Bitcoin
Governor Katie Hobbs of Arizona has vetoed a bill that would have allowed the state to invest in Bitcoin using seized funds, effectively ending the state's bid to become the first in the nation to adopt cryptocurrency in its official reserves. The legislation, Senate Bill 1025, proposed creating
100 Reasons For Bitcoin
Bitcoin-based disbursements for social services create verifiable transaction records that anyone can audit, potentially reducing corruption in public assistance programs. When governments allocate Bitcoin for housing subsidies, education grants, or healthcare initiatives, these transactions become permanently recorded on the blockchain. This transparency allows citizens, journalists, and watchdog organizations to track
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CANNES EMBRACES CRYPTOCURRENCY PAYMENTS Merchants in Cannes, France, home of the renowned Cannes Film Festival, will begin accepting cryptocurrency payments by summer 2025, with municipal officials targeting a 90% adoption rate among local businesses. According to Cointelegraph, the initiative aims to attract high-net-worth visitors by modernizing the city's
Bitcoin
Ethereum co-founder Vitalik Buterin announced a plan to simplify Ethereum's base protocol, drawing inspiration from Bitcoin's minimalist design approach. In a blog post titled "Simplifying the L1" published on May 3, 2025, Buterin outlined his vision to restructure Ethereum's architecture across consensus,
100 Reasons For Bitcoin
Nations that adopt Bitcoin as part of their reserves gain opportunities to form strategic alliances with other crypto-friendly states. Countries like El Salvador and the Central African Republic have already established Bitcoin reserves, creating potential for formal agreements on joint mining operations, cross-border payment systems, and digital asset research. These
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US SEC-registered investment advisory firm Two Prime has ended support for Ether and adopted a Bitcoin-only strategy. The announcement came on May 1, after the firm provided $1.5 billion in loans across both Bitcoin and Ether over the past 15 months. Two Prime cited ETH's 45% value
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Bitcoin miner Riot Platforms reported record quarterly revenue of $161.4 million in Q1 2025, exceeding Wall Street estimates of $159.79 million by 1%. Despite this milestone, the company posted a net loss of $296,367, a stark contrast to the $211,777 net income reported in the same
100 Reasons For Bitcoin
A dual system combining central bank digital currencies (CBDCs) for daily transactions and Bitcoin reserves for long-term value storage offers nations a balanced monetary approach. This framework allows governments to maintain control over everyday payment systems through CBDCs while simultaneously diversifying reserves with Bitcoin's scarcity-based value proposition. Technical
100 Reasons For Bitcoin
Nations that allocate a portion of their Bitcoin reserves toward grants for local developers and civic groups can drive technological advancement while maintaining public accountability. Several municipalities worldwide have begun testing this approach, with documented outcomes showing greater efficiency than traditional funding models. These Bitcoin-backed grants operate through transparent selection
Bitcoin
The Arizona House of Representatives has approved two bills that would allow the state to establish a cryptocurrency reserve. On April 28, lawmakers passed Senate Bill 1025 (SB1025) with 31 votes in favor and 25 against. This bill aims to amend Arizona statutes to create a strategic Bitcoin reserve. A
Bitcoin
Billionaire investor Ray Dalio has warned that the world is "on the brink" of a breakdown in the global monetary order. The former CEO of hedge fund Bridgewater Associates shared these concerns in an April 28 post on social media platform X. According to Dalio, the Trump administration&
100 Reasons For Bitcoin
Nations that adopt Bitcoin as part of their reserves gain a first-mover advantage in defining regulatory frameworks that others may follow. Early adopter countries can establish practical standards for taxation, anti-money laundering procedures, know-your-customer protocols, and consumer protection measures that balance innovation with security. This positioning allows these nations to
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Stacks Asia DLT Foundation has become the first Bitcoin-based organization to establish an official presence in the Middle East through a new partnership with the Abu Dhabi Global Market (ADGM). The collaboration was announced on April 28 and aims to promote institutional Bitcoin adoption in the Middle East and Asia
Bitcoin
Coinbase plans to launch its Bitcoin Yield Fund on May 1, targeting institutional investors outside the US seeking passive income from their Bitcoin holdings. The world's third-largest cryptocurrency exchange by volume announced the fund will aim for annual net returns between 4% and 8%. According to the April
100 Reasons For Bitcoin
Nations adopting Bitcoin as part of their reserves can gain alternative liquidity options during financial crises, potentially reducing dependence on International Monetary Fund (IMF) loans and their associated conditions. When countries face balance of payment problems or currency instability, they typically approach the IMF for emergency funding. However, these loans
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Michael Saylor, co-founder of Strategy, hinted at another Bitcoin investment on April 27, just one week after the firm purchased $555 million worth of Bitcoin at an average price of $84,785 per coin. His social media post "Stay Humble. Stack Sats" fueled speculation about the size of