Grayscale’s Ethereum, Litecoin and Bitcoin Cash Trusts are at steep discounts as concerns whirl around Digital Currency Group’s liquidity.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
Grayscale ETH trust nears record 60% discount as nerves continue over DCG
Grayscale’s Ethereum, Litecoin and Bitcoin Cash Trusts are at steep discounts as concerns whirl around Digital Currency Group’s liquidity.
US Feds put together ‘FTX task force’ to trace stolen user funds
United States Attorney Damian Williams said the office is working “around the clock” to respond to the implosion of FTX.
US Feds put together ‘FTX task force’ to trace stolen user funds
United States Attorney Damian Williams said the office is working “around the clock” to respond to the implosion of FTX.
Core Scientific shuts down 37K mining rigs it was hosting for Celsius
Core Scientific estimated that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700.
Ripple CEO optimistic about US 'regulatory clarity for crypto'
Support for cryptocurrency regulation in the United States is “bipartisan & bicameral” according to Ripple CEO Brad Garlinghouse.
Crypto adoption in 2022: What events moved the industry forward?
While the crypto market in 2022 was hit by a slew of insolvencies and daily volatility, adoption seems to have continued apace on the global level.
US federal agencies release joint statement on crypto asset risks and safe practices
The Fed, FDIC and OCC teamed up to wish the banks they regulate a FUD-filled new year with a warning about the risks associated with crypto assets and their efforts to contain those risks.
Cryptosat launches second 'cryptographically-equipped' satellite using SpaceX rocket
The addition to the satellite constellation was part of efforts to make space a “new battleground in the quest for bulletproof cryptography” by expanding computational power.
The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester
Brown Rudnick has worked for the country since March, but the nation's potentially increasing role in the case requires it to register in the United States as a foreign agent.
3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto market.
3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto market.
3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins
Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January.
Market caps during the 2022 holiday period. Source: Arcane ResearchWinklevoss Letter to DCG stirs up bankruptcy FUD
On Jan. 2, Cameron Winklevoss, the co-founder of Gemini, penned an open letter to Digital Currency Group (DCG) founder, Barry Silbert demanding answers on the $900 million in locked customer funds. Gemini launched the “Earn” program in coordination with Barry Silbert and the $900 million in customer funds have been locked since Nov. 16 due to DCG liquidity issues. After the letter, crypto Twitter began generating FUD toward DCG, believing there to be liquidity issues akin to 3 Arrows Capital and FTX.
The financial strain the large Gemini hole could place on DCG is significant because they may be forced to sell sizable GBTC and ETHE positions, along with other positions in trusts run by their sister company Grayscale. According to Arcane Research, another path for DCG to meet debt obligations would be to initiate a Reg M.
Vetle Lunde, Senior Analyst at Arcane Research, noted:
“A Reg M would cause a massive arbitrage strategy of selling crypto spot versus buying Grayscale Trust shares. If this scenario plays out, crypto markets could face further downside.”
Sam Bankman-Fried enters not guilty plea for all counts in federal court
The former FTX CEO faces eight criminal counts in the United States which could result in 115 years in jail should he be convicted.
Blockchain fintech GammaRey signs $320M merger agreement
GammaRey said it has nearly $800 million in consumer assets.
The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how
David Chaum explained his game plan to create a CBDC that would also be appreciated by the crypto ecosystem in an exclusive interview.
Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis
Industry players accumulated over $4 billion of debt in the last crypto run-up.
Sam Bankman-Fried's legal team warns of 'harassment and threats' to parents in latest court filing
Two unidentified parties are planning to act as sureties for Sam Bankman-Fried's bail, and his legal team wants to ensure they stay that way.
Community celebrates Bitcoin Genesis Day by sending BTC to the Genesis block
The wallet address now contains around 68.56 BTC, which is worth around $1.1 million at the time of writing.