Grayscale CEO Michael Sonnenshein Resigns; Goldman Sachs Exec Appointed New CEO

Grayscale CEO Michael Sonnenshein has resigned after a decade with the company. Peter Mintzberg from Goldman Sachs has been named as his replacement. Michael Sonnenshein, who served as CEO of Grayscale Investments for a decade, has stepped down from his position. According to the Wall Street Journal (WSJ), Peter Mintzberg, currently the Global Head of…

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Shiba Inu Shib

SHIB and ARKM Show Patterns Indicating Huge Gains; SHIB May Rally 60%

Shiba Inu (SHIB) price chart indicates bullish signs for a potential 50%-60% spike, while Arkham (ARKM), an AI-centric project, also shows bullish trends. Altcoins are signaling bullish movements amid Bitcoin’s sideways action. As the crypto market experiences a sideways bullish rally, many altcoins are showing promising patterns that could lead to significant price increases. Analysts…

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Bitcoin Mining

Venezuela Bans Crypto Mining Due to Power Crisis

Venezuela’s National Power Ministry has taken action against Bitcoin mining operations by disconnecting them from the country’s electricity grid and seizing more than 11,000 Bitcoin miners. This move aims to curb the high energy consumption associated with these mining farms, which has been straining Venezuela’s power resources. Venezuela’s Crackdown on Bitcoin Mining Farms Venezuela’s National…

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joe biden usa

Congress Approves Major Crypto Law to Reverse SEC’s SAB 121

The U.S. Congress recently passed a bill to reverse SEC’s Staff Accounting Bulletin No. 121, which currently mandates financial institutions to classify crypto assets as liabilities. However, President Biden has indicated he may veto the bill, underscoring his administration’s firm position on cryptocurrency regulation. The U.S. Congress has approved a bill aimed at changing SEC’s…

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