Brazil’s Congress has recently proposed a bill to purchase a strategic reserve of 1 million Bitcoins. The Lawmakers proposed implementing the bill over five years through gradual Bitcoin purchases. The official draft of this bill is known as the Bitcoin Strategic Reserve Act. It extends previous ideas of utilizing foreign
Danske Bank has introduced cryptocurrency-related investment products to its trading platform, allowing customers to gain exposure to Bitcoin and Ethereum through exchange-traded products. The move comes from higher client demand and clearer regulations in Europe. Danske eBanking and Danske Mobile Banking customers can invest in ETPs, which track both Bitcoin
Grayscale Investments released a research report highlighting Bitcoin’s recent correlation with technology stocks rather than precious metals. The firm said Bitcoin’s short-term price behavior resembles that of high-growth tech equities. Bitcoin’s decline below $60,000 on February 5 aligned with broader tech sector sell-offs. The research noted that Bitcoin’s peak above
An activity has been witnessed in a Bitcoin wallet associated with an alleged ransom demand in the high-profile vanishing of 84-year-old Nancy Guthrie, the mother of NBC Today co-anchor Savannah Guthrie. TMZ affirmed on February 10 that for the first time since the ransom note was received, there has been
Changpeng “CZ” Zhao, co-founder of Binance, has pushed back sharply against critics blaming the exchange for trading losses. In a series of posts on X, Zhao argued that traders and commentators often shift responsibility when markets turn red, instead of owning their decisions. Zhao said that negative narratives around Binance
Federal Reserve Governor Chris Waller says the wave of excitement that swept through crypto markets after President Donald Trump’s election win has started to cool. Speaking at a conference on Monday, Waller explained that deeper links between crypto and traditional finance have changed market behavior and forced investors to reassess
Bithumb has recovered almost all Bitcoin mistakenly distributed during a recent reward event error, easing concerns around customer asset safety and market disruption. The South Korea-based exchange said it retrieved about 99.7% of the Bitcoin credited to users by mistake and used its own funds to settle the remaining amount
Binance and Bybit have been said to have frozen withdrawals as a crypto sell-off continues to worsen in the marketplace. This freezing of withdrawals seems to have occurred as a result of a sell-off among the crypto assets in the marketplace. The recent sell-off appears to have influenced the decision
Metaplanet is a Bitcoin vault company based in Japan. And it was reported that they were committing themselves to buying even more Bitcoins despite the latest dips in price. In fact, the value of Bitcoin went down to around $60,000 in the past before it went back up to some
Eleven major U.S. public pension funds are now reporting substantial unrealized losses on microcap Strategy shares linked to Bitcoin. Their combined holdings of almost 1.8 million Strategy shares are currently worth $240 million. This is down from $577 million, which indicates a substantial drawdown. Market information reveals that this represents
