BTC

Utah to become the first state in the US to establish a Bitcoin reserve

February 5, 2025 2 mins read

Utah is poised to become the first state in the U.S. to create a Bitcoin reserve. The state has a quick 45-day legislative calendar, which encourages lawmakers to act fast. This gives Utah an advantage over other states in adopting Bitcoin. Dennis Porter, CEO of the Satoshi Action Fund, believes Utah is leading in this effort. He highlights the state’s digital asset task force, which works year-round. This task force

MicroStrategy ends its 12-week Bitcoin buying streak

February 5, 2025 1 min read

MicroStrategy has paused its Bitcoin purchases after a 12-week buying spree, surprising many in the crypto world. The company holds a vast amount of Bitcoin worth billions, but it did not add to its holdings this week. Michael Saylor, the CEO, confirmed this pause and noted that they did not sell any Class A common stock or use the proceeds to buy more Bitcoin. This change raises questions about the

El Salvador adds 50 BTC to its reserves

February 4, 2025 1 min read

El Salvador has recently added 50 BTC to its reserves, continuing its strategy of accumulating Bitcoin. This brings the total to about 6,055 BTC, worth over $606 million. The country is committed to Bitcoin despite making changes to its regulations to meet the International Monetary Fund’s (IMF) requirements for a $1.4 billion loan. Since making Bitcoin legal tender in 2021, El Salvador has steadily increased its Bitcoin holdings. However, to

Dogwifhat’s ICO Made Millionaires—Now, Arctic Pablo Is Your Chance to Get in Early as the Best Crypto to Buy in 2025

February 4, 2025 5 mins read

Think back to the early days of Dogwifhat—a meme coin that no one could predict would become a sensation. During its ICO, Dogwifhat was priced at a mere $0.00000007. It was a low-risk, high-reward investment that many shrugged off as just another internet joke. But for the few who believed in its potential and decided to invest at the ground level, the returns have been nothing short of monumental. Fast

Senator Lummis proposes a Strategic Bitcoin Reserve to cut the $36 trillion US debt

February 4, 2025 2 mins read

Senator Cynthia Lummis has proposed a Strategic Bitcoin Reserve to address the US national debt, which stands at $36 trillion. She believes that Bitcoin’s growth in value could help reduce this debt significantly over the next twenty years. Lummis argues that this reserve would fix financial errors made by previous generations and ease the economic burden on younger Americans. In a recent interview, Lummis stated that a Bitcoin reserve could

Donald Trump’s World Liberty Financial faces a loss of over $50 million

February 3, 2025 1 min read

Donald Trump‘s new tariff system is causing turmoil in global markets, especially in the cryptocurrency sector. In the early hours in Asia, Bitcoin (BTC) and Ethereum (ETH) saw significant drops, with BTC falling over 6% and ETH plummeting more than 20%. In just 24 hours, the crypto market experienced over $2.2 billion in liquidations, leading to a total market cap decline of more than 11%. The impact of Trump’s tariffs

Coinbase users lose over $150 million in social engineering scams

February 3, 2025 1 min read

ZachXBT, a blockchain analyst, has reported that Coinbase users have lost at least $150 million due to social engineering scams. One victim lost a staggering $11.5 million in Bitcoin on Base, Coinbase’s layer-2 network. This situation raises serious concerns about the security of this major US cryptocurrency exchange. On January 31, ZachXBT highlighted another significant theft. A user lost 110 cbBTC, which is Coinbase’s wrapped Bitcoin, after falling for a

Bitcoin Drops Below $91K With Over $200 Billion Liquidated

February 3, 2025 1 min read

Major cryptocurrencies like Bitcoin (BTC), Ether (ETH), Solana’s SOL, and XRP saw significant declines as trading began in Asia. By mid-morning in Hong Kong, Bitcoin dropped 11%, falling below $91,000. Ether fell nearly 20%, trading at $2,500, while Solana decreased by 13% to $184. XRP experienced the largest drop, down 28% and trading at $2. Recent data from CoinGlass revealed that around $200 billion in long positions were liquidated in

Arkansas Senate rejects a bill to ban crypto mining near military bases

February 2, 2025 2 mins read

The Arkansas Senate recently voted against Senate Bill 60, which aimed to restrict cryptocurrency mining near military bases. The bill was rejected with a vote of 6-1, allowing mining operations to continue in these areas despite concerns about security. If the bill had passed, it would have required unlicensed mining operations to shut down unless they had permits obtained before December 31, 2024. It also sought to stop new mining

Tether Reports $13B Profit for 2024

February 2, 2025 1 min read

Tether, the company behind the popular stablecoin USDT, reported impressive profits of $13 billion for the last year. This marked a record year for the firm. A significant portion of these profits, about $7 billion, came from their extensive holdings in U.S. Treasuries and repurchase agreements. Additionally, the company earned $5 billion from the increased value of its gold and bitcoin investments. Other investments contributed another $1 billion to the

Bitcoin drops below $100K as Trump imposes Tariffs on Canada, Mexico, China

February 2, 2025 1 min read

Donald Trump has started imposing tariffs as he promised during his campaign. He has set a 25% tariff on most imports from Mexico and Canada, and a 10% tariff on goods from China. These tariffs took effect on Tuesday. In his Executive Order, Trump stated that the ongoing flow of illegal opioids and drugs is harming the nation. He believes it is putting lives at risk and straining healthcare and

US Marshals Miss Deadline on Silk Road Bitcoin Report

February 2, 2025 1 min read

The US Marshals Service (USMS) missed a deadline to provide information to Senator Cynthia Lummis about Bitcoin seized from the Silk Road case. Senator Lummis expressed concerns over the planned sale of about 69,370 Bitcoin, worth around $7 billion. She worried this could lead to financial losses for taxpayers and conflict with previous policies from the Trump administration. In her letter, Lummis pointed out that the USMS had previously sold