Crypto asset manager Grayscale Investments filed with the SEC to register its bitcoin trust fund (GBTC) in order to appeal institutional clients with governmental oversight. According to Grayscale’s official announcement, “We have publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) on behalf of Grayscale Bitcoin Trust.” As theContinue reading “Grayscale’s Bitcoin Trust files registration for becoming SEC’s reporting company”

The founders of Gemini crypto exchange, Tyler and Cameron Winklevoss announced the duo’s first ever acquisition. The information was made public through a tweet from Tyler Winklevoss, which read, “We just made our first acquisition! Please welcome Nifty Gateway, founded by Duncan Cock Foster and Griffin Cock Foster, to the Gemini family! ??” Interestingly enough,Continue reading “Gemini exchange makes its first acquisition aimed at crypto collectibles”

The MakerDAO protocol is the latest to come forward with a major upgrade, after the launch of Multi-Collateral Dai on the main network. Rune Christensen, Founder of Maker, recently featured in a Blockcrunch interview to share the implications of the launch on the network over the next decade. Clarifying the concern of most Dai holdersContinue reading “MakerDAO Founder: Multi-Collateral Dai’s secret sauce is ‘risk diversification’”

MakerDAO’s latest upgrade is deemed paramount to the ecosystem’s relevance as it seeks to enhance the Dai token’s real-world use cases. Maker’s Rune Christensen recently featured in a Blockcrunch interview to share a peek into the company’s intended roadmap, especially with regard to the move to Multi-Collateral Dai from Single-Collateral Dai . Speaking about Multi-CollateralContinue reading “Libra, digital yuan, centralized stablecoins are just banking services: MakerDAO’s Christensen”

MakerDAO (MKR) transitioned to the long-awaited Multi-Collateral Dai (MCD) system that allows Basic Attention Token (BAT) to be used as collateral in addition to Ethereum ahead of other tokens. According to one of the sources, “The first type of collateral to be available is Basic Attention Token (BAT) which will have an initial debt ceilingContinue reading “Multi-Collateral Dai goes live with Ethereum and BAT as collateral”

Cryptocurrency’s association with financial asset classes and its recent adoption drive resulted in a wide variety of concerns for the governments related to taxes, fraud, and its fiat currency’s stability. David Kemmerer, the co-founder & CEO of CryptoTrader.Tax, a  crypto tax reporting platform, featured in an Off the Chain podcast to provide clarity into theContinue reading “Cryptocurrency’s position as investment ‘not suitable for US merchants’”

DAI will be upgraded from a single collateral mechanism to multi-collateral, which is expected to result in some fundamental changes to how DAI gets listed. DeversiFi, a decentralized Ethereum exchange, highlighted the technical changes required to list the cryptocurrency on its platform. The company’s official announcement read, “At DeversiFi, we are always ready to embraceContinue reading “DeversiFi to support MakerDAO multi-collateral DAI”

An anonymous organization, known as the Unknown Fund, recently announced its intent to invest and donate $75 million in bitcoin (BTC) to those startups working directly or indirectly on strengthening user’s anonymity. According to the official press release, “Preference will be given to the following niches: protection of personal data, tools for anonymity, cryptocurrency and blockchain.”Continue reading “Unknown Fund to invest $75 Million in Bitcoin towards privacy startups”

Senior Vice President of Ripple’s Xpring, Ethan Beard, featured in an interview with Abra CEO Bill Barhydt to share the firm’s latest developments and announcements, aimed at improving the XRP ecosystem. Highlighting the company’s focus on delivering simplicity, Beard stated that Xpring is primarily developing tools that will make it “easy for developers to writeContinue reading “Ripple helped increase XRP liquidity to $200 million/day: Ethan Beard”

Cryptocurrency research startup Messari recently announced the completion of its latest investment round, raising $4 million in funding. Detailing on the same, the official release read, “The round includes support from existing investors Anthemis Group, Blockchain Capital, CoinFund, Danhua Capital, Fabric Ventures, Fenbushi Capital, Semantic Ventures, and Underscore VC. New investors Coinbase Ventures and BalajiContinue reading “Messari raises $4 million, investors include Coinbase, Blockchain Capital”

Ripple’s aggressive marketing and partnership strategy, in addition to the banking sector, has branched out into other fields as well, with its University Blockchain Research Initiative (UBRI) aiming to bring universities closer to blockchain, cryptocurrencies, and the digital payments landscape. As part of this venture, Japan’s Kyoto University has now announced that it will beContinue reading “Kyoto University becomes Japan’s first Uni to run XRPL validator”

Christopher Giancarlo, Former CFTC chairman, recently featured on an edition of the Unchained podcast to highlight the need for revamping legacy rules for mainstreaming cryptocurrencies. In doing so, Giancarlo added that the SEC faces immense challenges to fairly define the “digital environment and the new digital asset classes.” He said, “We are reaching a pointContinue reading “Libra has suffered owing to Facebook’s reputation: Former CFTC Chairman”