Concurrent with Barry Silbert’s announcement of his departure from Grayscale’s board of directors, crypto asset management firm Grayscale filed an updated S-3 with the U.S securities regulator. Silbert is the CEO of Digital Currency Group, the business’s parent company. While the company waits for a judgment from the SEC, some
From $33.3 billion last year to $10.7 billion in 2023, venture capitalists (VC) put 68% less money into blockchain and cryptocurrency firms. With a decrease in the second half and an increase in November, the majority of these investments occurred in the first half of the year. One interesting trend
Notable executives at cryptocurrency investment business Grayscale Investments have resigned from their positions on the board. The company runs the Grayscale Bitcoin Trust. In its 8-K filing with the U.S SEC on December 26, Grayscale formally revealed that Barry Silbert, founder and CEO of Digital Currency Group (DCG), the parent
A well-known Shiba Inu trader has predicted that the valuation of Shiba Inu (SHIB) will reach $0.001 in five years, which indicates a cautious and conservative outlook for the cryptocurrency. This projection suggests that SHIB will grow at a comparatively slow rate over the long run.Shiba Inu became well-known in
The computing power of the Bitcoin network, often known as the mining hash rate, hit a new record high recently. However, with profitability taking a nosedive, miners are feeling the heat. According to Blockchain.com, the hash rate of Bitcoin hit a record high of 544 exahashes per second (EH/s) on
Bitcoin has bounced back from its losses in 2022, reaching a new annual high and exhibiting indications of a robust year-end. Looking at past trends, it seems like there may be more growth ahead. This month, BTC reached a new year high of more than $44,000, recouping most of the
The ex-CEO and co-founder of BitMEX is warning that spot Bitcoin ETFs, should they become too popular, may “completely destroy” Bitcoin. In a recent blog post, Hayes said that Bitcoin’s worth is due to the fact that “it moves.” Spot Bitcoin ETFs, on the other hand, are designed to “vacuum
The United States Securities and Exchange Commission (SEC) has unveiled crucial updates on the eagerly anticipated approval process for spot Bitcoin exchange-traded funds (ETFs). The approval, expected in January 2024, has heightened speculation about the future trajectory of Bitcoin. The SEC has disclosed that the initial wave of potential spot
Crypto firms are increasing their donations to U.S politicians at a time when the market for cryptocurrencies is being closely monitored by regulators in Washington. Some major participants are increasing their funding to help elect pro-crypto lawmakers and forward legislation that has stagnated in Congress. These include Circle, Coinbase, and
The Japanese government adopted the framework for crypto tax reform for fiscal year 2024 at a cabinet meeting that took place on December 22nd. A major adjustment affecting firms holding crypto assets comes with this change. Corporations owning virtual currencies issued by third parties are no longer subject to the
