New York City Comptroller Brad Lander has rejected Mayor Eric Adams’s proposal to issue a Bitcoin-backed “Bitbond,” citing financial risks and undermining investor confidence. What does this mean for the future of crypto in NYC?
Tag: Bitcoin Adoption
BlackRock’s IBIT ETF Sees Record Outflow: Is the Bitcoin ETF Hype Cooling Down?
BlackRock’s Bitcoin ETF (IBIT) ended its impressive 31-day inflow streak with a record-breaking outflow. This raises questions about the sustainability of the ETF-driven Bitcoin rally and its potential impact on the market.
US Government Urges Court to Reject Coinbase User’s Crypto Records Fight: What It Means for Your Privacy
The US government is pushing back against a Coinbase user’s attempt to shield his crypto transaction records from the IRS. Here’s a breakdown of the case and its implications for crypto privacy.
IMF Flags Concerns Over Pakistan’s Bitcoin Mining Initiative: Will It Derail Crypto Ambitions?
The IMF is questioning Pakistan’s allocation of 2,000 MW for Bitcoin mining amidst financial constraints. This analysis explores the potential impact on Pakistan’s crypto adoption and the broader market.
Crypto Kidnap & Ransom Insurance: Why Insurers are Rushing to Offer Protection
Growing concerns over violent attacks targeting cryptocurrency holders are pushing insurance companies to develop specialized kidnap and ransom (K&R) policies for the crypto community.