Meanwhile, Thailand banned crypto, and Russia signaled to allies it would begin accepting Bitcoin for natural gas exports.
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Grayscale Bitcoin Trust Shares Jump 12%, Narrowing Discount
Shares in the troubled Grayscale Bitcoin Trust (GBTC) surged on Monday, narrowing its discount from Bitcoin. The price for the OTC-traded security jumped 11.56% yesterday, to $9.65. This brought the trust’s discount against the net […]
'Cryptoization' Poses Risks for Emerging Markets: IMF Counsellor
As the world continues to watch El Salvador’s Bitcoin experiment, a senior official at the International Monetary Fund (IMF) has again warned that cryptocurrencies pose “acute risks” for the stability of the financial system. Using […]
Elon Musk’s Tesla Has Sold 75% of Its Bitcoin Holdings
Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report. In its after-market earnings announcement, the electric car manufacturer founded by Elon Musk said in a shareholder presentation that “Bitcoin […]