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Tag Archives: galaxy digital

Bitcoin Price Could Hit $1,000,000 by 2029, Says Perianne Boring

As the crypto market evolves, only time will tell if Bitcoin can truly reach $1 million by 2029, altering how investors view and interact with digital assets. Perianne Boring, founder and CEO of the Chamber of Digital Commerce recently made a bold prediction that Bitcoin‘s price could surge to an astonishing $1,000,000 by 2029. Bitcoin’s Valuation Model and Current Market Price In a recent interview with CNBC, Boring discussed the current market conditions of Bitcoin, suggesting that its...

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German Asset Manager DWS to Issue Euro Stablecoin Along with Galaxy

To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin. Deutsche Bank’s DWS Group, along with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd, is set to establish a new entity named AllUnity. The primary objective of AllUnity is also to issue a euro-denominated stablecoin, aiming to foster wider acceptance of tokenized assets in...

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Valkyrie Amends Prospectus for Spot Bitcoin ETF Application

As of late October, the SEC is reportedly reviewing eight to ten potential spot Bitcoin spot ETF filings. Asset manager Valkyrie has recently made waves due to its decision to amend its prospectus for a spot Bitcoin (BTC) ETF filed with the US Securities and Exchange Commission (SEC). The Valkyrie Bitcoin ETF Update James Seyffart, a renowned analyst at Bloomberg, shared this development on social media platform X, shedding light on Valkyrie’s efforts to meet the SEC’s requirements for its...

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Federal Court Set to Formalize Grayscale ETF Victory Today Following SEC’s Refusal to Appeal

A federal court may formalize the ruling on Grayscale’s ETF today, officially vacating the SEC’s refusal to convert the GBTC. A federal court is set to formalize Grayscale Investments’ victory over the United States Securities and Exchange Commission (SEC) over the firm’s conversion of the GBTC into a spot Bitcoin exchange-traded fund (ETF). Closing the case will legally establish Grayscale’s win, especially as the SEC chose not to appeal the ruling. Court to Formalize Grayscale Ruling...

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BitGo Partners with Swan Bitcoin to Float First-Ever Bitcoin-Only Trust Company

The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure. California-based crypto custodian BitGo Inc and Bitcoin services firm Swan are working to create a Bitcoin-only trust company. The new firm will offer customers Bitcoin custody without the risk of exposure to the crypto market. According to an official press release, the new firm will be the first Bitcoin-only trust company. It will combine regulatory compliance...

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FTX Wants to Hire Galaxy Digital to Sell, Stake or Hedge Its Billion-Dollar Crypto Holdings

CoinspeakerFTX Wants to Hire Galaxy Digital to Sell, Stake or Hedge Its Billion-Dollar Crypto Holdings Galaxy Digital will help FTX return funds to its creditors while making sure that the value of FTX's $3 billion of crypto holdings doesn't subside. FTX Wants to Hire Galaxy Digital to Sell, Stake or Hedge Its Billion-Dollar Crypto Holdings

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