Wyoming stablecoin may launch Q1 2025 —Governor Mark Gordon
Private issuers of stablecoins could extend the lifespan of the US dollar by driving demand for the underlying fiat currency.
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Fir Tree fund sues Grayscale in effort to force changes to Bitcoin Trust
Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust. According to Bloomberg, a Dec. 6 complaint was filed against Grayscale at the Delaware Court of Chancery and seeks to have Grayscale lower its fees, start redemptions…

Analysts say Bitcoin’s range-bound trading at a key support level reflects a trend reversal
BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended. 159 Total views 1 Total shares Bitcoin (BTC) and cryptocurrency holders are enjoying the fruits of their labor on Feb. 10 after Bitcoin price rallied shortly after the U.S. Bureau of Labor Statistics showed a blistering…

Toronto Stock Exchange’s Listing of Bitcoin Fund Can Have a Major Impact on Crypto
On April 9, Canadian asset manager 3iQ announced that its efforts to launch a fund tied to Bitcoin (BTC) on the Toronto Stock Exchange had finally come to fruition after three years of continued legal disputes. As a result of this move, 3iQ has become the first firm to release such an offering commercially on…

Bitcoin could hit $30K or $100K this year as analyst warns ‘next months are key’
Bitcoin price forecasts differ hugely depending on the methodology used, but stock-to-flow creator PlanB favors his $100,000 average target. 352 Total views 115 Total shares Bitcoin (BTC) could surge to $100,000 or bottom out at $30,000 by Christmas — but one of its best-known analysts is betting on the moon.In a Twitter update on Aug.…

Electrum Bitcoin Wallet to Support Lightning Network in Next Release
The next release of major Bitcoin (BTC) wallet software Electrum will support off-chain scalability solution Lightning Network (LN).The Electrum official Twitter account announced the upcoming LN integration in a tweet sent on Oct. 14. The tweet announced:“The next release of Electrum will support Lightning payments. Our lightning node implementation has been merged into Electrum's master…

Overstock’s Blockchain Arm Receives $5 Mln From Chinese Firm Following Delays
Overstock’s blockchain subsidiary tZero has finally secured a $5 million investment from Chinese investment firm GSR Capital, Overstock announced on its latest earnings conference call on May 9.Following an investment in cash and marketable securities, Overstock evaluated tZero's worth at $1 billion, which is $500 million less than the company initially projected in August 2018.The…

Crypto debanking could drive industry underground: Australian Treasury
The Australian government is addressing the risks of cutting banking services to crypto exchanges amid a flurry of banks restricting certain services over scams. The growing trend of banks cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the country’s Treasury Department.On June 28,…

Coinbase CEO Suggests Dodging ‘Mean, Snarky’ Media
Coinbase CEO Brian Armstrong is one of many crypto executives who prefers writing a blog to answering questions from mainstream journalists. 786 Total views 21 Total shares Coinbase chief executive Brian Armstrong says that company leaders are increasingly opting to avoid mainstream journalists by speaking directly to audiences on unmediated social media platforms.“Our customers are…