Senator Cynthia Lummis recently introduced groundbreaking legislation at the Bitcoin2024 conference, aiming to establish a Bitcoin strategic reserve for the US. This reserve would total at least 1 million BTC, representing 5% of the total global supply. The announcement, made following former President Donald J. Trump’s keynote speech at the conference, has sparked significant interest
investment
Marathon Digital, formerly known as MARA, has recently made waves in the cryptocurrency world by announcing a huge investment of $100 million in Bitcoin. This investment showcases the mining giant’s confidence in the long-term potential of the pioneering cryptocurrency. Despite previous price drops in BTC, Marathon Digital has taken advantage of the market conditions to
Scott Matherson is a widely known figure in the crypto industry, recognized for his insightful writing and ability to simplify complex topics for readers from all walks of life. With a background in industries such as banking and investment, Scott brings a unique perspective to the world of cryptocurrency. His dedication to clarity and accuracy
Recently, a US court granted Binance US permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. The exchange requested court approval to invest around $40 million in $10 million increments over four weeks. This move will allow Binance US to utilize a trading account on TreasuryDirect
A recent proposal by South Korean lawmakers suggests delaying the implementation of crypto gain tax until 2028. The ruling political party put forward this bill on July 12, pointing to the prevailing negative sentiments surrounding the crypto industry as the primary rationale behind the extension. The lawmakers emphasized that the current investment sentiment towards virtual
The recent Bitcoin price movement has seen the cryptocurrency crash back toward the $56,000 level after a brief pump triggered by the release of CPI data. While the inflation rates came out lower than expected at 3%, the bearish trend has continued despite desperate attempts from bulls to keep the price up. A crypto analyst
The XRP price has shown remarkable performance compared to its peers in the top ten cryptocurrencies by market capitalization. Over the past week, XRP has experienced a surge of 13.5%, bouncing back from a recent decline from its yearly high of $0.745 in March. This surge can be attributed to various factors that have contributed
Cryptocurrency analyst DonAlt has made a bold prediction that Bitcoin will skyrocket to $100,000 in the coming years. With the increasing inflows into Spot Bitcoin ETFs and bullish forecasts from market experts, the $100,000 price target for Bitcoin seems more and more attainable. However, DonAlt remains skeptical about the potential for altcoins to experience a
Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major
The Chief Compliance Officer of Bitwise, Katherine Dowling, recently expressed optimism regarding the approval of spot Ethereum ETFs. According to Dowling, discussions with the SEC have been promising, with the regulatory body showing a welcoming attitude towards such products. She highlighted that the SEC and ETF issuers have been making progress by addressing fewer issues