Crypto News
Bitcoin Community Split Over Key Proposal To Add Data
A proposal to ditch data storage limits sparked heated debate among Bitcoin devs, with some arguing it could alter Bitcoin's core purpose.Source link
UK Treasury Unveils Draft Cryptoasset Regulations, Seeks Feedback by May 2025
On April 29, 2025, the UK Treasury announced the release of a draft Statutory Instrument (SI) and a Policy Note detailing the UK’s upcoming financial services regulatory framework for cryptoassets, including stablecoins. Following proposals outlined in October 2023 and reaffirmed in November 2024, the draft SI establishes new regulated activities, such as operating cryptoasset tradingSource link
Bitcoin May Evolve Into Low-Beta Equity Play, BlackRock’s Mitchnik Says
Bitcoin (BTC), the world's largest digital asset by market value, recently held steady as President Donald Trump's trade war spurred a shift away from U.S. assets.The so-called decoupling reinforced the belief of crypto advocates that BTC is as a safe haven and a low-beta play relative to equities.BlackRock's Head of Digital Assets, Robert Mitchinik, believes the cryptocurrency could actually evolve into a permanent low-beta play reflexively."It makes no fundamental sense, and yet when it's repeated enough, it can actually become a little self-fulfilling, right?" Mitchnik said during a panel discussion at the Dubai Token2049 conference on Wednesday. "It is something that can happen reflexively because enough pundits and research outlets and other commentators have said that it would."Investors aggressively dumped...
Bunq Launches Crypto Investing in Banking App, Expanding Services Across Europe and Beyond
On April 29, 2025, Bunq, the second largest neobank in Europe, announced the launch of Bunq Crypto, enabling users to invest in cryptocurrencies directly through its secure banking app. Initially available in the Netherlands, France, Spain, Ireland, Italy, and Belgium, the service will gradually expand to the entire European Economic Area, as well as theSource link
SEC Filing Shows BlackRock Preparing $150 Billion Tokenized Treasury Trust Offering
BlackRock is preparing to bring blockchain to the back office of one of its largest funds, filing to offer a digital share class of its $150 billion Treasury Trust money market fund through BNY Mellon.The new “DLT Shares,” short for distributed ledger technology, won’t hold crypto. But BNY Mellon, the fund’s exclusive distributor, intends to use blockchain to mirror share ownership records, an incremental step that could pave the way for broader adoption of tokenized cash, digital assets, or blockchain-based settlement infrastructure in traditional finance.BlackRock's Liquidity Treasury Trust Fund is part of the firm’s BlackRock Liquidity Funds suite and manages over $150 billion in assets as of April 29. The DLT share class has a minimum investment requirement of $3...