$8.7 Trillion Asset Manager BlackRock Is Exploring Bitcoin As Institutions Flood Crypto

Glowing dark background with bitcoin symbol.

Rick Rieder, BlackRock’s chief investment officer of global fixed income, told CNBC Wednesday that the investment giant has “started to dabble” in bitcoin—it’s the latest instance of a major financial player dipping its toes into digital assets.

Reider did not elaborate on BlackRock’s cryptocurrency strategy, but last month the investment giant filed documents with the Securities and Exchange Commission showing that it wants to include cash-settled Bitcoin futures as eligible investments for two of its funds.

BlackRock is the world’s largest asset manager—it managed some $8.7 trillion at the end of the fourth quarter.

Rieder told CNBC that he believes bitcoin’s recent rally is gaining momentum in part because of stronger regulations and better technology.

“My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up,” he said.

Big Number

$51,000. That’s the new record price bitcoin hit early on Wednesday morning. The most popular cryptocurrency started the year with prices around $30,000.

Key Background

A spate of major corporations and financial institutions including MicroStrategy, BNY Mellon, and MasterCard,and PayPal have announced cryptocurrency initiatives this month, and there are reports that a $150 billion investment division at Morgan Stanley is considering investing in bitcoin. A portion of bitcoin’s recent gains are likely attributable to a surprise announcement from Tesla that the electric car maker had invested $1.5 billion into the cryptocurrency and has plans to start accepting it as payment.

Further Reading

BlackRock’s Rick Rieder says the world’s largest asset manager has ‘started to dabble’ in bitcoin (CNBC)

Not Just Tesla: Big Institutions Keep Piling Into Bitcoin As Price Rockets Past $50,000 (Forbes)

Bitcoin Soars To New High After Tesla Says It Invested $1.5 Billion (Forbes)

BlackRock Files To Add Bitcoin Futures To Funds (Forbes)

By: Sarah HansenSarah Hansen

 

 

Source: $8.7 Trillion Asset Manager BlackRock Is Exploring Bitcoin As Institutions Flood Crypto

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PR: Bityard Launches YouTube Recruitment Competition with over 38,000 XRP in Prizes

Bitcoin Press Release: Bityard has launched a YouTube recruitment competition for content creators, with over 38,000 XRP in prizes.

20th April, Singapore 2020Bitcoin and cryptocurrency contracts exchange Bityard launched in early 2020 with a USDT bonus for all new registered users. To maintain the reputation that it has for offering bonuses to its loyal community, Bityard is holding a competition for YouTube content creators to showcase their reach, and earn some crypto at the same time.

Competition Details

The competition will give content creators the change to win up to 16,000 USDT in total prizes.

As stated in the terms and conditions of the Bityard YouTube promotional competition, the company will be holding a promotional event once a month, and the videos to be submitted must be related to Bityard.

The first months competition theme is “Bityard Contract Trading Beginner’s Guide“, which includes but not limited to:

  • Introducing contract transactions
  • How to open an account
  • How to start a simple contract transaction
  • Trading practice (can be firm or simulated, real operations will add extra points)
  • Order profit and loss

The video duration for this competition may not be shorter than 5 minutes. For submissions, applicants must upload the video to their respective YouTube channel. The title should be named “Simple Bityard” + the applicants video title. Applicants should indicate their Bityard ID in the video description below their video.

Applicants should send an email to video@bityard.com with the email address that was used to register the YouTube account. The title should be named: “Simple Bityard” + Video Theme. The body of the email must include the video link applicants Bityard ID.

Read the full terms and conditions of the Bityard YouTube promotional competition here.

Prize Money

The top prize of 38,888 XRP will go to the YouTuber that gets the most views, comments,

and feedback on their video from April 18th to May 18th 2020. In addition to the first prize, there will also be XRP awarded to second and third prize winners, and up to 20 winners of a consolation prize of 38 Tether. This is a great decision by Bitpay, as it gives novice YouTubers a chance to get some rewards for their efforts.

The Bityard YouTube recruitment competition offers YouTubers of all backgrounds to get involved with something that benefits the crypto community as a whole, and potentially win some huge prize money at the same time. Interested content creators can make a cool video, upload it and submit it to the Bityard competition today! 

Media Contact

Contact Name: Rafael

Contact Email: bd@bityard.com

Learn more about Bityard – http://www.Bityard.com

Follow Bityard on Facebookhttps://www.facebook.com/Bityardofficial/

Read about Bityard on Mediumhttps://medium.com/@bityardsns

Join the official Bityard Telegram channelhttps://t.me/BityardExchange

Follow Bityard on Twitterhttps://twitter.com/Bityardofficial

Connect with Bityard on LinkedInhttps://www.linkedin.com/in/bityard/

Bityard is the sole source of this information.Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Source: PR: Bityard Launches YouTube Recruitment Competition with over 38,000 XRP in Prizes – BitcoinNews.com

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Activity time: April 18 – May 18 Bityard will be holding the first YouTube video recruitment contest on April 18th, 00: 01all the way until May 18th 23:59, Singapore time. The video will be produced and uploaded to the YouTube platform as required, and you will have the opportunity to receive 38,888 XRP in rewards! Show us your pull and win huge prizes! After the event, Bityard will announce the list of winning videos on Bityard’s corresponding Facebook pages, and will issue the rewards to Bityard account of the winners within 3 working days! Terms and Rules of Competition: Once each month, Bityard will be holding a promotional event and the videos to be submitted must be related to Bityard: I. Video submission requirements: 1. The theme of the first issue is “Bityard Contract Trading Beginner’s Guide”, which includes but not limited to: Introducing contract transactions How to open an account. How to start a simple contract transaction Trading practice (can be firm or simulated, real operations will add extra points) Order profit and loss 2. The video duration for this competition may not be shorter than 5 minutes. II. Submission Method: 1. Upload the video to your YouTube channel. The title should be uniformly named “#Simple Bityard # + your video title”. Please indicate your Bityard ID in the video description below your video. 2. Please send an email to video@bityard.com with the email address that was used to register the YouTube account. The title should be uniformly named: #Simple Bityard # + Video Theme. The body of the email must include the video link your Bityards ID. III Evaluation Criteria: We will select the video according to the total number of views and likes and official rating as reference at 23:59 on May 18th, the Bityard team will act as judges for 70%, and the number of video playback and likes will account for 30%, multiple video submissions from the same creator will not count. Only one winner will be selected for the finalists, and the official website’s award announcement will prevail. Note:1. If no outstanding video works are found during this competition, Bityard reserves the right to extend some awards to the next video contest.2. After the user participates in the submission, the video copyrights will be shared by both parties (Bityard and the uploader). BITYARD has the right to global delegation, reproduction and other related uses for the purposes of promotion, and the right to use these works on the official BITYARD channel.The final interpretation of this event belongs to Bityard. More Details : https://support.bityard.com/hc/en-us/… • Song: Extreme Energy (Music Today 80) • Composed & Produced by : Anwar Amr • Video Link: https://youtu.be/8ZZbAkKNx7s

Alternative Investment Firm Regal Assets Expands Crypto Reach to Canada | BTCMANAGER

Regal Assets is one of North America’s most trusted alternative investment firms. The company has recently announced it was expanding its service to support Registered Retirement Savings Plan (RRSP) for Tax-Free Savings Account (TFSA) Canadian investors. According to reports, Regal Assets, a firm that specializes in offering alternative investment services for retirement account holders, has officially announced it was opening its operations in Canada. By expanding to Canada, Regal Assets will enable an alternative investment vehicle for investors wanting to have a diversified investment portfolio…….

Source: Alternative Investment Firm Regal Assets Expands Crypto Reach to Canada | BTCMANAGER

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