Grayscale, the digital asset management firm, has filed an amended S-3 filing with the United States Securities and Exchange Commission (SEC) following a recent leadership shuffle and the departure of Barry Silbert, the CEO of Grayscale’s parent company, Digital Currency Group. The filing indicates that Grayscale has reached a compromise with the SEC, agreeing to […]
TrueUSD, the fourth largest stablecoin in the market, has announced a strategic initiative to improve trust in stablecoins. The initiative aims to address the controversial issue of transparency of trust reserves in stablecoins. TrueUSD has partnered with MooreHK, one of the largest accounting firms in Hong Kong, to provide attestation services for its fiat reserves.Stablecoins […]
Former President Donald Trump has reportedly sold off 1,075 ETH, worth an estimated $2.4 million, over the past three weeks. The sale was made from a crypto portfolio believed to belong to Trump, and the ETH was sent to Coinbase. Trump has been trying to revive his non-fungible token (NFT) trading card business, but with […]
The Argentine government has introduced a bill that aims to regulate undeclared cryptocurrencies, including bitcoin, under a new tax regime. The proposal, known as the “law of bases and starting points for the freedom of Argentines,” seeks to establish a legal framework for the regularization of assets, including cryptocurrencies and cryptoassets. This move recognizes the […]
Cryptocurrency exchange Bitzlato has temporarily halted Bitcoin withdrawals following the guilty plea of its former CEO and co-founder, Anatoly Legkodymov, to criminal charges in the US. Legkodymov agreed to dissolve the exchange as part of his plea deal, which also involved forfeiting $23 million in cryptocurrency.The decision to suspend Bitcoin withdrawals is said to be […]
The newly formed government of Argentina, led by libertarian Javier Milei, has introduced a bill to ease the path to legalizing cryptocurrency holdings, even for those who have not declared their taxes. The bill, known as the Law of Bases and Starting Points for the Freedom of Argentines, encompasses various reforms in tax, labor, criminal, […]
More than a month before its official launch, Blast has already received $1.1 billion in deposits. This is a significant amount considering the platform is not yet live. Depositors can look forward to receiving an airdrop in May 2024, which they can redeem.This early success indicates a strong interest in Blast and suggests that it […]
Cathie Wood’s asset management firm, ARK Invest, has sold all its positions in Grayscale’s Bitcoin Trust (GBTC) and purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO). This move is part of ARK’s ongoing trading activities that have impacted its Bitcoin-related holdings. The selling spree also included divesting over 700,000 units of GBTC in […]
ARK Invest, the institutional asset management firm led by Cathie Wood, has sold its entire remaining holdings of Grayscale Bitcoin Trust (GBTC) worth $200 million. The firm used half of the proceeds to invest in Bitcoin Futures ETF Bito, making it the second-largest holder of Bito. However, analysts believe this move is temporary as ARK […]
The US banking giant J.P. Morgan has solidified its leadership position, with its US banking subsidiary generating nearly one-fifth of the industry’s profits in the first nine months of the year. According to the Financial Times, the bank earned $38.9 billion in profit during this period, accounting for approximately 18% of the total industry profits. […]
