Tag: Grayscale

Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders. Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens. Grayscale announced on March 16 that the company intends to extend…

Grayscale’s chief was the latest to take a swing at the authority for its so-called “regulation by enforcement” actions. The approach to crypto regulatory enforcement by the United States Securities and Exchange Commission (SEC) has stalled the advancement of Bitcoin in the country, according to the CEO of Grayscale Investments. In a letter published in The Wall Street…

Genesis, a subsidiary of Barry Silbert’s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry. It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11…

The crypto market is down today after the U.S. government cracks down on Bitzlato and stocks begin to give back some of their gains from the start of the year. The crypto market is down today, as a slew of negative news events weigh on Bitcoin, Ether and altcoin prices. After jumping to yearly highs,…

Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, according to Galaxy Digital Holdings CEO Mike Novogratz. Galaxy Digital Holdings CEO Mike Novogratz has hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis, saying while it’s “not good news,” it won’t “include a lot…

Shares of Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin fund, reached a record-high discount rate of above 47% relative to the price of Bitcoin (BTC). Bearish sentiment surrounding the trust deepened over fears that crypto trading firm Genesis Global Trading, with the same owner, could file for bankruptcy. GBTC is a way for investors…