Florida Senator Joe Gruters has proposed a bill advocating Bitcoin as part of the state’s investment strategy. If the bill succeeds, it would allow the state to allocate up to 10% of its public funds into Bitcoin. Florida joins U.S. states like Texas, Wyoming, Ohio, Pennsylvania, and others in the
The U.S. Senate Banking Committee is set to launch its first-ever subcommittee dedicated to digital assets. This move reflects the Senate’s commitment to addressing the growing impact of cryptocurrency on the financial sector. Senator Cynthia Lummis (R-Wyo.), a staunch Bitcoin advocate, is expected to chair the panel pending a committee
The largest bank in the UAE, First Abu Dhabi Bank (FAB), has partnered with Libre Capital, a tokenization expert, to transform the use of real-world assets (RWA) as collateral in lending. This collaboration is designed to enhance collateralized lending practices by leveraging tokenized versions of traditional investment assets. Notably, the
In a recent letter, Jimmy Patronis, Florida’s CFO, requested that Bitcoin and other digital assets be considered part of the state’s pension fund. It addressed Chris Spencer, the Executive Director of the Florida State Board of Administration. Moreover, the letter emphasized Florida’s position as a leader in economic growth, persuading
In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital
In a significant policy shift, Google Play has opened its doors to non-fungible tokens (NFTs) and other digital assets, providing developers with the opportunity to integrate these unique tokens into their apps and games. This decision marks a pivotal moment for the NFT space. It unlocks a world of creative
In an ongoing motion, the House Financial Services Committee has called upon Congress to establish a consistent and clear regulatory framework for digital assets, emphasizing the need for regulatory certainty in the ever-evolving landscape. The motion highlights the jurisdictional challenges between the Securities and Exchange Commission (SEC) and the Commodity
Renowned blockchain expert Emin Gün Sirer has released his written testimony before the highly anticipated House Financial Services Committee hearing. In his testimony, Sirer uncovers the pivotal matters involving blockchains and digital assets while addressing the associated regulatory difficulties. My written testimony for the House Financial Services Committee hearing on
On Monday, the seventh consecutive week of outflows from Digital Asset Investment products accounts for $62M which then totals around $329 million. This indicates the one percent of overall assets under management (AuM). However, on a statistical basis, this coincides with the proportion of outflows seen in earlier 2022. The
The world’s first-ever Bitcoin Tower is about to be launched on May 24 at the COP28 (28th Conference of Parties) meeting as the most innovative project, in Dubai, UAE. This project has been under the developer, Salvatore Leggiero who initiated the creation of a new hotel chain. Elaborating Hotel Chain
