Grayscale Investments to Report on 2018 Investments

Company ended the year with a record figure of $ 395.5 million; 66% came from instuitionals
15 February 2019   624

Cryptocurrency assets manager Grayscale Investments presented an investment report for 2018, according to which, despite a steady quarterly decline in attracted investments in its products, ended the year with a record figure of $ 395.5 million.

In the first three quarters of 2018, the company attracted $ 329.5 million from investors, over the past three months this amount was $ 30.1 million.

The claimed amount is about three times higher than in 2017, when the cryptocurrency market was on the rise, and twice the aggregate figures for the previous four years. According to the management of Grayscale, this suggests that long-term investors remain optimistic despite the fall in the market.

At the same time, the total volume of assets managed by Grayscale has declined significantly - this is due to the decline in cryptocurrency prices in which funds of the company's clients are placed.

The company insists that for investors who came into the industry a few years ago, this is not new. So, from December 2013 to January 2015, Bitcoin fell by 85%, after which it not only recovered to the previous values around $ 1,150, but also reached new historical heights in December 2017, closely reaching $ 20,000.

The graph below also shows that Bitcoin continues to occupy a dominant position among all investment products offered by Grayscale - by the end of the year, Grayscale Bitcoin Investment Trust (GBTC) accounted for 67% of all investments.

Also, interesting statistics are given for investors - 66% of the funds came from institutional investors, approximately the same figures were accredited investors and pension funds - 14% and 15%, respectively. Another 5% came from family offices. At the same time, as can be seen in the graph below, family funds significantly increased their presence in the 4th quarter of 2018, when they accounted for 40% of all investments.

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.
 

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.