Trump may sign Bitcoin reserve executive order at crypto summit: Report
According to recent reports, US President Donald Trump is considering issuing an executive order to create a national reserve for purchasing Bitcoin. This move could potentially have a significant impact on the cryptocurrency market and further legitimize Bitcoin as a viable asset.
The idea of a national reserve for Bitcoin was first proposed by economist and cryptocurrency advocate, Saifedean Ammous. He argues that by creating a reserve, the US government could protect itself against the potential devaluation of the US dollar and diversify its assets.
If this executive order is indeed issued, it would mark a major shift in the US government’s stance towards Bitcoin. While the cryptocurrency has gained mainstream acceptance and adoption in recent years, it has also faced criticism and skepticism from government officials.
However, with the growing popularity and value of Bitcoin, it seems that even the US government is starting to take notice. By creating a national reserve for Bitcoin, the US could potentially benefit from the cryptocurrency’s decentralized nature and limited supply, making it a valuable addition to its financial reserves.
This move could also have a ripple effect on other countries, as they may follow suit and create their own national reserves for Bitcoin. This could further solidify Bitcoin’s position as a global currency and potentially lead to increased adoption and usage.
Of course, there are still many uncertainties surrounding this potential executive order. It is unclear how much Bitcoin the US government would purchase and how it would affect the overall market. Additionally, there may be pushback from those who are skeptical of Bitcoin and its potential impact on traditional financial systems.
Nevertheless, the possibility of a national reserve for Bitcoin is an exciting development for the cryptocurrency world. It could open up new opportunities and possibilities for Bitcoin and further cement its role in the global economy. Only time will tell if this executive order will come to fruition, but it is certainly a development worth keeping an eye on.
Trump’s World Liberty bought $20M worth of crypto ahead of March 7 summit
The White House’s crypto summit could reveal important details about the Trump administration’s forthcoming crypto policies, including plans for a BTC reserve.
Core Scientific shares drop 18% as Microsoft cuts some CoreWeave deals
In a groundbreaking move, Core Scientific and CoreWeave have joined forces in a monumental $100 million deal that is set to revolutionize the data center industry. This partnership, which was officially sealed in March 2024, will see Core Scientific providing top-of-the-line data center services to CoreWeave, solidifying their position as leaders in the field.
The collaboration between these two industry giants is a testament to the ever-growing demand for data center services, as more and more businesses and organizations rely on technology for their operations. With the exponential growth of data usage, the need for efficient and reliable data centers has become paramount. And with this partnership, Core Scientific and CoreWeave are well-equipped to meet this demand and provide cutting-edge solutions to their clients.
But what sets this deal apart is not just the impressive figures involved, but also the innovative approach that both companies bring to the table. Core Scientific, known for its advanced infrastructure and expertise in artificial intelligence and blockchain technology, will be able to offer CoreWeave state-of-the-art data center services that are tailored to their specific needs. This will not only enhance the efficiency and performance of CoreWeave’s operations but also pave the way for groundbreaking advancements in the industry.
Furthermore, this partnership is a testament to the growing importance of sustainability in the tech world. Both Core Scientific and CoreWeave are committed to reducing their carbon footprint and promoting eco-friendly practices. With this deal, they will be able to combine their efforts and make significant strides towards a greener future.
In conclusion, the collaboration between Core Scientific and CoreWeave is a game-changer in the data center industry. It not only showcases the growing demand for data center services but also highlights the importance of innovation and sustainability in this field. With this partnership, both companies are poised to lead the way in providing cutting-edge solutions and driving the industry forward.
Crypto voters could swing New Jersey gubernatorial race
As the November election draws closer, the role of cryptocurrency advocates in determining the next governor of New Jersey has become a hot topic. According to a recent Stand With Crypto poll, these advocates could hold significant sway in the upcoming election, which is just eight months away.
The poll, conducted by the organization Stand With Crypto, revealed that the opinions and actions of New Jersey’s cryptocurrency advocates could play a crucial role in deciding who will lead the state as its next governor. This is a significant development, as it highlights the growing influence of the cryptocurrency community in the political landscape.
The poll results showed that a majority of New Jersey’s cryptocurrency advocates are highly engaged in the political process and are actively seeking out candidates who support and understand the potential of digital currencies. This is a clear indication that the cryptocurrency community is becoming more politically aware and is using its collective voice to shape the future of the state.
With the rise of digital currencies and their increasing adoption, it is no surprise that they have become a key issue in the upcoming election. The Stand With Crypto poll also revealed that a significant number of New Jersey’s cryptocurrency advocates are registered voters, further emphasizing their potential impact on the election.
The candidates vying for the governor’s seat will need to pay attention to the concerns and demands of the cryptocurrency community if they want to secure their votes. This includes addressing issues such as regulatory clarity, taxation, and fostering a welcoming environment for blockchain and cryptocurrency businesses.
As the election approaches, it will be interesting to see how the candidates respond to the growing influence of the cryptocurrency community. Will they embrace this emerging industry and its supporters, or will they ignore their voices and risk losing their votes? Only time will tell, but one thing is for sure – the role of cryptocurrency advocates in the New Jersey election cannot be underestimated.
Sam Bankman-Fried celebrates 33rd birthday in prison
The former CEO of FTX, a now-defunct cryptocurrency exchange, recently made a shocking statement about his potential release from prison. In an interview, he revealed that he could potentially be in his “late 50s” by the time he is released, painting a grim picture of his future.
This revelation comes after the former CEO was sentenced to a lengthy prison term for his involvement in a major cryptocurrency scam. The exchange, which was once a popular platform for trading digital assets, collapsed after it was discovered that the CEO and his team had been engaging in fraudulent activities.
The downfall of FTX not only resulted in significant financial losses for its users, but it also tarnished the reputation of the cryptocurrency industry as a whole. The incident served as a reminder of the risks and dangers associated with investing in this emerging market.
As for the former CEO, his fate seems to be sealed as he faces the consequences of his actions. With the possibility of spending decades behind bars, he has come to terms with the fact that he may not see the outside world for a long time.
The image of a once-successful businessman now facing a bleak future is a stark reminder of the consequences of greed and deceit. It serves as a cautionary tale for those who may be tempted to engage in fraudulent activities in the cryptocurrency world.
While the former CEO’s statement may seem like a desperate attempt to garner sympathy, it also highlights the need for stricter regulations and enforcement in the cryptocurrency industry. As the market continues to grow and attract more investors, it is crucial to have measures in place to protect them from potential scams and frauds.
In the end, the downfall of FTX and its former CEO serves as a lesson for the entire cryptocurrency community. It is a reminder to always conduct due diligence and to be cautious when investing in this volatile market. Let this be a cautionary tale for all, and may it pave the way for a more secure and trustworthy cryptocurrency industry in the future.
Bitcoin price rebound breaks down before key level is hit — Here is why
Bitcoin, the world’s largest cryptocurrency, has been facing some challenges in its recent price movements. Despite its strong performance in the past few months, its upside seems to be limited by various factors such as recession risks, geopolitical tensions, and investor concerns over the upcoming crypto summit at the White House.
One of the main reasons for Bitcoin’s limited growth is the looming threat of a global recession. With the ongoing trade war between the US and China, as well as other economic uncertainties, investors are becoming increasingly cautious and are turning to more traditional assets like gold. This has resulted in a decrease in demand for Bitcoin, as it is still considered a relatively new and volatile asset.
In addition, geopolitical tensions around the world are also affecting Bitcoin’s potential for growth. The recent tensions between the US and Iran, as well as the ongoing Brexit saga, have created a sense of uncertainty in the global markets. This has led investors to seek safer investments, causing a decrease in demand for cryptocurrencies.
Furthermore, the upcoming crypto summit at the White House has also caused some anxiety among investors. While the purpose of the summit is to discuss the potential benefits of blockchain technology, there are concerns that it could lead to stricter regulations for cryptocurrencies. This has caused some investors to hold back on their investments until there is more clarity on the outcome of the summit.
Despite these challenges, Bitcoin continues to hold its position as the leading cryptocurrency and has shown resilience in the face of market fluctuations. Its underlying technology, blockchain, has also gained widespread recognition and adoption in various industries. This suggests that Bitcoin’s long-term potential is still strong, and any short-term setbacks should not deter investors from considering it as a valuable asset in their portfolio.
In conclusion, while Bitcoin’s upside may be limited in the current market conditions, its long-term potential remains promising. As with any investment, it is important to carefully consider the risks and do thorough research before making any decisions. The upcoming crypto summit and other external factors may cause some volatility in the short-term, but for those with a long-term perspective, Bitcoin still holds great potential for growth and innovation.
US crypto reserve could boost Bitcoin market cap by $460B — Research
The idea of a national cryptocurrency reserve has been gaining traction in recent years, with many countries considering the potential benefits and risks of such a move. However, according to the head of research at Sygnum Bank, the market is still not fully convinced of the likelihood of this becoming a reality.
Despite the growing interest and discussions surrounding national crypto reserves, the market is still assigning a relatively low probability to their creation. This is due to a number of factors, including regulatory uncertainty, technological challenges, and concerns about the stability and security of such reserves.
One of the main reasons for the market’s skepticism is the lack of clear regulations and guidelines for national crypto reserves. While some countries have taken steps towards creating their own digital currencies, there is still a lack of consensus on how these reserves should be managed and regulated. This uncertainty makes it difficult for investors to fully trust and support the idea of a national crypto reserve.
In addition, there are also technological challenges that need to be addressed before a national crypto reserve can become a reality. These include issues such as scalability, interoperability, and security. Without a solid and reliable technological infrastructure, it is difficult to build and maintain a successful national crypto reserve.
Furthermore, there are concerns about the stability and security of national crypto reserves. As with any digital asset, there is always a risk of hacking and cyber attacks. This is a major concern for investors and governments alike, as the potential loss of funds could have serious consequences.
Despite these challenges, the idea of a national crypto reserve continues to gain momentum and support. As more countries explore the potential benefits and work towards overcoming the obstacles, the market may start to assign a higher probability to their creation. Only time will tell if national crypto reserves will become a reality, but for now, the market remains cautious and uncertain.
SafeWallet releases Bybit hack post-mortem report
The SafeWallet team recently faced a major security threat when a hacker attempted to steal funds from their users. Fortunately, the team was able to quickly identify and resolve the issue, preventing any loss of funds. However, this incident has highlighted the need for constant improvements in user experience and user interfaces to protect against similar threats in the future.
In today’s digital age, where cryptocurrency is becoming increasingly popular, the importance of secure and user-friendly wallets cannot be overstated. As more and more people enter the world of crypto, it is crucial for wallet providers to prioritize the safety and convenience of their users.
The SafeWallet team understands this responsibility and has been continuously working towards enhancing their platform’s security measures. However, they believe that there is always room for improvement, and this recent incident has only reinforced their belief.
One of the key areas that the team is focusing on is user experience. They believe that a user-friendly interface not only makes it easier for users to manage their funds but also helps in identifying and preventing potential threats. By constantly updating and improving their interface, the team aims to provide a seamless and secure experience for their users.
In addition to user experience, the team is also emphasizing the importance of user education. Many users fall victim to scams and hacks due to a lack of knowledge about the security measures they should take while using a wallet. The SafeWallet team is committed to educating their users about best practices for securing their funds and staying vigilant against potential threats.
The recent security threat faced by the SafeWallet team serves as a reminder for all wallet providers to prioritize the safety and convenience of their users. With constant improvements in user experience and education, we can create a more secure environment for cryptocurrency users and prevent similar incidents in the future.