Bitcoin developer Blockstream has secured a multibillion-dollar investment to launch three new institutional funds, including two that will enable lending Bitcoin. “Blockstream’s institutional-grade Bitcoin investment solutions will go live on April 1, with external capital acceptance opening on July 1,” the firm stated on X on March 4, confirming an earlier Bloomberg report. It added that the investment…
The US Senate has passed a resolution to repeal a Biden-era rule that would require decentralized finance (DeFi) protocols to report to the Internal Revenue Service (IRS). The Senate voted 70 to 27 on March 4 to approve a motion to repeal the rule that would expand existing IRS reporting requirements to include decentralized exchanges and require brokers to disclose gross proceeds from crypto…
The US Securities and Exchange Commission’s Crypto Task Force is set to host a roundtable later this month on the “security status” of digital assets. It comes the same day the agency announced the staffing lineup for the task force, which taps a former big law firm crypto lawyer along with longstanding SEC staff. The SEC…
Crypto security analyst and Paradigm adviser ZachXBT said the circulation of stablecoins from major issuers such as Circle, Tether and Paxos should be a key metric in assessing the legitimacy of blockchain networks. His comments followed US President Donald Trump’s announcement on March 2 that certain digital assets would be included in the country’s strategic crypto…
Opinion by: Irina Heaver, crypto lawyer Any crypto entrepreneur trying to navigate the United Arab Emirates’ crypto ecosystem inevitably encounters the myriad acronyms used in the country’s legal landscape. From the SCA and VARA to the DMCC, ADGM and DFSA, what do these mysterious combinations of letters stand for, and how does one navigate this…
The blockchain industry faces a crisis of its own making. While we celebrate theoretical transaction speeds and tout decentralization, our data infrastructure remains firmly rooted in 1970s technology. If a 20-second load time would doom a Web2 app, why are we settling for that in Web3? With 53% of users abandoning websites after just three…
Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin. The Ether price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark,…
Real-world asset (RWA) tokenization can completely overhaul the real estate investment sector, which is highly illiquid, filled with intermediaries, and high transaction costs, according to Polygon CEO Mark Boiron. In an interview with Cointelegraph, the CEO said that tokenization of properties could remove unnecessary intermediaries, thereby lowering transaction costs. The CEO added that fractional ownership…
The Ethereum Foundation has announced a new leadership structure consisting of two co-directors of the Foundation, Hsiao-Wei Wang — a core researcher at the Ethereum Foundation, and Tomasz Stańczak, the CEO of Nethermind — one of the largest execution clients on Ethereum. According to the March 1 announcement, Wang has seven years of experience as…
Swiss National Bank (SNB) President Martin Schlegel reportedly doesn’t want to make Bitcoin a reserve asset in Switzerland — citing a lack of stability, liquidity concerns and security risks. Schlegel’s position opposes a proposal from Swiss Bitcoin nonprofit think tank 2B4CH and other Bitcoin advocates to constitutionally mandate SNB to hold Bitcoin on its balance sheet….