All filler, no pillar: Why blockchain cities fail

All filler, no pillar: Why blockchain cities fail

Regulations, hype cycles and pie-in-the-sky promises have scuppered blockchain city projects across the globe… but one has succeeded. The blockchain industry has long strived to build its “city on a hill” — idealistic communities where blockchain provides a foundation and code is law. But they’ve not always panned out, as regulations, unrealistic expectations and other…

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DIY retirement savers in Australia trim crypto nest eggs by 4%

DIY retirement savers in Australia trim crypto nest eggs by 4%

Australia’s tax office reports self-managed retirement funds have 4% less crypto than last year, but one crypto executive says the number is likely “undercooked.” Crypto holdings reported in Australian Self-Managed Super Funds have dropped by approximately 4% year-on-year despite a crypto market rally, according to the Australian Taxation Office. The data, which has been adjusted…

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Bitcoin ETPs now hold 7% of Bitcoin's maximum supply

Bitcoin ETPs now hold 7% of Bitcoin's maximum supply

Bitcoin funds now hold more than 7% of the cryptocurrency’s total 21 million coin supply, with BlackRock’s US-based ETF the largest holder. Bitcoin exchange-traded products (ETPs) now hold more than 1.47 million Bitcoin, amounting to 7% of the cryptocurrency’s maximum 21 million coin supply. US-based exchange-traded funds for Bitcoin (BTC) have scooped up the largest…

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