In Alabama, lawmakers are set to vote on several important bills regarding cryptocurrency and blockchain technology. One key proposal, Senate Bill 282, aims to exempt virtual currency from state property tax and officially define it. This bill, along with House Bill 483, sponsored by Rep. Mike Shaw, marks a significant step towards regulating digital currencies ...
New Hampshire and Florida are making strides in cryptocurrency legislation by advancing bills that allow their states to create Bitcoin reserves. New Hampshire’s House passed HB302 by a narrow vote, permitting the state treasurer to invest 10% of certain funds into Bitcoin and other approved assets. Similar to this, Florida’s House Insurance and Banking Committee ...
Last week, Bitcoin (BTC) experienced a period of stagnant price movement, consolidating below $84,700 after briefly breaking above $87,000. However, analysts are optimistic, highlighting a falling wedge pattern that suggests a potential price surge could occur. Historically, when Bitcoin has formed this pattern, it has led to significant rallies, averaging a gain of about 67.5%. ...
