Oklahoma’s Bitcoin Freedom Act aims to legalize Bitcoin payments for wages and business transactions, enhancing financial autonomy.Senator Deevers’ proposal seeks to protect income from inflation by integrating Bitcoin into daily financial operations in Oklahoma. Oklahoma Senator Dusty Deevers has presented the “Bitcoin Freedom Act” (SB325), a breakthrough piece of legislation that seeks to legitimize Bitcoin...
U.S.-based Bitcoin reserves now exceed international holdings by 65%, driven by rising institutional and retail interest since late 2024.Corporate players like MicroStrategy and smaller firms fuel Bitcoin’s growth, even as prices correct from peaks above $100,000. U.S. entities now dominate Bitcoin adoption, holding a record share of the crypto reserves. Ki Young Ju, CEO of...
The US Senate Banking Committee is set to create the first-ever crypto-focused subcommittee similar to the version created in the House Financial Services Committee in 2023.Senator Cynthia Lummis is set to chair the subcommittee with voting scheduled next Thursday. The new US administration lays its initial foundation to provide clarity for the crypto industry as...
Russian authorities are selling 1,032 seized Bitcoin after a corrupt investigator seized them as bribes from hackers.The former investigator got 16 years in prison, and authorities are now going after his other assets. Russian bailiffs have initiated liquidating over 1,032 Bitcoin, valued at approximately one billion rubles, following the conviction of former high-ranking investigator Marat...
Fidelity Digital Assets has unveiled its report, offering an optimistic outlook for the crypto market in 2025, while Matt Hogan highlights the potential risks nations could face by not embracing Bitcoin.The report outlines three key trends transforming the crypto space: the growing adoption of Bitcoin, significant upgrades to Ethereum, and the rise in stablecoin adoption....
The FTX bankruptcy estate disputes Backpack’s claim that it can return funds to former FTX EU customers, and it says Backpack was not authorized to do so.Backpack insists it legally acquired FTX EU and received regulatory approval, but the FTX estate maintains that fund distribution must follow the court-approved process. The FTX bankruptcy estate has...
A social media poll by Michael Saylor shows 77.7% of participants plan to increase their Bitcoin holdings in 2025. Microstrategy aims to raise $42 billion through its new “21/21 Plan” to buy more Bitcoin. It currently holds 446,400 BTC worth approximately $27.9 billion. A recent social media poll by Microstrategy’s Executive Chairman, Michael Saylor, revealed substantial...
European banks are launching crypto trading under MiCA, and major institutions like BBVA are leading the way.Rising demand and clear regulations drive banks to integrate digital assets into traditional finance. European banks are now on a new level in adopting cryptocurrencies, as the top players plan to start trading services. MiCA regulation is now fully active,...
Crypto analyst StephisCrypto has generated discussion in the crypto community by comparing Bitcoin’s rise from $2 in 2012 to $1,200 in 2014 to the potential for XRP to follow a similar path.XRP has the potential to replicate Bitcoin’s growth due to two key factors: the expected approval of XRP-based ETFs, mirroring Bitcoin’s approval in January...
The U.S. dominates over 40% of Bitcoin’s global hashrate, with Foundry USA as a leading mining pool.Texas contributes over 28% of U.S. hashrate, leveraging renewable energy for sustainable Bitcoin mining operations. Comprising over 40% of the overall hashrate of the network, the United States has confirmed its leadership in Bitcoin mining worldwide. The movement of...