Inactive Addresses Bitcoin Supply Hit All-Time High
On-chain data indicates that Bitcoin holders are amassing BTC, as the proportion of inactive BTC supply reaches all-time highs across one-, three- and five-year time domains. According to the Bitcoin supply, the last active chart on Glassnode, inactive BTC that has not moved from an address for more than one, three, and five years, has […]
Grayscale Abandons post-Merge PoW Ethereum Tokens
Grayscale, a prominent cryptocurrency investment firm, has relinquished all rights to the post-Merge proof-of-work (PoW) Ethereum tokens (ETHPoW) only one year after the Ethereum Merge. Grayscale stated on September 18 that it had “irrevocably abandoned” all rights to ETHPoW tokens on behalf of the record date shareholders of each product. Grayscale determined after a comprehensive […]
Stanford University to Return Crypto Donations From FTX
According to a Bloomberg report, the Californian university Stanford University intends to return all funds it received from the now-defunct cryptocurrency exchange FTX running into millions. Between November 2021 and May 2022, Stanford received $5,500,000 in donations from FTX-affiliated entities. September 19 email statement from a university spokesperson: “We have been in discussions with attorneys […]
Nomura Bank Launches Bitcoin Adoption Fund
Japan’s largest investment bank, Nomura, through its subsidiary Laser Digital Asset Management, has launched a Bitcoin Adoption Fund that will offer Bitcoin exposure to institutional investors. According to the official announcement, the Bitcoin-based fund will be the first in a series of digital adoption investment solutions the company intends to launch. Nomura, a Japanese financial […]
BaFin Calls for Global Regulation to Crypto, all Finance Centers
BaFin, the German crypto regulator, has stressed the risks associated with cryptocurrency and calls for global regulation to apply to all financial centers without exceptions. In a Sept. 18 blog post, Rupert Schaefer, Executive Director of Strategy, Policy, and Control at BaFin, emphasized the significance of unified global crypto industry regulation. Schaefer compared regulators to […]