News with the tag "Strategic Bitcoin Reserve"

Bitcoin Magazine Proposed South Carolina Bill Lets State Treasurer Invest 10% Of State Funds In Bitcoin Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256 , The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill inclu...

Hong Kong-based HK Asia Holdings has expanded its Bitcoin holdings, purchasing an additional 10 BTC for approximately $858,581. The purchase brings the firm’s total Bitcoin ( BTC ) holdings to 18.88 BTC, valued at around $1.72 million. The acquisition follows a Feb. 23 board approval allowing HK Asi...

Bitcoin Magazine The FAIR Act Would Protect Bitcoin Holders A few weeks ago, we briefly touched on how civil asset forfeiture may apply to Bitcoin , a process in which the Government may seize citizen’s assets without accusing a person of a crime. With the US Government stating that civil asset forf...

Crypto detective ZachXBT alleged that the mysterious “Hyperliquid whale” that’s been making headlines across the crypto community is suspected to be a convicted criminal from the UK. The trader has made around $20 million in profit from leveraged trading, raising questions about their identity. Rela...

Bitcoin critic Peter Schiff has strongly criticized the creation of a Strategic Bitcoin Reserve, arguing that it is a deceptive initiative designed to mislead investors into purchasing cryptocurrency. Schiff, a known economist and gold advocate, accused former President Donald Trump of fueling what ...

At the Digital Asset Summit on March 19, Senator Cynthia Lummis (R-WY) claimed that the previous Biden administration may have sold a significant portion of the United States’ confiscated Bitcoin holdings. During a panel discussion, Senator Lummis outlined her concerns, explaining that while the Uni...

Bitcoin Magazine Trump Administration Eyes Massive Bitcoin Accumulation, Says Executive Director The Trump administration is doubling down on its Bitcoin strategy, with top officials emphasizing their commitment to growing the U.S. government’s BTC holdings. Speaking at the Digital Assets Summit tod...

Bitcoin Magazine South Korea Dismisses Establishing Strategic Bitcoin Reserve The Bank of Korea (BOK) has dismissed the possibility of establishing a strategic bitcoin reserve, citing concerns over price volatility and risks. This comes despite ongoing global discussions about using bitcoin as part ...

Hong Kong-based Ming Shing Group Holdings Limited has purchased 333 Bitcoin for approximately $27 million, marking a shift into digital assets for the construction company. The acquisition was made through its subsidiary, Lead Benefit Limited, at an average price of $81,555 per BTC on February 28, 2...

Senator Cynthia Lummis has revealed that she will reintroduce the Bitcoin Act bill in the US Congress. This development is significant as the bill, if passed, would provide further legitimacy for the Strategic Bitcoin Reserve which US President Donald Trump created with an Executive Order last week....