President Trump is further integrating crypto into his business empire, allowing holders of his official memecoin TRUMP to purchase merchandise. Source link
Month: January 2025
Bitwise CIO says Bitcoin’s four-year cycle may be broken by Trump’s new crypto executive order
Key Takeaways Bitcoin’s historical four-year cycle suggests a major pullback in 2026, but Trump’s executive order may alter that pattern. Institutional adoption, regulatory clarity, and a growing mainstream financial presence could sustain the bull market longer than expected. Share this article Bitwise CIO Matt Hougan discussed in a note to investors that Bitcoin’s four-year cycle might be disrupted due to Trump’s new crypto-focused executive order. Bitcoin, currently trading above $102,000 with $100,000 as a support level, is expected to reach $200,000 in 2025 amid mainstream adoption and increasing flows into…
Forget About The Strategic Bitcoin Reserve For A Moment — Mining Censorship Is Back
Follow Aaron on Nostr or X. The news got buried in part due to Trump’s inauguration and subsequent rumblings of a Strategic Bitcoin Reserve (SBR), but developer b10c recently published research showing that F2Pool — a mining pool representing ~11% of hash power on the Bitcoin network — is censoring OFAC-sanctioned transactions… again. In case you don’t know what this means: the US Department of the Treasury’s Office of Foreign Asset Control (OFAC) maintains a list of sanctioned entities, including a number of Bitcoin addresses; it’s illegal to do business with…
CME Group to Launch Options on Its Bitcoin Friday Futures in February
CME Group, the world’s leading derivatives marketplace, has announced plans to introduce options on its Bitcoin Friday futures starting February 24, pending regulatory approval. These new contracts will be the first cryptocurrency options from CME Group to be financially settled, with expirations available each business day, Monday through Friday. Financially-settled options, also known as cash-settled options, are derivatives contracts where the settlement at expiration does not involve the physical delivery of the underlying asset. Instead, the profit or loss from the option is calculated based on the difference between the…
Digital Currency Group spins out new crypto mining subsidiary
Despite spinning off Fortitude Mining, Foundry retains the largest Bitcoin mining pool with over 30% of the network’s hashrate. Source link
Coinbase deepens ties to Trump with advisory council pick
Weeks after a meeting between Trump and Brian Armstrong to reportedly discuss personnel, the US president’s co-campaign manager will be joining Coinbase’s advisory council. Source link
Bitcoin sellers wait at $104K as Fed faces Trump rates pressure at FOMC
Bitcoin traders weigh the impact of US President Donald Trump’s interest rate demands on a hawkish Federal Reserve. Source link
Coinbase taps Trump’s 2024 strategist and former NY Fed president for its advisory council
Key Takeaways Coinbase has added Chris LaCivita, Trump’s 2024 campaign strategist, and Bill Dudley, former NY Fed president, to its advisory council. The council aims to provide strategic guidance for Coinbase as it seeks clearer regulatory frameworks in the US and internationally. Share this article Coinbase has added four new members to its Global Advisory Council, including Donald Trump’s 2024 campaign co-manager Chris LaCivita and former Federal Reserve Bank of New York President Bill Dudley. The expansion also brings former US Senator Kyrsten Sinema and international finance expert Luis Alberto…
Czech Central Bank Head Wants To Buy Bitcoin With 5% Reserve Allocation
The Czech National Bank (CNB) is contemplating a groundbreaking shift in its investment strategy by considering the allocation of up to 5% of its reserves into Bitcoin. This potential move, led by Governor Aleš Michl, could position the CNB as the first major central bank in the West to hold digital assets. BREAKING: 🇨🇿 Czech National Bank governor says #Bitcoin “has zero correlation to bonds and is an interesting asset for a large portfolio.” “Worth considering.” 🙌 pic.twitter.com/PqwlWEbpGy — Bitcoin Magazine (@BitcoinMagazine) January 29, 2025 Key Takeaways The CNB may…
Is Elon Musk plotting the mother of all blockchains?
Musk is said to be exploring public blockchains to curb wasteful government spending and stem fraud and abuse. Will it work? Source link