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The state of the Grayscale Bitcoin Trust (GBTC), the largest BTC trust in the world, has sparked concerns among investors in the space. With such a large discount to net asset value (NAV), there have been discussions on where the fund goes from here and if it is in trouble.
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Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscale’s Bitcoin Trust (GBTC). The company states that it is “uniquely qualified” for the role and plans to facilitate redemptions at net asset value (NAV) through a Regulation M filing. Valkyrie Offers to Take Over
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Steve Newcomb is a Silicon Valley veteran with a long list of achievements. He built software for trading energy in the 90s, was a pioneer in adding email to phones, and helped create the back end of the
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Ankr announced that it has made sweeping changes to its security outlook following a protocol exploit by an ex-employee. DeFi protocol Ankr has ascribed the recent malicious $5 million exploit it suffered to a former employee. The platform has stated that it would shore up its defenses to avert similar recurrences and
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Bitcoin detractor and economist Peter Schiff has taken another swipe at the digital asset and MicroStrategy, a public company that is heavily invested in the digital asset. Schiff has always been vocal about his disdain for bitcoin and has now turned his attention to MicroStrategy and its former CEO, Michael
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Ethereum co-founder Vitalik Buterin has shared three “huge" opportunities yet to be realized in crypto, including mass crypto wallet adoption, inflation-resistant stablecoins, and Ethereum-powered website logins.During an interview with Bankless co-owner David Hoffman, Buterin shared his outlook for the crypto industry in 2023, responding to Hoffman’s raised concern that the
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Bitcoin price touched a high of nearly $18,400 in anticipation of today’s Federal Reserve meeting, where the US central bank was expected to raise interest rates by 50 basis points. Volatility picked up as the Fed meeting commenced, with Bitcoin suffering a sudden pullback to $17,700. Here’s what you need to
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A number of Republican senators were no-shows at the FTX hearing, and the crypto views of Sen. Tim Scott, (R-S.C.), who is set to serve as the committee’s ranking Republican in the next congressional session, remain an open question. He’s replacing Sen. Pat Toomey (R-Pa.) in that role, and Toomey
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According to a new Twitter post by SushiSwap CEO Jared Grey, the decentralized exchange, or DEX, experienced a $30 million loss in the past 12 months on incentives for liquidity providers, or LPs. As explained by Grey, SushiSwap currently employs a token-based emission strategy to incentivize LPs, but the current
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