Crypto investment firm Digital Currency Group (DCG) has upped its authorization to purchase Grayscales Bitcoin Trusts (GBTC) shares from $750 million to $1 billion. The trust is run by digital asset manager Grayscale Investments, which is itself owned by DCG. In an announcement on Wednesday, DCG said that it plans to use cash on hand to fund the purchases and…
Margin trading has always been an advanced trading activity that allowed experienced traders to get more out of their money. It involves users borrowing funds from an exchange or other traders to make potentially bigger profits… or losses. If you’re new to the world of crypto trading, then we recommend you to either study the essentials (if you are a…
Nigeria’s company registration agency, the Corporate Affairs Commission (CAC), reportedly rejected an application for registration by a start-up on the basis that blockchain is yet to be recognized by the Nigerian government. Decision Disappoints Blockchain Community According to a report, the unnamed start-up, which is building an API connection for blockchain gaming rewards, was told the agency will only process…
In brief NFT studio Candy Digital has raised $100 million at a $1.5 billion valuation. Its majority owned by sports merchandise firm Fanatics and is the official NFT partner of Major League Baseball. Candy Digital launched in June as the official NFT partner of Major League Baseball, swinging for the fences with officially licensed MLB crypto collectibles. Now the Fanatics-owned…
You know the old saying, right? As goes Bitcoin, so goes Ethereum. Well, if the twin booms of decentralized finance (DeFi) and NFTs over the past year made you forget, it’s time to remember. Just a few hours after Bitcoin reached a new all-time high price of $67,276 thanks to a big trading day for the first-ever Bitcoin futures ETF,…
Russian oligarch Oleg Deripaska has once again called on the Russian government to stop ignoring Bitcoin (BTC) after the United States Federal Bureau of Investigation raided his homes in Washington and New York.In an Oct. 21 Telegram post, Deripaska argued that the Bank of Russia has been “infantile in ignoring the growing cryptocurrency market,” while the U.S. Department of the…
Tech billionaire Peter Thiel said that he’s “underinvested” in Bitcoin during an appearance in Miami, adding that the rise of cryptocurrencies “tells us that we are at a complete bankruptcy moment for the central banks.” With Bitcoin recently reaching an all-time high of over $67,000, Thiel pondered whether it would rise further. “Bitcoin at $66,000. Is it going to go…
Decentralized finance (DeFi) projects built on the Solana network are having a field day. According to data aggregator DeFiLlama, the total value locked (TVL) of all DeFi projects built on the network has hit a record value of $12.7 billion at press time. TVL is a commonalbeit slightly controversialmetric that tracks how much money is locked inside a specific protocol,…
In brief Mt. Gox creditors may soon receive billions of dollars worth of Bitcoin. It has been an uphill struggle for those who lost money amid the Mt. Gox collapse in 2014. Mt. Gox creditors are expected to recover more than $9 billion worth of Bitcoin, according to a rehabilitation plan document filed with the Tokyo District Court for the…
After the Proshares Bitcoin Strategy exchange-traded fund (ETF) listed and smashed records in the first two days of trading, Vaneck’s bitcoin futures ETF was given the green light to start trading next week. Furthermore, sources say that the Valkyrie Bitcoin Strategy ETF is set to launch this week with a possible listing on Friday. Proshares Bitcoin ETF Smashes Records October…
