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

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

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In this week’s Market Report show, Cointelegraph’s resident expert discusses what the implications would be if the Grayscale Bitcoin Trust collapsed.

This week’s show starts with the latest news on the market.

GBTC Next BTC Price Black Swan? — 5 Things You Need To Know About Bitcoin This Week

Bitcoin (Bitcoin), like the rest of the crypto industry, remains highly sensitive to downside risks as it continues to deal with the impact of the implosion of exchange FTX, the largest cryptocurrency.

Contagion is the word on everyone’s lips as November approaches, and fears continue to emerge of new victims of FTX’s massive liquidity vortex, similar to Terra’s collapse earlier this year. there is. Grayscale Bitcoin Trust (GBTC) seems to be in the spotlight this week for all the wrong reasons. When is the next Black Swan event? We break down all the details surrounding GBTC to keep you up to date.

Data Shows Traders Are Moderately Bullish Even With Crypto Market Cap Below $800 Billion

Cryptocurrency market capitalization dipped below $800 billion, but it reveals a few reasons why some traders are bullish. Our very own Marcel Peckmann analyzes why some traders are actually bullish. Marcel has some very good reasons for this, so be sure to tune in and find out.

Cardano to Launch New Algorithmic Stablecoin in 2023

Proof-of-stake blockchain platform Cardano has partnered with Coti, a directed acyclic graph-based Layer 1 protocol, to launch what it calls an overcollateralized algorithmic stablecoin. . The project said in a statement provided to Cointelegraph that the stablecoin would be backed by extra collateral in the form of cryptocurrencies stored in reserves. How is this different from existing stablecoins already in circulation?

CoinMarketCap Launches Proof of Reserve Tracker for Cryptocurrency Exchanges

CoinMarketCap, a leading market researcher and tracker in the cryptocurrency industry, has announced the launch of a new feature for its platform that provides users with the latest financial information about the exchange.

of Proof of Reserve (PoR) Tracker audits industry-active cryptocurrency exchanges for liquidity transparency at a given point in time. According to the announcement, the tracker details the company’s total assets, associated public wallet addresses, balances, current prices, and wallet values. Our experts analyze the need for such tools and how they can help the industry.

Have questions about a coin or topic not listed here? Don’t worry. Join our YouTube chat room and post your questions. We will definitely give you an answer.

Market reports are streamed live every Tuesday at 12:00 PM (4:00 PM UTC). Cointelegraph YouTube Page And hit the like and subscribe buttons for all future videos and updates.

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