Research firm 10x Research has sharply criticized BlackRock's new exchange-traded fund — the iShares Bitcoin Premium Income ETF (BITA). In the analysts' view, the fund is poorly designed: in almost any scenario investors will either lose to simply holding bitcoin (BTC) or receive a weak absolute return. BITA launched on the Nasdaq exchange and uses a strategy…

The world's largest crypto exchange Binance risks losing the right to provide services to clients from the European Union starting July 1. Sources at Reuters learned that the company's application for a license, filed under the EU's MiCA rules (Markets in Crypto‑Assets Regulation), will be rejected. Under the EU crypto market regulation rules that have entered into force, crypto companies…

American gambling associations have called on the US Senate to ban prediction markets related to sports and gambling as part of a new crypto regulation bill. In the view of the organizations AGA, IGA and AGEM, such platforms illegally expand the gambling market without the approval of voters and state authorities. The authors of the appeal stated that the platforms…

StarkWare co-founder and CEO Eli Ben-Sasson has called the current stage the worst for the crypto industry in all his time in the field. According to him, he has not seen so many teams shutting down, leaving and cutting costs since 2013. That is exactly what gives him more hope than ever before. Ben-Sasson admitted that the difficulties have affected even…

Microsoft has reported improved materials in its topological qubit system. In the new device the company replaced aluminum with lead in the superconducting layer and changed the semiconductor structure, which increased the lifetime of the parity state from less than 10 ms to more than 20 seconds, Ars Technica writes. Separately, Atom Computing announced progress in…