Mayor Ken Sim’s proposal to integrate Bitcoin into Vancouver’s financial operations has been approved for extensive exploration. Those who opposed the motion cited issues of environmental concerns and the use of digital assets for money laundering. Vancouver is taking significant steps towards crypto adoption, as the Vancouver City Council approved a motion to explore Bitcoin integration...
The crypto market is poised for growth, with Bitcoin and altcoins continuing their upward trends amid normal retraces.Bitcoin’s long-term targets include $122,000 and $133,000, with significant market peaks expected by the end of 2025. In a post on TradingView, popular crypto analyst Alan Santana predicts that the cryptocurrency sector, particularly altcoins, will continue to grow....
U.S. inflation (CPI) and labor data significantly impact Bitcoin, with higher inflation bolstering its appeal as a hedge and weak labor figures supporting its safe-haven role.Mixed signals from economic data could increase Bitcoin’s volatility, as investors evaluate Federal Reserve policies and market risk dynamics. Bitcoin investors are closely monitoring two major U.S. economic reports this...
Indicators like RSI, NUPL, and MVRV-Z show Bitcoin’s (BTC) current cycle is far from reaching its peak.Historical patterns suggest Bitcoin’s potential for further growth remains strong, supported by multiple technical indicators. In a recent video, crypto analyst Lark Davis asserted that Bitcoin’s current cycle high is not even close, despite market skepticism. Davis clarified why...
Argentina plans free currency circulation in 2025, including Bitcoin, to enhance economic flexibility and digital integration.Javier Milei proposes cutting 90% of national taxes and decentralizing fiscal policies for regional autonomy. As Argentine President Javier Milei begins his second year in office, he has outlined ambitious intentions to further restructure the country’s economy. Milei boldly said...
Alabama may create a Bitcoin reserve to boost its economy and attract crypto businesses.State Auditor Sorrell sees Bitcoin as a safeguard against inflation and a growth opportunity. State Auditor Andrew Sorrell has called for the establishment of a strategic Bitcoin (BTC) reserve for the state of Alabama, with the goal of establishing the state as a...
On December 12, Texas Representative Giovanni Capriglione introduced a bill aimed at establishing a Strategic Bitcoin Reserve, which could potentially position the state as a leader in cryptocurrency innovation in the US.Giovanni filed the Texas House Bill 1598 during an X space event hosted by Dennis Porter, founder of the non-profit advocacy group Satoshi Action...
Riot Platforms boosts Bitcoin holdings by acquiring 5,117 BTC for $510 million, showcasing confidence in cryptocurrency’s future.Riot plans to issue $500M convertible notes by 2030 to enhance reserves and secure its market position. Riot Platforms made a huge move in the Bitcoin mining sector by announcing the acquisition of approximately 5,117 BTC between December 10...
El Salvador is nearing a $1.3 billion IMF deal, revising its Bitcoin policy to optional acceptance for businesses.The country holds 5,960 BTC and continues buying 1 BTC daily, highlighting its commitment to cryptocurrency. El Salvador is reportedly close to signing a $1.3 billion loan arrangement with the International Monetary Fund (IMF), which is likely to...
MicroStrategy’s total Bitcoin holdings have surged to 423,650 BTC, solidifying its position as the leading institutional Bitcoin holder in 2024.Institutional adoption, driven by major players like BlackRock and MicroStrategy, underscores a bullish outlook for Bitcoin’s long-term potential. MicroStrategy has once again doubled down on Bitcoin, purchasing an additional 21,550 BTC for $2.1 billion at an...