Bitcoin recently reached an eleven-day high of $86,000, driven by positive reactions to changes in U.S. trade policies. However, traders are wary of potential volatility, especially with the traditional markets closed over the weekend, leading to lower liquidity in the crypto space. Although Bitcoin is up 7% for the week after hitting five-month lows, many ...
Bitcoin recently reached an eleven-day high of $86,000 amid a crypto Market rally influenced by changes in U.S. financial policy. However, traders are bracing for increased volatility, especially with traditional markets closed over the weekend. Bitcoin dropped back below $84,000 as liquidity decreased. Analysts are cautious, noting the price increase could be more corrective than ...
At a recent forum hosted by South Korea’s Democratic Party, financial experts urged the government to consider adding bitcoin to its national reserves and to develop a won-backed stablecoin. With the U.S. planning to create a “national strategic reserve of cryptocurrencies,” experts argue that South Korea must respond clearly to remain competitive. They highlighted the ...
David Sacks, known as Trump’s “AI and Crypto Czar,” is facing criticism as tensions emerge within the Trump-tech alliance over the president’s crypto policies. Trump, relying heavily on crypto investors for his campaign funds, recently proposed a U.S. strategic crypto reserve that includes not only Bitcoin but also several other digital currencies like Solana and ...
David Sacks, known as Trump’s “AI and Crypto Czar,” is facing criticism as tensions emerge within the Trump-tech alliance over the president’s crypto policies. Trump, relying heavily on crypto investors for his campaign funds, recently proposed a U.S. strategic crypto reserve that includes not only Bitcoin but also several other digital currencies like Solana and ...
On February 22, Montana’s House voted 41-59 against House Bill No. 429, which aimed to make Bitcoin a state reserve asset. Many lawmakers were worried that this would risk taxpayer money by allowing the investment board to engage in speculative trading. While some representatives argued the bill could maximize returns for taxpayers, others felt it ...
At a Bitcoin-themed bar in Manhattan, a panel discussed the 2024 election’s surprising alignment with cryptocurrency, highlighting a massive $238 million spent by the crypto industry to influence political outcomes. As Trump embraces Bitcoin, promising the U.S. will become the “crypto capital,” ideas for government involvement circulate, including buying significant amounts of Bitcoin to drive ...
Donald Trump’s proposal for the U.S. to establish a strategic Bitcoin reserve has sparked debate among economists and crypto enthusiasts. While Senator Cynthia Lummis introduced the BITCOIN Act of 2024 to acquire one million Bitcoins, many question the value of such a reserve, as Bitcoin’s utility remains largely speculative. Critics argue that Bitcoin should not ...
Nigeria's Central Bank Governor Olayemi Cardoso has expressed confidence in the country's ability to attract $1 billion in monthly remittances from citizens living abroad. This statement was reported by Thisday newspaper.
