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World’s Wealthiest Annual Ranking Now Lists 12 Crypto Billionaires

The American business magazine Forbes recently published the company’s 2021 documentation of the wealthiest billionaires in the world. According to the list published annually every March, there are now 12 billionaires that work directly within the cryptocurrency industry and the list of crypto billionaires is 3x larger than last year. Today’s Crypto Billionaires List Since March 1987, Forbes has been publishing a list of the world’s wealthiest billionaires compiled in a list for the public to view. Back then the Japanese businessman and real-estate mogul Yoshiaki Tsutsumi was the richest person in 1987 with an estimated wealth of around $20…

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MicroStrategy makes good on promise to buy another 17K Bitcoin

MicroStrategy is competing with Grayscale in Bitcoin acquisition race according to Barry Silbert. MicroStrategy acquired 16,796 more Bitcoin for $175 million, adding to its previous purchase of 21,454 BTC. Now, it owns 38,250 Bitcoin according to its latest SEC disclosure. This occurred on the same day that its board of directors made the cryptocurrency its primary treasury reserve asset. It was also indicated that the company could add to its Bitcoin reserves in the near future. The company’s CEO Michael J. Slayer also restated the same information in a tweet from earlier today. On September 14, 2020, MicroStrategy completed its…

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Barry Silbert Looks to Bring Chinese BTC Mining Business Back to the U.S.

Barry Silbert – crypto entrepreneur and the leader of the Digital Currency Group (DCG) – has announced that he is looking to remove some of the heavy bitcoin business that’s been going on in China and move it back to the United States. How will he do this? Through a company he’s created called Foundry, via which he will invest roughly $100 million into mining operations situated throughout North America. Barry Silbert: Now Is the Time for the U.S. to Shine The fact that China has become so powerful in the world of bitcoin has got a lot of people…

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Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry

The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and the competition continues to heat up across the world. News.Bitcoin.com has been recently reporting on how mining firms like Marathon Patent Group and Riot Blockchain have been spending millions of dollars on mining rigs manufactured by Microbt and Bitmain. Meanwhile, the Bitcoin (BTC) network, in…

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Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status

The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset investment vehicle to obtain the status of a reporting company by the SEC. Established in 2013 by Digital Currency Group, Grayscale Investments has been around for quite some time now. The firm manages a number of investment vehicles that allow investors to gain exposure to…

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Bitcoin Executive Sees More Crypto Companies Going Public in 2020 

Barry Seibert, the chief executive of institutional crypto investment company Grayscale Investments and crypto advocacy association Digital Currency Group (DCC), has been sharing some of his most optimistic assessments of the crypto industry recently. Over the weekend, he shared his thoughts over a potential for growth concerning companies in the industry. The IPO Craze In a tweet on Saturday, Seibert predicted that this year would see some crypto companies going public.  SPAC pitches coming my way from every direction. Methinks we’re going to have some publicly traded crypto companies this year… — Barry Silbert (@barrysilbert) July 25, 2020 He explained that several…

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The U.S. Is Probably Not Going to Attack Bitcoin

It looks like bitcoin has reached a new pinnacle in the U.S. government. For a long time, many Americans have been worried that the country is looking to shut down bitcoin operations, but now it looks like these fears are ready to subside. Bitcoin Is Likely Here to Stay Figures like current president Donald Trump have stated in the past that they aren’t fans of bitcoin given that they thought the currency’s value was based on thin air. In addition, according to John Bolton’s book, Trump has been going after bitcoin since the year 2018, though this probably should be…

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Grayscale CEO: United States “Past the Point”’of a Bitcoin Ban 

Despite the continued push for crypto adoption in the United States, there are still rumors of a potential ban in the country. Lending his insights, Barry Seibert, the chief executive of institutional crypto investment giant Grayscale Investments, expressed doubts over Washington’s ability to impose a ban. Better Relationships and Improved Awareness  Seibert expressed his thoughts in an investor call posted on July 16, 2020. He explained that he was cautiously optimistic about the United States developing a robust regulatory environment for digital assets. In part, he said, “For the first time ever, we are past the ‘ban bitcoin’ perceived risk. There’s…

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Grayscale CEO Believes US Regulators Can’t Shut Down Bitcoin

Grayscale CEO Barry Silbert believes that the United States is not in a position where the regulators can support the ban of crypto assets especially the ones such as Bitcoin. In our latest Bitcoin news, we take a closer look at his analysis. The Grayscale CEO, Barry Silbert, believes that the US regulators are past the point of return for banning bitcoin. The CEO said that he was “cautiously optimistic” about the chances of regulations in the United States for improving or at least not getting worse for the cryptocurrency: “For the first time ever, we are past the ‘ban…

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Why Grayscale CEO Barry Silbert Believes A U.S. Bitcoin Ban Won’t Be Coming At All

The chances of the U.S. banning Bitcoin are close to zero according to Grayscale CEO Barry Silbert, who cited “enough support” in Washington D.C. that deems the world’s first cryptocurrency has the right to exist. Technically, Bitcoin can’t be banned. With no founder to summon to the Congress, with thousands of nodes and developers around the world, it’s next to impossible for Bitcoin to not continue even if the U.S. would ban its use within its borders. Of course, such a move will have a significant impact for a period of time.  Talks about Bitcoin being banned started after the…

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