The idea of the federal government investing in Bitcoin has recently gained momentum, with Kennedy proposing that the government should buy Bitcoin until its holdings match the value of the nation’s gold reserves. This proposal raises several important questions about the future of currency and the role of governments in the digital age. Kennedy’s proposal
digital assets
Jan van Eck, the CEO of the investment management company VanEck, recently shared his thoughts on Bitcoin’s potential during the BTC Conference in the United States. He emphasized that over 30% of his portfolio is allocated to the primary digital asset, showcasing his strong belief in its future. VanEck is known for launching spot Bitcoin
Robert Kennedy Jr., during the industry day of the annual Bitcoin conference in Nashville, Tennessee, presented a bold financial policy plan that aims to position the United States as the largest holder of Bitcoin globally. His strategy involves acquiring Bitcoin worth $619 billion to match the current US gold reserves, with the goal of reforming
The crypto industry has been facing various challenges under the current administration, as discussed by Andreessen Horowitz founders Ben Horowitz and Marc Andreessen. They openly criticized the Biden-Harris Administration’s handling of the cryptocurrency sector, pointing out regulatory hurdles that are hindering innovation and growth. The lack of clear guidance from the Securities and Exchange Commission
Recently, the Russian State Duma passed a bill legalizing Bitcoin mining and allowing the use of cryptocurrency for international trade. This bill, which has been in the works for a few years, is expected to come into effect on September 1st, pending final approval. The legislation aims to address the challenges faced by Russian banks
Crypto exchange Bitstamp has taken a significant step towards returning recovered digital assets to creditors of the now-defunct Mt. Gox exchange. This development marks a crucial milestone in the decade-long struggle to compensate those impacted by the notorious 2014 hack that eventually led to the collapse of Mt. Gox. Bitstamp is just one of the
The United States House of Representatives recently made a significant move by unanimously passing the Financial Technology Protection Act. The bill, introduced by Representative Zach Nunn in April 2023, aims to combat the use of digital platforms for illicit activities and terrorism financing. This legislation was approved on July 22, 2024, highlighting the government’s commitment
Cryptocurrency has been a hot topic in the investment world, with Bitcoin being at the forefront of this digital currency revolution. As the value of Bitcoin continues to fluctuate, investors are looking for new ways to profit from its price movements. In a groundbreaking move, Hong Kong will be launching Asia’s first Bitcoin futures inverse
The investment in digital asset products has been on the rise, with inflows reaching $1.35 billion last week alone. This surge has contributed to a total of $3.2 billion in inflows over the past three weeks, indicating a growing interest in the digital asset market. Shift in Investor Sentiment The latest edition of CoinShares’ Digital
The Digital Chamber recently sent a letter to Vice President Kamala Harris urging her to adopt a forward-looking approach to digital assets and blockchain technology. The Chamber emphasized the immense potential of these technologies for innovation, economic growth, and financial inclusion. Despite the support for the industry among key Democratic leaders, there is a public