Bitcoin payments hindered by tax policy, not scaling tech, says crypto executive
Pierre Rochard, a board member at Bitcoin treasury firm Strive, argues that tax policy, rather than technical scaling, is the primary hurdle for Bitcoin payments.
The absence of a de minimis tax exemption for small transactions creates a significant reporting burden for everyday users.
U.S. lawmakers are reportedly considering exemptions for stablecoins while excluding Bitcoin, a move facing pushback from the industry.
The primary challenge…
Grayscale Files S-1 With SEC to Launch Spot BNB ETF on Nasdaq
Grayscale Investments has taken a significant step in broadening access to altcoin assets by filing with the U.S. Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) tracking BNB, the native cryptocurrency of the BNB Chain ecosystem.
The registration statement (Form S-1) outlines the creation of the Grayscale BNB Trust, which would hold BNB directly and seek to mirror its market price, minus fees and expenses…
BlackRock Moves $603 Million in BTC and ETH to Coinbase Prime Amid ETF Redemptions
BlackRock transferred 3,970 BTC (approx. $356.7 million) and 82,813 ETH (approx. $247.1 million) to Coinbase Prime during early trading hours.
The movement coincides with significant net outflows from the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA).
Market analysts suggest the transfers are operational liquidity moves to facilitate ETF redemptions rather than a directional market bet.
Blockchain analytics p…