A Hong Kong legislator proposed adding Bitcoin to national reserves for financial stability.The plan includes using Bitcoin ETFs to attract investment and reduce market risks. A Hong Kong legislator has proposed leveraging the “one country, two systems” framework to incorporate Bitcoin into the region’s national reserves, emphasizing financial security and market stability. Wu Jiexhuang, a...
Russia is moving forward with a proposal that mandates banks and merchants to implement the digital ruble, the nation’s central bank digital currency (CBDC), via legislation introduced in the State Duma.By mandating the digital ruble, Russia could potentially lay the groundwork for embracing cryptocurrencies, specifically Bitcoin, within its financial system. A draft bill has been...
Dogecoin gains attention from Elon Musk and government initiatives, enhancing its real-world applications.Analysts predict a potential price surge, mirroring trends from Dogecoin’s 2021 rally. Dogecoin has achieved significant milestones this year, from record-breaking prices to being highlighted in high-profile discussions. The digital currency, born from a meme, is taking its role in the new financial...
Fantom’s price is trading in a narrow range, and technical indicators suggest a potential breakout or further decline.Market sentiment remains cautiously optimistic, but traders must monitor resistance levels and broader trends for clarity. Fantom (FTM) has captured attention despite a recent downtrend. It was trading at $0.7934 at press time after a 2.16% daily drop....
Dan Morehead predicts Bitcoin could reach $740,000 by April 2028 with a $15 trillion market cap.Bitcoin adoption is expected to grow from 300M users to over 5B in the next decade, driving massive growth. Dan Morehead, CEO of Pantera Capital, has made a bold forecast about Bitcoin’s future growth trajectory. By April 2028, he sees...
An analyst has tipped XRP for a parabolic surge as the asset shows signs of repeating a historical movement triggered by the potential withdrawal of the lawsuit against Ripple by the SEC.The US president-elect, Donald Trump, is reported to have started accumulating XRP alongside HBAR and BTC. A member of the Benzinga Crypto Advisory Board...
The use of clean and sustainable energy in Bitcoin mining has now exceeded 56%, surpassing the 50% benchmark set by Elon Musk for Tesla to resume Bitcoin payments.Bitcoin has often been criticized for its environmental impact; however, a positive trend is emerging as more miners are beginning to adopt renewable energy sources like solar, wind,...
Owning 0.01 BTC positions you better than most globally, given Bitcoin’s growing importance and limited supply.Dollar-cost averaging is an effective strategy to accumulate Bitcoin while maintaining discipline and building wealth gradually. In a recent video titled “Why Having 0.01 BTC is a Big Deal,” crypto expert Lark Davis made a strong case for why even...
A recent meeting between El Salvador and China has disclosed plans to promote digital connectivity and economic growth through various initiatives. El Salvador has currently accumulated more than 6000 Bitcoins, becoming the sixth country to reach this milestone. The Vice president of El Salvador, Félix Ulloa, has recently highlighted the success of its Bitcoin implementation and...
Bitcoin is closing the year with varied bullish on-chain metrics, including a high Binance stablecoin reserve.The on-chain data shows Bitcoin is primed for a bullish start in 2025. Bitcoin (BTC), the world’s leading cryptocurrency, still faces crucial tests after dropping below $100,000. Despite the recent decline, BTC price metrics are giving bulls cause for confidence....