Cathie Wood’s Ark Invest offloaded a piece of its Grayscale Bitcoin Trust (GBTC) shares since November’s Bitcoin price lows, the latest data indicates. During the month of November 2022, Ark Invest increased the value of the ARK Next Generation Internet ETF (ARKW) by $4.5 million by purchasing 450,272 GBTC shares.
January 23, 2023 1 min read
Bitcoin’s popularity has skyrocketed, and it shows no signs of slowing down. Bitcoin mining activities will soon be started in the United States’ first data center fueled entirely by nuclear energy. A report claims that Cumulus Data, a subsidiary of independent power producer Talen Energy and a developer of zero-carbon
January 23, 2023 1 min read
Surprisingly, the blockchain showed a transaction from Justin Sun’s Tron DAO. A Tron DAO wallet sent $180M to the Binance exchange a few hours ago. Given the timeframe, the market impact might occur soon. Users have speculated about the possibility of forthcoming purchasing activity on the market despite the fact
January 22, 2023 1 min read
The protocol has started burning ETH at a tremendous pace as part of EIP (Ethereum Improvement Proposal) 1559, which was released in August 2021. To comply with EIP-1559, a little bit of every Ethereum transaction is wiped out. This includes every NFT trade, yield strategy, and even basic token transfer.
January 21, 2023 1 min read
On Thursday, Genesis, a struggling crypto lending behemoth, filed for bankruptcy protection. With the Stellar Development Foundation identified as one of the top creditors. According to Genesis’s bankruptcy papers, the foundation has a claim for $13 million. It was revealed that the foundation extended a loan of roughly $13 million
January 21, 2023 1 min read
On January 20th, major cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy. In the aftermath of FTX’s demise by filing for Chapter 11 bankruptcy protection in New York. The crypto community, however, is now more concerned about other businesses that were exposed to the lending organization.
January 20, 2023 2 mins read
On Tuesday, the Securities and Exchange Commission (SEC) of Thailand made public new regulations. For the administration of digital wallets for custody of digital assets and keys. Since January 16th, the new rules have been in place. The Thai SEC detailed the requirements for companies offering digital asset custody services
January 20, 2023 1 min read
AllianceBlock, which sets up trustless and decentralized infrastructure to create seamless gateways between TradFi and DeFi, today announces a strategic partnership with ARTBANX, the most complete, adaptable, and secure collection management system available to collectors, art professionals, and financial institutions. A significant step toward bridging the gap between Traditional Finance
January 20, 2023 3 mins read
In an effort to preserve liquidity, venture capital company Digital Currency Group (DCG) has informed its shareholders that it would not be paying out its quarterly dividends until further notice. In a letter to shareholders dated January 17th. The company stated its intention on “strengthening our balance sheet by reducing
January 18, 2023 1 min read
The completion of the Bitcoin Miner GRIID and a blank-check merger has been pushed back yet again. This past week, Adit EdTech, a special purpose acquisition company (SPAC), revealed in an SEC filing that it had extended the deadline for the merger from January 14 to February 14. The original
January 18, 2023 1 min read
