First European Bitcoin mutual fund announced

The French asset management company TOBAM has officially reported the creation of the first Bitcoin mutual fund
22 November 2017   1227

The company has established the fund with a view to ensure a vehicle for allowing more regulated investors at the institutional level to gain Bitcoin exposure without the regulatory concerns. However, the fund will not be available to retail investors.

Direct investment in Bitcoin can be operationally challenging, from dealing with the choice of the platform, to maintaining the proper security measures in terms of custody and to managing the changes made to the protocol.

 

Christophe Roehri

Head of business development, TOBAM

Despite skepticism about bitcoin, the widespread adoption of Bitcoin at the institutional level has kept on. The announcement of the Chicago Mercantile Exchange (CME) for the provision of Bitcoin futures, as well as other firms, has encouraged the cryptocurrency to new highs.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1008

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.