India’s outgoing Reserve Bank of India (RBI) governor, Shaktikanta Das, has emphasized the country’s leading role in central bank digital currency (CBDC) development, highlighting its impressive growth with over 5 million users and 400,000 merchants participating in the digital rupee’s pilot since 2022. He believes CBDCs hold enormous potential for the future of currency. While ...
In Texas, new legislation was proposed to create a strategic bitcoin reserve, which may also pave the way for a U.S. Treasury reserve. The bill allows Texas to accept taxes and donations in bitcoin, holding them for at least five years to boost fiscal stability and innovation in the crypto space. State Representative Giovanni Capriglione ...
KULR Technology Group has decided to make bitcoin a key part of its financial strategy by including it as a primary asset in its treasury program. With over $12 million in cash reserves, the company plans to invest up to 90% of its surplus cash into bitcoin, depending on Market conditions. CEO Michael Mo highlights ...
Faryar Shirzad, Coinbase’s chief policy officer, predicts that the U.S. cryptocurrency industry will soon see rapid regulation following Donald Trump’s presidential election victory. He believes that with Trump’s pro-crypto stance and the Republican Party controlling Congress, new laws will be passed to benefit the 50 million Americans who own cryptocurrencies. Two significant bills are currently ...
Risk-averse investing in cryptocurrency may seem unlikely, but several U.S. fund providers are introducing ETFs aimed at easing these concerns. These funds will invest in bitcoin while using derivatives to protect against losses. With bitcoin’s value rising significantly this year, many investors who hesitated can now gain exposure without the same level of risk. The ...
At the start of this week, Bitcoin was nearing a significant price milestone of $100,000, currently trading at $95,116. The surge in Bitcoin’s value, which began in mid-2024, is largely attributed to institutional investor interest and improved regulatory clarity in the U.S. Market analysts predict that if current trends continue, Bitcoin could reach $120,000 by ...
The UK is set to introduce a comprehensive cryptocurrency regulation framework by early 2025, targeting stablecoins and clarifying the legal status of staking services. The Treasury has confirmed that stablecoins will not fall under UK payments regulation, aiming to foster innovation while ensuring safety through oversight by the Financial Conduct Authority (FCA). This framework also ...
