Category: Cryptocurrency

Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%

Grayscale Bitcoin Trust’s (GBTC) share price surged to a one-year high on Tuesday as a report about investment asset manager Fidelity Investments preparing to follow BlackRock’s application for a spot bitcoin (BTC) exchange-traded fund (ETF) with its own, renewed optimism about converting the trust into an ETF. GBTC closed at $19.47 Tuesday afternoon, gaining 7.1% […]

$10.5 million cryptocurrency case: Woman charged over platform’s mistaken transfer to her account

A Melbourne woman is facing criminal charges after more than $10 million was mistakenly transferred into her bank account by a cryptocurrency trading platform. In May 2021, Crypto.com intended to refund Thevamaogari Manivel $100, but the 37-year-old was instead erroneously transferred $10,474,143. The company did not notice its mistake for seven months, until December 2021. […]

Is Cryptocurrency Part of the Overall Future of Money?

Recent discussions between WBC director Robert J. Marks and fellow engineers raise a question: Could new technology enable a global private currency to compete with government currencies? While the fact is not always evident in the Western world, government currencies depend on the stability of the government. Stories about people using discredited government banknotes to […]

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