An unknown entity sold over 400 BTC in a short period of time on the BitMEX BTC/USDT spot market; BitMEX began investigating the situation internally.
Business News
When we talk about the role of Bitcoin (BTC) or blockchain in business, we are talking about either business ventures building blockchain/cryptocurrency systems, products or infrastructure; or the integration and adoption of cryptocurrency in existing enterprises as a supported payment method.
Bitcoin and cryptocurrency businesses face incredible challenges on two fronts: regulation and adoption.
Over the years, many high-profile crypto businesses such as some of the leading exchanges have had to move operations across the country or to other countries entirely to avoid severely inhibiting regulatory constraints in certain jurisdictions.
At the same time, mainstream adoption by individuals and established businesses is a very steep uphill battle for entrepreneurs as they attempt to make crypto more accessible and compelling to enterprises and laypeople alike.
Stay tuned as we chronicle blockchain and cryptocurrency’s shifting role in the world of business.
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Japan’s Government Pension Investment Fund, the largest pension fund in the world, is willing to learn more about Bitcoin as a potential diversification tool.
10232Galaxy’s asset management arm partially attributed the milestone to its spot Bitcoin ETF with Invesco, though inflows have been low.
1133Grayscale’s GBTC has just notched its largest day of outflows since its launch, though ETF analysts are optimistic that BTC ETFs are only just starting to gain momentum.
9077Some industry pundits say USDM has superior properties to USDT and USDC in that it can’t be frozen — but problems could arise if regulators demand action.
8858The price of LDO jumped briefly after an updated spot Ether ETF application from Fidelity which proposed to stake “a portion” of the fund’s ETH to generate additional income.
3212The SEC initially conceded it misled the court but argued a sanction wasn’t appropriate.
6817Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.
5924The total assets managed by crypto exchange traded notes have eclipsed $100 billion.
8033Since his guilty plea in November 2023, Changpeng Zhao has largely stayed off social media but broke this pattern to announce a project with “no new tokens.”
5314The wallet received a $30 million controlling-stake investment by crypto exchange Bitget in March 2023 and rebranded shortly after.
7128“In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts,” Binance wrote.
1675In addition to the existing Coti tokenholders, the eligibility for airdrop rewards has been automatically extended to all treasury participants.
5080The cost of building a home mining rig is significant, but there are ways that would-be crypto miners can economize their build.
3471The International Monetary Fund also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.
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