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Grayscale Investments, known for its Grayscale Bitcoin Trust (GBTC), is planning on filing an application to convert its flagship fund into a spot ETF early next week. Grayscale, which has been the dominant player in the digital asset space, is now looking to revamp its fund due to competition. First Bitcoin
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The move follows mounting pressure from regulators against the Binance brand including in countries such as Australia, the U.S., and the U.K. Oct 6, 2021 at 4:15 a.m. UTCUpdated Oct 6, 2021 at 4:15 a.m. UTCBinance CEO Changpeng Zhao. (Akio Kon/Bloomberg via Getty Images) Source
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THORSwap currently only offers coins that are supported by THORChain, including BTC, LTC, ETH (and ERC-20 tokens) and BNB, but it is looking to integrate more coins outside of THORChain’s liquidity. Two tokens of interest are 1INCH and 0x, THORSwap advisor CloudPleasr told CoinDesk. Original Source
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“The market for arbitrary smart contract execution is much larger than the oracle market, probably, so it’s a natural move for Chainlink to try to move into this space,” he said. “At the end of the day, the better product should win, and they will also add to the growth
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The crypto market has been surging recently and there’s one cryptocurrency — Bitcoin (BTC) — leading the way. After having suffered through volatility for the better part of the last 60-some days, the flagship crypto has showcased a high level of recovery, even breaking past its 200-day moving average earlier
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With yield farms in full swing, traders are jumping from one high yielding farm to the next in what looks to be shaping up for a defi summer.For those who want to “stack multiple juicy yields,” SteakBank is backed by big players like Factorial Ventures, Signum Capital, MW Partners, LayerX
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HomeNewsCrypto NewsTether Zips Past $50B and Heats Up the Crypto Market Tether (USDT), the world's largest stablecoin, just reached a market capitalization of $50 billion at the end of April 2021. A definitive sign that the cryptocurrency bull market is warming up, the Tether supply has grown by more than a
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With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit.The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit Stats. The gains are hardly surprising given DOGE’s
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Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network. While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem
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Banks are moving into crypto and crypto companies are trying to become banks, so how does it all play out?On this edition of the weekly recap, NLW looks at the brewing battle to be the bitcoin and crypto bank of the future. He looks at three stories reporting banks getting
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