Utah could become the first state in the US to establish a bitcoin reserve because of its short legislative window and "political momentum". Dennis Porter, CEO of the Satoshi Action Fund, said in an interview with U.S. Senator Cynthia Lummis on February 2 that Utah has a good chance of becoming the first state in the United States to establish a bitcoin reserve because they only have 45 days to make a decision. Dennis Porte said in an interview on January 21: "It's either a success in 45 days or...
On February 2nd, local time on February 1st, US Secretary of State Rubio arrived in Panama City, the capital of Panama, by plane to officially start his visit to Panama. This is also Rubio's first foreign visit after taking office as US Secretary of State. He will start in Panama and visit five Latin American countries including Guatemala, El Salvador, Costa Rica, and Dominica. According to the currently announced itinerary, Rubio will meet with Panamanian President Mulino and visit the Panama C...
According to official news, the Australian Monochrome spot Bitcoin ETF (IBTC) updated data, as of January 28, the ETF holdings reached 305 BTC, the market value of the holdings exceeded 50 million dollars, touching about 50.2765 million dollars.
Monochrome has submitted an application for its third spot cryptoasset ETF, the Monochrome Litecoin ETF (ticker: $LTCC), to Cboe Australia.
The CPI data should cause concern for the Federal Reserve, especially after its recent interest rate cut, which in hindsight seems too aggressive. Click to view...
According to official news, the Australian Monochrome Spot Bitcoin ETF (IBTC) has a position of 295 BTC as of January 22, and the market value of the position is close to 50 million dollars, currently touching about 49.7196 million dollars.
In addition to the potential for downward pressure on spending and prices from several of Trump's signature policies, there is also a good reason to think that a Trump victory would reduce long-term inflation... click to view
The Trumps' "coin launch" has polarized opinion in the cryptocurrency industry, with some seeing it as an innovative venture and others as a predatory tactic to exploit the viscosity of Trump's fans. Morningstar head Kenneth Lamont has told investors not to trade cryptocurrencies without proper knowledge of the risks involved, "If Trump follows through on his campaign promises,...
An employee of a Russian diamond mining company has been jailed for sending cryptocurrency "to provide financial assistance to terrorist groups in Ukraine." The man, a male resident of Yakutia's Mirninsky district, was arrested by the Sakha branch of Russia's Federal Security Service (FSB). The FSB said the man "used cryptocurrencies on several occasions to transfer funds to Ukrainian militants", which the group used to "conduct reconnaissance and subversive activities against the security of th...
Citi said it expects the Reserve Bank of Australia to hold its ground in February and cut interest rates for the first time in May. It is expected to cut interest rates by a total of 75 basis points this year. (Jin Ten)
The launch of Sony's Layer 2 blockchain, Soneium, has sparked controversy over its alleged blacklisting of some memecoins that infringe intellectual property rights. The move reportedly took place on the day of the network's launch, apparently resulting in some tokens being restricted, making them untradable and unsupported by official blockchain explorers. The blacklist specifically targets tokens that imitate or use brands considered protected by Sony or Soneium. According to reports, the trad...
Bitcoin Magazine columnist Nikolaus Hoffman wrote on the X platform that he is optimistic about the market outlook. President Trump is expected to: Release Rose, the founder of the dark web Silk Road; Create a strategic bitcoin reserve. "Driving Bitcoin Soaring Like Never Before" Issued an executive order on bitcoin and cryptocurrency accounting on the first day
Upbit has suspended the top-up service of Solve.Care (SOLVE), citing its lack of transparency and possible risks to investors. SOLVE has been designated a "alert project" and will undergo a two-week review period during which Upbit will assess whether to extend the specified period, cancel the specified period, or terminate trading support.
On January 11th, according to Cointelegraph, finance professor David Krause said that a sharp drop in the price of bitcoin could seriously affect MicroStrategy, endangering its ability to repay its debt and possibly leading to financial distress or bankruptcy, triggering a stock sell-off. Financial analyst Jacob King said that when MicroStrategy's share price is higher than its net asset value of bitcoin, the company will raise funds through debt or equity to buy more bitcoin. This circular stra...