Day: January 24, 2025

Dear President Trump: Bitcoin Reserve, Not Shitcoin Reserve

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Yesterday, President Trump signed an Executive Order (EO) entitled “Strengthening American Leadership In Digital Financial Technology.” The document outlines the ways in which the U.S. government will embrace “digital assets” and support the rights of citizens and businesses to engage with “cryptocurrencies” and “blockchain technology.” Bitcoin isn’t mentioned once in the document. Most concerningly, it’s not mentioned in the portion of the document that addresses the potential for the President’s Working Group on Digital Asset Markets (also established via the EO) to create a “stockpile” of digital assets. Here’s exactly…

Trump’s Digital Assets Executive Order May Not Last — Senator Lummis is Doing it Right

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Follow Anastasia on X. Last night, President Trump signed the “Digital Assets” executive order (EO), and let’s just say Bitcoiners are feeling… sour. Initially, rumors swirled that this might be the long anticipated Strategic Bitcoin Reserve (SBR) legislation. But nope — not even close. Bitcoin reserve didn’t get a single mention. Instead, the EO said: “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through…

MicroStrategy to redeem $1.05B in convertible notes amid concerns over Bitcoin tax rules

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Key Takeaways MicroStrategy plans to redeem $1.05 billion in convertible notes due to potential tax implications from the CAMT. The CAMT poses a 15% tax rate on companies like MicroStrategy with substantial GAAP earnings from Bitcoin holdings. Share this article MicroStrategy has announced plans to redeem $1.05 billion in 0% convertible senior notes due in 2027. This decision comes as the company faces potential tax implications under new corporate alternative minimum tax (CAMT) rules introduced by the Inflation Reduction Act in 2022. MicroStrategy, the world’s largest Bitcoin-holding company, could be…

XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20

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Este artículo también está disponible en español. The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20.  XRP Long To Short Term Price Prediction According to a crypto analyst identified as ‘XRP Meesku’ on X (formerly Twitter), the XRP price is gearing up to skyrocket…

a16z cuts UK crypto plans as it shifts focus to Trump-era US opportunities

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Key Takeaways Andreessen Horowitz is scaling back UK crypto operations to refocus on US opportunities. Bitcoin prices have surged post-election as Trump’s executive order signals potential lighter regulations for crypto. Share this article Andreessen Horowitz (a16z), one of Silicon Valley’s leading venture capital firms, is shifting its crypto focus back to the US, scaling down its ambitions in the UK, according to a report from the Financial Times. The decision comes after Donald Trump’s re-election and his administration’s executive order aimed at promoting crypto assets and exploring a national digital…