Dennis Porter, CEO and founder of the Satoshi Act Fund, believes that Utah will be the first state in the U.S. to pass legislation for establishing a strategic Bitcoin reserve. His comments expand on insights from an interview with Simply Bitcoin and Republican Senator Cynthia Lummis. Porter revealed that 11 ...
The Bitcoin Kimchi Premium has surged to an impressive three-year high of 11.9%, reflecting the price gap between Bitcoin in South Korea and global markets. This sharp rise suggests a robust domestic demand for cryptocurrency, even as global prices experience a downturn. CryptoQuant CEO Ki Young Ju highlights that the ...
Cryptocurrency prices declined significantly on Monday, with Bitcoin reaching a three-week low at $94,476.18 and briefly dropping to $91,441.89. Ether also experienced a sharp 24% decline, falling to $2,494.33, marking its lowest since early September. The decline in the market follows the recent imposition of tariffs by U.S. President Donald ...
Crypto exchange-traded products (ETPs) reportedly saw $527 million in inflows last week, marking their fourth consecutive week of growth. However, market sentiment remains volatile due to broader economic uncertainties and changing investor attitudes. James Butterfill, CoinShares’ head of research, highlighted the impact of DeepSeek on major U.S. tech firms like ...
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 ...
