Posts published on August 29, 2023 go to media archive 2/4

Record 3-Year Dormancy: Bitcoin Holders Stay Steadfast Amid Market Changes, Says Bitfinex

While Bitcoin’s recent downturn suggests volatile times ahead, underlying metrics suggest a market full of nuance, anticipation, and strong belief, the latest Bitfinex Alpha report says. About 40% of Bitcoin’s total supply has been…

Court Rules in Favor of Grayscale Against SEC in Bitcoin ETF Conversion Lawsuit

A D.C. court has ruled in favor of Grayscale, the largest crypto asset manager, in its lawsuit challenging the U.S. Securities and Exchange Commission’s decision to deny the conversion of GBTC to a spot bitcoin exchange-traded fund (ETF). The…

Sam Bankman-Fried's Complaints About Discovery Are 'Misleading,' DOJ Says

Federal prosecutors have challenged FTX founder Sam Bankman-Fried’s allegations that prosecutors dumped “millions” of pages worth of potential evidence on the former CEO’s defense team just two months ahead of his criminal trial, a Tuesday court

Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August

August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price to levels…

Grayscale Wins Its Lawsuit Against The SEC Over Converting Its Fund To A Spot Bitcoin ETF

Today, it was announced that the DC Circuit court of appeals is vacating SEC's denial of Grayscale's $GBTC conversion into a spot Bitcoin ETF. "We agree," said Circuit Judge RAO. "The denial of Grayscale's proposal was arbitrary and…