Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC

A Securities and Exchange Commission filing filed on September 16 shows that the company Grayscale Investments has declared “distribution of rights to Ethereum Proof of Work Tokens.” The newly launched ETHW blockchain went live on September 15 and roughly 50-60 terahash per second (TH/s) of hashrate is dedicated to the new network. Grayscale notes that … Read more

Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product

On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the startup launched a new product called Stablesats, a stablecoin concept that leverages derivatives contracts to create a bitcoin-backed synthetic dollar pegged to … Read more

Bitcoin.com Celebrates 4 Million Wallets Created

Today we’re celebrating a milestone as the Bitcoin.com Wallet has seen a whopping 4 million wallets created since the light client launched. The wallet allows anyone in the world to participate in the cryptoconomy by offering a secure, noncustodial storage solution for bitcoin cash (BCH) and bitcoin core (BTC). Also read: $500K of BCH Shuffled … Read more