Senator Cynthia Lummis recently introduced a new piece of legislation that has the potential to significantly impact the economic landscape of the United States. The bill aims to establish a Bitcoin strategic reserve for the US, with the goal of accumulating at least 1 million BTC, which represents 5% of the total Bitcoin supply. The
Investing
Marathon Digital, a leading Bitcoin mining company, has made a bold move by investing a substantial $100 million in BTC. This recent investment highlights the company’s confidence in the long-term potential of Bitcoin, despite previous price fluctuations in the market. The press release published by MARA (formerly known as Marathon Digital) announced the purchase of
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
Dalmas Ngetich, a seasoned crypto reporter, has made a significant impact on the crypto industry with his unique perspective and expertise. With a specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, Dalmas stands out in the field. His background in mechanical engineering and over a decade of experience in journalism has equipped him
Dalmas, a seasoned crypto reporter, has been able to bring a unique perspective to the industry through his specialization in NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years. His
The past week has been filled with excitement in the cryptocurrency market, with Bitcoin making significant waves. Despite not being the top performer, Bitcoin managed to surge by a whopping 11% in the past seven days. The price of Bitcoin has been on a mostly upward trajectory since July 14th, reaching new highs along the
The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, setting the stage for five Spot ETH ETFs to make their debut in the cryptocurrency market. The confirmation came through a new issue notification on the CBOE’s website on July 19, indicating that the trading of Spot ETH ETFs
In a recent development, a US court has granted Binance US the permission to invest a portion of its customer fiat funds, currently held at BitGo, in US Treasury Bills. This decision comes after the exchange requested the court’s approval to invest around $40 million in $10 million increments over a span of four weeks.
Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years.
The world of cryptocurrency and digital assets has witnessed a dramatic surge in lobbying expenditures over the past seven years, according to a recent study conducted by Social Capital Markets. The study found an astonishing 1,386% increase in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to a staggering $40.42 million in