Marlton Applauds Decision to Increase Digital Currency Group’s Authorized Pur...
Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). This latest action follows Marlton’s recent call for DCG and the Grayscale board to do more to narrow the discount on GBTC shares. Support for Purchase Authorization In a statement, Marlton’s Managing Member, James C. Elbaor says this DCG action is “a more constructive approach to alleviating the dramatic discount between the market price of GBTC shares and net....
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Businesses operating a digital currency automated teller machine (ATM) or an exchange platform in Quebec must obtain the appropriate license from the financial regulator, the Autorité des Marchés Financiers (AMF), in accordance to the Money-Services Businesses Act. The authority, which issued a public statement on Thursday February 12, said that companies involved in trading digital currencies, or which are operating a digital currency ATM, must hold the appropriate license and be authorized by the AMF, the regulatory and oversight body for Quebec's financial industry. The AMF further....
Bitcoin has dramatically ended 2015 as the best performing currency of the year, surpassing the growth rate and value of both emerging and dominant currencies including pound sterling, Japanese yen, Chinese Yuan and the US Dollar. Similar to its success in 2010, 2011, 2012 and 2013, bitcoin has recorded a staggering 26.23% yearly increase, overtaking the world’s top performing currencies such as the Indian rupee, Saudi Arabian riyal and Indonesian rupiah, by over 500%. The significant increase in the value of bitcoin derives from the growing interest and skyrocketing demand from investors....
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