Senator Cynthia Lummis (@CynthiaMLummis) to propose a bill at Bitcoin 2024 requiring the Federal Reserve to hold Bitcoin as a strategic reserve asset. This historic move aims to strengthen U.S. financial reserves and boost cryptocurrency adoption. #Bitcoin #Update
Sen. Cynthia Lummis will propose legislation to designate Bitcoin as a strategic reserve asset at the Bitcoin 2024 conference. If passed, this bill could see the Federal Reserve holding Bitcoin, enhancing U.S. financial stability. #Bitcoin2024
? Major news! The Bitcoin Conference in Nashville, July 25-27, will feature key speakers like Donald Trump and Robert F. Kennedy Jr. Trump now supports Bitcoin and accepts crypto for his campaign. Expect discussions on crypto’s future and policy impact. #BitcoinConference2023
Bitstamp begins distributing $BTC, $BCH, and $ETH to Mt. Gox creditors, ending a decade-long wait for 20,000 investors. This follows Bitcoin’s rise from $600 in 2014 to about $51,000 today. Over $9 billion in cryptocurrencies are being returned. #CryptoNews
Bitstamp will distribute $BTC, $BCH, and $ETH from Mt. Gox to hack victims starting July 25. Reportedly, 2,619 $BTC worth $172M was moved to Bitstamp, while 32,371 $BTC valued at $2.13B went to an unlabeled wallet. #Update
Proton, the Swiss privacy company, launched Proton Wallet, a self-custody wallet for $BTC. It lets users send Bitcoin via email and buy BTC in 150+ countries. Security features include 2FA and Proton Sentinel. #CryptoNews
Crypto.com celebrates its 8th anniversary by launching a groundbreaking Bitcoin ad on the MSG Sphere in Las Vegas. This makes Bitcoin the first cryptocurrency to be featured on the 54,000 sqm LED screen, underscoring its mainstream acceptance. #Bitcoin #Update
Europol’s April 2024 IOCTA report highlights Bitcoin’s dominance in cybercrime, especially in fraud and money laundering. It also notes a rise in the use of stablecoins like $USDT and privacy-focused currencies like Monero. New AML regulations aim to counteract these trends. #Update
Fold, a Bitcoin fintech firm, plans to go public via a merger with FTAC Emerald Acquisition valued at $365M. The deal, expected to close in Q4, will make Fold the first Bitcoin-powered financial services company. #Bitcoin #Update
Bitcoin could hit $100K soon, says Ding Chen, CEO of CSOP Asset Management, driven by Trump’s expected major announcement at the Bitcoin Conference. CSOP launches Asia’s first inverse Bitcoin ETF in Hong Kong, letting investors profit from BTC declines. Despite outflows, institutional interest stays strong. #Bitcoin
Bitcoin ETFs and exchanges now impact the market up to 8x more than miners, with CEXs holding 3M BTC and ETFs 887K BTC. Miners hold 705K BTC. $BTC nears $68,500, eyeing the $70K barrier. #Bitcoin #Update
Bitcoin ($BTC) dropped nearly 1% in 24 hours, now at $66,418. Recent Mt Gox repayments of 37,477 BTC ($3B) spooked the market. Total repayment of 140,000 BTC will impact sentiment. Hong Kong’s new BTC futures product adds pressure. Despite this, network fundamentals remain robust. #Update
Swiss tech company @ProtonMail launches Proton Wallet, a self-custody Bitcoin wallet on web, Android, and iOS. It enables Bitcoin transactions via email, even without Proton Mail, and offers onramps in 150+ countries. #CryptoNews #Update
Mt. Gox moves $2.47B in Bitcoin to @Bitstamp as part of creditor repayments. 32,371 BTC worth $2.13B sent to a new address, 5,106 BTC valued at $336.61M to Mt. Gox Cold Wallet. $BTC stable at $66,360. #Update
