• Fidelity invests again in OSL
    Cryptocurrencies

    Fidelity invests again in Hong Kong crypto exchange OSL

    The asset management giant’s second investment comes shortly after Hong Kong regulators granted the firm a digital asset brokers license

    In February, BC Technology Group CEO Hugh Madden said “We’re excited to see that world-class equity investors are increasingly participating in the fast-growing digital asset sector, and we look forward to reaching new milestones with our industry-leading institutional investors.”

  • Bitcoin

    Bitcoin likely to go ‘considerably higher’: Investing star Bill Miller

    A day after calling bitcoin ‘rat poison’ for cash Miller said that the cryptocurrency ‘gets less risky the higher it goes’

    When an interviewer asked Miller if he is as excited about the coin as he was in early November, when it was worth under $15,000, he answered, “absolutely. One of the things that’s interesting about Bitcoin is that it gets less risky the higher it goes, and that’s the opposite of what happens with most stocks.”

  • Bakkt to go public
    Cryptocurrencies

    Crypto exchange Bakkt to go public with reverse merger: Report

    The newly public firm owned by NYSE-parent Intercontinental Exchange should be valued at more than $2 billion

    The cryptocurrency exchange and derivatives platform, majority-owned by Intercontinental Exchange, is about to go public through a reverse merger with blank-check firm VPC Impact Acquisition Holdings, insiders said.

  • Grayscale new CEO
    Bitcoin,  Cryptocurrencies

    Crypto asset manager Grayscale names Michael Sonnenshein CEO

    He steps up as the crypto asset manager’s assets under management explodes, with nearly $19 billion pouring in over the past six months

    Managing director Michael Sonnenshein takes the reins as CEO as the company’s flagship Grayscale Bitcoin Trust purchased nearly 73,000 bitcoins in December, more than 2.5 times the total number of BTC mined that month.