Bitcoin
A court decision in Australia could open the door to as much as $640 million in capital gains tax (CGT) refunds on Bitcoin transactions after a judge ruled that crypto should be treated as money rather than a taxable asset. According to Cointelegraph, the ruling emerged from a criminal case
100 Reasons For Bitcoin
Nations that diversify their reserves beyond traditional fiat currencies can reduce their vulnerability to geopolitical pressure. Bitcoin offers governments a way to hold value in a system that exists outside any single nation's control. By incorporating Bitcoin into national reserves, countries can protect themselves from having financial access
Bitcoin
Panama City Mayor Mayer Mizrachi has indicated a potential move toward establishing a city-level Bitcoin reserve following discussions with key figures from El Salvador's Bitcoin policy team. On May 16, 2025, Mizrachi posted a cryptic message reading "Bitcoin Reserve" on his social media account after meeting
100 Reasons For Bitcoin
Bitcoin's 24/7 operational capability provides governments with continuous access to liquid capital during emergencies, a feature traditional banking systems cannot match. While conventional financial markets shut down nights, weekends, and holidays, Bitcoin transactions continue uninterrupted across time zones and borders. This perpetual availability allows national treasuries to
Bitcoin
DDC Enterprise, also known as DayDayCook, a US consumer brand with Hong Kong roots and operations in mainland China, announced a Bitcoin reserve strategy in a shareholder letter on May 15. The company has acquired 100 BTC for approximately $10.4 million and plans to accumulate 5,000 BTC in
Bitcoin
Coinbase, the world's third-largest cryptocurrency exchange, revealed on May 15 that cybercriminals recruited overseas support agents to steal customer data in an extortion attempt. According to Cointelegraph, the company faces expected remediation costs between $180 million and $400 million as it pledged to reimburse phishing attack victims. Despite
100 Reasons For Bitcoin
Countries that incorporate Bitcoin into their national reserves can experience an unexpected benefit: increased tourism from cryptocurrency enthusiasts and regular travelers alike. Data shows that nations openly accepting Bitcoin as payment throughout their tourism sectors create practical advantages for international visitors. Hotels, transportation services, and entertainment venues that accept BTC
Bitcoin
Prominent investor Jim Chanos has revealed a new trading strategy that involves simultaneously shorting shares of Strategy (formerly MicroStrategy) while directly purchasing Bitcoin. Speaking at the Sohn Investment Conference in New York on May 14, Chanos told CNBC he is "selling MicroStrategy stock and buying bitcoin and basically buying
Bitcoin
Wintermute, a London-based algorithmic crypto trading and market-making firm, has opened an office in New York as part of its expansion into the US market. The company announced the opening on May 15, specifically citing improved regulatory conditions in the United States as the primary motivation for this strategic move.
100 Reasons For Bitcoin
Smart contract lending platforms built on Bitcoin infrastructure can transform microfinance by connecting small entrepreneurs and farmers directly to global capital. Nations holding Bitcoin reserves gain the ability to support decentralized lending pools, allowing citizens to access credit without traditional banking gatekeepers. The verification capabilities inherent in blockchain technology enable
Bitcoin
Kazakhstan could transform into Central Asia's dominant cryptocurrency hub if proposed regulatory reforms are implemented, according to Kanysh Tuleushin, the country's First Vice Minister of Digital Development, Innovation and Aerospace Industry. In a recent op-ed published in Kazakhstanskaya Pravda newspaper, Tuleushin outlined how lifting current restrictions
Bitcoin
All three major South Korean presidential candidates have publicly expressed support for legalizing Bitcoin exchange-traded funds (ETFs) ahead of the June 3 election, according to CryptoQuant founder and CEO Ki Young Ju. Currently, both Bitcoin ETFs and institutional crypto investments are banned in South Korea, resulting in a market where
100 Reasons For Bitcoin
Treasury departments worldwide face constant pressure to manage foreign exchange reserves effectively amid market volatility. Bitcoin's 24/7 market access enables nations to develop real-time balancing tools that can adjust currency portfolios dynamically rather than periodically. This continuous rebalancing capability allows governments to respond instantly to currency fluctuations,
Bitcoin
Robinhood Markets announced on Tuesday, May 13, 2025, that it will acquire Canadian crypto firm WonderFi for C$250 million ($179 million) in an all-cash deal, marking a significant step in the popular trading platform's global expansion strategy. According to Cointelegraph, the acquisition values WonderFi at 36 Canadian
Bitcoin
South Korea's largest political party, the Democratic Party, has launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth. The committee held its inaugural meeting at the National Assembly Members' Hall in Seoul on May 13, as reported by Cointelegraph. During this first
100 Reasons For Bitcoin
National museums and cultural institutions can now employ blockchain technology to create digital tokens representing cultural artifacts, opening new avenues for funding preservation efforts. These tokenized representations allow partial ownership of cultural heritage without affecting physical possession or management of the actual items. When governments include Bitcoin in their national