Binance plans to deploy $1 billion toward Bitcoin and other cryptocurrencies. The report by Binance could have hedged the Biggest crypto rally. Bitcoin surged briefly above $26,000 before falling back...
Tag: conversion
AMC ‘APE’ Conversion Gets Shareholder Vote Today. What to Watch.
Shareholders for AMC Entertainment Holdings are scheduled to vote on measures that could drastically change the movie theater’s ability to raise cash selling stock. The firm will hold a special meetin...
Coinbase Resumes USDC to Dollar Conversion
Coinbase has resumed USDC to USD conversion as the banks reopen after the weekend break. And the stablecoin has regained its $1 peg. As crypto recovers back to normal after a weekend full of volatilit...
Binance’s CZ announces BUSD recovery funds conversion to ‘native crypto’
Binance CEO has announced that the exchange will convert $1 billion Industry Recovery Initiative funds to native cryptos such as BTC, ETH, and BNB from BUSD. Binance co-founder and CEO, Changpeng “CZ...
Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’
The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark. Amid the ...
Coinbase halts conversion feature between U.S. dollars and USDC
Coinbase said Friday evening that it halted support for conversions between U.S. dollars and stablecoin USDC. “We are temporarily pausing USDC:USD conversions over the weekend while banks ...
Want to Leave Assets to Your Heirs? Consider Using a Taxable Account to Pay for a Roth Conversion
Want to Leave Assets to Your Heirs? Consider Using a Taxable Account to Pay for a Roth IRA Conversion A Roth conversion is one of the many tools in the financial toolbox to reduce taxes in retirement ...
Tether’s Proposal for TRC20 to ERC20 Conversion
Altcoin News Chain swap of assets from the existing blockchain to another blockchain. 1.6 billion USDT undergoes a conversion from TRC20 to ERC20. Tether made an announcement of coordinating with Bina...
Grayscale CEO Says $2,000,000,000 Could Return to GBTC Investors’ Pocket Upon Conversion To Spot Bitcoin ETF
Grayscale CEO Michael Sonnenshein says that investors would greatly benefit from the conversion of GBTC into an exchange-traded fund (ETF), something the firm has been fighting for for multiple years....
Grayscale, SEC will voice oral arguments over GBTC ETF conversion in March
Grayscale and the U.S. Securities and Exchange Commission will soon have their oral arguments heard in court regarding the conversion of Grayscale Bitcoin Trust into an exchange-traded fund, according...
Should you add $30,000 to your retirement with an after-tax auto Roth conversion?
If you are saving up to the employee limit in your workplace retirement accounts and looking to add more, you’ll be glad to hear that employers are making it easier than ever to make extra after-tax c...
Grayscale Blasts SEC’s ‘Illogical’ Denial of GBTC Conversion
Grayscale Investments’ lawsuit against the SEC took another step forward Friday as the cryptoasset manager called out the regulator for “illogical” reasoning. The company sued the SEC in June after it...
Grayscale Files Reply Brief to SEC Denial of its Spot BTC Conversion
GBTC submitted a 41-page Reply Brief with the US District Court of Appeals. Grayscale argued that the SEC acted arbitrarily in discriminating spot bitcoin. Grayscale says spot ETF would unlock over $4...
Grayscale ponders tender launch if ETF conversion fails
Michael Sonnenshein, the CEO of Grayscale Investments, categorically states that their ultimate preference lies in converting the GBTC to an ETF. Furthermore, this conversion is done for the benefit o...
Grayscale will repurchase 20% of shares if ETF conversion fails, CEO promises
Grayscale Investments’ CEO Michael Sonnenshein announced that the company might consider “a tender offer” for GBTC if it will not be able to convert its trust to an ETF. In his end-of-year letter to i...
Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails
According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments CEO Michael Sonnenshein said that the firm might consider “a tender offer for a portion of the outstanding s...
Grayscale may offer to buyback GBTC if ETF conversion fails – WSJ
Grayscale Investment CEO Michael Sonnenshein has informed GBTC shareholders that the firm could offer to buy back up to 20% of the outstanding shares worth approximately $10.7 billion, The Wall Stree ...
3 Simple Ways to Boost Conversion Rates on Your Ecommerce Website
Everyone can improve their conversion rates, and if you’ve been struggling to turn visitors into buyers lately, you should know that there is always hope. Unless something catastrophic is happening wi...
SEC Strikes Back in Grayscale Suit Over GBTC ETF Conversion
The U.S. Securities and Exchange Commission (SEC) filed a brief last week defending itself against claims its denial of Grayscale Investment’s application to convert its flagship Grayscale Bitcoin Tru...
Coinbase Waives USDT to USDC Conversion Fees Shortly After Binance Ditched USDC ⋆ ZyCrypto
Advertisement     The USDC stablecoin saga continues as leading cryptocurrency exchange Coinbase attempts to ease the conversion process of USDT holders looking to con...
Coinbase Announces Zero-Fee USDT to USDC Stablecoin Conversion
In what may signal the beginning of a new phase in the battle for stablecoin dominance, Coinbase, the world’s second-largest crypto exchange by trading volume, is now encouraging its users to swap fro...
Crypto Conversion to TradFi Becomes Objective for Regulators
The shockwave from the collapse of the world’s second-largest centralized crypto exchange is still reverberating. Moreover, it has given regulators all the ammunition they need to come down hard on th...
Should I do a Roth conversion to offset stock losses?
Q.: Dear Dan, We have roughly $45,000 in short-term & long-term losses this year from our brokerage accounts. Is the best move to sell some of our positive stock positions in our brokerage account...
BitMEX adds Crypto conversion support for NEAR, AVAX & BNB
BitMEX recently announced extending its crypto conversion support to NEAR, AVAX, and BNB. However, this extended support system allows users to convert USD Coin into every token and coin available on ...
‘No Justification’ for SEC to Deny Bitcoin Trust Conversion Into ETF: Grayscale
The world’s largest crypto asset manager Grayscale Investments has filed its opening legal brief challenging the U.S. Securities and Exchange Commission’s (SEC) decision to deny the conversion o...
This Crypto Could Benefit From Binance BUSD Auto Conversion?
Stablecoins enjoy the privilege of being one of the most traded types of cryptocurrencies by the virtue of their application. For a long time in recent past, a few major stablecoins enjoyed the pole p...
When Not to Take a Roth In-Plan Conversion
HELOC Closing Costs A Roth in-plan conversion lets you take a distribution that is rollover-eligible from your 401(k) plan and roll it over to a Roth account in the same plan. The Roth in-plan convers...
Grayscale’s GBTC drops to all-time low of $12.5K; conversion to spot ETF could trigger rebound
Grayscale’s bitcoin trust (GBTC) which started trading at a discount in Feb. 2021 has reached an all-time low of -36% when compared to the spot BTC price of $19,000. Grayscale launched the first bitco...
Will you regret that Roth conversion when you get a huge tax bill?
If you took advantage of the down market in 2022 to convert some of your IRA to a Roth, you’re about to get a reality check of how much that will cost you when you file your tax return. Tax-saving str...