Grayscale’s Bitcoin Trust Seeks SEC Reporting Company Status

news The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall. According to a press release issued Thursday, NYAG Letitia James announced that she had obtained a court order against iFinex Inc., which operates both Bitfinex…

news Facebook CEO Mark Zuckerberg is facing pressure to testify before U.S. lawmakers on the firm’s cryptocurrency project Libra. According to a report from The Information on Friday, Sheryle Sandberg, chief operating officer of the social media giant, was invited to testify before the U.S. House of Representatives Financial Services Committee on October 29 concerning the…

Amid a rekindling of Bitcoin development fervor, layer-2 network Stacks is looking to reinvent itself. As early as April 16, the major player in the Bitcoin L2 sector will kick off the release of its so-called Nakamoto upgrade, in the works for years – designed to dramatically increase the project's speed.This article is part of

Crypto service providers in Singapore would need to deposit customer assets under a statutory trust before the end of the year for safekeeping, the Monetary Authority of Singapore (MAS) announced on Monday.The requirement comes after the MAS received public consultation around enhancing customer protection initiated in October 2022."This will mitigate the risk of loss or…

news Taylor Monahan, the CEO of crypto wallet startup MyCrypto, has been moderator for the ethereum subreddit channel since 2016. That year, the ethereum Reddit channel was just breaking over the 10,000 subscribers mark, according to SubRedditStats. Today, the same channel boasts over 400,000 subscribers and is ranked within the top 600 most popular channels…

Jul 20, 2020 at 09:41 UTCUpdated Jul 20, 2020 at 10:28 UTCBank of Japan, Tokyo (Leonid Andronov.Shutterstock)The Bank of Japan (BOJ) has set up a dedicated team to explore the implications of central bank digital currencies. As reported by Reuters on Monday, the central bank is warming up to the possibility of a digital yen,…

news Cryptocurrency exchange Bitfinex has released the official white paper for its $1 billion exchange token sale, revealing it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings (IEOs) starting from next month. Bitfinex published the white paper Wednesday, confirming recent reports that it’s aiming to raise up…

The Bitcoin ecosystem, derided in some crypto developer circles for its slow pace of technological advancement, is now on the verge of a layer 2 “Cambrian explosion.”That’s according to Lisa Neigut, a Lightning Protocol engineer for the Bitcoin infrastructure firm Blockstream, during her presentation on the “state of the chain” at CoinDesk’s Consensus 2023 conference…

Dec 28, 2020 at 4:16 p.m. UTCCoinDesk 20 Bitcoin Price IndexWhale Sightings Become Scarce, Removing Downward Pressure on Bitcoin: AnalystA lack of whales with bitcoin (BTC) aplenty to sell may be clearing the way for the price of the leading cryptocurrency to rise further, according to CryptoQuant Chief Executive Ki Young Ju. Fewer "whales" –…