Grayscale withdraws its Ethereum Futures ETF application

Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1.Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform. Apart…

The price of Bitcoin (BTC) has seen low volatility throughout the past six weeks, hovering in the $9,300 to $9,900 range for most of the time. This has led traders to warn that it is likely to cause a massive price movement in the near-term.Over the last 12 months Bitcoin has seen two extended ranges.…

In worsening news for users of Microsoft’s email services like Outlook, Hotmail and MSN, several cryptocurrency holders affected by a recent hack allege that the hackers responsible stole their crypto, as reported by Vice’s Motherboard on April 29.  One victim claimed on a Dutch tech forum to have lost just over 1 bitcoin (BTC), or almost…

Blockstream CEO Adam Back — inventor of the hashcash Proof-of-Work (PoW) system later used in Bitcoin’s (BTC) mining algorithm — has controversially compared Ethereum (ETH) with the now-defunct biotech startup Theranos.  As part of a Twitter exchange published on Nov. 26, Back claimed that Ethereum’s allegedly overweening promises could be compared to the failures of Theranos.…

Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be “rugged.”

Bitcoin (BTC) held a snap rebound on May 18 as analysts hoped that further upside would come next.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBTC price sustains knee-jerk move higherData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it circled $27,400 on Bitstamp.The pair had made swift gains toward the prior day’s Wall Street…

From refusing to bank crypto trading desks to closing accounts held by platforms, the mainstream financial sector appears to be putting up roadblocks to seamless cryptocurrency commerce. Without banking support, exchanges are often forced to depend on other fiat on-ramps to service the deposit and withdrawal needs of their customers.The apparent discrimination against crypto exchanges…

LINE Pay said it was considering adding other cryptocurrencies including Bitcoin and Ether to its payments options in the future 508 Total views 5 Total shares Users of Japanese messaging giant LINE will soon be able to use the app’s native token for payments at select online merchants in a limited trial.In a Tuesday announcement,…

Since 2013 the Grayscale Bitcoin Trust Fund (GBTC) has offered its investors exposure to Bitcoin (BTC) through a publicly quoted private instrument. However, the trust's convertibility and liquidity vastly differ from an Exchange Traded Fund (ETF).Trusts are structured as companies, at least in regulatory form, and are 'closed-end funds' which can initially only be sold…