Shiba Inu’s price performance shows some bullish tendencies
Grayscale Bitcoin Trust victory sparks surge in market activity and narrows GBTC discount
Quick Take The cryptocurrency market has seen significant activity after Grayscale Bitcoin Trust’s (GBTC) victory over the SEC. Over the past 24 hours, liquidations in the crypto market amounted to $171 million, while shorts represented an even more significant segment at $119 million. This flurry of trading activity, likely influenced by GBTC’s legal triumph, is […]
South Korean parliament rejects expelling lawmaker over crypto scandal
South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3:3 vote in the expulsion motion.
Elon Musk’s X platform obtains the licence needed for adding crypto payments
Pic via Getty Images On a day in crypto when (although Bitboy’s doing his best), Elon Musk figured he’d also step up to the plate, with some X-related news. This may well have slipped under the radar of most observers, but it’s pretty interesting – quite possibly mostly for holders of Dogecoin (DOGE), which we’ll […]
It’s a Bullish Double Whammy For Bitcoin, but Caution Still Warranted
Grayscale’s legal victory over the SEC and disappointing U.S. labor market data support upside in bitcoin. But the bullish scenario is not without risks. Updated Aug 30, 2023 at 9:57 a.m. UTC For now, stars look to have aligned in favor of the bulls, thanks to Grayscale’s legal victory over the SEC and the horribly […]
Grayscale Bitcoin Trust victory sparks surge in market activity and narrows GBTC discount
Quick Take The cryptocurrency market has seen significant activity after Grayscale Bitcoin Trust’s (GBTC) victory over the SEC. Over the past 24 hours, liquidations in the crypto market amounted to $171 million, while shorts represented an even more significant segment at $119 million. This flurry of trading activity, likely influenced by GBTC’s legal triumph, is […]
SEC’s Sealed Binance Court Filing: A Criminal Probe?
The SEC has moved a motion to file sealed court documents against Binance, with observers noting potential bad news ahead. Continue reading at DailyCoin.
Bankrupt BlockFi proposes client asset conversion into stablecoins for trade-only wallets
Cryptocurrency lender BlockFi has filed a proposed court order seeking approval to convert certain client assets into withdrawable funds as part of its ongoing bankruptcy proceedings. The company applied to bankruptcy court on Aug. 30, requesting authorization to exchange limited cryptocurrency holdings known as “trade only” assets into stablecoins. According to the filing, the trade-only […]
Software Engineer Validates Shibarium Bridge’s Performance for Shiba Inu (SHIB)
Shibarium has successfully been tested in the public with results showing that initial technical hiccups have been fixed. A software engineer has tested the Shibarium bridge to Ethereum, sharing the successful operation on X. A software engineer has shared the results of an experiment to see how the Shibarium bridge works by transferring a bit […]
Grayscale Bitcoin Discount Hits 18-Month Low Amid SEC Court Win
The discount between Grayscale’s Bitcoin Trust (GBTC) price and the value of Bitcoin has dropped to its lowest level since December 2021, hitting 18.06% this morning, per Coinglass data. Currently, Grayscale Bitcoin Trust holds $17.10 billion worth of Bitcoin. The move came after Grayscale won a landmark victory against the SEC yesterday. A D.C. circuit […]