Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Grayscale
Grayscale Investments Bought About 50% of all ETH Mined This Year
There has been a considerable growth in investors’ interest for Ethereum. With such growth it means investors are willing to pay a high price towards the diversification of their portfolio. This helps them in utilizing an investment vehicle that meets regulatory requirements, neutralizing part of the risks that come with more traditional means of investing in cryptocurrencies. The asset management company known as Grayscale Investments has claimed the purchase of about 50% of all of the Ethereum mined this year. Grayscale…
5 years ago
Grayscale Bitcoin Trust Gets SEC’s Nod to be Its Reporting Company
In an unprecedented move, The United States SEC has today January 21, 2020, approved an application by Grayscale Bitcoin Trust to be its reporting firm. The move comes after the firm's parent company, Grayscale Investments, filed for its subsidiary's registration with the SEC two months ago. This action effectively makes Grayscale Trust the pioneering crypto investment entity conferred with that honor. Taking to Twitter to confirm this news, the firm announced, " Grayscale Bitcoin Trust hits yet another incredible milestone:…
5 years ago