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Grayscale Investment’s Bitcoin Trust (GBTC) has dropped to a new low this week as the bitcoin fund tapped a record 35.18% low against bitcoin spot prices. GBTC’s discount to spot has been underwater for a total of 577 consecutive days. GBTC Discount to NAV Widens by 35% — Fund Reaches an All-Time Low Against BTC […]Powered by WPeMatico
Yearn Finance’s native token YFI has been seeing significant capitulation as the price has dropped from an all-time high (ATH) of $43k in mid-September to today’s $13,875 USD value. Despite the -67.7% loss since the token’s ATH, the Yearn Finance project still has around $624 million total value locked into the platform. Yearn Finance and […]
The post Yearn Finance Token Value Slides 67%, While Locked Value Loses Over $300M appeared first on Bitcoin News.
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American economist and former chairman of Morgan Stanley Asia, Stephen Roach said on Sunday that he believes the U.S. dollar will “crash faster and harder.” Roach said similar statements during an interview back in June, and his latest commentary stresses that people should “expect the dollar to plunge by as much as 35 percent next […]
The post American Economist Stephen Roach: ‘U.S. Dollar in the Early Stages of Sharp Decent’ appeared first on Bitcoin News.
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In recent mining news, it has been alleged that the CEO of Vietnam-based Sky Mining has fled the country with $35 million USD in investor funds in his possession. Meanwhile, in the US, Tmgcore has acquired a 100-megawatt data center in Dallas, Texas, and local media have reported that Bitmain will open a mining facility […]
The post Mining Round-Up: Sky Mining CEO Flees with $35 Million, Texas Attracts Miners appeared first on Bitcoin News.
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