MicroStrategy chairman Michael Saylor has once again stressed the importance of the US having a strategic Bitcoin Reserve. In his latest CNBC interview, Saylor said that accumulating one million Bitcoins over the next five years can help the government reduce the US national debt by a staggering $16 trillion i.e. over 45% of the existing…
Solana price has seen a significant boost since Donald Trump’s recent victory in the U.S. presidential election. Over the past month, the price of SOL has soared by more than 40%, reflecting a broader bullish trend in the cryptocurrency market. This strong performance has fueled optimism among investors, with many speculating on further gains in…
Amid the ongoing race to replace Gary Gensler as the Chairman of the US Securities and Exchange Commission (SEC), Chris Giancarlo has dispelled rumors that he’s under consideration for the job. Known as “Crypto Dad,” Chris Giancarlo’s name popped up as one of the high-profile regulators capable of replacing the US SEC chair. US SEC…
The Pennsylvania House of Representatives has drafted a bill to add a strategic Bitcoin reserve for the state. The bill has been presented by Republican Representative Mike Cabell, and this bill seeks to permit the treasury of Pennsylvania to invest up to 10% of its funds in Bitcoin. Cabell described the bill as a means…
Bitcoin (BTC) appears to be running out of steam after the latest US inflation data and speech from Fed Chair Jerome Powell speech on what the market should expect per interest rates moving forward. The Fed Chair’s statement comes about a week after the apex bank implemented its second rate cut for the year. Fed…
Shiba Inu (SHIB) price has been in a bullish rally over the last 24 hours, reaching an intraday high of $0.00002668 before encountering resistance. However, with the Federal Reserve signaling a steady stance on interest rates, some investors are now questioning whether SHIB’s rally can sustain its momentum or if a pullback is on the…
Bitfinex hacker, Ilya Lichtenstein, has been sentenced to five years in prison for his involvement in one of the largest cryptocurrency thefts in history. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022 after authorities linked them to the 2016 crypto hack of Bitfinex, resulting in the theft of 119,754 Bitcoin. Judge Colleen…
The cryptocurrency market is heating this November, spotlighting promising Ethereum tokens to buy for potentially monumental returns. Several tokens are drawing significant interest due to recent price surges, with investors eager to turn a modest $1k to $1M investment into substantial gains amid a strong market upswing. Top 5 Ethereum Tokens to Buy This Month…
Eighteen US states have filed a lawsuit against the Securities and Exchange Commission (SEC), its commissioners, and the SEC Chairman, Gary Gensler, for unconstitutional overreach and unfair persecution of the cryptocurrency industry. This lawsuit puts into sharp focus a simmering tension between federal regulators and state governments about the proper scope of regulation in the…
Republican Senator Cynthia Lummis of Wyoming is proposing a plan to sell part of the Federal Reserve’s gold holdings to fund the purchase of one million Bitcoin for a national strategic reserve. Cynthia Lummis, an ally of President-elect Donald Trump, introduced this concept as a way to increase federal Bitcoin holdings without adding to the…