Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! Happy (merry?) Christmas in July to all who celebrate. I know I’m in the minority for celebrating here, but I’m pushing for it nonetheless, because who would turn their nose up at
Author: letsdoh
CB Payments Limited (CBPL), a subsidiary business under the Coinbase Group, has been fined $4.5 million by the UK’s Financial Conduct Authority for inadequate anti-money laundering controls. CBPL is a regulated electronic money institution (EMI) that serves as a gateway for UK customers to trade crypto assets between entities in Coinbase Group. In late 2020
The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop. While it’s not likely to be a gigantic sum, the decision is another symbolic win for cryptocurrency on the road toward wider adoption. The move follows a
By 2050, bitcoin may settle 10% of international trade and 5% of local trade gain with central banks’ holding it as a reserve asset, asset manager VanEck said in a report. Bitcoin layer-2 networks will play a key role to overcome scaling issues and allow BTC to be used as a medium of exchange, the
Spot ether exchange-traded funds successfully debuted in the U.S. on Tuesday, but regulators didn’t let the ETFs generate income for investors by staking their ETH. The absence represents a disadvantage over directly holding the cryptocurrency, but issuers are hopeful regulators will eventually allow staking. Eight newly approved spot ether (ETH) exchange-traded funds got off to
Last year, a social experiment called $GREED aimed to teach crypto enthusiasts a lesson, tricking them into tweeting an embarrassing message. The project is back. This time, there’s real money involved – a lot of it. 02:02 Marathon Digital Buys $100M BTC; India’s Special Task Force for Crypto-Related Drug Trafficking 00:53 Ether Slides as Grayscale’s
Bernstein said bitcoin miners have upside from the power portfolios they control. Miners that focus on an active power strategy and efficiency are more likely to see a valuation rerating, the report said. Large miners remain focused on bitcoin production and Riot Platforms, CleanSpark and Iris Energy are best positioned to grow market share, the
BlackRock’s head of digital assets, Robert Mitchnick, said Bitcoin ETFs currently draw more investor demand than Ethereum funds. The Bitcoin 2024 conference in Nashville, which is expected to attract 20,000 crypto enthusiasts, comes as exchange-traded funds now offer exposure to the largest cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). Spot ETH ETFs are the new market
Blockchain analytics firm Arkham Intelligence has launched a new feature that enables users to connect their Coinbase Wallets directly to its platform. The integration enables users to track their crypto holdings and transactions seamlessly on Arkham. Arkham’s platform specializes in de-anonymizing blockchain transactions and linking them to real-world entities and individuals. It is known for
Developers are one step closer to activating restaking on Solana with the Jito Foundation’s latest code release. On July 25, the Jito protocol published its first code base for unlocking staking and restaking platforms on Solana (SOL). Although the code hasn’t been edited, it could potentially enable any Solana-native protocol to secure decentralized apps with