“Bitcoin miners cannot meet Grayscale Investments customer demand”/ “Майнеры Bitcoin не могут удовлетворить спрос клиентов Grayscale Investments”

Thanks for quoting me on the article “Bitcoin miners cannot meet Grayscale Investments customer demand”/ “Майнеры Bitcoin не могут удовлетворить спрос клиентов Grayscale Investments”.

Adding on to what I have commented and quoted in this article.

“Greyscale Investments has doubled up their investment in Bitcoin. The company has bought 18.910 BTCs since 11 May 2020.

It is normal for an investment company to see the potential of Bitcoin, in fact, if they realised this earlier, the whole situation will be different.

I believe their daily investment from 607.62 BTCs to 1,112.35 Bitcoin is just the beginning. As the market builds more confidence for Bitcoin, their average daily will increase too.

Do bear in mind BTC’s supply is fixed and the demand is very strong. There may be an overflow of interest in other potential tokens too.”

Grayscale Investments is the world’s largest digital currency asset manager, with more than $2.2B in assets under management as of March 31, 2020. Grayscale’s investment products are available to institutional and individual accredited investors through their respective periodic and ongoing private placements. Grayscale’s single-asset investment products provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Stellar Lumens (XLM), XRP, and Zcash (ZEC).

Through its family of 10 investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a traditional security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. For more information, please visit www.grayscale.co.

You can read the full article in Russian at https://bloomchain.ru/newsfeed/majnery-bitcoin-ne-mogut-udovletvorit-spros-so-storony-grayscale-investments/

I have translated it in English  using Google Translate:

Bitcoin miners cannot meet Grayscale Investments customer demand

Grayscale Investments, which is part of the holding of millionaire Barry Silbert , after the May halving bought more than 18 thousand Bitcoin. Analyst Kevin Rook noted that the volume of investments of the asset management company is one and a half times the number of tokens mined by miners over the specified period of time.

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According to Ruka, miners have mined about 12,337 BTC since the third halving. During the same time, Grayscale-owned regulated cryptocurrency trust – Bitcoin Trust – acquired 18,910 BTC. It turns out that the trust buys 150% of all issued tokens. Rook also noted that after the halving, the company significantly increased the volume of average daily investments – from  607.62 BTC to 1112.35 BTC.

Changpeng Zhao , head of the Binance cryptocurrency exchange , has already noticed a Tweak tweet and noted that the demand for cryptocurrency exceeds supply. However, some community members feel that this is not good. For example, investor Andy Lian noted that the actions of Grayscale will lead to the appearance of another whale on the market, which will adversely affect the entire industry.

However, the increased activity on the part of the Bitcoin Trust is another indication that institutional investors do not share the position of the financial conglomerate Goldman Sachs, which opposed investments in cryptocurrency. Note that the crypto community has reacted quite rapidly to criticism of the investment bank. Users believe that his analysts were not able to appreciate the capabilities of this class of assets.

Grayscale Investments reports that as of May 27, 2020, the company managed assets with a total value of $ 3.6 billion. Moreover, most of these assets are accounted for precisely by Bitcoin Trust. He manages assets worth $ 3.2 billion – this is approximately 345,000 BTC at the current exchange rate, or almost 2% of all Bitcoin circulating in the network.

Recall that in the first quarter of 2020, Grayscale Investments attracted more than $ 500 million under its wing – this is almost as much as the company managed to attract for the entire 2019. Most of this money was invested in her bitcoin trust.

 

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Linfinity, Blockchain Partner for WealthBriefingAsia Awards 2018

Linfinity is proud to announce that it will be the official Blockchain partner for WealthBriefingAsia Awards 2018. This awards ceremony showcases the best and brightest of the private banking and wealth management.

As part of this partnership, Linfinity was involved in the presentation of awards to the winners during the event.

Mr Anndy Lian, CEO of Linfinity Singapore is honored to present the awards to the following winners:

Corporate social responsibility – diversity: RHTLaw TaylorWessing

International Finance Centre: Jersey Finance

Wealth Planning team SEA: RHTLaw Taylor Wessing

Wealth planning team greater China: HSBC Private Banking

Philanthropy offering: BNP Paribas Wealth Management

Philanthropy offering: HSBC Private Banking

During the event, the Linfinity team has taken the opportunity to speak with a few international banks. They would like us to look at the mechanics of supply chain finance (SCF) and how a tokenism model could potentially aid in the progress.

“Linfinity will work hand in hand with the banks. We believe our Blockchain technology can track events in the physical supply chain and creates opportunities to automate the initiation of SCF involvements.”

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Linking your Business to Unlimited Possibilities with Blockchain

New technological advancements are happening every second, every minute and this is an ongoing process. Blockchain is not the newest kid on the block as we all know but this has become the buzzword for many businesses. You may know slightly of its connection to Bitcoin and it is highly possible being tagged to negativity.

Let’s put that aside and look at what potential it has and why it should not be ignored by businesses who want to stay relevant and ahead of the latest technologies that can aid your business. Without further ado, I would like to highlight some key benefits of a blockchain that may prove to be useful:

1. Data Transparency

2. Data Security

3. Traceability

4. Smart Contracts

These are all widely talked about and many of us who are following on the development of blockchain would have seen this at least a million times. Most people would know what it can do but the most talked about topic would be industry adoption and commercialization and how it can be linked to “unlimited possibilities”.

Gaining industry adoption the most vital challenge and this will determine the success this technology. This is especially important in the total supply chain ecosystem where the possibilities are unlimited. Many different parts of the supply chain can adopt the technology to make the whole process more effective and efficient. Before we can prove that this technology is good, we need time to fine tune it and adopt a couple of pilot trials to create success case studies to convince those who are still not bought into the concept. From telling them to migrate from legacy systems to law an regulations. It is a long process but we had to start somewhere.

Being the CEO for Linfinity Singapore, I am grateful to have a chance to speak at the Finwise Summit Tokyo, one of the most influential blockchain events in the world, bringing together top talents, industry elites and excellent enterprises. More than 2000 participants and over 8 million blockchain related practitioners in East Asia. In the presentation, I have highlighted that the blockchain should be seen as an enabler to your existing business. I have also mentioned about how blockchain can help us in an unlimited and selfless manner in the total supply chain.

“Linfinity is committed to enhance the total supply chain by applying blockchain technology to address the business pain points and development needs.”

Quoted in a media interview.

I want to share what Linfinity can do for us in the near future and the exciting possibilities ahead. On 31 May, we will be signing several MOU with corporations in Singapore. This will be a small step to make a difference and we want to more businesses to be aware of how hard we are trying to commercialize our system. We want you to adopt and experience it yourself.

If you want to find out more and support me in this initiative, drop me a note. I am happy to discuss in detail.

Thank you.

Anndy Lian

CEO, Linfinity Singapore

#linfinity #blockchain #tokens #viral #supplychain #TQM #anndylian #anndy #business

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