Valkyrie Reveals Intention to Sponsor Grayscale’s Bitcoin Trust as GBTC Discount to NAV Widens â Bitcoin News
[ad_1] Valkyrie Investments, a Tennessee-based asset manager, has announced its intention to become the new sponsor of Grayscaleâs Bitcoin Trust (GBTC). The company states that it is âuniquely qualifiedâ for the role and plans to facilitate redemptions at net asset value (NAV) through a Regulation M filing. Valkyrie Offers to Take Over Management of Grayscaleâs […]
Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022 â Market Updates Bitcoin News
[ad_1] According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier. On November 8, 2022, 54 days prior, amid the FTX collapse, global cryptocurrency trade volumes were […]
NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week â Markets and Prices Bitcoin News
[ad_1] Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers. NFT Sales Continue to Slip: 13.97% Decrease in Last Seven Days NFT sales are down this week, 13.97% […]
Mark Moss Predicts Regulatory Shakeup and End of Crypto Bull Runs, but Believes Bitcoin Will Endure â Bitcoin News
[ad_1] According to Mark Moss, the CEO of Market Disruptor, significant regulation is coming to the cryptocurrency industry following the aftermath of FTXâs collapse. He believes that future cryptocurrency bull runs probably wonât happen. However, Moss says that bitcoin will continue to see demand as it is âsolving a problem that has plagued humanity from […]
âEthereum Killersâ Managed to âKillâ Themselves in 2022 Rather Than Beat the Smart Contract Economyâs Heavyweight Champ â Altcoins Bitcoin News
[ad_1] At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as âEthereum killers,â would flip the second-largest crypto asset in terms of market capitalization in 2022. As 2022 comes to an end, statistics show that none of the so-called âEthereum killersâ have surpassed the […]
Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023 â Bitcoin News
[ad_1] According to a myriad of reports, the Peopleâs Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in 55 years. Meanwhile, Wells Fargoâs head of real asset strategy, John LaForge, […]
‘Ultra Sound’ Money â Simulation Shows Ethereumâs Inflation Rate Is Significantly Lower Using Proof-of-Stake â Bitcoin News
[ad_1] Its been 105 days since Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network and the number of Ethereum validators is set to surpass 500,000 in 2023. According to metrics, Ethereumâs issuance rate of new coins has dropped considerably and only 4,790.45 ether has been minted since The Merge took place […]
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas â Mining Bitcoin News
[ad_1] After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital for $65 million, and the financially […]
‘Oil Prices North of $200’ per Barrel â Investor Expects Oil to ‘Crush’ Every Investment in 2023 â Economics Bitcoin News
[ad_1] Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from […]
More Than $19 Billion in BTC, ETH, Stablecoins Left Exchanges Since the Onset of FTXâs Collapse â Bitcoin News
[ad_1] For more than 50 days or since Nov. 5, 2022, bitcoin, ethereum, and stablecoin owners removed roughly $19.19 billion in crypto assets from centralized exchanges. Between Nov. 5 to Dec. 26, roughly 356,848 bitcoin and 4.48 million ether were withdrawn from a myriad of crypto trading platforms worldwide. $6 Billion in Bitcoin, Over $5 […]