The post Crypto recap: What went down today? appeared on BitcoinEthereumNews.com.

Today’s crypto industry is like a high-octane thriller – filled with twists, turns, and suspense. From executive shake-ups to billion-dollar mints and creditor paybacks, the crypto world isn’t just moving; it’s sprinting. Let’s dive into the whirlwind of events that have caught the attention of investors, skeptics, and enthusiasts alike. Grayscale’s Board Revamp and Tether’s Billion-Dollar Maneuver Grayscale Investments, a heavyweight in the crypto investment sector, announced a significant reshuffle in its boardroom. This move has seen the resignation of CEO Barry Silbert and President Mark Murphy, making way for fresh faces like Mark Shifke, Matthew Kummell, and Edward McGee starting January 2024. This development is stirring up conversations, especially as Grayscale remains in the race for a coveted Bitcoin spot exchange-traded fund (ETF). On another front, Tether, the titan behind the world’s largest stablecoin, sparked skepticism after minting a colossal one billion “authorized but not issued” USDT on Christmas Day. Tether CEO Paolo Ardoino stepped in to clarify, labeling it an “inventory replenish” on Ethereum. However, this move raises questions about the stablecoin’s operations and market impact. Mt. Gox Creditors Finally Seeing Payback? In a turn of events reminiscent of a long-awaited climax in a drama series, creditors of the defunct crypto exchange Mt. Gox have reportedly begun receiving repayments in fiat currency. Nearly a decade in the making, this development marks a significant milestone for those affected by the exchange’s collapse in 2014. The repayments are allegedly being processed through PayPal in Japanese Yen, providing a semblance of closure to a long-standing saga in the crypto world. CZ’s Billion-Dollar Leap and Legal Limbo Binance‘s former CEO, Changpeng “CZ” Zhao, is in the spotlight for adding a jaw-dropping $25 billion to his net worth since December 2022. As per Bloomberg’s Billionaires Index, CZ’s fortune now stands at a staggering…

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Filed under: News - @ December 26, 2023 10:14 pm