Montana becomes 4th US state to advance Bitcoin reserve bill to House
Montana is making strides in the world of cryptocurrency by passing a Bitcoin reserve bill at the subcommittee level. This exciting development makes Montana the fourth state in the US to advance a bill related to Bitcoin to the House. This move is a significant step towards the widespread adoption and acceptance of Bitcoin as a legitimate form of currency.
The bill, known as the “Montana Bitcoin Reserve Bill,” aims to establish a state-level Bitcoin reserve for the purpose of promoting and supporting the use of Bitcoin in everyday transactions. This reserve would be managed by the state treasurer and would hold a certain amount of Bitcoin, which would be used to facilitate transactions and promote the growth of the cryptocurrency market in Montana.
This move by Montana is a clear indication of the state’s recognition of the potential and value of Bitcoin. With the increasing popularity and acceptance of Bitcoin worldwide, it is no surprise that states like Montana are taking steps to embrace this digital currency. By creating a state-level Bitcoin reserve, Montana is not only showing its support for the cryptocurrency but also positioning itself as a leader in the adoption of innovative financial technologies.
The passing of this bill at the subcommittee level is a significant milestone, but it still has a long way to go before becoming law. However, the fact that it has made it this far is a promising sign for the future of Bitcoin in Montana. If the bill is ultimately passed into law, it could have a significant impact on the state’s economy and could potentially attract more businesses and investors who are interested in utilizing Bitcoin.
Montana’s Bitcoin reserve bill is just one example of the growing acceptance and integration of cryptocurrencies into our daily lives. As more states and countries recognize the potential of Bitcoin and other digital currencies, we can expect to see even more developments and advancements in this exciting and ever-evolving market.
SBF's $1B forfeited assets include private jets, political donations: Court
Court documents show Sam Bankman-Fried’s forfeited assets include two private jets, a bevy of political donations, and a healthy stake in Robinhood.
Bitcoin bull market can survive $77K BTC price dip in 2025 — Analyst
According to CryptoQuant CEO Ki Young Ju, Bitcoin is unlikely to experience another bear market in 2025, even if its price drops by 30%. This prediction comes as a relief to many investors who have been concerned about the potential for a market downturn.
Ju’s confidence in Bitcoin’s future is based on several factors. First, he believes that the current market conditions are vastly different from those that led to the previous bear market in 2018. Back then, Bitcoin’s price was driven by speculation and hype, with many inexperienced investors jumping on the bandwagon. This resulted in a massive price bubble that eventually burst, causing the market to crash.
However, the current market is much more mature and stable, with institutional investors and large corporations showing interest in Bitcoin. This has led to a more sustainable and organic growth in the cryptocurrency’s value, making it less susceptible to sudden drops.
Additionally, Ju points out that the overall sentiment towards Bitcoin has shifted significantly in recent years. While it was once seen as a risky and volatile investment, it is now being recognized as a legitimate asset class and a hedge against inflation. This change in perception has led to a more stable and long-term approach to investing in Bitcoin, reducing the likelihood of a bear market.
Of course, there is always the possibility of unforeseen events or market manipulation causing a temporary drop in Bitcoin’s price. However, Ju believes that even in such scenarios, the market will quickly recover and continue its upward trend.
In conclusion, while no one can predict the future with absolute certainty, Ju’s analysis and insights provide reassurance that Bitcoin is on a strong and sustainable path, and investors can have confidence in its long-term potential.
US Senate confirms Howard Lutnick as Trump’s commerce secretary
The United States Senate has officially confirmed Howard Lutnik, a well-known advocate for cryptocurrency and former CEO of Cantor Fitzgerald, as the new Commerce Secretary under President Donald Trump’s administration. This appointment marks a significant step forward for the crypto industry, as Lutnik has been a vocal supporter of digital currencies and their potential to revolutionize the financial sector.
Lutnik’s confirmation comes at a crucial time for the crypto market, as it continues to gain mainstream recognition and adoption. With his extensive experience in the financial industry, including his role as CEO of Cantor Fitzgerald, Lutnik brings a wealth of knowledge and expertise to the position. He has been a strong proponent of blockchain technology and its potential to transform various industries, including finance, healthcare, and supply chain management.
In addition to his background in traditional finance, Lutnik has also been actively involved in the crypto space. He has been a vocal advocate for regulatory clarity and has worked closely with government officials to promote the responsible growth of the industry. His appointment as Commerce Secretary is a clear indication of the government’s recognition of the importance of cryptocurrencies and their potential to drive economic growth.
Lutnik’s confirmation has been met with enthusiasm from the crypto community, with many seeing it as a positive step towards mainstream adoption and recognition. With his leadership, the Commerce Department is expected to play a crucial role in shaping policies and regulations that will support the growth of the crypto industry and foster innovation.
As the new Commerce Secretary, Lutnik has a unique opportunity to bridge the gap between traditional finance and the emerging world of cryptocurrencies. His experience and expertise make him well-equipped to navigate the complex landscape of digital assets and drive positive change for the industry. With Lutnik at the helm, the future looks bright for the crypto market, and we can expect to see continued growth and development in the years to come.
Crypto firms need to go public to ‘address Wall Street’ — BitGo CEO
Mike Belsche, the CEO of BitGo, one of the leading crypto custody firms, has recently hinted at the possibility of taking the company public. In an interview, Belsche shared his thoughts on the potential benefits of a public offering and how it could help to build trust in the world of digital assets.
BitGo, founded in 2013, has become a trusted name in the crypto industry, providing secure storage solutions for various digital assets. With the increasing adoption of cryptocurrencies, the demand for reliable custody services has also grown. And BitGo has been at the forefront, catering to the needs of institutional investors and high-net-worth individuals.
In the past, BitGo has raised significant funding from top investors, including Goldman Sachs and Redpoint Ventures. However, Belsche believes that going public could be the next big step for the company. He stated, “We’re definitely looking at the public markets as a potential option for us. It’s something that we’re actively considering.”
Going public would not only provide BitGo with a significant influx of capital but also increase its visibility and credibility in the market. Belsche believes that a public offering would help to “deliver trust in digital assets” and further legitimize the crypto industry.
BitGo’s potential public offering comes at a time when the crypto market is experiencing a surge in interest from traditional investors and institutions. With more and more companies and individuals looking to invest in digital assets, the need for secure and reliable custody solutions has never been greater.
Belsche’s comments have sparked excitement and speculation in the crypto community, with many eagerly waiting to see if BitGo will indeed go public. If it does, it could be a significant milestone not just for the company but for the entire crypto industry, further solidifying its position as a legitimate and trustworthy asset class.
Hong Kong remains an ‘open and vibrant market’ for crypto, says financial secretary
In a recent statement, Hong Kong’s financial secretary Paul Chan Mo-po expressed his excitement for the future of technology, specifically the intersection of artificial intelligence (AI) and blockchain. This combination, according to Chan, has the potential to revolutionize various industries and create countless new use cases.
As the world becomes increasingly digitalized, the integration of AI and blockchain has become a hot topic among tech enthusiasts and industry leaders. Both technologies have already proven their value individually, but when combined, they have the power to enhance each other’s capabilities and open up a whole new realm of possibilities.
One of the most significant advantages of combining AI and blockchain is the potential for increased efficiency and accuracy. AI algorithms can analyze vast amounts of data and make decisions in real-time, while blockchain technology provides a secure and transparent way to store and share this data. This synergy can streamline processes and eliminate the need for intermediaries, ultimately saving time and resources.
Moreover, the integration of AI and blockchain can also lead to the development of innovative solutions in various sectors. For example, in the financial industry, AI-powered chatbots can assist with customer service, while blockchain can facilitate secure and fast transactions. In healthcare, AI can help with medical diagnoses, and blockchain can ensure the privacy and security of patient data.
Chan also highlighted the potential for AI and blockchain to drive economic growth and create new job opportunities. As these technologies continue to evolve and become more prevalent, the demand for skilled professionals in these fields will undoubtedly increase.
In conclusion, the intersection of AI and blockchain is a promising development that has the potential to transform industries and improve our daily lives. As we continue to witness the advancements in these technologies, it is essential to embrace and support their integration to fully reap their benefits.
Hyperliquid rolls out HyperEVM, unveils bug bounty rewards
Hyperliquid launched HyperEVM on its layer-1 blockchain and unveiled a bug bounty program offering up to $1 million for security vulnerabilities.
Tether signs agreement with Guinea to explore blockchain tech
Tether, the leading stablecoin provider, has recently announced its partnership with the Republic of Guinea to explore the potential of blockchain technology in the country. This collaboration aims to introduce blockchain-based solutions and educate the local community about its benefits.
The Republic of Guinea, a small West African nation, has shown a keen interest in adopting blockchain technology to improve its financial infrastructure and promote economic growth. With Tether’s expertise in the field, the country hopes to leverage the potential of blockchain to enhance its financial systems and drive innovation.
As part of the partnership, Tether will work closely with the government of Guinea to identify areas where blockchain technology can be implemented effectively. This includes exploring the use of blockchain in areas such as supply chain management, digital identity, and financial services. By leveraging blockchain’s decentralized and transparent nature, the country aims to improve efficiency, reduce costs, and enhance security in these sectors.
Moreover, Tether will also conduct educational programs to raise awareness about blockchain technology and its potential use cases. These programs will target students, entrepreneurs, and government officials, providing them with the necessary knowledge and skills to utilize blockchain in their respective fields. This initiative will not only benefit the Republic of Guinea but also contribute to the overall growth and adoption of blockchain technology in the region.
Tether’s partnership with the Republic of Guinea is a significant step towards bridging the gap between traditional finance and the world of blockchain. As the leading stablecoin provider, Tether has a proven track record of providing stable and secure digital assets, making it a trusted partner for the government of Guinea. This collaboration has the potential to bring about positive change and drive economic development in the country.
In conclusion, Tether’s partnership with the Republic of Guinea marks a significant milestone in the adoption of blockchain technology in Africa. With Tether’s expertise and the government’s willingness to embrace innovation, this collaboration has the potential to transform the financial landscape of the country and pave the way for a more prosperous future.
Australian police find ‘Aladdin’s cave’ of stolen Bitcoin ATMs, Pokemon cards
Four have been arrested for allegedly stealing $50,000 worth of trading cards, along with firearms, car keys and six crypto ATMs.
Milei-endorsed Libra token was “open secret” in memecoin circles — Jupiter
Argentine President Javier Milei is facing backlash and calls for impeachment from his political opponents after publicly endorsing a controversial cryptocurrency that resulted in a massive financial loss for investors. The cryptocurrency in question, known as “Ponzicoin,” was marketed as a revolutionary investment opportunity, but ultimately turned out to be a $100 million rug pull.
Milei, a vocal advocate for free market economics and limited government intervention, had previously expressed his support for cryptocurrencies as a means of decentralizing the financial system. However, his endorsement of Ponzicoin has sparked outrage and accusations of irresponsibility, as many investors have lost their life savings due to the scam.
The situation has escalated to the point where Milei’s opponents are calling for his impeachment, citing his endorsement of Ponzicoin as a violation of his duties as president. They argue that his actions have not only caused financial harm to citizens, but also damaged the country’s reputation and credibility in the global market.
In response, Milei has defended his stance, stating that he was simply exercising his right to free speech and expressing his personal beliefs. He also pointed out that he was not the only public figure to endorse Ponzicoin, and that the responsibility ultimately lies with the creators and promoters of the cryptocurrency.
This incident has once again brought to light the risks and dangers associated with the unregulated world of cryptocurrency. While it has the potential to revolutionize the financial industry, it also attracts scammers and fraudsters looking to take advantage of unsuspecting investors.
As the debate over the regulation of cryptocurrencies continues, it is important for individuals to educate themselves and approach these investments with caution. And for public figures, especially those in positions of power, it is crucial to carefully consider the consequences of their endorsements and actions. In the case of President Milei, it remains to be seen how this controversy will affect his political career and the future of cryptocurrencies in Argentina.