Tag: Cryptoslate
Blockchain
Even crypto friendly UK banks freeze accounts in fear of crypto transactions
There has been an increase in bank accounts belonging to crypto professionals being frozen or restricted across the UK, US, and EU over the past few months They say you often don’t care about
Blockchain
Grayscale drops Cardano and Cosmos from its crypto funds in quarterly rebalancing
Prominent crypto asset management firm Grayscale has removed two high-profile digital assets, Cardano and Cosmos, from its multi-asset funds as part of its quarterly fund rebalancing In an April 4
Blockchain
MicroStrategy thrives on Bitcoin strategy while Tesla left over $1 billion on table as stock slips
Quick Take As the digital assets market continues to evolve, two prominent US-based companies have taken vastly different approaches to their Bitcoin investments, with starkly diverging outcomes
Blockchain
Experts worry Ethena’s Bitcoin-backing strategy for USDe could bring ‘contagion risks’
CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar On April 4, Ethena Labs revealed plans to
Blockchain
BlackRock adds 5 new APs to spot Bitcoin ETF including Goldman Sachs, Citadel, Citigroup
BlackRock, the world’s largest asset manager, has today updated the list of Authorized Participants (APs) for its spot Bitcoin exchange-traded fund (ETF), IBIT The ETF, which has been live
Blockchain
Gold outperforms S&P 500 YTD as economic uncertainty looms
Quick Take Notably, in 2024 thus far, gold has outpaced the broader equity market, rising approximately 11% compared to the S&P 500’s 9% gain Over the past 70-80 years, the relative
Blockchain
Solana scrambles to tackle failed transaction surge and user complaints
Solana is working “around the clock” to fix its current issues, which include the proliferation of failed transactions on the network In an April 4 tweet on X, Raj Gokal, the
Blockchain
Grayscale GBTC ETF records third consecutive double-digit low outflow
Quick Take Farside data reports that Bitcoin (BTC) exchange-traded funds (ETFs) continued to see strong inflows, with a collective net inflow of $1068 million on April 4 This marks the third
Blockchain
Crypto VC investments increased 38% in first quarter breaking 2 year trend
Crypto venture capital (VC) investments increased in the first quarter of 2024, according to a survey published by Crypto Koryo on April 4 The analyst measured growth across two distinct metrics VCs
Blockchain
ChatGPT enterprise users grow 4x to 600k in less than a year
OpenAI is experiencing higher-than-ever demand for its ChatGPT product among enterprise users OpenAI Chief Operating Officer Brad Lightcap told Bloomberg on April 4 that the company has registered
Blockchain
Bitcoin maintains gains despite bloodbath across crypto, equities after Minneapolis Fed comments
Bitcoin (BTC) surged 5% on April 4, briefly topping $69,400, despite a wider market rout in US equities, showcasing its growing status as a safe haven asset As of press time, the flagship crypto was
Blockchain
Bitcoin mining market cap eclipses $20 billion as industry continues growing amid challenges
Quick Take The Bitcoin mining industry has reached a significant milestone, surpassing a market capitalization of $20 billion, now standing at $206 billion, according to Farside data This milestone