Grayscale Crypto Firm Is in Trouble Once More After Osprey Filed A New GBTC Lawsuit
Grayscale, a division of Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), is in hot water after Osprey Funds, a competitor in the market, filed a lawsuit against it for how it promoted the Grayscale Bitcoin Trust (GBTC) fund. Osprey claimed in the complaint that Grayscale had engaged in “unfair and deceptive activities” and “unfair […]
Finance Lender Aave launches version 3 on the Ethereum Network
Following unanimity in favor of a governance proposal, the decentralized lending and borrowing protocol Aave has launched its third iteration on the Ethereum network. When staking or borrowing correlated assets like stablecoins and liquid staking derivates, the Aave V3 update will concentrate on reducing user risk and increasing capital efficiency (High-Efficiency Mode) (LSDs). Derivative contracts […]
Arizona State Senator Supports Legislation to Make Bitcoin Legal Tender
Arizona state senator Wendy Rogers has introduced proposals about cryptocurrencies, one of which seeks to make Bitcoin (BTC) legal cash in the state. In a recent tweet, Rogers announced the release of a set of cryptocurrency bills and highlighted statistics from financial company Goldman Sachs indicating that Bitcoin is the best-performing asset globally. Making BTC […]
Bitcoin Maintains Above $23K as Traders Focus on Fed’s Upcoming Meeting
As investors anticipated the Federal Open Market Committee’s interest rate decision next week and any cues policymakers may give about when their rate-hiking campaign would finish, Bitcoin (BTC) stayed over $23,000 on Friday. The most recently traded cryptocurrency by market capitalization was valued at about $23,100, an increase of 0.1% for the day. With a […]
DOJ Alleges Sam Bankman-Fried Requests a Communication Ban After Attempting to Influence Witness Testimony
On Friday, federal prosecutors sent a letter to U.S. District Court Judge Lewis Kaplan asking him to change Sam Bankman-bail Fried’s terms to include a prohibition on private conversations with current and former FTX and Alameda Research personnel. The Department of Justice (DOJ) requested after Bankman-Fried allegedly tried to sway the testimony of at least […]
The Fear and Greed Index for Bitcoin ($BTC) Displays
The Fear & Greed Index for Bitcoin ($BTC), which measures investor confidence and attitude toward the market, just reached “greed” for the first time in almost a year. The shift to a state of greed is occurring as Bitcoin, the leading cryptocurrency appears to be stabilizing at approximately $23,000 after beating most other assets so […]
Societe Generale Withdraws $7 Million in DAI From The MakerDAO Vault
After a unanimous vote, MakerDAO added the bank’s digital asset-focused subsidiary, Societe Generale-Forge, to its vaults in August, with a credit limit of $30 million in DAI. French banking giant Societe Generale has used its MakerDAO vault for the first time to withdraw $7 million worth of MakerDAO’s stablecoin DAI. Following a majority vote, MakerDAO […]
This Much Would Have Been Gained if You Had Invested $1 in BTC 10 Years Ago
When compared to its current value, a single Bitcoin (BTC) coin cost only $13.30 in 2013. This is in stark contrast to the current value of the flagship digital asset. Many investors are regretting themselves for not investing in Bitcoin in its “early days,” wondering how much $1 invested in Bitcoin back then would be […]
Bitcoin Crosses the $21,000 Mark, Shattering a Historic Line of Resistance and Closing The FTX Gap
Bitcoin has tested the $21,000 level, erasing the damage done to BTC’s price by suspected fraudster and FTX founder Sam Bankman-Fried. The leading cryptocurrency is up 11% in the previous 24 hours and is currently trading at $20,975 at the time of publication. The emergence of Bitcoin has spurred a sweeping spike in the total […]
Binance CEO Makes Fun of Crypto Skeptics Jim Cramer as BTC Crosses the $20k Mark
Changpeng Zhao, the CEO of Binance, the largest cryptocurrency exchange, mocks Jim Cramer, a fervent crypto skeptic who has advised crypto investors to liquidate their Bitcoin holdings at a loss. The Binance CEO mocked Cramer on Twitter yesterday after the crypto skeptic’s pessimistic prediction regarding crypto proved incorrect. Bitcoin (BTC) plummeted from above $21,000 to […]
