In what is a huge step forward for the industry in the country, US Senator Cynthia Lummis has been appointed to chair the first-of-its-kind Senate Banking Subcommittee on Digital Assets. Yes, Lummis took to X (formerly Twitter) to share the…
Key takeaways Senator Lummis advocates a US strategic Bitcoin reserve strategy to deal with inflation concerns. The BITCOIN Act proposes that the US Treasury Secretary acquire 1 million Bitcoins over five years with a holding period of 20 years. Senator…
Ross Ulbricht’s unclaimed Bitcoin fortune, valued at $44 million, has come out of hibernation. The discovery of the Silk Road founder’s digital assets comes directly after his presidential pardon. Coinbase director Conor Grogan tracked down roughly 430 Bitcoin in multiple…
Kenya recently proposed new laws for the digital asset sector in a bid to tame the fast-growing industry, estimated to have attracted nearly 10% of the population. The new laws pushed by the country’s finance ministry could usher in a…
TLDR Goldman Sachs CEO David Solomon confirms that Bitcoin is not a threat to the US dollar, calling it a “speculative asset” Bitcoin hit new all-time high of $108,786 ahead of Trump’s inauguration Goldman Sachs has $710 million in BlackRock’s…
Upbit and Bithumb agreed to pay $2.4 million to users for network outage issues on Martial Day in South Korea. Other South Korean crypto exchanges such as Coinone, Korbit and Gopax are not responsible for any losses of their customers.…
According to $10 trillion asset manager BlackRock CEO Larry Fink, leading cryptocurrency Bitcoin (BTC) may reach $700,000 amid economic instability. In a Davos interview, the CEO praised Bitcoin as a reliable alternative in an economy plagued by fear and uncertainty.…
Key takeaways Goldman Sachs CEO David Solomon sees Bitcoin as a speculative asset, not a threat to the US dollar. Goldman Sachs explores blockchain technology applications but faces regulatory constraints in crypto involvement. Goldman Sachs CEO David Solomon dismissed Bitcoin’s…
The European Securities and Markets Authority (ESMA) has set strict deadlines for digital asset firms to limit non-compliant stablecoins under the European Union’s Crypto asset markets (MiCA) regulations no later than “at the latest” March 31. In one January 17…
Senator Cynthia Lummis has laid the groundwork for the future development of Bitcoin in the United States. As an ardent supporter of cryptocurrency, Lummis has been working very hard for years to integrate digital assets into the country’s financial system,…