Grayscale Unveils Avalanche Trust, AVAX Soars 10%
Grayscale launches Avalanche Trust, a single-asset crypto investment trust, prompting AVAX to rise 10% today. Grayscale Investment, a leading crypto asset manager, has unveiled an investment trust for Avalanche. Following this announcement, AVAX’s price surged by nearly 10%, signaling a positive shift in investor sentiment. This development also underscores the asset manager’s commitment to broadening its […]
Bithumb Wins 130M Won Corporate Tax Lawsuit
The Seoul High Court Administration Department recently absolved Bithumb of a massive 130 million won corporate tax charge. The Seoul High Court Administration Department 1-3 has recently ruled in favor of the South Korean crypto exchange, Bithumb, regarding an appeal to eliminate specific tax charges. Presided over by Judges Lee Seung-han, Shim Jun-bo, and Kim […]
Binance to Outspend Ripple’s SEC Lawsuit Costs on Compliance
Binance spending on compliance requirements to exceed $200 million amid new hiring plans, which is more than Ripple’s legal costs in the SEC lawsuit. Binance, the world’s largest cryptocurrency exchange, is preparing to make significant investments in ensuring full compliance following recent regulatory conflicts worldwide. Binance Holdings plans to hire 1,000 new employees this year, many of […]
a16z Leads Major Funding, Boosting PIP Labs Valuation to Over $2 Billion
a16z has led a $80 million funding round for PIP Labs, the developer of Story Protocol, bringing the company’s valuation above $2 billion. Venture capital firm a16z has supported PIP Labs in a new $80 million funding round that attracted participation from major companies. This round has boosted the firm’s valuation to over $2 billion, […]
Vitalik Buterin Propose ‘Plurality’ For Crypto Governance Issues
Vitalik Buterin, co-founder of Ethereum, aims to improve the concept of decentralisation by changing the way blockchain systems interact. Ethereum (ETH) co-founder Vitalik Buterin has introduced the “Plurality” philosophy to address the tension between the crypto ecosystem and traditional governance systems. While he acknowledges that this pluralistic approach can enhance existing systems, he does not […]