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El Salvador's Bitcoin Strategy Shifts After Securing 1.4 Billion IMF Loan

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El Salvador's Bitcoin Strategy Shifts After Securing 1.4 Billion IMF Loan

El Salvador has stopped its daily Bitcoin purchasing strategy, with the last transaction recorded on February 17, according to data from Arkham Intelligence. The pause follows the country's recent $1.4 billion loan agreement with the International Monetary Fund (IMF), according to a report from Cryptobriefing. The Central

By Albert Morgan Feb 23, 2025
Utah Moves Forward with Plan to Add Bitcoin to State Treasury

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Utah Moves Forward with Plan to Add Bitcoin to State Treasury

Utah's legislative bodies are moving closer to allowing Bitcoin investments as part of the state's reserve strategy. House Bill 230, known as the "Blockchain and Digital Innovation Amendments," passed the Senate Revenue and Taxation Committee on February 20 with a 4-2-1 vote. The bill

By Albert Morgan Feb 22, 2025
New BITCOIN Act Proposes 1 Million BTC Purchase Over 5 Years

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New BITCOIN Act Proposes 1 Million BTC Purchase Over 5 Years

The U.S. Congress is considering new legislation called the BITCOIN Act that would direct the Treasury Department to create a Strategic Bitcoin Reserve by purchasing up to 1 million Bitcoin over a five-year period. According to the proposal, the government would need to hold these Bitcoin reserves for a

By Albert Morgan Feb 22, 2025
Fort Knox Audit Plans Signal Growing Interest in Digital Asset Storage

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Fort Knox Audit Plans Signal Growing Interest in Digital Asset Storage

A potential audit of Fort Knox's gold reserves, proposed by former President Donald Trump, could lead investors to shift their focus toward bitcoin and other digital assets, according to market analysts. The U.S. gold reserves have not undergone a complete independent audit since the 1950s, making this

By Albert Morgan Feb 21, 2025
South African Company Altvest Starts Bitcoin-Only Investment Strategy

News

South African Company Altvest Starts Bitcoin-Only Investment Strategy

South African investment company Altvest Capital has made its first Bitcoin purchase, buying one BTC as part of its new investment strategy focused exclusively on Bitcoin. The company announced its entry into the Bitcoin market on February 21, 2024, specifically noting it would not include other cryptocurrencies in its strategy

By Albert Morgan Feb 21, 2025
Ross Ulbricht Calls for Roger Ver's Release in Bitcoin Tax Case

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Ross Ulbricht Calls for Roger Ver's Release in Bitcoin Tax Case

Ross Ulbricht, the recently pardoned creator of Silk Road, has publicly supported Roger Ver, who currently faces serious tax evasion charges in the United States. Roger Ver was there for me when I was down and needed help. Now Roger needs our support. No one should spend the rest of

By John Williams Feb 21, 2025
Czech National Bank Chief Pushes for Bitcoin Research

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Czech National Bank Chief Pushes for Bitcoin Research

As reported by Coinpaper Czech Central Bank Governor Aleš Michl has proposed creating a Bitcoin test portfolio and called for extensive research into the cryptocurrency's technology, showing a progressive stance among traditional banking institutions. The announcement came through his February 19 social media post, where he shared his

By Albert Morgan Feb 20, 2025
Trump Promises US Leadership in Cryptocurrency Markets

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Trump Promises US Leadership in Cryptocurrency Markets

President Donald Trump declared he has ended what he characterized as the Biden administration's opposition to Bitcoin and cryptocurrency during his speech at the FII PRIORITY Summit in Miami Beach on Wednesday in a report from Cryptobriefing. Trump said his executive orders aim to keep the United States

By Albert Morgan Feb 20, 2025
Montana Advances Bill to Make Bitcoin Part of State Investment Portfolio

News

Montana Advances Bill to Make Bitcoin Part of State Investment Portfolio

According to House Bill 429 documents from Montana's 69th Legislature, the state's House Business and Labor Committee has approved legislation that could make Bitcoin a part of the state's investment strategy, joining a broader movement of twenty U.S. states considering similar measures worth

By John Williams Feb 20, 2025
Strategy Launches $2 Billion Zero Interest Note Offering for Bitcoin Plans

News

Strategy Launches $2 Billion Zero Interest Note Offering for Bitcoin Plans

Strategy announced its plans to offer $2 billion in convertible senior notes due 2030 according to their press release. The company made this announcement on February 18, 2025, in Tysons Corner, Virginia. The zero-interest notes will be offered through a private placement to qualified institutional buyers under Rule 144A of

By John Williams Feb 19, 2025
Google Explores Ways to Bridge Traditional and Crypto Payment Systems

News

Google Explores Ways to Bridge Traditional and Crypto Payment Systems

Google is working on plans to make Bitcoin and other cryptocurrencies more accessible to everyday users, according to statements made by Kyle Song, Google's Web3 Specialist, at the Bitcoin Tech Carnival in Hong Kong on February 18 in a report from Bloomingbit. The tech giant aims to create

By Albert Morgan Feb 18, 2025
US Bitcoin Mining Industry Creates 31,000 Jobs Amid Growing State Adoption

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US Bitcoin Mining Industry Creates 31,000 Jobs Amid Growing State Adoption

The US Bitcoin mining industry has grown from a niche technology sector into a major economic force, generating more than $4.1 billion in gross product annually and supporting over 31,000 jobs nationwide, according to a new economic impact study released in January 2025. This growth comes as twenty

By John Williams Feb 18, 2025
Wisconsin Joins Growing List of States Investing in Bitcoin with 321M ETF Purchase

News

Wisconsin Joins Growing List of States Investing in Bitcoin with 321M ETF Purchase

According to a recent SEC filing, Wisconsin's state pension fund has substantially increased its position in BlackRock's Bitcoin ETF, joining a growing number of states exploring cryptocurrency investments. The State of Wisconsin Investment Board now holds 6,060,351 shares in the iShares Bitcoin Trust (IBIT)

By John Williams Feb 17, 2025
Bitcoin Will Reach 120K by June 2025 and Stabilize Until Autumn

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Bitcoin Will Reach 120K by June 2025 and Stabilize Until Autumn

I predict Bitcoin will reach $120,000 by June 2025 and stabilize at this level until mid-autumn, after which it will continue to grow. Government interest in Bitcoin has become the main factor behind this prediction. Twenty U.S. states are reviewing legislation to add Bitcoin to their reserves, with

By John Williams Feb 17, 2025
BlockDAG Launches Layer-1 Network with $200 Million in Presale Funding

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BlockDAG Launches Layer-1 Network with $200 Million in Presale Funding

According to information shared with us, BlockDAG has raised nearly $200 million in its presale period, entering the cryptocurrency market as Bitcoin trades around $100,000. The new blockchain network offers both mining capabilities and smart contract functionality. The platform's mining system does not require ASIC hardware, which

By John Williams Feb 17, 2025
Abu Dhabi Wealth Fund Invests $437 Million in BlackRock Bitcoin ETF

News

Abu Dhabi Wealth Fund Invests $437 Million in BlackRock Bitcoin ETF

Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has invested $436.9 million in BlackRock's spot Bitcoin ETF during the fourth quarter of 2024, according to The Block article. The investment was revealed in a filing published on Friday, February 14, 2025. The purchase coincided with

By John Williams Feb 15, 2025
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