Day: January 9, 2025

Grayscale adjusts large cap fund increasing Bitcoin and Ethereum allocations to 90%

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Key Takeaways Grayscale has increased Bitcoin and Ethereum allocations to a combined 90% in its Digital Large Cap Fund. Cardano was added to the fund with a 1.44% allocation, responding to a 75% price increase over the past year. Share this article Grayscale Investments raised Bitcoin and Ethereum allocations to a combined 90% in its Digital Large Cap Fund during its Q4 2024 rebalancing. Bitcoin maintains a 73.52% share, while Ethereum holds 16.16% of the portfolio. The asset manager removed Avalanche from the fund and added Cardano with a 1.44%…

Pro-crypto advocate Bryan Steil named chair of Subcommittee on Digital Assets

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Key Takeaways Bryan Steil has been named chair of the Subcommittee on Digital Assets, overseeing regulations for digital assets. Steil supports legislation that balances innovation with investor protection in the crypto sector. Share this article Bryan Steil has been named chair of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. In this role, he will lead efforts to regulate digital assets and oversee policies for emerging technologies. The Wisconsin representative has supported major crypto-friendly legislation, including FIT-21 and SAB 121. FIT-21 focuses on establishing…

The Future Of Home Bitcoin Mining Is Bright

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Follow Frank on X. Perhaps the best way to decentralize the Bitcoin network is through home mining, and things are trending in the right direction. Yesterday, Solo Satoshi announced the Bitaxe Touch, the latest device in the world of home bitcoin mining. This new device will utilize the BM1370 ASIC chip from the Bitmain S21 Pro and will be able to reach a hashrate of up to 1.6 TH/s. It will also feature a touch screen that displays Bitcoin network stats including the total network hashrate, overall network difficulty and…

Circle joins Ripple, Coinbase to support Trump’s inaugural committee

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Key Takeaways Circle has donated 1 million USDC to President-elect Donald Trump’s inaugural committee. The Trump-Vance Inaugural Committee aims to raise $150 million for the inauguration events. Share this article Circle has joined Ripple, Coinbase, and Kraken in supporting President-elect Donald Trump’s inaugural committee. Circle co-founder and CEO Jeremy Allaire announced today that the company just donated 1 million USDC to Trump’s inauguration. “We are excited to be building a great American company,” Allaire said, noting that the Committee’s acceptance of USDC demonstrates “how far we have come, and the…