The White House has confirmed the creation of a Strategic Bitcoin Reserve, a move outlined in an executive order signed by President Donald Trump. This initiative comes just one day before the administration’s first-ever crypto summit. The order directs the Treasury Department to establish an office managing the reserve, which
The digital assets community is eagerly anticipating the White House Crypto Summit. The overall market cap has shown a modest increase, as depicted by its 4.18% upward momentum. However, the largest cryptocurrency, Bitcoin, has shown modest price drops yet again this week. Notably, US President Donald Trump signed an executive
Key Highlights: New Hampshire is progressing towards adopting Bitcoin to its state reserves portfolio through a legislative bill proposed by Representative Keith Ammon. The House Commerce and Affairs Committee strongly backed House Bill 302, enabling state treasury investment in Bitcoin and precious metals before the bill gained a 16-1 vote
Bitwise’s Chief Investment Officer, Matt Hougan, shared his view on Trump’s US crypto reserve. Despite initial plans to include various altcoins, Donald Trump’s proposed cryptocurrency reserve will likely end up being almost exclusively Bitcoin, according to Bitwise CIO Matt Hougan. Hougan highlights that the market’s initial negative reaction to the
Mt Gox moved around 12,000 Bitcoins today to different wallet addresses. Since its bankruptcy filing in 2014, several creditors are awaiting their repayments. As per its announcement in October 2024, the repayment deadline extended to October 31, 2025. Mt. Gox just transferred 166.5 $BTC($15.05M) again, probably to #BitGo.https://t.co/Szb0IPe5slhttps://t.co/9KFOv9tjay pic.twitter.com/VQ2UNlIyIr —
Mexican billionaire Ricardo Salinas has allocated 70% of his total investment portfolio to Bitcoin and Bitcoin-related assets. During his March 4 Bloomberg interview, the founder and chairman of Grupo Salinas discussed his current investment strategy. During 2020 Salinas maintained Bitcoin as 10% of his portfolio, but he increased his holdings
El Salvador’s President Nayib Bukele has reaffirmed that the country will continue accumulating Bitcoin (BTC), despite the recent International Monetary Fund’s (IMF) agreement suggesting otherwise. Bukele dismissed claims that El Salvador’s Bitcoin strategy would stop, countering the IMF’s requirements tied to a $1.4 billion loan deal. The IMF recently released
The Asian crypto community has awakened to a modest market revival after the past day’s significant crash. Leading cryptocurrencies have witnessed partial gains despite market uncertainty and a lack of bullish momentum. However, the upcoming days hold mounting tensions and more FUD due to shifting economic landscapes. Notably, Bitcoin has
In a world where cryptocurrencies continue to dominate financial markets, the ION Cloud Mining Platform has become a game-changer for individuals looking to maximize their earnings in the digital asset space. With its cutting-edge technology and user-friendly interface, the platform offers unprecedented opportunities to those with minimal technical expertise What
The global crypto market is facing a sharp downturn, with the total market cap falling to $2.77 trillion, an 8.76% drop in the last 24 hours. Market trading volume has also decreased by 15.59% to $176.55 billion, indicating reduced investor activity. The entire crypto market is bearish, pulling Bitcoin (BTC)
