Kiffmeister’s #Fintech Daily Digest (01/29/2021)*

Diem Scam Alert

Bitcoin.com, usually a reliable news source, posted a story about Diem offering a pre-sale discount for early investors at projectdiem.io. It claimed that now everyone “can participate in the birth of diem and be one of the first buyers. Buy diem coins now with cryptocurrencies like bitcoin, ethereum, and bitcoin cash.” And if you follow the link and sign up, this is what you will see. Looks pretty good, eh! But it’s a scam. Don’t go there!

Grayscale is buying BTC 54% faster than it is mined so far in 2021

Grayscale bought 40,000 Bitcoin (BTC) between January 13 and 29, around $1.36 billion worth in 16 days according to Glassnode. That compares to 26,000 BTC that have been mined into existence since the start of the year. 

* The views expressed herein are those of the author and should not be attributed to the International Monetary Fund, its Executive Board or its management.