Tag: Bitcoin

USDT is now live on Bitcoin’s base layer and Lightning Network, marking a major milestone for stablecoin integration within the Bitcoin ecosystem. Tether announced this development on January 30 at the Plan B conference in El Salvador, where CEO Paolo Ardoino framed the initiative as a leap toward real-world financial ...

Bitcoin’s future may be breaking away from its traditional cycle, with analysts suggesting that the steep corrections of previous years could be a thing of the past. In a January 31 post on X, analysts from Singapore-based blockchain firm Matrixport argued that Wall Street’s increasing involvement could extend Bitcoin’s bull ...

Bitwise Asset Management has secured initial approval from the U.S. Securities and Exchange Commission (SEC) for its Bitcoin and Ethereum exchange-traded product (ETP). On January 30, the SEC granted "accelerated approval" for Bitwise's 19b-4 filing, marking a key regulatory milestone. The final hurdle before trading begins is the SEC's decision ...

Christine Lagarde, President of the European Central Bank (ECB), has stated that Bitcoin will not be included in the official reserves of central banks within the European Union (EU). According to Bloomberg, Lagarde stated this in response to recent comments from Aleš Michl, Governor of the Czech National Bank (CNB), ...

According to Reuters reports, El Salvador's Congress has swiftly approved reforms after President Nayib Bukele submitted them, aligning the country's Bitcoin policies with the conditions of its $1.4 billion loan agreement with the IMF. El Salvador, which had previously been excluded from traditional financial markets due to its high debt ...

Illinois has joined the growing number of U.S. states exploring the potential of cryptocurrency reserves as part of their financial strategies. State Representative John Cabello has introduced House Bill 1844 (HB1844), which seeks to create a Strategic Bitcoin Reserve Fund within the state treasury.  If approved, the Illinois State Treasurer ...

Utah's House Economic Development Committee has passed HB 230, a bill that permits the state to invest in cryptocurrencies. The measure was approved with an 8-1 vote on January 28 and will now be sent to the full House for consideration. If it gains approval from the House and the ...

Nuvve plans to invest up to 30% of its surplus cash into Bitcoin, as announced in a January 28 press release. This investment aims to diversify its treasury holdings and is part of the company's strategy to integrate Bitcoin as a payment option. The allocation is based on estimated six-month ...

The Czech National Bank (CNB) may become the first central bank in Europe to invest in Bitcoin to diversify the country's foreign exchange reserves. CNB Governor Aleš Michl is set to present the proposal for acquiring Bitcoin during the bank's board meeting on January 30, according to the Financial Times.If ...

CoinShares reported on January 27 that nearly $2 billion flowed into crypto investment products last week, bringing the total year-to-date inflows to $4.8 billion. Bitcoin remained dominant, capturing $1.6 billion, 92% of total crypto investment inflows last week. So far this year, Bitcoin has drawn $4.4 billion in investments. Meanwhile, ...