News BTS
The Japanese securities giant SBI has posted record crypto-related profits as it aims to win the race to become the first crypto exchange operator in the country to list USD Coin (USDC). Per an official SBI Group announcement and a report…
Florida Republican Senator Joe Gruters has introduced a bill proposing that the state allocate a portion of its funds to Bitcoin and other digital assets as a hedge against inflation. The proposal follows similar legislative moves by other U.S. states exploring…
Maryland is moving forward with integrating Bitcoin into its financial framework. On Friday, February 7,
As economic uncertainties mount, investors are increasingly turning to gold-backed cryptocurrencies as a hedge against volatility. With gold prices nearing $3,000 per ounce, leading financial institutions, including Citi and UBS, have raised their price forecasts, further fueling demand for digital assets…
The cryptocurrency market may be approaching a local bottom, according to Felix Hartmann, founder of Hartmann Capital. In a February 8 post on X, Hartmann pointed to extended negative funding rates and widespread bearish sentiment as signs that the market could…
Coinbase, one of the world’s largest centralized cryptocurrency exchanges (CEX), now holds over $420 billion in digital assets on behalf of its users, surpassing the 21st largest bank in the United States in terms of assets under management (AUM). The milestone…
Key Takeaways CryptoQuant reports Bitcoin network activity has declined by 15% since November 2024’s record high, reaching its lowest level since February 2024. Daily Bitcoin transactions have dropped by 53%, from an all-time high of 734K in September 2024 to 346K…
Poland’s National Bank (NBP) has firmly dismissed any possibility of adding Bitcoin to its national reserves, citing concerns over security and stability. NBP President and Monetary Policy Council Chairman Adam Glapiński made the announcement during a press conference, reaffirming that the…
Russian Bitcoin miners have expressed growing concerns over a newly introduced government registry that requires them to disclose sensitive information, including cryptocurrency wallet addresses. Since its implementation in November 2024, the registry has sparked fears of potential data leaks that could…
A U.S. federal judge has sentenced Firoz Patel, the Canadian founder of the now-defunct payment platform Payza, to 41 months in prison for obstructing an official proceeding by concealing 450 Bitcoin (BTC), currently valued at over $43 million, from the federal…
Missouri Representative Ben Keathley has introduced a bill aimed at incorporating Bitcoin (BTC) into the state’s financial strategy. House Bill 1217 (HB 1217), filed on February 6, proposes the creation of a Bitcoin Strategic Reserve Fund as a hedge against fiat…
Utah is on track to becoming the first U.S. state to establish a Bitcoin reserve, following the House’s approval of the Strategic Bitcoin Reserve bill. The legislation, which allows the state to invest in digital assets, now moves to the Senate…