Fir Tree Fund Sues Grayscale in Effort to Force Changes to Bitcoin Trust
Fir Tree Capital Management has filed a lawsuit against Grayscale Investments demanding information that could be used to force changes to the way it runs its flagship Bitcoin Trust. According to Bloomberg, a Dec. 6 complaint was filed against Grayscale at the Delaware Court of Chancery and seeks to have Grayscale lower its fees, start redemptions and hand over documents relating to its relationship with the Digital Currency Group. (Cointelegraph)
Macro Expert Raoul Pal Says Bitcoin (BTC) is Set to go Exponential
While BTC and altcoins are yet to rebound strongly, the renowned investment strategist and economic historian <a href="https://timestabloid.com/tag/raoul-pal/" target="_blank">Raoul Pal</a> noted in a recently <a href="https://www.getrevue.co/profile/raoulgmi/issues/when-liquidity-changes-everything-changes-1479317" target="_blank">published newsletter</a> that macroeconomic factors, such as the total money supply (Global M2) across the world, are becoming positive.
Bitcoin Payments Platform Strike Brings Lightning-Based Remittance Payments to Africa
Bitcoin payments platform Strike has now expanded to Africa, enabling instant and low-cost remittances to the continent by leveraging its new “Send Globally” feature.
Paxful Co-Founder Ray Youssef Warns of Ponzi Altcoins at Africa Bitcoin Conference
The co-founder of peer-to-peer trading platform Paxful, <a href="https://twitter.com/W_SamTheMan/status/1599728393284595713">Ray Youssef</a>, took the stage to point out none of the scandals relate directly to Bitcoin, and, unlike FTX and Celsius, to name a few, Paxful is not engaged in “hanky panky or dodginess.”
Indonesia Payment System Digitalization Among 2023 Economic Growth Plans
A new<a href="https://www.bi.go.id/en/publikasi/ruang-media/pidato-dewan-gubernur/Documents/Book_PTBI_2022_en.pdf" target="_blank"> report</a> by the Bank of Indonesia highlights the country’s 2023 economic growth plan which will include the digitalization of payment systems and the creation of a Digital Rupee. This will comprise increasing the availability and use of digital payments, such as e-wallets and online banking. The government has been actively promoting the use of digital payments since the launch of the national e-payment system, the National Payment Gateway (NPG), in 2019.
MicroStrategy’s Saylor Urges the SEC to Shut Down Ripple, Says ETH and XRP Are Unregistered Securities
In a recent podcast session, Michael Saylor, the founder and former CEO of Microstrategy, showed support for the United States Securities and Exchange Commission’s (SEC) standpoint regarding Ripple and XRP.
Hong Kong’s Race To Launch First Crypto-Linked ETF Begins
Three Hong Kong-based asset management firms have applied for exchange-traded funds (ETFs) tracking Bitcoin and Ethereum futures, traded on the Chicago Mercantile Exchange, for retail investors.
Strike To Allow Africans Receive Remittances In Fiat Using Bitcoin’s Lightning Network
Africans will be able to receive global payments in fiat through the Bitcoin lightning network at no cost to the senders.
Bitcoin Mining Difficulty Drops by More Than 7%, Thanks to Crypto Winter
Bitcoin mining difficulty fell by a great margin on 6 December. This was one rare instance that happened after July 2021. The drop in difficulty at block height 766,080 was 7.32% as per the data on the BTC.com mining pool.
Bitcoin, Ether Both Trading Lower As Crypto Stocks Lead Monday Declines
Cryptocurrency prices traded down on Monday, with bitcoin slipping below $17,000. Crypto-related stocks fell across the board, with declines lead by Silvergate.
