Galaxy's asset management arm partially attributed the milestone to its spot Bitcoin ETF with Invesco, though inflows have been low.
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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Grayscale’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.
3013Some 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.
3168The 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.
2338The SEC initially conceded it misled the court but argued a sanction wasn’t appropriate.
5573Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.
4941The total assets managed by crypto exchange traded notes have eclipsed $100 billion.
6153Since 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.”
4439The wallet received a $30 million controlling-stake investment by crypto exchange Bitget in March 2023 and rebranded shortly after.
5853“In the past few weeks, there has been no shortage of records, all-time-highs, and crypto industry firsts,” Binance wrote.
1444In addition to the existing Coti tokenholders, the eligibility for airdrop rewards has been automatically extended to all treasury participants.
4480The cost of building a home mining rig is significant, but there are ways that would-be crypto miners can economize their build.
3235The International Monetary Fund also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.
4667David Brend and Gustavo Rodriguez were convicted of wire fraud conspiracy for helping promote and run the now-collpased fake crypto mining and trading scheme.
9639Mehen Finance planned to launch USDM in early 2023 but saw delays after crypto-friendly banks shuttered in 2023 and its banking partner went to work with Circle.
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