President Trump has signed an executive order to establish a strategic reserve of cryptocurrencies by using tokens already owned by the government. A “Strategic Bitcoin Reserve” will be capitalized with bitcoin owned by the federal government that was seized as part of criminal or civil asset forfeiture proceedings, the White Read more…
Despite a January announcement that America would explore the idea of a national digital asset stockpile, the exact cryptocurrecies weren’t specified. Today on social media the president posted that it would include bitcoin, ether, XRP, Solana’s SOL token and Cardano’s ADA, reports CNBC — prompting a Sunday rally in cryptocurrencies Read more…
After finalizing loan terms with the IMF, El Salvador’s Legislative Assembly approved changes to the country’s Bitcoin Law last week by a 55-2 vote, “effectively removing bitcoin’s status as legal currency,” reports Reason. Under the new rules, bitcoin is no longer considered “currency,” though it remains “legal tender.” Another change Read more…
The Russian government has banned crypto mining in ten regions for a period of six years, according to reporting by the state-owned news agency Tass. Russia has cited the industry’s high power consumption rates as the primary reason behind the ban. Crypto is particularly power-hungry, as mining operations already account Read more…
Bitcoin just broke $100,000 USD for the first time and reached as high as $104k, and is now sitting at $102,857 at the time of this writing.
11 years ago his hard drive ended up in a U.K. landfill — with 8,000 bitcoin. It’s now worth $800 million… and James Howell wants it back. His bid to become extremely rich reached a judge on Tuesday with a team of lawyers arguing that it was still possible to Read more…
Bitcoin surged over 9.2% to an all-time high of over $74,200 on Tuesday evening as early results showed favorable outcome for Republican candidate Donald Trump, who has promised crypto-friendly policies if he wins.