Grayscale Investments, the sponsor of the world’s biggest Bitcoin trust, GBTC, is urging the SEC to consider its proposal for a Bitcoin ETF.
The firm argues that approving only other proposals would grant an unfairly discriminatory and prejudicial first-mover advantage.
Grayscale is asking the SEC to be fair and consider GBTC’s nearly 1 million investors.
First-Mover Advantage in ETFs
The first-mover advantage is very real in E…
The Avalanche Foundation has announced its decision to allocate up to $50 million for purchasing tokenized assets minted on its network.
The new program, known as Avalanche Vista, aims to bring new digital versions of traditional investment products to the platform.
Tokenization is the process of converting real-world assets or rights into digital tokens through the use of smart contracts.
The tech is believed to offer a slate of ad…
Every gambler who likes to spend time betting and winning in his favorite slot machines could not help but notice how actively the gambling industry is developing. Casinos are changing daily, both in terms of technology and innovation. Therefore, we can see how, in addition to the usual online casinos, crypto casinos are increasingly promoted on the Internet.
Today, there are many gambling operators on the Internet based on cryptocurrencie…
MakerDAO members have agreed to invest $500 million worth of DAI in US Treasurys and corporate bonds.
MakerDAO may soon be the first decentralized finance protocol to offer conventional loans to borrowers backed by traditional institutions.
MakerDAO has already closed five deals for loans collateralized with real-world assets.
Real-world assets now represent 75% of MakerDAO’s revenues.
MakerDAO Adopts Real-World Assets
MakerD…
Ripple wins case against SEC
Judge rules that XRP is not a security
XRP price surges over 70%
Ripple CTO warns about increase in XRP scams
In a recent development, Ripple won its case against the SEC as the judge ruled that XRP is not a security . This is a huge victory for Ripple and has led to the reintroduction of XRP on major cryptocurrency exchanges . The price of XRP surged more than 70%, going from $0.47 to $0.82 in one d…
