The world of cryptocurrency has just taken a drastic turn with former U.S. President Donald Trump’s executive order to create a Strategic Bitcoin Reserve (SBR). The development has triggered a combination of optimism and skepticism in the crypto community. Although Bitcoin initially experienced a 6% price decline, most experts feel
The face of the crypto industry changed significantly with the support of the US president. Donald Trump promised to make the US a crypto capital of the globe and is already taking steps towards it. With the anticipated Bitcoin reserve creation, the crypto industry is set to achieve new heights
The crypto market witnessed a strong comeback in the late evening Asian hours followed by Trump’s new announcement. While Bitcoin price rose by around 10% within a few hours, Ethereum, XRP, Solana, and Cardano have also recorded two-digit surges. All credit goes to Trump’s new announcement on Truth Social regarding
Despite being the largest digital currency in the world, Bitcoin faced a rejection from South Dakota lawmakers. The US state followed the lead of Montana which also recently rejected the Bitcoin reserve bill concept. Meanwhile, Bitcoin fell below $90,000 and it is trading above the $85K mark at press time.
Despite trading below its ATH and previous highs, Bitcoin’s reputation as a reserve asset didn’t go away. While multiple US states started exploring Bitcoin strategic reserves this month, it is now an African firm’s turn to adopt BTC. South Africa-based AltVest Capital is exploring the adoption of Bitcoin as a
Senator Cynthia Lummis urges the United States to modernize its national reserves to feature Bitcoin. Serving as a representative of Wyoming in the U.S. Senate, Lummis contends that Bitcoin’s openness and decentralization enable auditing in real-time, which may fortify fiscal accountability. Lummis stated: “A bitcoin reserve could be audited any
Michigan has officially joined the cryptocurrency legislative race with the introduction of House Bill 4087, marking the state’s bid to establish a strategic crypto reserve. The bill, introduced by Representatives Bryan Posthumus and Ron Robinson on February 13, positions Michigan as the 20th state in the U.S. to propose crypto
Texas lawmakers make a ground-breaking move trying to establish itself as the first state to introduce a Strategic Bitcoin Reserve. The lawmakers of Lone Star state (Texas) have refiled a strategic Bitcoin reserve bill. The refiling of the bill is under a distinct name aiming to create investment opportunities in
Sławomir Mentzen was gaining attention with his firm commitment to establishing a Bitcoin reserve for Poland in case he wins. Mentzen’s Vision for a Bitcoin Reserve Mentzen’s stance is aligned with that of U.S. President Donald Trump, who has been an outspoken Bitcoin and cryptocurrency supporter in the world of
Utah will become the first US state to make history in terms of launching a Bitcoin reserve. The Strategic Bitcoin Reserve Bill, or HB230, has already been voted on by the House of Representatives and is waiting for final approval in the Senate before landing on the governor’s desk. HB230,
