Asset Manager Stone Ridge’s NYDIG Sees Wall of Money Coming Into Bitcoin — Institutions Grow Beyond Owning BTC
The founder of Stone Ridge Asset Management and the New York Digital Investment Group (NYDIG) sees a “wall of money” coming into bitcoin based on his firm’s order book. The executive believes that institutions are just getting started and we will see an explosion of bitcoin-focused traditional financial products within a year. NYDIG Bullish on Bitcoin Stone Ridge Asset Management and NYDIG founder Ross Stevens shared his insight on...
Pro-Bitcoin US Lawmaker Cynthia Lummis Joins Senate Banking Committee, Plans to Convince Janet Yellen BTC Is Great Store of Value
Pro-bitcoin U.S. Senator Cynthia Lummis has been appointed to the Senate banking committee. She has been talking to Janet Yellen and has outlined her plans to help the new Treasury Secretary and other U.S. lawmakers understand that bitcoin is a great store of value. Lummis says that Yellen has an open mind on this topic even though she currently thinks that cryptocurrencies are mainly used for illicit financing. Senator Lummis Plans...
Bill Miller’s Multibillion-Dollar Hedge Fund to Add Bitcoin Exposure via GBTC
Billionaire hedge fund manager Bill Miller’s flagship fund will soon be able to add bitcoin exposure by investing in Grayscale’s bitcoin trust (GBTC), according to its filing with the U.S. Securities and Exchange Commission (SEC). The fund currently has about $2.25 billion in assets under management. Bill Miller’s $2.25M Hedge Fund to Invest in GBTC The Miller Opportunity Trust, a hedge fund in the Miller Value Funds family, has filed...
Walking Dead Producer Expects Revenue to Surge Thanks to Streaming Piracy Law
At the end of 2020, U.S. Congress passed the spending bill. The legislation package includes various copyright-related changes, including a new plan to criminalize streaming piracy services. The Protecting Lawful Streaming Act (PLSA), as it’s called, was only introduced a few days prior and was approved without any notable debate. This stands in sharp contrast with earlier ‘felony streaming’ plans, which in part triggered the SOPA and...
DISH Wins $2.7m From Pirate IPTV Provider & Hosting Company, Seizes Domains
In July 2019, US broadcaster DISH Networks filed a lawsuit in a Delaware federal court targeting US-based Serverlogy Corporation and several John Does, together doing business as East IPTV. Serverlogy Corporation was described as a CDN/hosting company providing services to pirate IPTV supplier EastIPTV. According to DISH, EastIPTV is guilty of direct copyright infringement due to channels licensed to DISH being illegally broadcasted...
