MAY 5 DIGEST: GBTC Begins Trading on Public Markets, Credit Card Sized Bitcoin Wallet Launches at TechCrunch Disrupt NY

The publicly traded shares of the Bitcoin Investment Trust have officially started trading on the public markets, Bitcoin startup Case has launched its Bitcoin hardware wallet on-stage at TechCrunch Disrupt NY, and more top stories from May 5.

Bitcoin Investment Trust’s GBTC Begins Trading on Public Markets

The publicly traded shares of the Bitcoin Investment Trust (BIT) have officially started trading under the ticker GBTC. For the first time in its history, Bitcoin can now be bought and sold on the public markets. According to posts on Reddit and Twitter, it seems like some of the trades that so far have gone through indicate that GBTC is trading much higher than on actual Bitcoin exchanges – relatively speaking. Some traders have paid up to the equivalent of US$1750 per bitcoin.

BIT logo

Credit Card Sized Case Bitcoin Wallet Launches at TechCrunch Disrupt NY

Rochester-based Bitcoin startup Case has launched its hardware bitcoin wallet on-stage at TechCrunch Disrupt NY. The standalone device, which is the approximate size of a credit card, is said to provide uncompromising security and ease-of-use for Bitcoin buyers, sellers and users.

Case CEO Melanie Shapiro stated:

“Case represents an evolution for bitcoin users who buy, sell and use bitcoin (…) Since bitcoin is used just like cash, it is imperative to incorporate multi-signature security with greater simplicity and ease-of-use to ensure widespread consumer adoption. We’ve achieved both of these with our bitcoin wallet.”

Case CEO Melanie Shapiro

Gavin Andresen Explains why he thinks Increasing the Block Size Limit is Urgent

Following his earlier proposal to increase the block size limit to 20 MB, Bitcoin Foundation Chief Scientist and Core developer Gavin Andresen