Grayscale CEO Rejects Claims of an Establishment Agenda Against Bitcoin

Grayscale CEO Michael Sonnhenshein spoke to Fox Business on Wednesday about his fund’s rejected Bitcoin ETF application. Though he believes that Grayscale is receiving unfair treatment, he denies regulators having a larger agenda to suppress Bitcoin. During the interview, host Charles Payne asked if Sonnhenshein thought there were “underlying reasons” for its hesitancy to approve an ETF. In a similar vein, he asked whether the CEO viewed Bitcoin as a “threat” to the establishment. To the contrary, Sonnhenshein believes that…

The Wolf of Wall Street Still Believes in Bitcoin’s Long-Term Outlook

Jordan Belfort – the former stockbroker who inspired the film The Wolf of Wall Street – is still bullish on Bitcoin. The trader-turned-novelist argued that investors are nearly guaranteed to make money if they hold Bitcoin for over three years. HODL, says Belfort In a conversation with Yahoo Finance on “The Crypto Mile,” Belfort warned Bitcoin investors against taking a "12-month or 24-month horizon". Rather, he maintained that Bitcoin is best viewed as a long-term inflation hedge, and valuable for…

Peter Schiff’s Bank Was Closed by Regulators, but He Still Doesn’t Get Bitcoin

Peter Schiff – CEO of Euro Pacific Capital and a popular financial commentator – had his bank frozen by Puerto Rico’s regulators. The anti-crypto economist was mocked fiercely by Bitcoiners shortly afterward, but he failed to understand why. Closed Without Warning On Sunday, Schiff tweeted that his bank was closed due to net capital issues “despite no evidence of crimes.” The situation has left customers' accounts frozen, meaning they may lose their money. The “crimes” in question refer to media…

What Are Bitcoin Covenants? A Guide to a Controversial Proposal

The proposal to implement Bitcoin covenants has spurred a fiery debate in the Bitcoin community, dividing people on the subject. On the one hand, many believe that covenants could make Bitcoin safer and more scalable. Conversely, others see it as an attack on the network’s decentralized, anonymous, and censorship-free nature. While experts unravel the implications of covenants for Bitcoin, we look closer at the proposal and how it could work. This guide to Bitcoin covenants should help clear the air…

SEC Rejects Grayscale’s Spot Bitcoin ETF Application

Grayscale has failed to convince the Securities and Exchange Commission (SEC) to accept its spot Bitcoin ETF application. Following months of negotiations and campaigning to kindly persuade regulators, the fund will now take legal action against the commission. Why the Rejection? According to the SEC’s filing on Wednesday, Grayscale failed to prove that its product could protect investors, or prevent market manipulation. “As the Commission has explained, an exchange that lists bitcoin-based ETPs12 can meet its obligations…  by demonstrating that…

MicroStrategy Buys Another 10 Million Dollars Worth of Bitcoin

MicroStrategy – the world’s largest corporate holder of Bitcoin – recently cast another $10 million towards its digital asset position. That brings the company’s total stash up to 129,699 Bitcoin. In a tweet on Wednesday, MicroStrategy CEO Michael Saylor revealed that his company had purchased another 480 Bitcoin. Those Bitcoin were purchased at an average price of $20,817 per coin, totaling a 10 million dollar purchase. That’s one of the best bargains the company has received on a Bitcoin buy…

Rich Dad’s Robert Kiyosaki is Waiting for Bitcoin to “Test $1100”

Famous investor and life coach Robert Kiyosaki tweeted this morning that he was waiting for Bitcoin to dip to $1,100. While there is evidence that the celebrity author intended to tweet “$11,000”, several Bitcoin enthusiasts still don’t agree with his analysis.   Typo or  Impossible Prediction? The author of ‘’Rich Dad, Poor Dad’’ took to social media around 1:30 am UTC to share his “buy-the-dip” plans. Robert Kiyosaki has long been a crypto proponent and Bitcoin bull. However, despite his position…

Over 11,000 Grayscale Investors Petition SEC Ahead of Spot ETF Approval Deadline

Grayscale – the world’s largest Bitcoin fund – will see its Bitcoin Spot ETF application approved or denied by next week. Ahead of the Security and Exchange Commission (SEC)’s decision, CEO Michael Sonnenshein has issued a reflection letter to investors. He details the progress they’ve made with the transition, including thousands of SEC-directed letters from investors encouraging its acceptance. A Drawn-Out Battle In his letter shared on Monday, the CEO reminds investors that GBTC was designed to be an ETF…

America’s Libertarian Party Shows Support for “Decentralized Currency”

America’s Libertarian party – the nation’s third-largest political party – made a statement on Sunday that possibly signals support for cryptocurrency. The tweet advocated for the “separation of money and state” as an “imperative” for individual freedom. “A decentralized, immutable currency that scales and is salable over time and space will combat the power of the regime,” it reads. The statement seems to highlight properties for which Bitcoin is often praised. The primary cryptocurrency is known for being the first…

1 2 3 4 103