Author: American Coins & Gold

Grayscale’s High ETF Fee Keeps the Cash Flowing In Even as Investors Withdraw
Grayscale’s fee revenue from GBTC is nearly five times higher than BlackRock’s from IBIT even after a 50% decline in assets under management.

How North Korea Infiltrated the Crypto Industry
More than a dozen blockchain firms inadvertently hired IT workers from the rogue state, incurring cybersecurity and legal risks, a CoinDesk investigation found.

Bitcoin ETFs Bleed 2.6M, Biggest Outflow Since Sept. 3
The outflows snapped an eight-day winning streak as BTC lost as much as 6% amid an acute heightening of tensions in the Middle East.

Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold Council Found in Pilot Project

Bitcoin Plunge Causes 0M in Bullish Crypto Bets Liquidated
Crypto market capitalization dropped 5% on average as Middle East tensions flared up late Monday, denting growth in risk assets.

Bitcoin Regains K in Worst Start to Most Bullish Month as Israel-Iran Tensions Rage On
Global equities and risk assets such as bitcoin took a hit Tuesday as Iran launched missiles on key Israeli locations, with the latter threatening retaliation in the coming days.

The Spectre of Sam Bankman-Fried Overshadowed Caroline Ellison's Sentencing
Caroline Ellison, flanked by her attorneys, was sentenced to two years in prison and three years of supervised release for her role in propping up FTX and Alameda Research last week.

Bitwise Takes a Step Toward XRP ETF
Crypto native asset manager Bitwise is moving toward creating an exchange-traded fund tracking XRP, the token closely associated with crypto company Ripple.

Tether's USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino
Ardoino says there’s more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.

Diddy Hires Sam Bankman-Fried’s (New) Lawyer
Sean “Diddy” Combs has hired Sam Bankman-Fried’s lawyer, Alexandra Shapiro, to appeal a New York judge’s decision to keep him locked up while he awaits trial for racketeering and sex trafficking charges.