Vanguard CEO Tim Buckley announced he will retire at the end of the year, but his departure is unlikely to shift the firm’s stance toward Bitcoin and crypto products. The company is seeking replacements from both internal and external candidates. It has also promoted its Chief Investment Officer (CIO...
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Grayscale is lobbying for the US SEC to approve options on its spot Bitcoin exchange-traded fund (ETF), Reuters reported on Feb. 29. Grayscale CEO Michael Sonnenshein said: “It is vital to the interests of GBTC and all spot Bitcoin [exchange-traded product] investors to access exchange-listed options on GBTC and other spot Bitcoin ETPs.” The SEC
Twitter/X owner Elon Musk revealed new details of his planned payment services during an all-hands staff meeting, as reported by The Verge on Oct. 26. Musk said the new feature will cover almost all areas of finance, stating: “When I say payments, I actually mean someone’s entire financial life...
Grayscale Investments announced on May 9 that it has formed a new entity called Grayscale Funds Trust and filed for three new crypto investment funds. Grayscale proposes three new ETFs The Grayscale Funds Trust will act as a Delaware statutory trust structure that allows the firm to manage its older products while also pursuing exchange-traded
U.S. President Joe Biden called for an end to unspecified crypto tax rules on May 9. On Twitter, Biden posted an infographic that read: “We think Congress should cut tax loopholes that help wealthy crypto investors.” Such cuts would supposedly save $18 billion, according to the infographic...
Digital Currency Group (DCG) provided an update on the status of its subsidiary, Genesis Capital, in a statement on May 9. DCG said that it remains “engaged with the various stakeholders” who are involved in a mediation process concerning Genesis’ restructuring process. The company said it aims to reach a “productive resolution” and “fair outcome
Marathon Digital Holdings and Zero Two announced a new Middle Eastern mining operation in a press release on May 9. The first mining site as part of the operation will be in Abu Dhabi’s Masdar City. It will have an energy capacity of 200 megawatts (MW...
Limewire said May 9 that it raised more than $16 million for its revived platform through sales of its cryptocurrency token (LMWR). Limewire surpasses $15M goal By raising $16.5 million, Limewire has surpassed its $15 million funding goal and is more than halfway to its $30 million fundraising limit...
Elon Musk visited Twitter on Wednesday as his planned acquisition of the social media company nears completion. Musk Visits Twitter Elon Musk is visiting Twitter headquarters. Musk entered the headquarters...
Celsius Network detailed new recovery plans today during its bankruptcy hearing and in a related court document. Celsius Has Plans for Recovery Celsius representatives appeared in court today for the...