Trump's Bitcoin Reserve Plan Could Drive Cryptocurrency to $800,000
Former President Trump confirms plans for a U.S. strategic bitcoin reserve if re-elected, sparking predictions of a $15 trillion market surge. The initiative, supported by Republican legislation and coinciding with similar Russian plans, could trigger a global 'bitcoin cold war' as nations race to accumulate cryptocurrency reserves.
US States Pioneer Bitcoin Reserve Legislation in Historic Financial Shift
Texas and Pennsylvania lead groundbreaking initiatives to incorporate Bitcoin into state treasury reserves, with legislation allowing up to 10% investment in cryptocurrency. The movement gains momentum as more states consider similar measures, potentially reshaping government finance while boosting Bitcoin adoption and mining innovation.
Major Bitcoin ATM Data Breach Exposes 58,000 Users' Personal Information
A significant security breach at Byte Federal, a leading US Bitcoin ATM operator, has compromised sensitive data of 58,000 customers through a GitLab vulnerability. The incident exposed extensive personal information including government IDs and transaction records, prompting emergency security measures and raising concerns about cryptocurrency infrastructure security.
French Hill Takes Helm of House Financial Services Committee, Signaling New Era for Crypto Regulation
Republican Representative French Hill's appointment as chair of the House Financial Services Committee marks a pivotal moment for cryptocurrency legislation. With extensive fintech experience and bipartisan approach, Hill aims to prioritize stablecoin regulation and market structure reforms.
Binance CEO Downplays U.S. Return Despite Trump's Crypto-Friendly Signals
Binance CEO Richard Teng dismisses speculation about re-entering the U.S. market, despite positive crypto signals from the incoming Trump administration. The exchange remains focused on global expansion following its $4.3B settlement with U.S. authorities in 2023.
Gold Advocate Peter Schiff Denounces Bitcoin as National Security Threat
Euro Pacific Funds chief Peter Schiff escalates his criticism of Bitcoin, labeling it a national security threat amid discussions of government-held reserves. His concerns focus on potential misuse of public funds for Bitcoin purchases, despite the cryptocurrency's recent surge past $100,000.
Trump's Bitcoin Tax Reform: A Game-Changing Proposal for Cryptocurrency Adoption
The cryptocurrency community urges Donald Trump to pledge eliminating capital gains taxes on Bitcoin if elected in 2024. This bold policy shift could revolutionize digital asset adoption in the US while attracting investment and innovation, though critics warn of potential revenue losses.
Bitcoin's Wild Ride: $303M Liquidation Amid Trump-Fueled Rally to $103K
Bitcoin's dramatic price action saw it surge to $103,000 before a sudden 10% plunge triggered $303.5M in liquidations. The cryptocurrency quickly rebounded above $101,000, buoyed by speculation around Trump's pro-crypto policies and promises to make the US a 'Bitcoin superpower.'
Bitcoin Jesus Challenges $50M Tax Evasion Case Over Cryptocurrency Transactions
Roger Ver, known as 'Bitcoin Jesus', fights an eight-count tax evasion indictment involving $50M in unreported Bitcoin gains and alleged undervaluation of companies during citizenship renunciation. His defense team claims prosecutorial misconduct and unclear crypto regulations in their motion to dismiss.
US Government Transfers $2 Billion in Seized Bitcoin to Coinbase
The US government has moved nearly 20,000 Bitcoin worth $2 billion to Coinbase Prime, marking one of its largest crypto transfers from Silk Road seizures. The transfer sparked market speculation but prices remained stable, while the government still holds substantial cryptocurrency assets.