Grayscale’s AUM Breaches $10B as Bitcoin Breaks $18K – November 18

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $17,941

Bitcoin price has surged over the last 24 hours, touching as high as $18,466 before bouncing above and below the $18,000 mark.

Top-20 altcoins have mostly seen small drops in price, as Bitcoin steals the spotlight. Ethereum gained 2%, while XRP, Litecoin and Bitcoin Cash all fell 2% each.

Top Stories for November 18, 2020 πŸ”₯

πŸ‘‰ Grayscale’s AUM Breaches $10B as Bitcoin Breaks $18K

Institution-friendly cryptocurrency investment platform Grayscale has hit a new milestone today as its assets under management reach a value of $10 billion.

The milestone was hit following Bitcoin’s rally through the $18,000 mark today, as well as a significant $262 million in new investments last week.

The assets are mostly in Grayscale’s Bitcoin Trust, but also includes investments into eight other investment trusts.

πŸ‘‰ Trump Nominates Former Coinbase CLO for 5-Year OCC Term

President Trump has nominated former Coinbase chief legal officer Brian Brooks to a five-year term as the acting Comptroller of the Currency.

Brooks’ office was in charge of the guidance which allowed US banks to hold custody of cryptocurrencies on behalf of customers, as well as stablecoin reserves.

He will have to receive approval in the US Senate in order to assume the five-year term.

πŸ‘‰ Second-Richest Man in Mexico Reveals 10% Bitcoin Holding

The second-wealthiest man in Mexico, Ricardo Salinas Pliego, has revealed that he holds 10% of his “liquid” wealth in Bitcoin, in a Tweet today.

The Tweet also recommended the book “The Bitcoin Pattern” for understanding Bitcoin and “protecting citizens from government expropriation”.