Grayscale adds Cardano to Digital Large Cap Fund after rebalancing

Grayscale adds Cardano to Digital Large Cap Fund after rebalancing

“Cardano (ADA) becomes the third-largest component of the GDLC basket after Bitcoin and Ethereum
In a recent development, Grayscale Investments announced an adjustment to its Grayscale Digital Large Cap Fund (OTCQX: GDLC) to include Cardano (ADA) as the third-largest holding.Reflecting the growing demand for crypto investments, the fund’s portfolio was adjusted by selling existing components for fiat currency and reinvesting it in Charles Hoskinson’s ADA token. As of July 1, 2021, each share of the GDLC basket is comprised of 67.47% Bitcoin (BTC), 25.39% Ethereum (ETH), 4.26% Cardano and the remaining 2.88% is a mix of Bitcoin Cash (BCH), Litecoin (LTC), and Chainlink (LINK). Back in April 06, 2021, Grayscale had pulled off a similar strategy of selling off existing components to include LINK, which currently comprises 0.86% of the portfolio. In the Bitcoin-dominated GDLC basket, ADA currently stands as the third Ethereum-based token after ETH and LINK, signaling a rising interest in the Ethereum ecosystem.Related: $30B ADA now staked as Alonzo smart contract excitement buildsSoon after the announcement, the market value of ADA shot up and has been on the climb to $1.45 from $1.33, a spike of 9.02% in three days.Cardano’s price hike can also be attributed to the launch of its first Alonzo smart contract testnet on May 27. In this effort, nearly $31 billion worth of ADA have been stacked across 2,665 pools to allow passive income for investors.”

Source: Cointelegraph.com News

IOEN Aims to Leverage Blockchain to Make Clean Energy Accessible

“[FEATURED CONTENT] In the world of cryptocurrencies, just a handful of projects contribute to the greater environmental issues leveraging blockchain technology. Potentially amongst the thousands of projects, sustainable projects currently have taken a back seat; however, IOEN’s vision and dedication have garnered increased attention. IOEN is a blockchain-based smart-grid energy

South Africa Bank to terminate accounts of clients offering crypto arbitrage services

“A leading South African bank reportedly sent account termination notices to several crypto clients. As per the local media, Standard Bank served notices to providers of automated cryptocurrency arbitrage services. The report noted that virtual currencies like Bitcoin trade at a higher price in South African exchanges compared to other