Crypto asset manager Grayscale’s chief executive officer Michael Sonnenshein has announced a fee reduction plan for the company’s flagship Bitcoin exchange-traded fund, the Grayscale Bitcoin Trust (GBTC). In a U-turn from defending its increased charges, Sonnenshein said that costs would decrease after GBTC outflows exceed $12 billion. According to Grayscale
March 20, 2024 2 mins read
Following MicroStrategy’s most recent Bitcoin purchase, prominent gold investor and crypto skeptic Peter Schiff openly criticized CEO Michael Saylor. An additional 9,245 Bitcoins were purchased by MicroStrategy for around $623 million, according to Saylor. A total of 214,246 Bitcoins, valued at $35,160 apiece, are now in the company’s possession as
March 20, 2024 1 min read
A fresh investment round for MANTRA, the Layer 1 blockchain for Real World Assets (RWA), has concluded, the company stated. Leading MENA venture and technology investor Shorooq Partners spearheaded the $11 million funding round. A wide spectrum of strategic investors also contributed to the fundraising, including Three Point Capital, Forte
March 19, 2024 3 mins read
The pace of decrease in the ether supply is also at its quickest since May 2023. According to statistics from ultrasound.money, the supply of ether has been decreasing at a rate of 0.872% per year during the previous 30 days. To put that in perspective, the rate of decrease has
March 18, 2024 2 mins read
In keeping with the ecosystem’s ongoing expansion, Solana (SOL) has surpassed Binance coin (BNB) in market capitalization to become the world’s fourth biggest cryptocurrency. True enough, the two assets have been trading places, with CoinMarketCap reporting a 3.05% drop in BNB’s market valuation during the last 24 hours. Solana has
March 17, 2024 2 mins read
Charles Hoskinson has dispelled detractors’ accusations that Cardano Hydra has been disbanded, referring to them as FUD, or Fear, Uncertainty, and Doubt. Charles Hoskinson, founder of Cardano, has said that the speculations suggesting that Cardano Hydra has been abandoned are baseless rumors. According to the founder, there will be new
March 17, 2024 1 min read
The volume on the Solana (SOL) blockchain DEX has reached a new record high. The total transaction volume on the Solana DEX in a single day has surpassed $3.5 billion. This increase is in line with the general trend of rapid expansion in the crypto industry that has been going
March 17, 2024 1 min read
Censoring listed tokens is one way that crypto exchange Binance is trying to keep its users secure. Cryptocurrency investors have fallen victim to rug pull schemes using unverified digital assets. At the end of the day, investors lose millions of dollars due to these frauds. Regulators, who already see cryptocurrency
March 16, 2024 1 min read
March 15 saw the addition of cryptocurrency exchange MEXC to the warning list maintained by Hong Kong’s Securities and Futures Commission (SFC). The SFC has said that MEXC is advertising its services to investors in Hong Kong even though it does not have a license to operate in the region
March 16, 2024 2 mins read
The recently launched decentralized physical infrastructure network (DePIN) io.net is planning to include Apple silicon chip technology into its artificial intelligence (AI) and machine learning (ML) offerings. Using GPU processing power from dispersed data centers, cryptocurrency miners, and decentralized storage providers, Io.net’s Solana-based decentralized network powers machine learning and artificial intelligence
March 14, 2024 2 mins read