NEW YORK, Nov. 22, 2017 /PRNewswire/ — Grayscale Investments, LLC, the sponsor (the “Sponsor”) of the Bitcoin Investment Trust (OTCQX: GBTC) (the “Trust”), announced that it has today declared a distribution and established a record date for the distribution of a portion of the rights to Bitcoin Gold tokens currently held by the Trust as a result […]

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By now most of you know that pending tax reform legislation is underway. On November 16th, the House of Representatives’ passed its version – HR 1: The Tax Cuts and Jobs Act. Also on November 16, the Senate Finance Committee approved its amendments. Next week we should see the full Senate’s vote. As promised during […]

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Some misunderstand what they have said. What they have said is ”we” only accept transfers from Financial Institutions who have performed the AML & KYC. Anti-Money Laundering (AML) & Know Your Customer (KYC) rules include but are not limited to: An explanation by contract, service agreement or other documentation of how the money was earned. […]

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NEW YORK, Dec. 1, 2017 /PRNewswire/ — Grayscale Investments, LLC, the sponsor (the “Sponsor”) of the Bitcoin Investment Trust (OTCQX: GBTC) (the “Trust”), announced that it has irrevocably abandoned (i) all of the rights to Bitcoin Diamond tokens currently held by the Trust as a result of the fork in the Bitcoin blockchain on November 24, 2017 and (ii) all […]

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The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to What Backs Bitcoin, I want to dig into that value. The idea, which comes from Austrian economist Carl Menger, is that just as a shovel’s value comes from its […]

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