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Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), is updating the trust’s agreement for the first time since 2018, according to a Wednesday filing. The aim is to optimize GBTC’s structure for an anticipated change to a spot bitcoin ETF and level the playing field when it comes to
Read MoreBankrupt crypto exchange FTX, led by newly appointed CEO John Ray III, has embarked on an intensive legal campaign to regain control
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FTX intensified its asset recovery operations under legal scrutiny as founder Sam Bankman-Fried prepares for his October trial in October. Spearheaded by FTX Chief Executive and Restructuring Officer John J. Ray, the company aims to reclaim billions of dollars that were lost. In a recent development, the exchange initiated legal proceedings
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Without aggressive marketing tactics, fintech giant PayPal is quietly and consistently venturing deeper into the crypto space, rolling out features and building key partnerships to advance its digital assets strategy.This week, PayPal unveiled new on-ramps and off-ramps for cryptocurrencies for its clients in the United States — a noteworthy step
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Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform. In an Aug. 22 statement, the crypto exchange announced that USDT was being adopted as the new “base
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The latest price moves in bitcoin (BTC) and crypto markets in context for May 23, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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The ability to trade bilateral options tied to cryptocurrencies with Galaxy removes credit risk, which is normally associated with traditional OTC options trades, Galaxy said in a statement. This is because users send their collateral to a smart contract rather than to a counterparty, making the user less exposed to
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The artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba reportedly integrating the technology into their businesses. The Chinese giant is working on its own chatbot assistant, while the social media platform is apparently leveraging AI to “detect & highlight manipulation
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The move comes as a surprise, considering that Musk was recently at the forefront of another movement that raised concerns about the development of AI. Billionaire businessman Elon Musk has reportedly made some new buys in line with Twitter’s artificial intelligence (AI) project. According to a Business Insider report, Musk is
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In March, TeraWulf started bringing machines online in its Nautilus facility in Pennsylvania, which is fully powered by nuclear energy. At the site, the miner has secured power agreement for 2 cents per kilowatt hour (kWh) of electricity for five years, which will bring its energy costs down to 3.5
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