San Lee

Blog Info Bitcoinist.com
Blog website Link
Stats Has written 94 posts about cryptocurrency

Jul 05 2021

Grayscale Investments Adds Cardano to Flagship Digital Large Cap Fund

Jul 05 2021 Published at Bitcoinist.com under tags  ada altcoins bitcoin cardano companies

Earlier this week, cryptocurrency asset manager Grayscale Investments announced that it had added Cardano (ADA) to its digital large cap fund (GDLC) -- marking the crypto project as the fund’s third largest component. Cardano is a...

Jun 20 2021

Grayscale Looks to Bolster Offerings with 13 More Cryptos, Including Polygon, Solana, ICP

Jun 20 2021 Published at Bitcoinist.com under tags  bitcoin companies news

Cryptocurrency asset manager Grayscale Investments announced earlier yesterday that it would consider venturing into new crypto investment products, including ones that...

US Congress Creates New Crypto Working Group to Tackle Blockchain Regulation, CBDCs, and More

Jun 20 2021 Published at Bitcoinist.com under tags  blockchain cbdc china congress crypto

Earlier this week, Congresswoman Maxine Waters announced that Congress had formed a new working group that would focus on cryptocurrency and fintech policy. Called the Blockchain Caucus or Fintech Task Force, the House Democrat group will feature 12 members of the House Financial Services Committee. I applaud Chairwoman...

Jun 16 2021

Crypto Asset Manager Bitwise Raises $70 Million in Latest Funding Round

Earlier this week, Bitwise announced that it had gained the financial backing of a new list of investors -- including KKR founder Henry Kravis and billionaire hedge fund manager Stan Druckenmiller. The round, which raised $70 million at a valuation just north of $500 million, featured investors including Electric Capital, Moore Strategic Ventures, Vetamer Capital, and Third...

Microstrategy Files to Sell Up to $1 Billion of Its Shares to Buy Bitcoin

Since Microstrategy’s $500 million sale in debt offerings, the publicly traded software company has taken further steps to fuel its Bitcoin hoarding. In an announcement earlier this Tuesday, Microstrategy indicated through an SEC filing that it had planned to sell up to $1 billion of its shares. The specifics of the offering were all detailed in the firm’s...

Jun 15 2021

Elon Musk Confirms Tesla Is Not Selling All of Its Bitcoin, Hints at Potentially Resuming Transactions

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote....

Jun 13 2021

Brazil’s Central Bank Delays CBDC Timeline to 2024

Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country would likely be prepared and ready...

Jun 12 2021

Crypto Bank Silvergate Cuts Ties with Binance, Discontinuing USD Deposits and Withdrawals

Silvergate Bank, a major financial institution partnered with crypto exchanges ranging from Kraken to Coinbase, recently cut ties with Binance. Earlier this Wednesday, Binance sent an email to its users stating that the platform would no longer support deposits and withdrawals via...

Jun 06 2021

El Salvador Set to Accept Bitcoin as Legal Tender

El Salvador is set to become the first nation to accept Bitcoin as legal tender. In an announcement at the Bitcoin 2021 conference earlier today, El Saldavor’s President Nayib Bukele said that the bill to legitimize the major cryptocurrency as legal tender was well under way. “Next week I will send to congress a bill that will make Bitcoin a legal tender,” he...

Jun 01 2021

DBS Bank Issues Digital Bonds in First Security Token Offering

In hopes to grow its financial products on the DBS Digital Exchange (DDex), Singapore’s DBS Bank just announced its issuance of a $11.3 million digital bond in its security token offering (STO). A security token offering is similar to that of an IPO, in that it’s a type of public...

Ray Dalio: China’s Digital Yuan Will Overshadow the Digital Dollar

Jun 01 2021 Published at Bitcoinist.com under tags  bitcoin cbdc china crypto cryptocurrencies

According to billionaire investor Ray Dalio, China’s digital Yuan will outpace the United States’ efforts to create a central-bank digital currency. In an interview with CNBC, The Bridgewater...

May 29 2021

BurgerSwap Flash Loan Exploit Leaves $7.2 Million in Losses of Stolen Ether, BNB, and More

Another Binance Smart Chain project was exploited by a flash loan attack, with DeFi platform BurgerSwap being the victim this time. According to a twitter post written by the Burgerswap Team, there were approximately $7.2 million in funds lost from the exploit....

Wisdomtree Files for an Ethereum ETF with the SEC

Asset manager Wisdomtree has filed for an Ethereum exchange-traded fund (ETF), as the Securities and Exchange Commission continues to mull over its Bitcoin ETF application from earlier this year. The move comes amid Ethereum’s...

May 28 2021

Nvidia: Ethereum’s PoS Upgrade Will Set Back Graphics Card Demand

As Ethereum’s transition to EIP-1559 and Ethereum 2.0 loom ever closer, discussions over the future of GPU mining have swept over the crypto mining community. If EIP-1559 fails to bring down Ethereum’s obscenely high transaction costs and thus drive Ethereum mining obsolete, the shift to proof- of-stake certainly will. While these thoughts are a dime a dozen these days, graphics card...

Leveraged Crypto Trading is a Threat to Financial System, Warns Bank of Korea

Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s financial system. “An excessive level of leveraged cryptocurrency trading puts households at risk of financial damages...

May 27 2021

Crypto Asset Firm One River Files for Carbon-Neutral Bitcoin ETF

Amid growing debate surrounding Bitcoin’s high energy consumption, one asset manager is looking to create a more environmentally conscious Bitcoin exchange-traded fund. According to SEC filings from earlier this week, One...

Cathie Wood’s Ark Invest Buys the Bitcoin Dip, Adds $20 Million in GBTC

May 27 2021 Published at Bitcoinist.com under tags  ark bitcoin btc cathiewood companies

Without a doubt, Cathie Wood has been one of the most vocal proponents of Bitcoin’s technology and value on Wall Street. Her fund Ark Invest was the first ever institutional fund to invest in through Grayscale Bitcoin Trust (GBTC) in 2015, which was when Bitcoin was only worth 200 dollars....

May 25 2021

Grayscale Bitcoin Trust Premium Sharply Rebounds: Could It Return to Positive?

Since February, Grayscale’s premier crypto fund Grayscale Bitcoin Trust (GBTC) has traded at a negative premium to its net asset value (NAV). GBTC, which has been the largest publicly-traded crypto fund available on the market, saw its historically high premium plummet as new competition weighed in. In the past, institutional investors had to accept GBTC’s sky-high management fees...

European Central Bank Publishes Risk Report on Bitcoin, Comparing the Crypto to “Tulip Mania”

Earlier last week, the European Central Bank published a new report on the financial stability of the European Union. The report, titled the Financial Stability Review (FSR), detailed potential risks of Bitcoin and other crypto- related assets....

European Central Bank Publishes Risk Report on Bitcoin, Compares the Crypto to the Tulip Mania

Earlier last week, the European Central Bank published a new report on the financial stability of the European Union. The report, titled the Financial Stability Review (FSR), detailed potential risks of Bitcoin and other crypto- related assets....

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