Category: News

According to a recent survey, half of Canadian institutional investors and financial services organizations have actively offered at least one type of cryptocurrency asset product or service to clients in the past year. The study revealed that half of the institutional investors surveyed were exposed to crypto through exchange-traded funds (ETFs), closed-end trusts, or other […] Source: https://news.bitcoin.com/study-half-of-canadian-institutional-investors-actively-offered-one-crypto-asset-product-in-2023/

Eddy Lazzarin, CTO of A16z Crypto, one of the largest cryptocurrency-focused venture capital funds, has criticized the meme coins’ effect on the broad appreciation of the cryptocurrency market. Lazzarin stated that meme coins undermined the “long-term vision of crypto” that has maintained some actors in the space, making it look “like a risky casino.” A16z […] Source: https://news.bitcoin.com/a16z-exec-blasts-meme-coins-they-make-crypto-look-like-a-risky-casino/

The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins experienced slight price drops following the announcement. This event has spurred discussions among crypto enthusiasts and investors, with some seeing bank failures as a compelling […] Source: https://news.bitcoin.com/republic-first-bank-fails-triggers-minor-crypto-market-downturn-amid-banking-sector-concerns/

A new law enabling the National Crime Agency and police to seize, freeze, and destroy crypto assets is now in effect in the UK. Under this law, police can seize crypto from suspects without needing to make an arrest first. Additionally, victims have the right to request the release of funds held in crypto accounts […] Source: https://news.bitcoin.com/new-uk-law-empowering-authorities-to-seize-and-destroy-crypto-assets-takes-effect-today/

According to Chainalysis’ “Crypto Spring Report,” stablecoin adoption and market importance are seeing a rapid increase in 2024, with a significant rise in the number of addresses holding them and their use in on-chain transactions, making them a global financial asset. Legislation efforts in the U.S., such as the Lummis-Gillibrand Payment Stablecoin Act, aim to […] Source: https://news.bitcoin.com/stablecoins-gain-ground-as-global-financial-asset/

The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for currency reserves to be liquid, sustainable, and easily tradable, given their use in international payments. Swiss National Bank on […] Source: https://news.bitcoin.com/swiss-national-bank-chief-raises-concerns-about-adding-bitcoin-to-currency-reserves/

PRESS RELEASE. Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong’s commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is […] Source: https://news.bitcoin.com/bitcoin-conference-to-bring-star-studded-lineup-of-speakers-to-hong-kong-on-dawn-of-historic-etfs/

The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of crypto users with their blockchain actions. The pilot, which has been ongoing since 2023, involves five banks in Russia and is expected to run until April, but can be extended. […] Source: https://news.bitcoin.com/bank-of-russia-and-rosfinmonitoring-reveal-fiat-to-crypto-tracking-system-pilot/