DCG offloads Grayscale shares to raise capital: Report

Cryptocurrency conglomerate Digital Currency Group (DCG) has reportedly begun to sell its holdings in crypto funds managed by its subsidiary Grayscale Investments as it looks to raise capital and preserve liquidity. According to a Feb. 7 Financial Times report citing seen United States securities filings, DCG sold around a quarter of its shares in Grayscale’s … Read more

BIS to launch stablecoin monitoring project and up focus on CBDC experiments

The Bank for International Settlements (BIS) will heighten focus on experimenting with Central Bank Digital Currencies (CBDCs) this year via its research and development arm and will also launch a new project to monitor stablecoins. On Feb. 7, the Switzerland-based so-called “bank for central banks” announced its Innovation Hub will “increase its focus” on CBDCs … Read more

Bitcoin Miner Stronghold Announces Agreement Changes with WhiteHawk Finance, Foundry

The changes are designed to better situate the company for their future endeavors. Stronghold Digital Mining, with WhiteHawk Finance LLC, has announced ratifications to their original credit agreement according to a press release sent to Bitcoin Magazine. In addition to this announcement, Stronghold has entered a new two year contract with Foundry Digital, replacing their … Read more

HKSFC to Hire 4 More Staff to Supervise Crypto

When it comes to monitoring the operations of the cryptocurrency business, the authorities in charge of regulation in Hong Kong are ramping up their game. According to a report that was submitted by the Securities and Futures Commission on February 6th, the organisation has plans to recruit four more staff members in order to “better … Read more

Investors Interested in Digital Assets Despite Volatile Market

The European cryptocurrency investment company CoinShares released its “Digital Asset Fund Flows Report” on February 6. The report revealed that investors are demonstrating a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows. The research suggests that investor attitude has shifted for the … Read more

Revolut Introduces Crypto Staking to UK and EEA

Customers in the United Kingdom and the European Economic Area (EEA) may now participate in crypto staking thanks to the neo-banking platform Revolut, which is headquartered in the United Kingdom and claims to have 25 million users worldwide. The staking function, which will enable users to make money on their cryptocurrency holdings while it is … Read more