Grayscale’s Twitter account officially tweeted on the reports about them possibly not supporting customers’ BTC on November 30th.
Read CRYPTONEWSLAND onGrayscale has guaranteed, like all other trustworthy crypto firms, that everything is excellent with the company. It also affirms that other crypto assets completely back all crypto assets.
I’m going to have to start calling myself the FUD destroyer, we back all of our customers’ crypto one-to-one.
1 BTC = 1 BCH
1 ETH = 1 ETC
1 DOGE = 1 SHIB
CEO Michael Sonnenshein
The crypto investment firm’s second tweet attempts to get new consumers to invest with them. It also implies that full reserves will be available shortly. presumably, in an attempt to lure some of the new young and trendy investors, they use the traditional crypto slogan “Trust me, Bro.”
According to other sources, Grayscale Bitcoin Trust (GBTC) shares have fallen 74% to date and are currently trading at roughly $8.75. Its stock is trading at a record discount of 42.69%.
Following the FTX crash, the community wonders if Grayscale is in peril. Over 635,000 Bitcoins (BTC) and 3,1 million Ethereum are now held by GBTC (ETH). The total value of these coins is $13.7 billion.
Share redemptions are presently unavailable in all Grayscale trusts. Grayscale trusts trade at a separate price to the assets they own because investors cannot send ETHE to Grayscale to redeem ether.
Grayscale also revealed that Coinbase Custody holds its digital assets. As of the closing of trade on November 28, ETHE had 3,044,506 ether.
Lisbon, Portugal, May 9th, 2024, ChainwireAzuro, the leading liquidity layer for onchain predictions, and Chiliz,…
The platform is designed to maximize earnings from the blockchain's native yield capabilities. With its…
The strength of BlastUP lies in its innovative concept and its integration with the Blast…
#LocalMonero, a peer-to-peer #Monero trading platform, announces closure amid regulatory pressures, Nov 7, 2024 last…
Discussion with #Ripple’s CTO #DavidSchwartz leads to possible link between him and legendary #Bitcoin creator…
As the crypto market enters a new phase of growth, finding investments with high return…