In a letter to shareholders, the chairman of the world’s largest asset manager warned about the soaring U.S. debt and the possible competition that bitcoin poses to the U.S. Dollar. What to know: Still a big fan of digital assets, BlackRock CEO Larry Fink nevertheless said he’s not blind to the possible risks to the […]
A critique of Saylor’s store of value obsession and a case for the medium of exchange, and a case for why Bitcoin needs to be both. Michael Saylor, you were forced to realise that all the store-of-value assets are defective and pushed you to focus on the only asset that is not. That does not […]
Metaplanet purchased the bitcoin for an average purchase price of around 14.6 million yen and has spent a total of 10.15 billion yen to buy bitcoin. What to know: Japanese hotel company Metaplanet (3350) has purchased an additional 696 BTC ($58.5 million), taking its total stash to 4,046 BTC. Metaplanet purchased the bitcoin for an average purchase […]
A bill introduced to the Rhode Island Senate would enable the state’s residents to spend or sell just under $1,000 in bitcoin 10 times per month without incurring state capital gains taxes. Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to […]
A new bill submitted to South Carolina’s House of Representatives enables the State Treasurer to build a “Strategic Digital Assets Reserve”, which can include up to one million 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 […]
A new playbook for evaluating a Bitcoin Treasury Company—using purpose-built KPIs that go beyond traditional finance to measure Bitcoin-first strategy. In the world of traditional finance, evaluating a company’s success usually means tracking revenue growth, earnings per share, or return on equity. But what happens when the core of a company’s strategy isn’t selling products […]
The FCA’s intention is to create new rules for a more stringent regulatory regime, its director of payments said. What to know: The U.K.’s crypto industry has just over 12 months to prepare for an even stricter regulatory regime, a senior official with the country’s finance regulator said. Matthew Long, director of payments and digital […]
The overall stablecoin market, including tokens pegged to currencies and commodities, crossed $230 billion rising for the 18th consecutive month, CoinDesk Data’s report show. What to know: The market capitalization of tokenized gold climbed to a record $1.4 billion in March with trading volumes soaring to yearly highs, CoinDesk Data’s monthly stablecoin report shows. The […]
The seized funds represent just a portion of the more than $1.5 million in donations that the DOJ alleges flowed through the accounts. What to know: The U.S. Federal Bureau of Investigation (FBI) seized more than $200,000 in cryptocurrency from several wallets and exchange accounts linked to the Palestinian militant group Hamas, according to a Thursday […]
The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet. What to know: Just 24 hours after adding its name to the roster of companies pursuing a bitcoin (BTC) treasury strategy, GameStop (GME) — led by its CEO Ryan Cohen — is also adding its name […]