Author: Crypto Insider

Asset manager Grayscale has rebalanced weights for three of its crypto funds, removing tokens such as Polygon while adding Avalanche and XRP, according to an announcement on Jan. 5. The new allocations are part of Grayscale quarterly review and impact its Digital Large Cap Fund (GDLC), DeFi Fund (DEFG), and Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). According to…

The price of one whole Bitcoin can deter potential investors who are hesitant to buy only a fraction of the cryptocurrency due to unit bias psychology, which favors owning complete units, according to VanEck advisor Gabor Gurbacs. He suggests that Bitcoin exchange-traded funds (ETF) are a solution to this challenge. In a series of posts on…

Spain’s central bank, Banco de España, has chosen its collaborators a year after publishing an open call for partners to participate in central bank digital currency (CBDC) tests. On Jan. 3, the central bank published a resolution announcing its partnership with Cecabank, Abanca, and Adhara Blockchain. The pilot of the wholesale CBDC will take place in the…

Dennis M. Kelleher, CEO of nonprofit organization Better Markets, has urged the United States Securities and Exchange Commission (SEC) to not approve a spot Bitcoin exchange-traded fund (ETF). He argued that it goes against the core principles of the regulatory body. In a letter addressed to SEC secretary Vanessa Countryman on Jan. 5, Kelleher emphasized that if…

Artificial intelligence startup Perplexity announced a series of milestones and updates on Jan. 4. Highlighting the news is the company’s Series B successful completion, which raised $73.6 million. The fundraise was led by IVP, whose investment portfolio includes numerous crypto and fintech companies such as Coinbase and Robinhood. It was joined by Series A investors…

Speculation that the SEC is set to approve a spot Bitcoin exchange-traded fund (ETF) on Friday has reached a fever pitch on social media. A tweet from Grayscale’s legal chief that he was “just filling out some forms,” in addition to a widely shared tweet from a reporter has fueled speculation that approval could come through…