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Here are the top 5 crypto news for the day!
Let’s dive into these news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.
According to the report, the New-York-based Millennium Management has exchanged the shares of Grayscale’s Bitcoin Trust.
Grayscale Chief Executive Michael Sonnenshein commented through a spokesperson, “The arbitrage trade is just so broken,” referring to the crumbling of the price-premium that GBTC traded at relative to the price of Bitcoin (BTC).
GBTC shares are currently trading at an 8.35% discount to net asset value, according to YCharts data, which does not sit well with stakeholders.
Economy Minister of UAE, Abdulla Bin Touq Al-Marri stated that crypto and tokenization will play an important role in the country’s plan to double its economy to protect investors as well as the larger financial organization without suppressing innovation.
Apart from this, he mentioned that “We understand the challenges as such, but we are experimenting, and allowing the UAE to be a site of experimentation.”
Spain’s Ministry of Economy took its first step towards implementation on the regulation of cryptocurrencies into the country. They sent emails to the members and investors of the crypto industry and its customers.
They gave time for two weeks to prepare testimonials with their observation on the given cryptocurrency regulations.