Bitcoin

Senator Lummis Confirms Strategic Bitcoin Reserve Plans After Trump Victory

Senator Lummis’s proposed Bitcoin Bill seeks to establish a strategic reserve by allowing the Federal Reserve to acquire up to 5% of Bitcoin’s total supply, potentially strengthening the U.S. dollar and addressing national debt concerns. With a Republican majority in Congress, the bill’s chances of advancement are significantly improved, positioning... read more →

Umer
November 11, 2024
Bitcoin

Bitcoin Rises as Trump Secures 2024 Presidential Victory, What’s Next?

Trump’s election win sparks market shifts, with Bitcoin rallying amid economic optimism and investor confidence. Proposed Bitcoin Bill could see the Fed hold up to 5% of BTC, boosting U.S. strategic reserves. Donald Trump officially became the 47th President of the United States amid a frenzy of financial activity. With... read more →

Umer
November 11, 2024
Bitcoin

BitFuFu Faces Rising Bitcoin Mining Costs and Falling Output

BitFuFu’s Bitcoin mining costs increased significantly in Q3, impacting production levels and profitability. The new Ethiopia facility aims to boost BitFuFu’s capacity, offsetting operational challenges in Bitcoin mining. BitFuFu Inc., a cloud mining company funded by Bitmain, has encountered severe hurdles in its Bitcoin mining activities, as detailed in its... read more →

Umer
November 11, 2024
Bitcoin

Donald Trump Wins US Election; Will Bitcoin Hit $100K?

Donald Trump has won this year’s presidential election, overcoming Democratic leader Kamala Harris, a result that aligns with market expectations. After Trump’s victory, Bitcoin’s price surged by 9.6% to a record high of $75,198 while Ethereum followed with an increase of 8%. Bitcoin, the world’s first cryptocurrency hit a new... read more →

Umer
November 11, 2024
Bitcoin

Bitcoin Rallies on Trump’s Victory: What His 11 Crypto Promises Mean for BTC’s Future

Following Donald Trump’s re-election, Bitcoin’s price surged over $75,000, driven by optimism surrounding his pro-crypto promises, which could lead to significant regulatory changes benefiting digital assets. Trump’s proposed reforms, including firing SEC Chair Gary Gensler and establishing a National Bitcoin Reserve, have energized the crypto community, fostering expectations of a... read more →

Umer
November 11, 2024
Bitcoin

Exclusive: IOTA Founder Shares Vision on Project’s Future, Identity Tech, and Exchange Listings

IOTA’s Dominik Schiener has disclosed that the team is consistently working to improve liquidity and Total Value Locked (TVL) to effectively convince major exchanges. He also admitted to the poor performance of the IOTA token but assured that the recent US political climate and the movement of Bitcoin (BTC) could... read more →

Umer
November 11, 2024
Bitcoin

Trump Presidency: A New Era for Bitcoin and Cryptocurrency?

The Trump presidency may advance the Bitcoin Act, positioning Bitcoin as a U.S. strategic reserve asset. A crypto-friendly stance under Trump could boost Bitcoin’s institutional adoption and public acceptance. With Donald Trump’s election to the presidency, big changes are predicted in the Bitcoin and crypto spaces. The government is expected... read more →

Umer
November 11, 2024
Bitcoin

BREAKING: El Salvador Sees 81% Gains With 722 BTC Acquired

El Salvador has accumulated 722 Bitcoins since 2022, achieving gains through consistent daily purchases. Despite Bitcoin’s legal status, only 7.5% of Salvadorans use it for transactions. El Salvador’s investment in Bitcoin has proven to be a risky yet potentially profitable choice. According to Spot On Chain, the country currently boasts... read more →

Umer
November 11, 2024
Bitcoin

Saylor’s MicroStrategy ups Bitcoin trove to $22b

Michael Saylor’s MicroStrategy has invested another $2 billion in Bitcoin as the world’s most popular cryptocurrency reaches new highs day after day. Saylor tweeted that MicroStrategy spent $2.03 billion on an additional $27,200 Bitcoin (BTC), increasing its total holdings to 279,420 tokens since its aggressive acquisition strategy started in 2020.... read more →

Seren Lindholm
November 11, 2024
Bitcoin

Bitcoin Developers Propose Soft Fork-Free Covenant for Network Upgrade

The ColliderScript proposal allows for covenants in Bitcoin without a soft fork, enhancing its programmability and competitiveness with Ethereum. However, it raises concerns about spending restrictions and scalability, requiring further testing and refinement. A new research paper titled “ColliderScript: Covenants in Bitcoin via 160-bit hash collisions” explores an innovative approach... read more →

Umer
November 11, 2024
Bitcoin

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