The U.S. government, already one of the largest Bitcoin holders globally with over 200,000 coins, may soon significantly increase its holdings. A new bill introduced by Senator Cynthia Lummis (R-Wyo.) proposes creating a strategic Bitcoin reserve to reinforce the dollar's status as the world's reserve currency. US Govt Bitcoin Holdings. ...
A coalition of cryptocurrency advocates is urging the US administration to implement a comprehensive regulatory framework for digital assets, citing benefits for economic stability and national security. According to a post by Chen Arad, the Crypto Market Integrity Coalition (CMIC) sent a letter to President Joe Biden and Vice President ...
The newly launched spot Ether exchange-traded funds (ETFs) in the United States have shown a promising start, recording positive net flows on their first trading day despite significant outflows from Grayscale's Ethereum Trust. According to data from SoSoValue released on Wednesday, Jul 24, 2024, the US ETH ETFs saw net ...
On Wednesday, July 3, 2024, the 11 US-based spot Bitcoin exchange-traded funds (ETFs) experienced a modest daily net outflow of $20.5 million, according to data from Farside Investors. This development comes amid a notable decrease in overall trading volume. The day's trading activity was characterized by minimal movement across most ...
Bitcoin mining company Bitfarms has announced its plan to build a 120-megawatt mining infrastructure in the United States. The Bitcoin mining giant shared this development in a press release today, June 13, 2024. According to the release, the site where the infrastructure would be built, Sharon, Pennsylvania, is located in ...
In 2022 and 2023, FTX dominated crypto regulation headlines, this year the cannons of government-enforced regulation, undeterred in their mission to seek and destroy, are focused on another "big bird" and are hell-bent on clipping its wings. Binance, for several months now, has faced a series of challenges with regulators ...
The United States Treasury Department has requested more enforcement authority against international digital asset service providers in its efforts to ensure national security, according to a recent report by Bloomberg. The Treasury's deputy secretary, Adewale O. Adeyemo, reportedly wrote in his testimony as he prepared to appear before the U.S. ...
A crypto community stakeholder, Steven Lukba, has said the US government's planned sale of almost $130 million worth of Bitcoin is nothing compared to the outflows from Grayscale Bitcoin Trust Shares ($GBTC) ETF. A forfeiture notice, issued on January 10, outlined the government's intention to sell the 2,934 bitcoin seized ...
In anticipation of the upcoming 2024 elections in the United States, Artificial Intelligence giant OpenAI has pledged to prevent AI misuse while offering transparency and improving voter access to correct voting information. In a recent blog post, OpenAI noted that it will be more dedicated to election work, combining the ...
Representative Patrick McHenry, the chairman of the U.S. House Financial Services Committee, has released the third version of the stablecoin legislation titled "The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem." This latest version of the bill, which incorporates specific suggestions from bipartisan committee members, was published ...
