Onchain Analysis Verifies the Number of BTC Held by Grayscale’s Bitcoin Trust – Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

On Nov. 23, the OXT researcher verified a stash of bitcoins that are likely tied to Grayscale’s GBTC cache held by Coinbase.

After Grayscale Investments shared information concerning the company’s product holdings, people questioned why the firm wouldn’t share the public addresses associated with the crypto assets it holds. However, on Nov. 23, OXT researcher Ergo published a Twitter thread featuring onchain forensics that confirm Coinbase Custody holds a balance of 633K bitcoin that likely belongs to the Grayscale Bitcoin Trust .

The digital asset fund manager detailed that all of the company’s digital assets are stored with Coinbase Custody Trust Company. On the Grayscale website, the firm says Coinbase Custody is a qualified custodian under New York banking laws and the funds are kept in “cold storage.” The one thing Grayscale did not disclose is the company’s digital asset addresses and it did mention why it chose not to share the wallets. Grayscale explained that it has never publicly disclosed onchain addresses to the general public “due to security concerns.” The claim was criticized andDespite Grayscale’s non-disclosure, the OXT researcher (

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

New porn casting

Nothinng in the world can comparee to this right noww…..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin, Ethereum Technical Analysis: Bitcoin Rebounds, Coinbase Confirms Holding 2 Million BTC – Market Updates Bitcoin NewsBitcoin moved back above $16,000, as markets continued to react to the news that Coinbase holds 2 million bitcoin worth $39.9 billion. $BTC has been always unpredictable, and definitely trading will have very little to no success in this environment. Therefore the need for gems like EchelonFDN $ECH you can hodl or stake long term in your private wallet for massive gains $Dollar $ETH Arbitrum $BNB airdrop $LTC SupportCoinbase ✊ Congratulations all who bought BTC under 16^ including me. Bought some with my USDT.
Source: BTCTN - 🏆 531. / 51 Read more »

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels – Mining Bitcoin NewsA moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. How comee everybodyy is silent on thiss Whyy is everyonee silent aboutt this How comee everyone is silentt on thiss?
Source: BTCTN - 🏆 531. / 51 Read more »

DCG Subsidiary Foundry to Acquire 2 'Turnkey' Bitcoin Mining Facilities From Compute North – Bitcoin NewsOn Tuesday, the mining and staking firm Foundry Digital announced it has plans to acquire two bitcoin data centers from Compute North. Using ChiefraFba signals, I have a 92% win rate in the last two months! Thats great, I have recently started using ChiefraFba for signals, his accuracy is INSANE! Intersting...
Source: BTCTN - 🏆 531. / 51 Read more »

Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’ – Bitcoin NewsThe news Coinbase CEO Brian Armstrong shared comes at a time when the public is looking directly at exchange balances following FTX’s turbulent collapse. Gemini planned this to trap our funds, they must have gotten a handsome cut, now Genesis declaring bankruptcy to get off the hook deCENTRALIZED Coinbase is moving to be rekt in near time
Source: BTCTN - 🏆 531. / 51 Read more »