Bitcoin Hits A Milestone; Clocks One Billion Transactions 

Bitcoin (BTC) has achieved a significant milestone, recording over one billion transactions on its blockchain network. This remarkable feat underscores Bitcoin's enduring popularity and widespread adoption as a digital asset.

This also means an average of 178,475 daily transactions have been made on Bitcoin in its 5,603-day existence.

The milestone of one billion transactions reflects the growing use cases for Bitcoin across various sectors, including retail, finance, and remittances. 

BlackRock Launches BUIDL: World’s Largest Tokenized Treasury Fund

Global investment management firm BlackRock has launched BUIDL, the world’s largest tokenized treasury fund. This signals a significant milestone in the integration of traditional finance with the blockchain ecosystem. 

BUIDL aims to provide investors with exposure to a diversified portfolio of digital assets while adhering to regulatory standards and risk management practices.

By offering a tokenized treasury fund, BlackRock seeks to provide investors with a convenient and efficient way to gain exposure to digital assets. This fund also leverages the expertise and reputation of one of the world’s leading investment firms.

MicroStrategy Unveils Bitcoin-based Decentralised ID Solution

MicroStrategy, a prominent business intelligence firm known for its significant Bitcoin holdings, has announced plans to launch a Bitcoin-based decentralised identity (DID) solution.

The Bitcoin-based DID solution represents a pioneering effort to harness blockchain technology for identity management. This will offer users greater control over their personal data and privacy.

MicroStrategy aims to address the growing concerns surrounding data breaches and identity theft while providing users with a more secure and efficient alternative to traditional identity management systems.

Indian Enforcement Agency Teams Up with Binance to Combat Scam App

India’s Enforcement Directorate (ED) has collaborated with leading crypto exchange Binance to crack down on a scam app that defrauded investors by promising high returns on crypto investments. 

The joint effort to bust the scam app reflects a broader trend of regulatory scrutiny and enforcement actions aimed at cleaning up the crypto industry and fostering trust and confidence among investors. 

By working together to identify and prosecute fraudulent schemes, authorities and exchanges can help safeguard the integrity of the crypto market and promote responsible investing practices.

MoonPay Expands Crypto Options with PayPal Integration

MoonPay, a leading crypto payment gateway, has expanded its crypto options by integrating with PayPal, allowing users to purchase a wide range of digital assets using their PayPal accounts. 

The integration of PayPal with MoonPay’s platform offers users greater convenience and accessibility when it comes to buying crypto, eliminating the need for additional steps or third-party services. 

By simplifying the process of purchasing digital assets, MoonPay aims to lower barriers to entry and make crypto investing more accessible to a broader audience.

That’s all for this edition of our crypto newsletter. Stay tuned for more exciting news and updates from the world of blockchain and crypto!

Disclaimer: Crypto-asset or VDA investments are subject to market risks such as volatility and have no guaranteed returns. Please do your own research before investing and seek independent legal/financial advice if you are unsure about the investments.