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Texas Moves Forward with Bitcoin Investment Bill Worth $250 Million

Bitcoin

Texas Moves Forward with Bitcoin Investment Bill Worth $250 Million

Texas House Bill 4258, which would authorize the state comptroller to invest up to $250 million in bitcoin from the state's "Rainy Day Fund," has been referred to the Delivery of Government Efficiency Committee. The bill was introduced on March 11, 2025, with bipartisan support from

By Albert Morgan Apr 3, 2025
Alabama and Minnesota Join States Pushing for Bitcoin Reserves

Bitcoin

Alabama and Minnesota Join States Pushing for Bitcoin Reserves

Lawmakers in Minnesota and Alabama have filed companion bills that would allow their states to invest in Bitcoin. These proposals join similar initiatives in 24 other states across the US, as part of a growing movement to create state Bitcoin reserves. In Minnesota, Republican Representative Bernie Perryman introduced the Minnesota

By Albert Morgan Apr 3, 2025
GameStop Completes $1.5 Billion Debt Offering to Purchase Bitcoin

Bitcoin

GameStop Completes $1.5 Billion Debt Offering to Purchase Bitcoin

Video game retailer GameStop Corporation has successfully completed a convertible debt offering that raised $1.5 billion. The company plans to use some of the proceeds to buy Bitcoin as part of its investment strategy, according to an April 1 filing with the Securities and Exchange Commission. The debt offering

By Albert Morgan Apr 2, 2025
BlackRock and Galaxy Digital Receive UK Regulatory Approvals for Crypto Operations

Bitcoin

BlackRock and Galaxy Digital Receive UK Regulatory Approvals for Crypto Operations

The UK's Financial Conduct Authority (FCA) has approved BlackRock to operate as a crypto asset firm in the country. This approval allows BlackRock to arrange transactions and sales related to exchange-traded products issued by iShares Digital Assets AG, which are backed by crypto assets. The approval enables BlackRock

By Albert Morgan Apr 2, 2025
Bitcoin Investor Funds Historic Polar Space Flight

Bitcoin

Bitcoin Investor Funds Historic Polar Space Flight

A bitcoin investor, Chun Wang, and three polar explorers launched from NASA's Kennedy Space Center Monday night on the first human spaceflight to traverse Earth's North and South poles. The SpaceX Falcon rocket headed southward over the Atlantic, putting the crew on a flight path never

By Albert Morgan Apr 1, 2025
Japanese Firm Metaplanet Buys 696 Bitcoin for $67 Million After Stock Split

Bitcoin

Japanese Firm Metaplanet Buys 696 Bitcoin for $67 Million After Stock Split

Japan-based Metaplanet has purchased 696 Bitcoin for 10.2 billion yen ($67 million), according to an April 1 announcement on X. This acquisition brings the company's total Bitcoin holdings to 4,046 BTC, worth more than $341 million at current prices. The purchase follows Metaplanet's recent

By Albert Morgan Apr 1, 2025
California Amends Digital Assets Bill to Include Bitcoin Rights for 39.4 Million Residents

Bitcoin

California Amends Digital Assets Bill to Include Bitcoin Rights for 39.4 Million Residents

California Democrat Avelino Valencia has amended a money transmission bill to focus on Bitcoin and cryptocurrency rights. The changes could benefit the state's 39.4 million residents by securing crypto self-custody rights and other protections. Assembly Bill 1052 was introduced on February 20, 2025, as the Money Transmission

By Albert Morgan Mar 31, 2025
BlackRock CEO Warns Dollar Could Lose Reserve Currency Status to Bitcoin

Bitcoin

BlackRock CEO Warns Dollar Could Lose Reserve Currency Status to Bitcoin

BlackRock CEO Larry Fink has warned that the US dollar risks losing its world reserve currency status to digital assets like bitcoin if the United States fails to control its debt. In his annual letter to investors on Monday, Fink pointed out that while the US has long enjoyed the

By Albert Morgan Mar 31, 2025
Brazil Considers Adding Bitcoin to National Reserves

Bitcoin

Brazil Considers Adding Bitcoin to National Reserves

A high-ranking official from President Lula's administration has voiced support for adding Bitcoin to Brazil's national reserves. Pedro Giocondo Guerra, chief of staff to Vice President Geraldo Alckmin, made these comments during a recent congressional event, describing the potential move as valuable for the country'

By Albert Morgan Mar 29, 2025
South African Bitcoin Ekasi Project Transforms Township Economy

Bitcoin

South African Bitcoin Ekasi Project Transforms Township Economy

Founded in August 2021, Bitcoin Ekasi continues to grow in a township in Mossel Bay, South Africa. The project creates a circular Bitcoin economy in the community, where "Ekasi" is Afrikaans slang for "township." Its success builds on relationships established by The Surfer Kids, a non-profit

By Albert Morgan Mar 29, 2025
South Carolina Ends Legal Action Against Coinbase As State Considers Bitcoin Reserves

Bitcoin

South Carolina Ends Legal Action Against Coinbase As State Considers Bitcoin Reserves

South Carolina has dismissed its lawsuit against Coinbase regarding its staking services, according to a joint stipulation filed on March 27. The state joins Vermont in dropping legal action that had accused the crypto exchange of offering unregistered securities. "South Carolina just joined Vermont to dismiss its unfounded staking

By Albert Morgan Mar 28, 2025
French State Bank Announces €25 Million Crypto Investment Fund

Bitcoin

French State Bank Announces €25 Million Crypto Investment Fund

France's state-owned public investment bank Bpifrance has revealed plans to accelerate its crypto investment strategy with a €25 million ($27 million) fund dedicated to digital assets. The announcement comes as part of a broader effort to support French companies and venture capitalists in the blockchain industry. The bank

By Albert Morgan Mar 28, 2025
BitcoinOS to Launch Alpha Mainnet for Digital Ownership Platform

Bitcoin

BitcoinOS to Launch Alpha Mainnet for Digital Ownership Platform

Edan Yago, founder of Sovryn and BitcoinOS, is developing a system to transform Bitcoin into a platform for digital ownership. Born into a family of Holocaust survivors and raised in South Africa, Yago's early experiences smuggling gold coins out of the country between ages nine and eleven shaped

By Albert Morgan Mar 27, 2025
French Tech Firm Acquires 580 Bitcoin, Now Holds 620 BTC Worth $54.2 Million

Bitcoin

French Tech Firm Acquires 580 Bitcoin, Now Holds 620 BTC Worth $54.2 Million

The Blockchain Group has acquired 580 Bitcoin (BTC) in its largest cryptocurrency purchase to date. This purchase represents the France-based tech consulting company's third Bitcoin acquisition since it began its accumulation strategy in November 2024. The latest purchase is considerably larger than the company's previous acquisitions

By Albert Morgan Mar 27, 2025
BlackRock Expands Bitcoin Products to European Markets

Bitcoin

BlackRock Expands Bitcoin Products to European Markets

BlackRock, the world's largest asset manager, has introduced its first bitcoin exchange-traded product in Europe. The new offering, called "iShares Bitcoin ETP," is now available on exchanges in Paris, Amsterdam, and Frankfurt, according to the company's product page. The Switzerland-domiciled product represents BlackRock'

By Albert Morgan Mar 26, 2025
Congressman Khanna Reports Growing Democratic Support for Bitcoin

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Congressman Khanna Reports Growing Democratic Support for Bitcoin

Congressman Ro Khanna (D-CA) reports that Democratic politicians are increasingly supporting Bitcoin, with party members who favor the cryptocurrency growing from about 10 to nearly 80 in recent years. Khanna made these remarks at the Bitcoin Policy Institute's Bitcoin for America summit on March 11, 2025, according to

By Albert Morgan Mar 26, 2025
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