities Administrators (CSA) is urging Canadians to be cautious when considering buying crypto assets through trading platforms. Even though a platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. Crypto-asset trading platforms are online trading facilities that allow investors to buy and sell crypto assets, including bitcoin or ether, and/or coins or tokens that may have been sold through initial coin offerings or initial token offerings. “We want investors to understand that just because a platform may advertise itself as an exchange, that does not mean the platform is complying with applicable securities regulations,” said Louis Morisset, Chair of the CSA and President and Chief Executive Officer of the Autorité des marchés financiers.
Ethereum Classic Investment Trust (OTCQX: ETCG) is a private, open-ended trust that is invested exclusively in ethereum classic (ETC) and derives its value solely from the price of ETC. It enables investors to gain exposure to the price movement of ETC without the challenge of buying, storing, and safekeeping ETC. The Trust’s sponsor is Grayscale Investments, a wholly-owned subsidiary of Digital Currency Group. OTC Markets Group Inc. recently announced that the Ethereum Classic Investment Trust, a private, open-ended trust that is invested exclusively in ethereum classic, has qualified to trade on the OTCQX® Best Market. Ethereum Classic Investment Trust began trading on OTCQX on May 4th, 2018 under the symbol “ETCG.” “We are proud to welcome Ethereum Classic Investment Trust, Grayscale Investments’ second publicly-traded investment vehicle, to our OTCQX Best Market,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “The introduction of Bitcoin Investment Trust (OTCQX: GBTC) in 2015 and now Ethereum Classic Investment Trust (OTCQX: ETCG) on OTCQX exemplify our team’s vision for the platform as a unique venue for trading innovative companies.”
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