Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Which firm will be the next one to cause ripples in the market?

), the largest cryptocurrency, just like the rest of the crypto industry, remains highly susceptible to downside risk as it continues to deal with the fallout from the implosion of exchange FTX.

Contagion is the word on everyone’s lips as November grinds on — just like the Terra collapse earlier this year — and fears are that new victims of FTX’s giant liquidity vortex will continue to surface. Grayscale Bitcoin Trust seems to be on everyone’s radar this week for all the wrong reasons. Will it be the next black swan event? We break down all the details surrounding GBTC to keep you up-to-date.

CoinMarketCap, a leading market researcher and tracker in the crypto industry, announced the launch of a new feature on its platform that gives users updated financial insights on exchanges.tracker audits active cryptocurrency exchanges in the industry for transparency on liquidity at a given moment. According to the announcement, the tracker details the total assets of the company, and its affiliated public wallet addresses, along with the balances, current price and values of the wallets.

Do you have a question about a coin or topic not covered here? Don’t worry. Join the YouTube chat room and write your questions there, and we’ll make sure to get you your answers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Your fud is not fudding anymore 😂😂😂

i think no one can guess 😄

Genesis

Can we make it good ripples please

I hope it won’t be any

Coindesk would never raise such a question.

Could Cointelegraph be next to collapse? Seriously now I know these titles drive clicks + Adsense revenue for you guys. Tone it down a little you read like the “SUN”

FTX anticipates there will be Millions of creditors in the bankruptcy. Take your pick, they're literally Millions to choose from.

Coinbase!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bernstein: Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global.BernsteinBuzz says if GenesisTrading has to file for bankruptcy, creditors have no claim on the assets of Grayscale's GBTC as it is ring-fenced from failures within parent company DCGco or DCG group entities. BernsteinGautam By willcanny99 BernsteinBuzz GenesisTrading Grayscale DCGco BernsteinGautam willcanny99 Hate to say it but GBTC is probably the biggest scam of all time. Apparently holders of the share can’t redeem it for BTC. Good luck selling at a discount. BernsteinBuzz GenesisTrading Grayscale DCGco BernsteinGautam willcanny99 New Ponzi management , crypto not true but you all human error making cash BernsteinBuzz GenesisTrading Grayscale DCGco BernsteinGautam willcanny99 MTVDS1
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin, Ethereum Technical Analysis: BTC Below $16,000 Amid Increased Market Volatility – Market Updates Bitcoin NewsBitcoin slipped below $16,000 on Nov. 21, as markets continued to react to the news that the FTX contagion had impacted yet another firm. IMPORTANT: IMPORTANT: Whyy is everybodyy silent on thiss?
Source: BTCTN - 🏆 531. / 51 Read more »