The U.S. Congress is actively deliberating on a groundbreaking bill that could pave the way for the Federal Reserve to hold Bitcoin as a strategic reserve asset. Spearheaded by Senator Cynthia Lummis (R-WY), the proposal has ignited debates over the role of cryptocurrency in national finance and monetary policy. In a recent interview with Yahoo…
As Donald Trump prepares to take office in 2025, the Digital Chamber, a leading blockchain advocacy group, is calling for significant changes in the U.S. Securities and Exchange Commission's (SEC) approach to cryptocurrency regulation. The organization highlights the need for a reset in the historically strained relationship between the SEC and the digital asset industry,…
Hacking incidents in the cryptocurrency sector surged alarmingly in 2024, with total stolen funds reaching $2.2 billion, according to blockchain analytics firm Chainalysis. The figures highlight a 21.07% year-over-year increase compared to the $1.8 billion stolen in 2023. Reported incidents also grew, rising from 282 in 2023 to 303 in 2024. Intense hacking activity characterized…
Bitcoin fell sharply below $98,000 on Thursday as the U.S. Federal Reserve’s surprisingly hawkish policy outlook weighed on the broader cryptocurrency market. The world’s largest digital asset, which had approached record territory earlier this month, was trading at just above $97,000 in afternoon trading, reflecting lingering investor caution following a rate decision that signaled fewer…
Bitcoin has already offered unparalleled returns to believers this year – but the coming year will likely prove just as rewarding for them, as per Sid Powell – the chief executive of Maple Finance. Powell forecasts the world’s largest cryptocurrency by market cap to double from current levels on the back of institutional interest in…
BlackRock's gold ETF, a pioneer in commodity-based funds, took an impressive 20 years to amass $33 billion in assets under management (AUM), establishing itself as a cornerstone for traditional investors seeking exposure to gold. However, the financial giant's Bitcoin ETF is rewriting the record books. In less than a year, this fund has nearly doubled…
World Liberty Financial (WLFI), a decentralized finance project backed by former U.S. President Donald Trump, has exchanged its entire position in Coinbase’s wrapped Bitcoin variant, cbBTC, for WBTC, a long-established alternative. The strategic pivot, involving a $10.4 million swap of cbBTC for approximately 103.15 WBTC, highlights WLFI’s alignment with a more decentralized governance structure at…
Bitcoin’s trajectory for the next 18 months looks promising, with Bitfinex analysts forecasting the cryptocurrency could hit $200,000 by mid-2025. In a December 17 market report, the analysts attributed this bullish outlook to increasing institutional adoption, which is expected to create robust demand and keep price corrections brief and relatively mild. Institutional Demand Drives Optimism…
El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund (IMF), which includes significant changes to its Bitcoin policies. As part of the deal, the country will make Bitcoin acceptance by merchants voluntary, scale back government involvement in Bitcoin-related projects, and restrict public sector use of the cryptocurrency. Key Terms of…
Dogecoin has outperformed its peers as the meme-inspired cryptocurrency unleashed a late 2024 rally that can only be described as phenomenal. Experts suggest the DOGE rally is just getting started. The meme coin has nearly tripled since election day on the back of optimism that Donald Trump will deliver on his promise of pro-crypto policies…