Texas Senator discloses up to $100K BTC after blockchain endorsement

August 16, 2024 Coin Telegraph

Texas Senator discloses up to 0K BTC after blockchain endorsement

Assets

After visiting a Bitcoin mining facility and receiving the endorsement of a blockchain advocacy group, Senator Ted Cruz reported purchasing up to $100,000 worth of BTC in 2023.

Ted Cruz, the junior United States senator representing Texas, disclosed he purchased up to $100,000 worth of Bitcoin through financial services firm River Financial.

In an Aug. 13 disclosure filing with the US Senate, Cruz revealed he bought between $50,001 and $100,000 worth of Bitcoin (BTC) as part of his personal holdings in 2023. The filing came just one day after the advocacy group Texas Blockchain Council endorsed the senator for his 2024 reelection campaign, highlighting his views on crypto.

The Texas senator also reported he purchased Bitcoin in 2022, declaring between $15,001 and $50,000 worth of the cryptocurrency. His 2023 disclosure form did not include three BTC miners he claimed to have purchased in May, which will likely be officially reported sometime in 2025.

Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

Wazirx Moves Funds to New Wallets After $230M Crypto Theft

August 14, 2024 Bitcoin.com

Wazirx Moves Funds to New Wallets After 0M Crypto Theft

Assets

Indian crypto exchange Wazirx is in the process of migrating the remaining assets from custodian Liminal to new multisig wallets following a security breach that resulted in the theft of over $230 million. Wazirx claims that while its own systems remain secure, the custodian’s interface was compromised, prompting this precautionary measure. Wazirx Updates on Cyberattack […]

Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

Robert Kiyosaki Declares Market Crash Has Arrived — ‘Losses Are Substantial’

August 3, 2024 Bitcoin.com

Assets

Rich Dad Poor Dad author Robert Kiyosaki has declared that the stock market crash has arrived and “losses are substantial.” He stressed that the crash presents a lucrative opportunity for investors to buy assets at lower prices. Kiyosaki advised people to consider this downturn as a chance to get richer, predicting significant future gains in […]

Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

Fidelity exec says most investors should have some Bitcoin allocation

June 5, 2024 Coin Telegraph

Asset Management

The head of digital asset strategies at Fidelity Bank explained that most investors should have positions in Bitcoin regardless of their market thesis.

Matt Horne, the head of digital asset strategies at Fidelity Investments, argues investors should allocate at least a small portion of their portfolios to Bitcoin (BTC), regardless of their investment thesis on the decentralized currency.

In a June 4 CNBC report, Horne alluded to the problem of analysis paralysis plaguing many traditional investors and asset managers when it comes to investing in Bitcoin and the digital asset market:

"That's why you just have to understand why you might want to own this, understand the potential of this technology, and then position accordingly," he added.

Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

SEC Commissioner pitches safe space for digital securities experiment

May 30, 2024 Coin Telegraph

Assets

Hester Pierce said her “sandbox” pitch would offer opportunities for cross-border collaborations between blockchain firms without fear of regulatory threats.

Securities and Exchange Commissioner Commissioner Hester Pierce recently published a letter pitching a cross-border sandbox program between U.S and U.K. blockchain firms experimenting with tokenized securities.

Pierce's letter follows a joint proposal from the Bank of England (BOE) and the U.K.'s Financial Conduct Authority (FCA) to create a safe space for blockchain companies in the U.K. to test real-world implementation of tokenized securities issuance and trading without fear of reprisals from state regulators.

During a recent panel at Consensus 2024, Pierce explained the benefits of conducting a cross-border collaboration for tokenized asset exploration. Cointelegraph’s Turner Wright provided this statement from Pierce:

Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

JPMorgan Chase Warns Bank’s Assets May Be Seized in Russia After $1,460,000,000 Write-Off: Report

May 12, 2024 The Daily Hodl

Assets

JPMorgan Chase is preparing for the prospect that its assets in Russia will officially be seized, according to a new report. In a new filing, the bank says lawsuits in Russian and US courts may trigger an incoming seizure of the firm’s assets in the country, reports Reuters. Two weeks ago, a Russian court sided […]

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Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

$2,000,000,000,000 – $3,000,000,000,000 Wealth Transfer Happening This Year As ‘Largest Move of Assets in World History’ Approaches Climax: Report

May 4, 2024 The Daily Hodl

Assets

Big Four accounting firm Ernst & Young (EY) says the greatest transfer of wealth in human history is in motion, with trillions of dollars in assets passed down this year. In its Global Wealth Management Industry Report, EY estimates baby boomers will hand down up to $3 trillion in assets to their kin this year. EY […]

The post $2,000,000,000,000 – $3,000,000,000,000 Wealth Transfer Happening This Year As ‘Largest Move of Assets in World History’ Approaches Climax: Report appeared first on The Daily Hodl.

Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

Crypto Biz: The Bitcoin summer, Avalanche integrates with Stripe, and more

May 3, 2024 Coin Telegraph

Assets

This week’s Crypto Biz features the Lightning Network rollout on Coinbase, Avalanche integration with Stripe, MicroStrategy earning results and BlackRock’s new tokenized fund.

While developers have long focused on the Ethereum network, the Bitcoin ecosystem is making a comeback, with several initiatives now aiming to innovate on the original blockchain.

Recent developments include the growing ties between Bitcoin and decentralized finance (DeFi), driving the demand for layer-2 protocols to unclog the Bitcoin blockchain and reduce transaction fees as on-chain activity soars.

Major players like Coinbase are also reviewing Bitcoin offerings. The crypto exchange finally added the Lightning Network as an alternative for users seeking to transfer Bitcoin (BTC), following Binance’s similar move nearly a year ago.

Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

US State Holding $2,700,000,000 in ‘Free Money’ That’s Ready to be Claimed: Report

February 10, 2024 The Daily Hodl

US State Holding ,700,000,000 in ‘Free Money’ That’s Ready to be Claimed: Report

Assets

Billions of dollars in unclaimed assets are now being held across the US, and one state is pushing to let people know about it. Florida Chief Financial Officer Jimmy Patronis says the state is now holding a staggering $2.7 billion on behalf of its residents, reports the ABC-affiliated news station WFTV. “The state defines ‘unclaimed […]

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Senator Introduces Bill to Cement Texas as the First State With a Bitcoin Reserve

$1,000,000,000 in Unclaimed Assets Sitting in Bank Accounts and Owed to Customers in One US State: Report

January 5, 2024 The Daily Hodl

Assets

The amount of unclaimed cash and property unwittingly owned by Americans has surpassed $1 billion in one US state. Stats from North Carolina’s Treasury Department show residents have a significant pile of essentially free money waiting for them, reports the Charlotte-based NBC-affiliated news station WCNC. The unclaimed assets are hiding in a long list of […]

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