Senator Cynthia Lummis is set to meet with industry leaders on March 11 to discuss a proposed US Bitcoin reserve initiative, according to Bitwise CEO Hunter Horsley. This discussion comes as the regulatory environment for digital assets in the US becomes more favorable, paving the way for increased Bitcoin investments in the first quarter of ...
The Nigerian government is moving forward with plans to tax cryptocurrency transactions as part of a broader strategy to boost revenue. A tax framework bill is currently under review and is expected to be passed soon. The Securities and Exchange Commission (SEC) aims to implement a formal tax system on qualified transactions, anticipating substantial tax ...
As Bitcoin’s Market value nears $2 trillion, evidence suggests growing institutional and national acceptance. The approval of the Bitcoin ETF last year boosted its adoption among big institutions. Recent U.S. SEC filings reveal that many fund managers are increasing their investments in Bitcoin ETFs. Notably, the Wisconsin investment board significantly raised its shares in the ...
Twenty U.S. states, including Oklahoma, Texas, and Massachusetts, are considering Bitcoin reserve bills, with North Carolina planning to invest over $2.6 billion in Bitcoin purchases. If these proposals pass, the states could collectively acquire around 247,000 Bitcoins, potentially worth $23 billion. This move is seen as a positive development for the cryptocurrency industry, as it ...
President Donald Trump has signed an executive order to explore the creation of a U.S. national stockpile of digital assets, including Bitcoin, which he promised during his campaign. This move signals a shift in economic strategy, potentially allowing the government to hold over 1 million Bitcoins, which could help address issues like inflation and national ...
Nestled two hours from El Salvador’s capital, the town of Berlín is home to about 20,000 residents and one of the world’s largest Bitcoin circular economies. Here, local businesses—from fruit vendors to motorcycle repair shops—accept Bitcoin, making it possible to cover daily expenses using the cryptocurrency. Unlike the tourist-heavy Bitcoin Beach, Berlín is primarily driven ...
As we step into 2024, the financial landscape is poised for significant change, driven by technological advancements and evolving consumer needs. Key trends to watch include the rise of digital currencies and Central Bank Digital Currencies, the expansion of decentralized finance (DeFi), and increased usage of artificial intelligence in financial services. Additionally, the growing emphasis ...
Fred Thiel, CEO of Marathon Digital Holdings, is rallying support for a Strategic Bitcoin Reserve plan under the Trump administration, aiming to position Bitcoin as a cornerstone of U.S. financial strategy. With 11 states already introducing legislation to create their own Bitcoin reserves, Thiel’s vision seeks to integrate Bitcoin across all states and at the ...
El Salvador has recently added 11 more Bitcoin to its national reserves, increasing its total to 6,044 BTC, valued at around $610 million. This purchase comes after securing a $1.4 billion agreement with the International Monetary Fund (IMF), which required the country to make Bitcoin acceptance voluntary for businesses, marking a shift from its original ...
Crypto, once dismissed by traditional finance, is gaining traction thanks to stablecoins, as highlighted in a Federal Reserve Bank of Atlanta report. These digital currencies, pegged to assets like the U.S. dollar, provide stability and are becoming more accepted for payments, posing competition to credit and debit cards. Major retailers such as Overstock and Chipotle ...
