Tag: Cryptoslate
Blockchain
US lawmakers introduce bill to suspend crypto mixer transactions
US lawmakers have proposed a new bill that aims to temporarily prevent financial institutions from engaging in transactions involving funds that have been through crypto mixers Congressman Sean
Blockchain
Polkadot rolls out asynchronous backing to boost network efficiency and transaction speed
Polkadot has implemented asynchronous backing, a pivotal upgrade enhancing the network’s flexibility in blockspace allocation and overall performance The upgrade is one of the three
Blockchain
Bitcoin accumulation fails to keep pace with issuance
Quick Take Over the past 30 days, entities across all cohorts have accumulated just over 10,000 BTC This rate of accumulation has not kept up with the approximately 19,000 BTC issued during that same
Blockchain
Susquehanna has more Bitcoin exposure than just ETFs
Quick Take Susquehanna, a prominent trading firm, has disclosed a $13 billion investment in spot Bitcoin ETFs The firm’s portfolio is primarily dominated by the Grayscale Bitcoin Trust (GBTC),
Blockchain
Japanese exchange Coincheck set for Nasdaq listing through SPAC merger
Japanese exchange Coincheck is set to join Coinbase as one of the two publicly listed exchanges in the United States, according to a May 8 statement The crypto trading platform expects to complete
Blockchain
Tether partners with Swan to expand Bitcoin mining operations
Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service According to the press statement, the firm has dedicated an undisclosed
Blockchain
Bitcoin’s 280% surge from cycle lows mirrors previous bull cycles
Quick Take Since bottoming out around $15,500 in November 2022, Bitcoin’s performance has been on a consistently upward trajectory This growth culminated in new all-time highs in March 2024,
Blockchain
SEC calls Ripple’s proposed stablecoin an ‘unregistered crypto asset’
The US Securities and Exchange Commission (SEC) appears to be targeting Ripple’s proposed stablecoin in its latest court filing against the crypto company In its May 7 redacted remedies reply
Blockchain
Bitcoin ETFs in the US see $15.7 million in outflows
Quick Take US Bitcoin ETFs saw an outflow of $157 million on May 7, marking the first day of outflows since May 2 According to data from Farside, Grayscale’s GBTC was responsible for the
Blockchain
FTX’s bankruptcy plan offers over 100% recovery for creditors, faces mixed reactions
The bankrupt FTX estate has unveiled a new reorganization plan that promises substantial returns to its creditors FTX creditors with claims below $50,000 would be eligible for a 118% recovery within
Blockchain
NYSE Arca withdraws Grayscale’s futures ETH ETF 19-b4 filing
The US SEC reported a critical Grayscale withdrawal on May 7 that could have broad implications for spot Ethereum ETFs Specifically, NYSE Arca withdrew a 19-b4 filing containing a proposed rule
Blockchain
Susquehanna discloses $1.3 billion in spot Bitcoin ETF investments
Susquehanna International Group disclosed $13 billion of investments in spot Bitcoin ETFs in a May 7 13F filing The company reported holding 173 million shares of Grayscale’s GBTC across three
