Category: crypto

BlackRock’s iShares Bitcoin Trust ETF (IBIT) has become the fastest-growing ETF in history, surpassing $30 billion in assets in just 293 days. The success of IBIT reflects a surge in institutional demand for Bitcoin, with other leading funds also experiencing strong interest, according to Bloomberg data and industry experts.

Celestia’s native token, TIA, is undergoing a significant unlock event adding 175 million tokens to circulation, doubling the supply. This rewards early contributors and investors. Token locking is common in crypto to stabilize prices. While potential sell pressure is estimated at $900 million, actual impact may be lower due to strategic hedging.

Russia is imposing restrictions on crypto mining in regions with energy shortages. Deputy Minister of Energy Yevgeny Grabchak announced the impending ban, affecting areas like the Far East and Siberia. Power shortages may last until 2030. Recent enforcement actions have targeted illegal miners. Putin signed a law regulating digital assets to control mining activities.

Florida CFO Jimmy Patronis has proposed adding Bitcoin to the state pension funds to diversify the portfolio and protect against volatility. He highlighted Bitcoin’s decentralized nature and urged the State Board of Administration to consider the move. Other states like Wisconsin and Michigan have already invested in crypto for their pension funds.

Nate Whitehill, CEO and co-founder of CryptoSlate, announces Liam “Akiba” Wright as the new Editor in Chief. Liam’s investigative reporting and clarity on complex issues have set new standards at CryptoSlate. The platform aims to provide high-impact news bridging crypto, finance, and technology, with a focus on inclusivity and clarity.

Visa partners with Coinbase to offer instant deposit services for customers using eligible debit cards, aiming to empower crypto users in the US and EU to fund their accounts on the spot. This partnership complements Coinbase’s existing Visa debit card, allowing users to spend Bitcoin and other cryptocurrencies for everyday purchases. Visa’s growing involvement in…

: Paxos CEO and co-founder Charles Cascarilla wrote an open letter to Vice President Kamala Harris and former President Donald Trump, urging them to support digital assets and modernize financial regulations to maintain America’s financial leadership. He highlighted the potential of blockchain and stablecoins to create a more inclusive financial system and emphasized the importance…

Consensys is reducing its workforce by 20% to streamline operations and reinforce its leadership in the web3 space. The restructuring plan aims to strengthen long-term sustainability and commitment to decentralization amid challenging economic conditions and regulatory pressures. Despite these challenges, Consensys sees the web3 ecosystem on the verge of mainstream adoption.

Bhutan’s government transferred $66 million in Bitcoin to Binance, sparking debate in the crypto community. Despite recent sales, Bhutan holds 12,456 BTC worth $886 million, making it the fifth-largest national Bitcoin holder. Bhutan’s BTC reserves were built through mining, diversifying its economy after the pandemic impacted tourism revenue.

Bitwise CIO Matt Hougan predicts Bitcoin’s price could reach $200,000 without a collapse of the US dollar. He believes Bitcoin’s value is driven by its role as a digital store of value and inflationary pressures on fiat currencies. Hougan sees potential for Bitcoin to grow significantly and become a key player in the global financial…