The former and prospective United States president made the announcement at the Bitcoin 2024 conference in Nashville, Tennessee. Source: https://cointelegraph.com/news/trump-implement-bitcoin-strategic-reserve-elected-president?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Zambia De-Dollarization: Central Bank Seeks to Enforce Kwacha as Sole Legal Tender for Domestic Transactions
The Bank of Zambia has defended its de-dollarization plans but also seeks input from stakeholders who oppose the proposal. The central bank governor clarified that they are not proposing anything new; instead, the bank aims to enforce existing laws designating the kwacha as the sole legal tender for domestic transactions. Zambia’s Central Bank Seeks Input […] Source: https://news.bitcoin.com/zambia-de-dollarization-central-bank-seeks-to-enforce-kwacha-as-sole-legal-tender-for-domestic-transactions/
Bitcoin Beach co-founder claims Bitcoiners want to move families to El Salvador
The Bitcoin-friendly area of El Salvador has attracted many visitors using crypto, but are people considering moving themselves and their children abroad? Source: https://cointelegraph.com/news/el-salvador-bitcoiner-moving-bitcoin-beach?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Edward Snowden Highlights Political Pitfalls and Privacy Issues in BTC at Bitcoin 2024 Event
The renowned whistleblower Edward Snowden, former CIA and NSA contractor, delivered a powerful speech emphasizing the pitfalls of political allegiance and the privacy concerns surrounding Bitcoin. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden’s Bitcoin 2024 Keynote: Vote Independently and Beware of Bitcoin’s Privacy Risks During his keynote […] Source: https://news.bitcoin.com/edward-snowden-highlights-political-pitfalls-and-privacy-issues-in-btc-at-bitcoin-2024-event/
Bitcoin Policy Group Urges UK to Retain Bitcoin Holdings
The Bitcoin Policy Group has issued a warning to the United Kingdom, advising against the sale of its 61,000 bitcoins. The group argues that maintaining these holdings is crucial for the nation’s economic strategy and future financial stability. U.K. Urged to Retain 61,000 Bitcoins by Bitcoin Policy Group In their letter, the Bitcoin Policy Group […] Source: https://news.bitcoin.com/bitcoin-policy-group-urges-uk-to-retain-bitcoin-holdings/
Kamala Harris presents an opportunity for Democrats on crypto, say lawmakers
A letter called for the Democratic National Committee to “include pro-digital asset language” in its platform and for Kamala Harris to consider a pro-crypto running mate. Source: https://cointelegraph.com/news/democrats-kamala-harris-crypto-platform-elections?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to […] Source: https://news.bitcoin.com/rfk-jr-pledges-to-ensure-us-government-holds-4-million-bitcoins-as-strategic-reserve-if-elected-president/
Bitcoin Peaks at $69,404 as Short Liquidations Surpass $27M
The price of bitcoin (BTC) increased by 1.9% over the past day, peaking at an intraday high of $69,404 around 9 a.m. EDT on Saturday. Over the last week, BTC has climbed by 3.1% and has risen 16.8% over the past two weeks. Bitcoin’s Upward Momentum: Key Stats and Market Impact Bitcoin is gaining momentum […] Source: https://news.bitcoin.com/bitcoin-peaks-at-69404-as-short-liquidations-surpass-27m/
Cantor Fitzgerald announces $2B Bitcoin financing business
Howard Lutnick and Cantor Fitzgerald brought a reprieve from the day’s politics with a business announcement. Source: https://cointelegraph.com/news/cantor-fitzgerald-announces-2b-bitcoin-financing-business?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Spot Bitcoin ETFs See $51.66M Inflows as Grayscale’s GBTC Deals With Outflows
Unlike the U.S. spot ether exchange-traded funds (ETFs), the spot bitcoin ETF equivalents experienced inflows during Friday’s trading session, totaling $51.66 million. Four funds recorded inflows, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $26.55 million. Spot Bitcoin ETFs Garner $51.66M Grayscale’s spot ether ETF, ETHE, and its spot bitcoin ETF, GBTC, have been […] Source: https://news.bitcoin.com/us-spot-bitcoin-etfs-see-51-66m-inflows-as-grayscales-gbtc-deals-with-outflows/