In a surprising turn of events, the Republican representative for Wyoming proposed the creation of a strategic Bitcoin reserve during the Bitcoin 2024 Conference. This proposal aims to diversify the country’s assets into Bitcoin and establish a secure financial future. The idea behind this reserve is to strengthen the dollar’s position as the global reserve
Crypto
Wong Ching-kit, also known as the “Coin Young Master,” has recently gained attention from the International Criminal Police Organization (Interpol) due to his suspected involvement in multiple criminal cases, including a cryptocurrency scam worth over HK$3 million. This 30-year-old Hong Kong native has a troubled past, having been previously convicted of theft and disorderly conduct
Meme coins have been causing quite a stir in the cryptocurrency market, with traders seeing massive gains in a short amount of time. One such example is Pepe (PEPE), which has seen its valuation skyrocket by almost 800% in the past year. A trader who bought 170.2 billion PEPE coins back in October of last
In the midst of the crypto bull run of 2021, non-fungible tokens (NFTs) and the cryptocurrencies associated with them took center stage. This trend brought about a surge of interest and investment in the space, leading to the creation of numerous NFT-related coins. Despite the waning enthusiasm, the total market capitalization of NFT-related cryptocurrencies still
As the upcoming US presidential elections draw near, the candidates in the spotlight include Donald Trump, Kamala Harris, Robert Kennedy, and others. Recent polls indicate that Trump and Harris are the front-runners, with Kennedy lagging behind with less than 10% of the voters’ support. The political tension is on the rise as Americans prepare to
Ferrari, the iconic Italian luxury sports car manufacturer, has recently announced plans to expand its cryptocurrency payment system. This expansion is set to take place in its network of European dealers starting from the end of July. Furthermore, Ferrari aims to extend its crypto transaction options to additional countries in its global dealership network by
The recent launch of spot Ethereum ETFs has left many investors disappointed, especially when compared to the successful launch of spot Bitcoin ETFs earlier this year. While the initial day showed promise with over $106 million in net flows, the following days saw a concerning trend of outflows, with more than $341.8 million being pulled
The launch of Ethereum exchange-traded funds (ETFs) on US stock exchanges this year was met with anticipation. However, the initial trading days left much to be desired. Despite the greenlight from the US Securities and Exchange Commission and substantial inflows on the first trading day, the following days saw significant outflows, particularly from Grayscale’s ETHE.
Jan van Eck, the CEO of the investment management company VanEck, made headlines at the BTC Conference in the States by revealing that more than 30% of his portfolio is allocated to Bitcoin. This move is significant considering that VanEck is known for launching spot Bitcoin ETFs earlier this year, with the HODL ETF currently
Kennedy suggests that the federal government should invest in Bitcoin until its value matches that of the country’s gold reserves. The current US gold reserves are estimated at 8,133 tonnes, valued at approximately $615 billion. This proposed investment would translate to around 9.4 million BTC, which is almost 45% of the total Bitcoin supply. Kennedy
