(Bloomberg) — The Grayscale Bitcoin Trust’s record discount to assets has finally got too much for Cathie Wood to ignore. Ark Investment Management snapped up more than 315,000 shares worth roughly $2.8 million of the … Read more
(Bloomberg) — Problems are multiplying for the world’s biggest crypto fund as chaos engulfs the industry in the wake of exchange FTX’s shock bankruptcy filing. The $11.4 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged … Read more
A year ago this week, investors were describing bitcoin as the future of money and ethereum as the world’s most important developer tool. Non-fungible tokens were exploding, Coinbase was trading at a record and the NBA’s Miami Heat was … Read more
Cryptocurrencies resumed their sell-off on Friday morning as FTX announced it has filed for Chapter 11 bankruptcy in the U.S. Bitcoin fell 6% to $16,576.50, while ether lost 7% to $1,215.67, according to Coin Metrics. … Read more
The boy wonder of cryptocurrencies watched as his empire vaporized nearly overnight, leaving depositors scrambling and investigators taking a look. It wasn’t long ago that Sam Bankman-Fried was a king of the crypto world. Just … Read more
Damian Williams, the U.S. attorney for the Southern District of New York, said on Monday that authorities seized 50,676 bitcoins related to Silk Road, a darkweb marketplace, in November. The bitcoins were valued at $3.36 billion at … Read more
The bear market doesn’t appear to have dented Bitcoin bull Tim Draper’s enthusiasm for the cryptocurrency. Speaking on stage at Web Summit 2022, the billionaire VC argued that his prediction that the cryptocurrency will hit $250,000 still … Read more
The figures are in: October was the busiest month for crypto protocol exploits this year, with some $760 million stolen. The cumulative total for crypto hacks in 2022 is now at least $2.98 billion, already … Read more
Bitcoin miner Core Scientific (CORZ) and Argo Blockchain (ARBK) were downgraded from buy to neutral by Wall Street investment bank DA Davison as crypto winter continues to weigh heavily on the profitability of the miners, … Read more
A peak in the U.S. dollar “feels several quarters away,” Goldman Sachs strategist Kamakshya Trivedi wrote in a note the bank’s clients. “We do not expect the Fed to embark on easing until 2024, and a … Read more