Grayscale Surpasses $10 Billion in Crypto Under Management With Over 500,000 BTC in Bitcoin Trust
Grayscale Investments has surpassed $10 billion in cryptocurrency assets under management. About $8.85 billion are held in the Grayscale Bitcoin Trust, which now holds more than 500,000 bitcoins.
Grayscale Investments announced Tuesday that it has surpassed a major milestone in cryptocurrency assets under management (AUM), which the total now stands at $10.4 billion. The company offers 10 cryptocurrency products, all of which are single-asset trusts except the Digital Large Cap Fund.
Most of the funds are held in the Grayscale Bitcoin Trust (GBTC), which currently has $8.85 billion in assets under management, followed by the Ethereum Trust with $1.22 billion, and the Digital Large Cap Fund with $146.7 million. In addition, the company announced Monday that the Grayscale Bitcoin Trust now holds more than 500,000 BTC.
In the third quarter, Grayscale had record-breaking capital inflows totaling $1.05 billion, about 81% of which came from institutional investors, primarily hedge funds. The company further revealed that its Bitcoin Cash, Litecoin, and Digital Large Cap products all saw over 10x growth in inflows compared to the previous quarter.
What do you think about Grayscale’s growth? Let us know in the comments section below.
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Webull Financial Debuts Crypto Offering Through Webull Crypto LLC
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NEW YORK, Nov. 19, 2020 /PRNewswire/ — Webull Financial, a leading commission-free online stock trading platform, today announced the addition of cryptocurrency trading to its product offerings through Webull Crypto LLC.
Cryptocurrency has grown in popularity amongst traders over the last few years, due in part to its speed of transaction, decentralized investing and higher market volatility which gives traders ample opportunities to build their portfolio. Webull’s new cryptocurrency capabilities enable both new and existing traders to further diversify their asset portfolio and be active in the crypto market 24/7.
“We place great value in our customers and are always listening to their feedback in order to make improvements and additions to the app for a better trading experience,” said Anthony Denier, CEO of Webull. “We are proud to be among the first companies rolling out this feature for traders, and we’re excited to see an increase in both users, and user activity, as more become familiar with it.”
Webull Crypto allows customers to buy or sell fractions of crypto at a $1 minimum with instant settlement, letting users receive funds instantly. The app offers complimentary real-time crypto data and two-factor authentication, which ensures account safety and security at all times.
The cryptocurrency offering is another example of Webull’s overall innovation within the industry, as they will become one of the very few broker-dealers currently offering crypto trading to customers.
Webull is dedicated to putting the needs of its traders first, constantly striving to roll out new products and features to match demand. The cryptocurrency offering comes highly requested by Webull users, and has already received overwhelmingly positive feedback after a Beta testing period of over 1,000 participants. Previously, Webull had a waitlist of close to 100,000 users who were interested in the crypto offering.
Crypto trading is available for Webull brokerage account holders, 24/7, 365 days a year. It is now accessible via the mobile app, and accessibility on the desktop platform will be coming soon. For more information, please visit https://www.webull.com/cryptocurrency.
About Webull Financial
Webull Financial LLC is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). The headquarters of Webull Financial LLC is located at 44 Wall Street, New York, NY, USA.
SOURCE Webull Financial LLC
Author: Webull Financial LLC
Entrust Helps Enterprises Take Command of Their Crypto With First-of-its-Kind Cryptographic Center of Excellence Solutions • Disaster Recovery Journal
The new cryptographic security offering leverages Entrust’s expertise in encryption technology, best practices and discovery tools to give enterprises visibility and control over their crypto instances and PKI systems
MINNEAPOLIS–(BUSINESS WIRE)–Entrust, a leading provider of trusted identities, payments and data protection, today announced its Cryptographic Center of Excellence (CryptoCoE) solutions, providing the tools and resources enterprises need to take command of their crypto instances and PKI systems through best practices that bring together the visibility, expertise and compliance required for a strong crypto strategy.
Digital technologies are transforming the enterprise, from new DevOps practices, cloud and multi-cloud environments to the Internet of Things (IoT). And with this transformation comes new data security challenges. While IT leaders are rapidly increasing use of cryptography-based solutions like public key infrastructure (PKI) to support identity, authentication and encryption, they are struggling to manage crypto across the enterprise. Entrust’s 2020 Global PKI and IoT Trends Study found nearly 71 percent of IT leaders struggle to understand where sensitive data resides within their organizations.
“Organizations need to look at ‘encrypt everything’ strategies to protect their enterprises in a zero trust world. Crypto is critical infrastructure that requires expertise, dedicated resources and a set of standards to keep it under control and in compliance. Entrust has led the world in cryptographic security solutions for more than 25 years, and now, we’re proud to deliver that expertise to customers with the first Cryptographic Center of Excellence building block solutions,” said Jay Schiavo, Vice President of Entrust Digital Certificate & Signing Solutions. “Weak crypto often leads to business disruption, which is why our CryptoCoE solutions help enterprises with the expertise, visibility and tools they need to bring hidden crypto and PKI to light and mitigate rising threats.”
Gartner predicts that “by 2021, organizations with crypto-agility plans in place will suffer 60 percent fewer cryptographically related security breaches and application failures than organizations without a plan1.”
The Entrust CryptoCoE solution has five building blocks that help achieve crypto and PKI excellence:
- Crypto Health Check improves overall IT security posture by providing ongoing visibility into a complete cryptographic inventory, expertise and best practices. The Crypto Health Check team scans an organization’s environment to build a cryptographic inventory and scores it against cryptography standards and policies. The data analysis is then turned into an actionable plan with measurable results – arming security, compliance and risk teams with the insights needed to mitigate crypto-related threats and bring hidden crypto into view.
- Crypto Governance Consulting places an expert-by-your-side to walk your organization through the essential steps of establishing a governance platform.
- PKI Governance Health Check reviews an organization’s PKI policy documentation and the different roles, processes and policies that they outline. Comparing those policies against best practices, compliance requirements, and business needs, Entrust will deliver actionable recommendations to ensure there are no procedural gaps and that they demonstrate compliance standards for audits.
- PKI System Health Check assesses the status of the technology and software of an organizations PKI implementation(s). From looking at the equipment and algorithms in use, to documenting architecture and providing recommendations – Entrust experts will guide and assist organizations to ensure their PKI is able to meet their current and future business requirements.
- PKI Governance Consulting assists organizations setting up a new PKI and defines and documents the policies used to govern their PKI.
“The cryptographic center of excellence does not necessarily have to own and operate all tools,” said David Mahdi and Brian Lowans, Senior Research Directors for Gartner. “Instead, it should be a central point of control that provides guidance and governance. It must establish an appropriate organizational framework for when central tools must be used and under what circumstances different business units can operate and manage their own systems.”2
Join Gartner’s David Mahdi and a panel of experts to learn how to take command of your crypto by joining Entrust’s live event on November 18, 2020 at 11:00 AM EST. Registration is free at https://entrust.brand.live/c/cryptocoe.
For more information about Entrust’s CryptoCoE solutions, or to take a free PKI self-assessment, visit our website: https://www.entrust.com/digital-security/certificate-solutions/c/introducing-entrust-cryptographic-center-of-excellence
1 Gartner, Inc. in Better Safe Than Sorry: Preparing for Crypto-Agility, Mark Horvath & David Mahdi, refreshed August 6, 2019
2 Gartner, Inc. in Develop an Enterprisewide Encryption Key Management Strategy or Lose the Data, David Mahdi & Brian Lowans, September 29, 2020
Entrust keeps the world moving safely by enabling trusted identities, payments and data protection. Today more than ever, people demand seamless, secure experiences, whether they’re crossing borders, making a purchase, accessing e-government services or logging into corporate networks. Entrust offers an unmatched breadth of digital security and credential issuance solutions at the very heart of all these interactions. With more than 2,500 colleagues, a network of global partners, and customers in over 150 countries, it’s no wonder the world’s most entrusted organizations trust us. For more information, visit www.entrust.com.
Vice President, Public Relations & Communications