Bitcoin weakness spurs $441M digital asset inflows

The world’s second largest stock exchange Nasdaq and U.S. investment firm VanEck have announced a partnership to jointly launch a set of “transparent, regulated and surveilled” digital assets products. VanEck’s director of digital asset strategy Gabor Gurbacs tweeted the news Nov. 27.Gurbacs revealed the partnership at the Consensus:Invest crypto conference in New York City. The…

Tether has been one of the most controversial topics in the cryptocurrency community over the last two years — and things have come to a head over the past few weeks.The wider crypto community has been skeptical of the stablecoin and its claims that it was operating legitimately, due to concerns around its reserve policy.Stablecoins…

This week’s Crypto Biz explores Pavel Durov’s arrest and consequences for Telegram, Nvidia’s earnings results, OpenSea’s Wells notice, Rhodium’s bankruptcy, BlackRock’s new crypto ETF and SxT Labs’ fundraising.

Alex Labs has revealed a recovery roadmap and enhanced security measures post-exploit aimed at rebuilding community trust and resuming operations.

Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency's spot prices has turned into a hotly debated topic among the analysts in the space.Grayscale's premium remains negative for months The argument concerns Grayscale Bitcoin Trust, the world's largest digital assets manager that allows institutional investors to…

2023 is off to a great start, with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, venture capital…

The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country. 515 Total views 7 Total shares It’s full steam ahead for El Salvador’s Bitcoinization. The next point on the orange agenda is in providing low-interest loans backed by Bitcoin (BTC) to small and micro-businesses.While the details…

Senators putting forth differing amendments for provisions in the infrastructure deal which apply to crypto have reached a compromise after a legislative setback. In a press conference today, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684 backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten Sinema,…