A house committee in Utah has approved a bill allowing the state to allocate funds to invest in Bitcoin and other digital assets, and it could take effect in three months.Utah joins a heated race where each state is out to become the crypto pioneer; just yesterday, an Arizona Senate Committee approved a bill to...
CME Group leads crypto exchanges while managing $1.4 trillion in futures trading.Global crypto exchanges hold $1.2 trillion and serve 500 million users worldwide. The cryptocurrency exchange landscape has radically transformed as traditional financial powerhouses cement their positions in digital assets. CME Group, the Chicago-based derivatives exchange founded in 1898, has secured the top position in...
Rep. John M. Cabello has filed a Strategic Bitcoin Reserve Act (HB1844) with the Illinois House to formally recognize Bitcoin as a state financial asset. Similarly, Indiana has introduced a bill to explore how blockchain technology could significantly improve data security, consumer experience, etc. while permitting funds to be invested in Bitcoin ETFs. In a previous...
The Fed’s decision to maintain interest rates at 4.25%-4.5% aligns with its cautious approach, despite Trump’s push for rate cuts.Bitcoin and the broader crypto market remained stable, with investors now focusing on Powell’s guidance and future Fed policy shifts. Following CNF’s earlier report on US Fed and rump administration set to influence Bitcoin’s price in...
A major exploit in the Sui network led to the theft of 6.27 million SUI tokens, later laundered through Tornado Cash.The attack exposed weaknesses in Sui’s tracking tools, making it difficult to trace stolen funds and raising security concerns. Another cyberattack has shaken the cryptocurrency community. This time the Sui network has become victim to...
In just 10 days, Litecoin has seen a rise of 122,000 new holder wallets, driven by its fast transaction speeds and strong security, reflecting growing confidence.This aligns with the growing anticipation of an LTC ETF approval and the rising number of LTC ETF filings, both of which could greatly enhance the cryptocurrency’s value. Litecoin (LTC),...
X teams up with Visa to launch the X Money Account, offering secure instant transactions, challenging traditional banking.X Payments LLC holds 49 state licenses, setting the stage for nationwide expansion and compliance with financial regulations. X (formerly Twitter) has partnered with Visa to roll out the X Money Account. The announcement came from CEO Linda...
On January 27, the Arizona Senate Finance Committee approved a bill that would permit public funds to be invested in Bitcoin and other digital assets, with a 5 to 2 vote.If approved, the bill introduced by Senator Wendy Rogers and Representative Jeff Weninger will make Arizona the first state in the U.S. to allow the...
Japan’s Metplanet has announced a new campaign to raise $745 million to expand its Bitcoin holdings as it cements its position as “Asia’s MicroStrategy.”The company is in the top 20 largest BTC holders and has pledged to raise its holdings from 1,800 to over 10,000 by the end of the year in an ambitious “Bitcoin-first,...
Institutional investors added $1.9B to crypto after Trump’s Bitcoin-related executive orders.Bitcoin captured $1.6B of all inflows, while Ethereum secured $205M in investments. Recent presidential executive orders regarding Bitcoin have triggered a substantial wave of institutional investment in digital assets, with investment vehicles attracting $1.9 billion in the past week alone. This surge has pushed year-to-date...