Grayscale Investments LLC. crypto asset management company has announced the launch of five new cryptocurrency investment trusts. The new trusts include Grayscale Livepeer Trust, Grayscale Filecoin Trust, Grayscale Decentraland Trust, Grayscale Chainlink Trust, and Grayscale Basic Attention Token Trust.
Morgan Stanley Becomes First Major U.S. Bank To Open Investments For Bitcoin
In an internal memo distributed Wednesday, the investment bank has disclosed its launch of three funds that would enable bitcoin ownership to individual clients and help in crypto investment. This is great news for the crypto community at large: a major financial institution, in particular a banking institution, is now accepting bitcoin as an emerging asset class.
French retail giant will launch Tezos-based stable coin
The new coin is named after a god in Irish mythology and will go by the ticker symbol EURL. Groupe Casino, a 120-year-old retail company headquartered in France, will reportedly be launching a stable coin pegged to the Euro. In addition, one of PwC’s former partners said it would be releasing a stable coin pegged to the New Zealand dollar early in 2021.
Kyber Network (KNC) gains 40% as its 3.0 network launch approaches
Excitement for the upcoming release of Kyber 3.0 is helping to boost KNC price by 40% as new governance features and lower Ethereum fees excite investors. One project that has continued to work on expanding the capabilities of its ecosystem is the Kyber Network (KNC), an on-chain liquidity protocol that aggregates liquidity from multiple sources to enable instant token swaps on any decentralized application (DApp).
Visa Looking to Enable the Purchase of Bitcoin on its Credentials, Says CEO Al Kelly
Visa CEO, Al Kelly revealed the company’s plans to enable the buying of bitcoin using its credit cards during his recent podcast with Fortune’s ‘Leadership Next’. Kelly explained that the company plans to do two things. Firstly, Visa plans to work with Bitcoin wallets to allow users to buy bitcoin on Visa credentials. Secondly, the company also wants to enable the bitcoin to fiat conversion feature, supporting bitcoin payments at over 70 million merchants.