North Carolina Considers Bill to Invest Public Funds in Bitcoin ETFs
North Carolina joins the trend of states considering investments into digital assets, only this bill is focused on Bitcoin ETFs.
North Carolina joins the trend of states considering investments into digital assets, only this bill is focused on Bitcoin ETFs.
Uncertainty has dominated Bitcoin and the broader crypto market over the past few weeks, leaving investors anxious about the short-term direction. Bitcoin has struggled to reclaim the psychologically significant $100K mark while also managing to hold above key demand levels near $96K.
A solo Bitcoin miner defied the odds, successfully mining an entire Bitcoin block and securing a $300K reward. This rare occurrence highlights the challenges of bitcoin mining as large pools dominate the network, reducing the chances for independent miners to achieve similar success. The post Solo Bitcoin Miner Has Mined An Entire Bitcoin Block Worth $300K appeared first on Cryptonews.
Kiyosaki predicts a major market crash in 2025, calling it the “Greatest Depression.” He recommends investing in gold, silver, Bitcoin, and real estate to protect wealth.
North Carolina lawmakers have introduced a bill allowing the state treasurer to invest up to 10% in Bitcoin (BTC) and other qualifying digital assets.
Bitcoin (BTC) balances on OTC desks are getting depleted, sinking to an all-time low. Demand for BTC is slowing, but still at a higher baseline, as whales keep accumulating.
Bitcoin has endured a volatile and bearish week, marked by extreme price swings and uncertainty. Last Monday, the cryptocurrency experienced a sharp drop of over 9% in less than 24 hours, only to recover 11% a few hours later, showcasing the unpredictability of the market.
A bill was introduced in the North Carolina House of Representatives on Monday to allow the state treasurer to invest in qualified digital assets to create a reserve fund. Although the bill does not mention Bitcoin, it is the only cryptocurrency that would qualify under the provisions of the bill.
Ethereum-related funds outpaced Bitcoin for the first time this year after investors last week saw a buying opportunity for the coin.
Bitcoin's (BTC) market behavior continues to evolve, with recent trends suggesting it is being treated more as a risk-on asset than a traditional store of value, according to a new report from Bitfinex.
An analyst has pointed out how the Bitcoin Tom Demark (TD) Sequential has just given a signal that could be bullish for the asset's price. Bitcoin TD Sequential Is Flashing A Buy Signal Right Now In a new post on X, analyst Ali Martinez has discussed about the TD Sequential signal that has just formed for Bitcoin on its daily chart.
Renowned author and investor Robert Kiyosaki has warned of a possible financial market crash this year. He restated this position after publishing the scenario in 2014, citing several economic woes.
Not too long ago, transaction fees on the Bitcoin blockchain stood notably higher than they do now. A low-fee window is prime for consolidating or moving UTXOs (unspent transaction outputs) to optimize costs and ready yourself for times when fees increase.
The chief executive of stablecoin issuer Tether (USDT) says that quantum computing will allow hackers to steal Bitcoin (BTC) from lost wallets.
Bill Barhydt, the CEO of crypto investment firm Abra Global, recently took to the X social media platform (aka Twitter) to stir the BTC community with a bold Bitcoin price prediction.
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So far, 27 States have joined the race to establish state-level Bitcoin and crypto reserves by introducing Bitcoin reserve bills. According to Bitcoin on-chain data aggregator Bitbo, the states proposed to invest up to 10% of their state funds in Bitcoin and crypto reserves.
Cryptocurrency markets are trading slightly up on Monday, with speculation surrounding the odds for the approval of altcoin ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,303.56 +1.1% Ethereum (CRYPTO: ETH) $2,672.76 +1.4% Solana (CRYPTO: SOL) $202.19 +0.99% XRP (CRYPTO: XRP) $2.43 +0.9% Dogecoin (CRYPTO: DOGE) $0.2538 +1% Shiba Inu (CRYPTO: SHIB) $0.00001584 +0.99% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 0.8% and daily active addresses down by 2.5%.
On today's episode of CNBC Crypto World, bitcoin and ether trade mostly unchanged as investors weigh more threats of tariffs from President Trump. Plus, Strategy buys millions more bitcoin as the company's holdings grow to $46 billion dollars in today's prices.
Strategy acquired an additional 7,633 BTC and elevated its unrealized profit to over $17 billion on Feb. 9. Meanwhile, Metaplanet reported that 85% of its 2024 net income was attributed to Bitcoin (BTC) holdings, with nearly $36 million in unrealized profits.
North Carolina has taken a major step toward integrating Bitcoin into state financial strategies. House Speaker Destin Hall has introduced HB 92, a bill that proposes allowing the state to allocate funds into Bitcoin-related investments.
An Alabama hacker, Eric Council Jr., has pleaded guilty to hacking the US Securities and Exchange Commission's X account and making a fake post about the launch of spot Bitcoin ETFs on Jan. 9, 2024. The 25-year-old appeared in Washington federal court on Monday, admitting to identity theft and access device fraud.
Bitcoin and Ethereum ETFs see mixed inflows as market volatility rises amid global economic tensions.
North Carolina has become the latest U.S. state to introduce its own strategic Bitcoin reserve bill.
It appears the days when President Donald Trump's pronouncements on trade policy could send shockwaves through the Bitcoin market are waning. While past tariff threats elicited immediate and often dramatic price swings, Bitcoin's recent reaction to similar announcements suggests a growing resilience to Trump's trade rhetoric.
Metaplanet, Japan's top Bitcoin treasury company, will acquire 21,000 Bitcoins worth about $2 billion by the end of 2026. The Tokyo-based company announced its 2025-2026 Bitcoin Plan today, doubling down on its status as a top corporate Bitcoin holder.
Bitcoin traders are not slamming the buy button, but most of their concerns are connected to macroeconomic conditions.
As bitcoin hovers just above $97,000 per unit, conversations are intensifying over the possibility of a future supply squeeze.
A massive trove of Bitcoin that has been dormant for up to a decade has suddenly woken up and moved out of its wallet. Blockchain analytics firm CryptoQuant reports that 14,000 coins – worth about $1.35 billion at time of writing – were transferred early on Monday to new wallets.
Barstool Sports founder Dave Portnoy is doubling down on his commitment to the meme coin Stool Prisondente (CRYPTO: JAILSTOOL), even as traders question its future. What Happened: Portnoy, who initially invested hundreds of thousands of dollars in the token, insists he remains committed, despite the coin's struggles.
SkyBridge Capital founder Anthony Scaramucci said Bitcoin's (BTC) current price near $97,000 reflects where it should have been two years ago. Speaking on CNBC's Squawk Box on Feb.
Metaplanet shares have risen 4,800% as the company, known as “Asia's MicroStrategy,” has stacked Bitcoin.
Bitcoin has shown moderate growth in the past week, climbing by 2.81%, and it's raising questions about the driving forces behind its price movement. While the crypto market has been relatively quiet, analysts are pointing to an important trend—Bitcoin's Leverage Ratio is decreasing, indicating that the market dynamics are shifting from speculative trading to institutional accumulation and long-term holding.
North Carolina has joined a growing list of states seeking to legalize digital currencies, but according to Dan Spuller, this effort stands apart from the rest. More than a dozen U.S.
Bitcoin plunges below $98K as Trump's tariff plans fuel market uncertainty. Can BTC hold key support, or is a deeper drop ahead? Read the latest analysis. The post Bitcoin Nosedives Below $98K – Will Trump's Tariffs Send it Lower? appeared first on Cryptonews.
Strategy continues its accumulation strategy with the acquisition of 7,633 bitcoins for $742.4 million, bringing its total to 478,740 BTC. This major transaction comes after a brief pause in purchases by the company led by Michael Saylor.
With a dramatic shift to Bitcoin, a former hotel developer has transformed the investment landscape of Japan, causing a stir in Asia's financial markets. Metaplanet Inc.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The firm trades on the Tokyo Stock Exchange and claims its bitcoin strategy has made it “the best-performing stock worldwide.” Metaplanet to Purchase $2 Billion Worth of Bitcoin by 2026 Japanese hotel developer turned bitcoin treasury firm Metaplanet, announced on Monday, plans to acquire 21,000 bitcoin (BTC) by the end of 2026.
Japan's Financial Services Agency (FSA) is exploring significant changes to its cryptocurrency regulations, including the potential lifting of its ban on Bitcoin ETFs (exchange-traded funds) and implementing major tax cuts for crypto investors. These changes would aim to align the country's approach with global markets, enhance investor protection, and boost the adoption of digital assets in the mainstream financial sector.
In a recent development, Florida Senator Joe Gruters has proposed a bill to allow public funds investment in Bitcoin. The bill called “SB 550: Investments of Public Funds in Bitcoin,” which would allow the state's Chief Financial Officer (CFO) to invest various public funds in Bitcoin and other cryptocurrencies.
Bitcoin (CRYPTO: BTC) has notably outperformed altcoins and meme coins over the recent weeks, according to a new report by on-chain data provider Nansen. What Happened: In the market analysis published on Feb. 5, Nansen reports that previous week's crypto liquidations tallying over $2 billion marks the largest wipeout in history.
Software company Strategy is pushing forward with its Bitcoin buying spree in 2025. After a week-long pause, Strategy today announced that it had snapped up $742 million worth of the orange coin.
Metaplanet Inc. reveals ambitious Bitcoin accumulation strategy targeting 21k BTC by 2026, alongside strong financial results showing $35M in unrealized gains.
In a latest development, Charles Hoskinson, founder of Cardano, has criticized the U.S. Agency for International Development (USAID) for funding a book that links Bitcoin to right-wing extremism. WikiLeaks recently revealed that USAID funded a book connecting Bitcoin and cyberlibertarianism to right-wing ideologies.
Bitcoin holders with no record of selling their holdings have increased their BTC reserves during the Trump-led market rally.
President Donald Trump's pro-crypto sentiment is reportedly fueling the accumulation of Bitcoin (BTC) by US charities and universities. According to a new report by The Financial Times, Trump's promises to make the US a crypto powerhouse have triggered foundations and universities in the nation to gobble up the top crypto asset by market cap.
Bitcoin might be on the brink of a significant price rally, thanks to the positive data coming from the Hash Ribbon indicator. This key indicator, which tracks the health of Bitcoin miners, is showing signs that miner capitulation may be coming to an end.