Hi all, thought we’d try something different in today’s edition of Blockchain Bites. Yesterday and today saw a flurry of news that seemed disparate and unconnected but may actually tell a bigger story about changing institutional attitudes to bitcoin and crypto, generally.
PayPal and BlackRock executives both said that digital assets could have a much larger role in the global financial system. Meanwhile, NYDIG continues to build out crypto-focused investment funds targeting high-net worth individuals.
True to crypto’s roots, adoption won’t only be spearheaded by the billionaire class. Recently, a crowdfunding initiative for a simple crypto app became the most subscribed raise on a U.K. funding platform. Plus, there are now more “active entities” on Bitcoin than ever.
Despite positive news for the spate of adoption, there are still risks in a growing, and relatively young, industry. MicroSoft found cryptojacking to be a credible risk for nation-states, and at least some…