Some Stocktwits users are skeptical whether the address will bring about substantive policy changes, viewing it as more political posturing than meaningful action.
Leading cryptocurrencies ushered in a strong rally Wednesday after Ripple Labs' announced victory in the SEC lawsuit and dovish signals from Federal Reserve Chair Jerome Powell.
Robinhood currently offers trading in stocks, ETFs, futures and options, and crypto, among other things. It has 27 cryptocurrencies available for trading on its platform.
White House-appointed ‘Crypto Czar,’ David Sacks, revealed Tuesday he might not have sold his cryptocurrency holdings if not for government ethics rules.
While firmly focused on Bitcoin, Saylor acknowledged that it is just one pillar of a broader digital economy, pointing to ongoing regulatory developments as a key factor shaping the future of digital assets.
The company said it has signed a non-binding letter of intent with Kazakhstan-based LLP STP Corp. to invest in the 130-megawatt liquid-cooled Bitcoin mining project.
Acting SEC Chair Mark Uyeda pointed to industry concerns over a rule proposed in February 2023 requiring registered investment advisers to store crypto assets with a qualified custodian and for those custodians to meet additional regulatory requirements.
Formerly known as MicroStrategy, the Michael Saylor-led enterprise now holds over $41 billion of Bitcoin, but its total holdings of the apex cryptocurrency remain shy of 500,000 tokens.
Bitcoin (CRYPTO: BTC) is trading around $84,400 on Monday morning, with macroeconomic events this week anticipated to set the tone for short-term price movement in the weeks to come.
The recent downturn in Bitcoin’s (CRYPTO: BTC) value has significantly affected the unrealized gains of Strategy Inc. (NASDAQ:MSTR), which has made substantial investments in the cryptocurrency.
Arthur Hayes, co-founder of BitMEX, has projected a significant increase in Bitcoin's value, anticipating it will reach $250,000 by the close of the year.
The approval, Ripple’s first in the Middle East, will allow the payments company to tap into the UAE’s $40 billion remittance and $400 billion international trade markets.
Provisions in the bill restrict any Treasury Secretary from selling more than 10% of the Bitcoin reserve within a two-year window. However, this potential for eventual liquidation stands in contrast to the White House’s stance.
