Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain veri suggests.
The narrowing of the discount likely represents increased likelihood that Grayscale will be able to convert its close-ended bitcoin trust into a spot-based exchange-traded fund.
Traders could be betting on a development that buoys hopes for a spot bitcoin ETF in the US.
The timeline indicates it could take till 2025 for an Australian digital asset platform to receive a licence under the freshly proposed regime.
The in-principal approval allows Upbit Singapore to continue providing regulated digital payment token services in compliance with the Payment Services Act 2019.
The not-for-profit foundation is working with management consultancy Roland Berger who introduced the Voluntary Recycling Credits (VRC) standard in June, which is inspired by the carbon credit market.
The defense team is nearing crunch time.
Securities regulators have been investigating the decentralized finance (DeFi) protocol since at least July.
The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
The LQTY token has almost doubled in price. Factors cited included growth in activity and an A rating from Bluechip.
