Four New Cryptocurrency Funds Launched by Greyscale

Grayscale has launched four new cryptocurrency funds, and plan on launching more later this year. The four funds are setup as trusts, and participation is limited to U.S.-based accredited investors. The names of the funds are: Bitcoin Cash Investment Trust, Ethereum Investment Trust, Litecoin Investment Trust, and XRP Investment Trust. Greyscale Investments managing director Michael Sonnenshein stated: “Digital currencies are…

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Bitcoin-Based Prediction Market in Development at Princeton

Prediction markets are created to make predictions on things like business, weather and world events. Although prediction markets are typically frowned upon within the financial world, many companies use them in an attempt to stay ahead of their competition. The reason prediction markets are frowned upon is because they are purely speculative in nature. Although they have been used for…

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Coinbase Reels in $25 Million Funding Round

Coinbase provides secure accounts for those that use bitcoins. Users can use these accounts to store bitcoins, as well as make and accept payments. Their user base has been growing by approximately 31% each month. Unlike many other bitcoin startups, Coinbase is actively working to get licenses with state regulators. Bitcoins are an unregulated digital currency. The creators of bitcoins…

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