Despite Beijing’s 2021 ban on crypto trading, a thriving underground market reportedly continues to operate in China. The Wall Street Journal (WSJ) reported that investors circumvent the country’s stringent regulations through informal networks through VPNs, social media, and physical trading. China is one of the world’s most stringent regions for crypto trading. Authorities actively pursue The post China’s underground crypto market thrives despite harsh trading ban: WSJ appeared first on CryptoSlate.

Building on CryptoSlate’s recent analysis of the competing Bitcoin inflows and outflows between BlackRock and Grayscale, I extrapolated the data even further to see just how long BlackRock could sustain its current average Bitcoin accumulation. At a high level, BlackRock’s entry through Bitcoin ETFs is a substantial moment for Bitcoin’s reputation in the United States. The post If BlackRock continues 6k BTC daily buys we get a supply crunch within 18 months, here’s why appeared first on CryptoSlate.

In an interview at the recent VettaFi CryptoCurrency Symposium, Jay Jacobs, U.S. Head of Thematics and Active Equity ETFs at BlackRock, highlighted the journey to launching the iShares Bitcoin Trust ETF (IBIT) and BlackRock’s longer-term view on blockchain. Development of the iShares Bitcoin Trust, he explained, stemmed from client demand for incorporating diverse asset classes The post BlackRock eyes blockchain beyond Bitcoin through smart contract supply chains appeared first on CryptoSlate.

In an exclusive interview with Colin Butler, Global Head of Institutional Capital at Polygon Labs, Butler brings a unique and informed perspective to the table, discussing various pivotal aspects shaping the future of blockchain and cryptocurrency. This interview explores the impact of traditional financial instruments like ETFs on the crypto market, the significant strides made The post Zero-Knowledge infrastructure can secure ‘trillions’ in institutional money in 2024: Interview Polygon Labs appeared first on CryptoSlate.

One of the most common comparisons we’ve seen concerning the launch of spot Bitcoin ETFs in the United States is the one with the launch of the first gold ETF (GLD) in 2004. Interestingly, comparing the two asset classes’ premieres through their daily attestations reveals some illuminating data. For clarity and transparency, all data below The post New Bitcoin ETFs did in 3 days what Gold took 36 days to achieve with $1.8 billion in assets appeared first on CryptoSlate.