Weekly Crypto Roundup: Leadership changes at Grayscale, Fall in Crypto Hacks, More

By: Eliza Bennet

• Grayscale leadership revamp amid Bitcoin ETF decision: Barry Silbert steps down as Chairman to be replaced by Mark Shifke, CFO of Digital Currency Group, signaling pivotal shift in the crypto industry.
• Crypto hacks and exploits halved in 2023: Compared to 2022, losses among cryptocurrency users due to hacks, scams, and exploits have fallen by 50%, amounting to an estimated $2 billion.
• Japan abolishes tax on unrealized crypto gains: With effect from April 2024, corporations in Japan holding and managing crypto assets will not be taxed on unrealized gains.
• Bitcoin miner revenue shifts: Miner's income composition changes with inscriptions becoming a significant source of earnings alongside traditional block rewards.
• Solana sees humongous user activity: The Solana network records a significant increase in the number of new addresses leading to a surge in its trading volume, surpassing that of Bitcoin and Ethereum.