Last week, BlackRock's IBIT records its first outflows, contrasting with Grayscale's GBTC, which sees its first daily net inflows since conversion. Additionally, Binance founder Changpeng Zhao faces a four-month prison, sentence for violating U.S. money laundering laws. Block's commitment to investing 10% of gross profits into monthly bitcoin purchases, while MicroStrategy unveils "MicroStrategy Orange," a decentralized identity solution on the Bitcoin network. Regulatory actions feature an FBI warning against unregistered crypto money-transmitting services, while South Korea establishes a permanent crypto investigative unit. For more details, continue reading below.
Highlights of the Week #43
Highlights of the Week #43
Highlights of the Week #43
Last week, BlackRock's IBIT records its first outflows, contrasting with Grayscale's GBTC, which sees its first daily net inflows since conversion. Additionally, Binance founder Changpeng Zhao faces a four-month prison, sentence for violating U.S. money laundering laws. Block's commitment to investing 10% of gross profits into monthly bitcoin purchases, while MicroStrategy unveils "MicroStrategy Orange," a decentralized identity solution on the Bitcoin network. Regulatory actions feature an FBI warning against unregistered crypto money-transmitting services, while South Korea establishes a permanent crypto investigative unit. For more details, continue reading below.