Swedish MP Calls for Bitcoin as a National Reserve Asset Recently, Swedish MP Rickard Nordin made a bold proposal. He wants Bitcoin included in Sweden’s national foreign exchange reserves. This move could position Sweden as a digital asset pioneer. Furthermore, it may strengthen financial stability through diversification. Nordin suggests acquiring Bitcoin through seized assets or […]
The new bridge between Bitcoin and Cardano, called BitcoinOS Grail, is set to revolutionise the blockchain landscape. This innovative bridge enables secure and swift data exchange while enhancing the liquidity of both blockchains. After months of speculation and anticipation within the Cardano community, the long-awaited expansion has materialised. EMURGO, the commercial arm of Input Output […]
MicroStrategy, under the leadership of co-founder and chairman Michael Saylor, has expanded its Bitcoin holdings once again. The business intelligence software giant made a significant investment of $1.1 billion, acquiring 18,300 Bitcoin (BTC) at an average price of $60,408 per Bitcoin. This purchase underscores the company’s ongoing commitment to its Bitcoin accumulation strategy. Largest Bitcoin […]
Bitcoin – the cryptocurrency world often draws attention for its market volatility and investment potential. Yet, its true power lies in its underlying technology, which many advocates believe is its most valuable aspect. Bitcoin: More Than a Currency Bitcoin is typically viewed solely as a digital currency or an investment asset. However, it’s crucial to […]
Johnny Ng’s Vision for Bitcoin and Web3 in Hong Kong Johnny Ng, a member of Hong Kong’s Legislative Council, plans to position Hong Kong as a leader in Bitcoin and Web3 technologies. He intends to assess the feasibility and benefits of integrating Bitcoin into Hong Kong’s financial reserves. Ng emphasizes that these measures could further […]
Wells Fargo and Bank of America’s Merrill Lynch have made a notable entry into the crypto market. They now offer select wealth management clients access to Bitcoin Exchange-Traded Funds (ETFs) according to Bloomberg Law. This move is indicative of a significant shift in the traditional finance sector’s approach to cryptocurrencies. Wells Fargo and Merrill Lynch […]
In the dynamic realm of cryptocurrency, Bitcoin stands as a beacon of innovation and volatility. Recent insights shared by Hunter Horsley, CEO of Bitwise Invest, shed light on what he terms Bitcoin’s ‘IPO moment,’ a concept that holds profound implications for the cryptocurrency’s price trajectory and market dynamics. Understanding Bitcoin’s ‘IPO Moment’ Horsley’s observations are […]
Ethiopia’s ascent as a leading destination for crypto mining is underscored by its abundant hydropower resources and strategic partnerships with Chinese bitcoin miners. The recent agreements between Ethiopia’s state power company and 21 bitcoin miners signal the nation’s emergence as a key player in the global mining landscape. Strategic Partnerships and the GERD Factor Ethiopia’s […]
DZ Bank has taken a significant step towards creating a central retail offering for direct cryptocurrency trading. This year, the bank will enter into a pilot phase for retail trading of cryptocurrencies with selected cooperative banks. Partnership and Implementation In an interview with Bloomberg News, Souad Benkredda, a member of the DZ Bank board responsible […]