Author: Daily Hodl Staff

Crypto Giant Grayscale Officially Files To Convert Nearly $40 Billion Bitcoin Trust Into an ETF

Crypto Giant Grayscale Officially Files To Convert Nearly $40 Billion Bitcoin Trust Into an ETF

Digital currency asset manager Grayscale Investments is announcing plans to convert its Bitcoin (BTC) trust into an exchange-traded fund (ETF).
Grayscale says it wants to transform the 2013-launched Grayscale Bitcoin Trust (GBTC) into a Bitcoin ETF. The value of GBTC’s assets under management is close to $40 billion, according to Grayscale.
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Cardano, Polkadot and Four Additional Altcoins Are Set To Explode in 2022, According to Crypto Trader Austin Arnold

Cardano, Polkadot and Four Additional Altcoins Are Set To Explode in 2022, According to Crypto Trader Austin Arnold

Crypto trader and Altcoin Daily host Austin Arnold thinks six major altcoins are gearing up for massive rallies in the next year.
In a recent crypto update, the YouTube star tells his 1,040,000 subscribers that Ethereum layer-2 (L2) scaling solution Polygon (MATIC) is gaining momentum after landing a partnership with the $20 billion gambling company DraftKings.
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Ethereum on the Brink of Catching Fire, According to Analyst Justin Bennett – Here’s His Target and Timeline

Ethereum on the Brink of Catching Fire, According to Analyst Justin Bennett – Here’s His Target and Timeline

Widely followed crypto analyst Justin Bennett thinks Ethereum (ETH) is gearing up for another major rally that could launch the crypto asset by nearly 400%.
In a series of tweets, Bennett explains how Ethereum could rally to $20,000 by January 2022 if Bitcoin (BTC) allows for the right market conditions.
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Coinbase Launches Support for New Crypto Assets on Retail Trading Platform

Coinbase Launches Support for New Crypto Assets on Retail Trading Platform

Coinbase is adding two altcoins built on Ethereum to its ever-expanding suite of crypto assets.
After initially only being available on Coinbase Pro, ARPA Chain (ARPA) and Perpetual Protocol (PERP) are now open for trading on the company’s main retail trading platform and mobile applications.
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Crypto Fraudsters Who Raised $24,000,000 for Fictitious Bitcoin-Mining Facility Face 5 Years in Jail for Tax Evasion

Crypto Fraudsters Who Raised $24,000,000 for Fictitious Bitcoin-Mining Facility Face 5 Years in Jail for Tax Evasion

Two founders of a cryptocurrency firm that defrauded investors are facing up to half a decade in prison for tax evasion.
According to the U.S. Attorney’s Office in the Northern District of Texas, Bruce Bise and Samuel Mendez founded crypto company Bitqyck and held an initial coin offering (ICO) in 2016, raising approximately $24 million from over 13,000 investors.
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Bitcoin and Crypto Will Devour Gold and Other Assets, Says Bloomberg Commodity Strategist Mike McGlone – Here’s Why

Bitcoin and Crypto Will Devour Gold and Other Assets, Says Bloomberg Commodity Strategist Mike McGlone – Here’s Why

Bloomberg Intelligence’s senior commodity strategist Mike McGlone says that Bitcoin (BTC) adoption will continue to siphon off market share from more traditional assets such as gold.
In a new interview with BNN Bloomberg, the analyst says he is not completely bearish on gold, but recognizes that Bitcoin is the currency of the younger digital generation.
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Losing Everything in Vegas Is Legal, but Heaven Forbid We Buy Crypto Assets: Raoul Pal to SEC

Losing Everything in Vegas Is Legal, but Heaven Forbid We Buy Crypto Assets: Raoul Pal to SEC

Macro guru Raoul Pal says that federal regulations on crypto investing are inconsistent with existing laws in other areas.
In a new interview, the Real Vision chief executive officer says that it makes little sense for regulators to allow consumers to risk losing all of their money in Las Vegas while also keeping a close eye on their crypto investments.
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Under-the-Radar Catalyst Could Secretly Spark Huge Long-Term Bitcoin Rally, Says Crypto Analyst Benjamin Cowen

Under-the-Radar Catalyst Could Secretly Spark Huge Long-Term Bitcoin Rally, Says Crypto Analyst Benjamin Cowen

Popular crypto analyst Benjamin Cowen says that one overlooked catalyst could ignite a big long-term rally for Bitcoin (BTC).
In a new strategy session, the analyst takes a look at the dollar index (DXY), which compares the US dollar against a basket of other major fiat currencies. Generally speaking, a weaker dollar can often imply higher prices in many assets.
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Brazilians Have Invested Over $4,000,000,000 in Crypto This Year, According to Central Bank: Report

Brazilians Have Invested Over $4,000,000,000 in Crypto This Year, According to Central Bank: Report

Brazil’s top bank is revealing that Brazilians have purchased billions of dollars worth of cryptocurrencies this year, according to Portal do Bitcoin.
The Central Bank of Brazil says that year-to-date, Brazilians have bought crypto assets worth $4.27 billion.
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