Grayscale is one of the biggest institutional holders of Bitcoin (BTC) with a total of $797 million Assets Under Management (AUM) at the end of last year, down from a high of more than 2.8 billion, Medium reports.
US-based company Fidelity Investments announced that it will likely launch its new cryptocurrency custody service in March this year. Fidelity plans include that the Bitcoin (BTC) storage will come first and then Ethereum (ETH) will follow.
It’s now more than 12 months since rumours about how one of the giant financial institutions such as banks, and investment companies, would come out and open up a Bitcoin (BTC) business, and that expectation has thus far produced no significant results.
Popular blockchain and crypto enthusiast hasn’t lost faith in financial technology and digital currencies, such as bitcoin, ripple, and ethereum. He is confident in the suggestion that cryptos will replace fiat currency in its primary position during 2020-2030.
In its 10 years of operation, Bitcoin has registered high demand and adoption by institutions, businesses, hotels, countries and many other entities. Now, the Great Lakes Science Center, a giant museum and educational complex in Cleveland, Ohio, has officially declared that it will start accepting Bitcoin (BTC) as a payment method from Tuesday, November 13, 2018. The institution will use BitPay when processing transactions.
On Friday, September 21, this year, the Irish government rolled out a €5 million financial technology (fintech) project aimed at researching and developing solutions that are associated with blockchain tech for a 5-year period. The project is dubbed FinTech Fusion and will be handled by the ADAPT Centre for Digital Content Technology.