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
Bitcoin
The United States and China have agreed to temporarily reduce their reciprocal tariffs to 10% for a 90-day period beginning May 14, 2025. According to Cointelegraph, this agreement marks a significant thaw in the trade war between the world's largest economies that had previously seen tariffs exceed 100%
Bitcoin
According to Cointelegraph, El Salvador has added 7 Bitcoin (BTC) to its national strategic reserve over the past week, bringing its total holdings to 6,173 BTC, valued at over $637 million. This acquisition continues despite a December 2024 loan agreement with the International Monetary Fund (IMF) that specifically required
Bitcoin
Coinbase, the largest US cryptocurrency exchange, considered adopting a Michael Saylor-like Bitcoin strategy for its treasury but ultimately decided against the approach due to risk concerns. According to Bloomberg, Coinbase CEO Brian Armstrong revealed on May 9 that the company contemplated allocating 80% of its balance sheet to Bitcoin on
100 Reasons For Bitcoin
Countries that establish Bitcoin reserves create economic ecosystems that generate high-quality employment opportunities for technical professionals. Nations facing significant outflows of skilled IT workers can develop vibrant cryptocurrency sectors through regulatory clarity and national Bitcoin adoption. Data shows that regions with progressive cryptocurrency policies experience higher retention rates of software
Bitcoin
Japanese investment firm Metaplanet announced a new $21.25 million bond issue to purchase additional Bitcoin for its growing treasury. According to Cointelegraph, the company will issue "0% Ordinary Bonds" with all funds allocated exclusively for Bitcoin acquisition. This latest funding round comes just days after Metaplanet revealed
Bitcoin
German law enforcement agencies have seized 34 million euros ($38 million) in cryptocurrency from eXch, an exchange platform allegedly used to launder funds stolen in the record-breaking $1.4 billion Bybit hack. According to Cointelegraph, the seizure was announced on May 9 by Germany's Federal Criminal Police Office
100 Reasons For Bitcoin
Countries maintaining national reserves face a strategic dilemma when fiscal emergencies arise: which assets to liquidate first. The historical approach has often required selling precious metals like gold, effectively reducing a nation's long-term wealth preservation capacity. Bitcoin presents an alternative liquidity layer that can shield gold and other
Bitcoin
David Bailey, CEO of BTC Inc. and a key advisor to President Donald Trump on cryptocurrency policy, has raised $300 million to launch a publicly traded Bitcoin investment company named Nakamoto, CNBC reported on May 7, 2025. The funding includes $200 million in equity and $100 million in convertible debt,
Bitcoin
Latest Regulatory Development The Office of the Comptroller of the Currency (OCC) announced through interpretive letters on Wednesday that national banks can now buy and sell cryptocurrency assets on behalf of their customers. CoinDesk reports that the OCC clarified banks can also outsource crypto-related services to third parties, including custody
100 Reasons For Bitcoin
Nations holding Bitcoin in reserve assets gain the option to develop exchange-traded funds (ETFs) or notes that track these holdings, expanding access to domestic capital markets. When countries list Bitcoin-backed investment vehicles on their exchanges, they create new entry points for institutional and retail investors who seek regulated exposure to
Bitcoin
Hive Digital Technologies has completed the first phase of its 100-megawatt Bitcoin mining facility in Yguazú, Paraguay, marking a major expansion of its operations in Latin America. According to Crypto.news, the announcement caused Hive Digital's shares to rise 2% in pre-market trading on April 21. The newly