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Here are the top 5 crypto news for the day!

Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we

know it, in the coming days.

 

Digital Currency Group Pushes $750 Million Into GBTC Shares

 

Grayscale Parent Company, Digital Currency Group, has proposed buying an additional $557 million of shares of the Grayscale Bitcoin Trust (GBTC). This increases the total investment of the trust to $750 million. Digital Currency Group lead by Barry Silbert is one of the major crypto investment firms. And Grayscale is one of many DCG’s subsidiaries. 

 

The Latest Deutsche Bank Report Says that Crypto is Here to Stay

 

In the latest, April 2021 CIO Special report, the chief investment officer of Deutsche Bank, Christian Nolting, has highlighted the current state of the cryptocurrency industry. With the industry’s rapid growth amid the COVID-19 pandemic, he believes cryptocurrencies are here to stay.

 

The US Digital Dollar Project Planning To Launch Five CBDC Pilots

 

The US not-for-profit Digital Dollar Project revealed on Monday that it is going to introduce five Central Bank Digital Currency (CBDC) pilot programs over the next 12 months. It is to check the potential uses of a United States Central Bank Digital Currency which is going to be the first effort of its kind.

 

Survey Shows the Upcoming South Korean Crypto Tax Law Enjoys Wide Support

 

A survey conducted by local survey firm Realmeter has shown that most people support the upcoming South Korean crypto tax law, due to roll out next year. Reportedly, over 53% of South Koreans are in support of the taxation of cryptocurrencies.

 

Pubic ETH Address of Vitalik Buterin Now Holds Over 333,500 Ethereum

 

The public ETH address of the Co-Funder of Ethereum, Vitalik Buterin now holds over 333,500 Ethereum, making him a crypto billionaire. The latest spike in the price of the second-largest cryptocurrency in the world has forced the total value of the ETH holdings of Buterinn above $1 billion.