Grayscale to Manage Crypto Assets Worth More Than $1B

According to the company, as of April 1, the size of the assets under its management was $ 940 million
03 April 2019   250

Grayscale Investments reported that the cumulative amount of cryptocurrency funds under its management of funds again exceeded $ 1 billion. More than 90% of the company's assets are under a bitcoin-oriented trust.

According to the company, as of April 1, the size of the assets under its management was $ 940 million, at the end of February this figure was $ 747 million.

On April 2, amid a sharp jump in the price of Bitcoin, the total volume of assets under management, however, rose to $ 1.1 billion, of which $ 999.1 million was Bitcoin.

In February Grayscale Investments published an investment report for 2018, according to which, despite a stable quarterly decline in attracted investments in its products, ended the year with a record figure of $ 395.5 million.

At the beginning of December 2018, Grayscale Bitcoin Investment Trust controlled more than 200,000 BTC, which at that time was about 1% of the total emission of the first cryptocurrency.

Bitcoin SV Blockchain to Undergo Reorganization

This happened due to the fact that some blocks were rejected by Bitcoin SV blockchain
19 April 2019   104

Several blocks were rejected by the Bitcoin SV network after the addition, which caused the re-organization in the blockchain's history.

Almost each time someone is trying to produce a very large block on the BSV chain, there’s a reorg. Just an hour ago our Blockchair engine has witnessed a 3-block reorg (I think that's a record)! Blocks #578640–578642 got orphaned by a longer chain because they were too big

Nikita Zhavoronkov

Lead developer, Blockchair

The large blocks, about which Zhavoronkov writes, are no longer displayed by the blockchain browser, since they are not part of the main chain in which they were located until a certain moment, until they were replaced by another chain, which eventually became dominant.

This is basically exactly the problem the BU gigabock testnet identified. At sizes > 100mb the mempools were so out of sync that blocks were basically transmitted as full blocks.

BSV had ONE 128mb block and it caused a six block reorg. On the BU testnet sustained 128mb blocks caused a total breakdown of the chain where there were so many reorgs that every node had a different view of the state of the blockchain.

Chris Pacia

Developer, Bitcoin

Thus, Chris assumes that the problem is caused not by the malicious actions of the network members, but by its functional bug. 

This update is noticeable in the background of recent Bitcoin SV delisting campaign, which was started by the number of big exchanges as a reply to lawsuit by Craig Wright, BSV supporter, against anonymous critic.