Investment bank Goldman Sachs is close to offering bitcoin to its private wealth management clients. In a memo shared with CNBC the bank said it aims to offer access to the emerging asset class by the second quarter of 2021.

Enjin, the blockchain development firm, has raised $18.9 million to build a Polkadot-based blockchain network, called Efinity. The proposed network will focus on serving the growing NFT market.

On Wednesday it was revealed that BlackRock had bought bitcoin futures in January via CMEs bitcoin Futures product. According to regulatory filings BlackRock held $6.5 million in CME Bitcoin futures and made a profit of $360,000.

Sponsored: Atani is a non-custodial app that enables portfolio monitoring, market analysis, trade execution and tax reporting for 1,500+ cryptocurrencies across 20+ exchanges.

Top stories in the Crypto Roundup today:

• Goldman Sachs to Offer Bitcoin to its Wealth Management Clients
• Enjin Raises $18.9M to Build a Polkadot-based Blockchain for NFTs
• Asset Management Giant BlackRock Bought Bitcoin Futures in January
• Sponsored: Atani: Free non-custodial trading terminal for 20+ crypto exchanges

Goldman Sachs to Offer Bitcoin to its Wealth Management Clients

Investment bank Goldman Sachs is close to offering bitcoin to its private wealth management clients. In a memo shared with CNBC the bank said it aims to offer access to the emerging asset class by the second quarter of 2021.

Mary Rich was recently appointed the position of global head of digital assets for Goldman’s private wealth management sector. Rich said in an interview this week that Goldman was looking to offer a “full spectrum” of investments in digital assets, either through holding actual bitcoin or through financial instruments such as derivatives. She went on to say:

″We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near term”

Enjin Raises $18.9M to Build a Polkadot-based Blockchain for NFTs

Enjin, the blockchain development firm, has raised $18.9 million to build a Polkadot-based blockchain network, called Efinity. The proposed network will focus on serving the growing NFT market. 

The $18.9 million was raised via a private token sale of the new Efinity (EFI) token, which will be used as currency for transaction fees that yield farmers can earn by staking Enjin Coin (ENJ) on Efinity.

The funding round was led by Crypto.com Capital, DFG Group and Hashed. Other notable investors included Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital and DeFi Alliance.

Asset Management Giant BlackRock Bought Bitcoin Futures in January

On Wednesday it was revealed that BlackRock had bought bitcoin futures in January via CMEs bitcoin futures product. According to regulatory filings BlackRock held $6.5 million in CME bitcoin futures and made a profit of $360,000.

These are very early days for BlackRock and the holdings represented only 0.03% of BlackRocks Global Allocation Fund. The $360,000 gains represented an even smaller 0.0014%. It does however mark a significant moment for the investment giant as January was the first time BlackRock gave the green light to two of its funds to trade bitcoin futures. In mid-February, BlackRock CIO Rick Rieder commented on the firm’s involvement with bitcoin:

“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,”

Daily Movers – FIL, TRX, EOS

Large cap smart contract platforms Tron (TRX) and EOS (EOS) have performed well in the past 24 hours with both coins posting impressive 23.83% and 18.64% gains. Filecoin (FIL) has had an even better day and is up 38.52%, making it the best performing coin with a market cap over $1 billion.

Filecoin (FIL) – Filecoin is a decentralized storage network that turns cloud storage into an algorithmic market. The market runs on a blockchain with a native protocol token (also called “Filecoin”), which miners earn by providing storage to clients. Conversely, clients spend Filecoin hiring miners to store or distribute data. Filecoin raised over $200 million in a 2017 ICO and launched its blockchain in 2020.

Tron (TRX) – TRON is a smart contract enabled platform with a native token (TRX). It has been competing with Ethereum to attract DeFi liquidity but to date has not been able to steal any significant market share from the incumbent smart contract platform. 

EOS (EOS) – EOS is well known for its mega ICO in 2017 that raised a staggering $4.1 billion. EOS brands itself as a faster more versatile version of Ethereum and has also been seeking to attract DeFi liquidity from Ethereum, it too has struggled in this endeavour. Critics say that EOS compromises on decentralisation to increase its throughput.

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