Friday, February 3

Tag: Crypto Investors

Grayscale’s Ethereum Fund Is trading With A Huge Discount On NAV.
Cryptocurrency

Grayscale’s Ethereum Fund Is trading With A Huge Discount On NAV.

Grayscale’s Ethereum and Bitcoin funds are trading with a huge discount on NAV due to the lack of demand and constantly occurring selling pressure. These make them tentatively attractive to the investors who have not yet received exposure to the market via spot assets. What is Grayscale Cryptocurrency Fund? This was one of the famous ways to receive eye-opening to the cryptocurrency market, and it was largely used by institutional investors long before the appearance of Bitcoin or even Ethereum futures exchange-traded funds, and presently, Ethereum fund by Grayscale gives large discounts on NAV. Read Also: Dogecoin's large transactions rose 68% Due To Whales' Activities. Reason for the Discount on Net Asset Value (NAV) Large selling pressure which c...
Do Kwon, Terraform Labs CEO Encourages The Crypto Investors “Be The Change You Want To See”
Cryptocurrency

Do Kwon, Terraform Labs CEO Encourages The Crypto Investors “Be The Change You Want To See”

“Be the change you want to see” is a statement of the CEO of Terraform Labs to the crypto investors. He dwelled much on the fact that there are lessons to note from the occurrence that left some negative impacts on the crypto industry in recent months. The Why for the statement “Be the change you want to see” In the words of Kwon to the crypto investors which was recently shared in the series of tweets a few hours ago, following the recent collapse of the Terra ecosystem and the creation of the new blockchain as a repair mechanism for the collapsed one. Read Also: Elon Musk To Reimburse Investors Sum Of $86 Billion, Plus Pay Double That In Damages — An Additional $172 Billion. https://twitter.com/stablekwon/status/1538066680747728897  He said rather than causing a se...
Elon Musk To Reimburse Investors Sum Of $86 Billion, Plus Pay Double That In Damages — An Additional $172 Billion.
Press Release

Elon Musk To Reimburse Investors Sum Of $86 Billion, Plus Pay Double That In Damages — An Additional $172 Billion.

Elon Musk, a centibillionaire, and CEO of Tesla and SpaceX had filed $258  billion for promoting Dogecoin which lead to the loss of a huge amount of money by the investors. Keith Johnson who claims to be one of the investors says he lost money after  investing in dogecoin and described himself as an “American citizen who was defrauded” by what he called a “Dogecoin Crypto Pyramid Scheme.” Read Also: QUIC Protocol Will Be Implemented on the Solana Network To Eradicate Performance Declination He is asking for his motion, filed in a New York court, to be classified as a class-action suit on behalf of those who have suffered losses by investing in dogecoin since 2019. Since the inception of Dogecoin’s promotion by Musk, investors have lost almost $86 billion according to...
Ripple CEO States Reasons While Ripple Survive Despite Crypto Bear Market And Advice New Crypto Members ” this too shall pass”
Blockchain

Ripple CEO States Reasons While Ripple Survive Despite Crypto Bear Market And Advice New Crypto Members ” this too shall pass”

Despite the bearish in the crypto which has made almost all the crypto firms stop hiring or trying to reduce their employees, Garlinghouse of Ripple says they were able to weather the previous market bear downturns by having the experienced executives, focusing on the long-term and operating with transparency. Read Also: Walken, A Protocol Powered will launch on 20th June in collaboration with Bybit as the first listing platform for its token $WLKN. “The market is likely going to shrink in the near term, but I and many others have every ounce of confidence that crypto will succeed in the future as an integral part of our global financial systems. Slow and steady wins the race,” Brad Garlinghouse added. He went further giving word to some of the new members in the crypto indu...