“My prediction for the future of money is that it’s going to get a lot weirder. It will be more closely tied to, or allow a greater expression of, our identities and our individuality.” – Laura Shin, podcaster Money used to be simple. Central banks issued it. You earned it, spent it, rarely thought about […]
Archives for November 2021
UST Stablecoin Demand, DeFi Incentives Drive Terra’s LUNA to New All-Time High
LUNA, the native token of the Terra blockchain, hit a record high Tuesday, as demand for the network’s UST stablecoin surges and users chase multiple incentive programs. This is the second time in November that LUNA has logged a new all-time high. At press time, LUNA was changing hands at $57.63, up 11% in the […]
Griid Infrastructure Set for NYSE Listing Through $3.3B Merger
Griid Infrastructure, which owns and operates bitcoin mining facilities, is to list on the New York Stock Exchange through a merger with Adit EdTech Acquisition Corp. The combined enterprise value of the two companies is $3.3 billion, according to an announcement Tuesday. Cincinnati-based Griid has three facilities in the U.S. and aims to have mining […]
Kleiman V. Wright: Jury Deliberations Continue in Week 2
MIAMI — A federal jury has not yet reached a verdict after deliberating Monday in the federal civil trial of Kleiman v. Wright, which is now in its fourth week. However, a question posed by the jury suggested they are not comfortable valuing bitcoin. “Many of us do not feel comfortable adjcating [sic] an amount,” […]
Investment Firm Kelly Files for Ether Futures ETF
Kelly Strategic Management, an investment firm headed by Kevin Kelly, has filed for approval in the U.S. of an exchange-traded fund (ETF) tied to ether futures, just three months after ProShares and VanEck pulled similar filings. The Kelly Ethereum Ether Strategy ETF is an actively managed fund that will invest in cash-settled Ether futures contracts […]
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