The Block
Quick Take Swan Bitcoin, a BTC-focused investment platform, launched a mining arm last summer, which has already mined over 750 BTC.
An analyst has identified several underlying market movements that could be behind a decline in bitcoin futures open interest on the Chicago Mercantile Exchange.
JPMorgan analysts expect limited further downside for bitcoin as profit-taking in GBTC has largely concluded.Despite the optimistic outlook, the analysts warn that GBTC could experience ongoing outflows unless it reduces fees in the near future.
Quick Take Smart contract infrastructure startup Axiom raised $20 million in a Series A round led by Paradigm and Standard Crypto. Axiom builds tools that give smart contract developers better access to authenticated on-chain data.
Quick Take Tools for Humanity’s Orb, which scans people’s eyeballs in order to verify they are humans as part of the Worldcoin project, will be upgraded to make the device look more like “an Apple product,” according to the company’s CEO.
Quick Take The Bank of England (BoE) and UK Treasury published their response to a consultation paper on a digital pound. They remain undecided about the necessity of a central bank digital currency (CBDC) in the UK.
Quick Take Goldman Sachs-backed Elwood has received FCA approval in the UK.
Quick Take A former security officer had allegedly weakened firewall settings weeks prior to exiting the company. Ozys is also exploring the possibility of North Korea’s Lazarus Group being behind the attack.
Quick Take The Elon Musk-led company did not mention bitcoin activities in its Q4 report, suggesting that the firm retained its bitcoin holdings.
Quick Take Several major South Korean corporations, including Hyundai and Netmarble, have recently terminated their web3 divisions.
