Travel Platform Unleashes Bitcoin Reserve Plan After Breaking $100M Revenue Mark

December 15, 2024 Bitcoin.com

Travel Platform Unleashes Bitcoin Reserve Plan After Breaking 0M Revenue Mark

Travala hits a $100M revenue milestone, launching a bitcoin-driven treasury plan to boost growth, enhance liquidity, and reshape the future of blockchain-powered travel. Travala Hits $100M Revenue Milestone, Unveils Bitcoin-Fueled Treasury Plan Travala, a Web3 travel platform, announced on Wednesday that it has surpassed $100 million in annual gross revenue, reinforcing its position as a […]

Ethereum liquid restaking TVL surges from 4M to B in 2024

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks

November 27, 2024 Coin Telegraph

Bitcoin

New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience.

A newly proposed bill in Brazil’s Congress plans to establish a sovereign federal Bitcoin Reserve, potentially reshaping the country’s approach to digital assets.

The bill was introduced on Nov. 25 by Congressman Eros Biondini and seeks the creation of a Sovereign Strategic Bitcoin Reserve known as RESBit.

According to the legislation, the Bitcoin (BTC) reserve could shield the country’s sovereign reserve from currency fluctuations and geopolitical risks while also serving as collateral for the country’s forthcoming central bank digital currency, dubbed Real Digital (Drex).

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Bitcoin reserve won’t solve US debt crisis: Think tank co-founder

November 21, 2024 Coin Telegraph

Avik Roy

Avik Roy, the president of a nonprofit think tank, said Senator Cynthia Lummis’ idea that Bitcoin could eliminate federal debt is an “overselling” of what Bitcoin can do.

United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to $35 trillion, the president of the nonprofit think tank says.

“When Senator Cynthia Lummis of Wyoming talks about how a Bitcoin reserve could help us eliminate the federal debt, that’s an overselling of what Bitcoin could do,” Avik Roy, president of the Foundation for Research on Equal Opportunity said on stage at the North American Blockchain Summit 2024 in Dallas, Texas on Nov. 20.

A scenario where the US buys an “enormous” amount of Bitcoin (BTC) that appreciates could help, Roy said, but it won’t catch the $35.46 trillion debt that has been rising nearly exponentially since the 1980s.

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Acurx Pharmaceuticals Allocates $1 Million to Bitcoin as Reserve Asset, Shares Slide 26%

November 20, 2024 Bitcoin.com

Bitcoin

Acurx Pharmaceuticals Inc. has decided to take a bold financial step, pledging up to $1 million toward bitcoin (BTC) as a treasury reserve asset. This move signals a pivot in financial strategy for the late-stage biopharmaceutical company. Biopharma Firm Acurx Adopts Bitcoin for Treasury Strategy The board of directors at Acurx Pharmaceuticals (NASDAQ: ACXP) greenlit […]

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Satoshi Action Fund’s Dennis Porter Heralds the Arrival of Nation-State Hyperbitcoinization

November 12, 2024 Bitcoin.com

bitcoin reserve

Dennis Porter, the co-founder of the Satoshi Action Fund, has recently revealed that several nations have contacted him to help establish a national bitcoin reserve. He stated that hyperbitcoinization at a nation-state level is advancing “faster than expected.” Satoshi Action Fund’s Dennis Porter: ‘The Lawmaker FOMO on Bitcoin Is Real’ The expected pro-crypto character of […]

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Metaplanet Boosts Bitcoin Holdings With $6.7 Million Investment

October 8, 2024 Bitcoin.com

Bitcoin

Metaplanet Inc., a company publicly listed on the Tokyo Stock Exchange, announced on Monday an additional purchase of 108.786 bitcoin for a total investment of 1 billion yen (approximately $6.7 million). The average purchase price was 9,192,359 yen per BTC. With this acquisition, Metaplanet’s total bitcoin holdings now stand at 639.503 bitcoin. The cumulative amount […]

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve

September 8, 2024 Bitcoin.com

bitcoin reserve

Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin represented a lifeline for many Venezuelans, that protected their wealth from rampant hyperinflation and announced a bitcoin donation campaign to help them in their democratic […]

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Bitcoin as a US reserve asset is ‘great for price’ but poses significant risks — Charles Hoskinson

August 9, 2024 Coin Telegraph

bitcoin reserve

While a strategic Bitcoin reserve may be good for price action, the US Treasury controlling 19% of the BTC supply raises unprecedented centralization concerns.

The idea of Bitcoin becoming the reserve asset of the United States poses significant centralization risks for the world’s first cryptocurrency despite being an optimistic price catalyst, according to Charles Hoskinson.

Making Bitcoin a reserve asset for the US was recently floated by presidential candidate Robert F. Kennedy Junior, who said that he would sign an executive order for the US Treasury to purchase a total of 4 million Bitcoin (BTC) worth over $242 billion at today’s valuation.

Notably, that would represent 19% of the Bitcoin supply, said Charles Hoskinson, co-founder of Input Output Global and Cardano.

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Senator Cynthia Lummis Proposes the US Accumulates 1,000,000 Bitcoin Amid Record-Level National Debt

July 29, 2024 The Daily Hodl

Bitcoin

A pro-crypto senator is proposing legislation for the US to stockpile 1 million Bitcoin (BTC) as the country’s national debt continues to rise. Speaking at the Bitcoin 2024 Conference, Republican Senator Cynthia Lummis of Wyoming announces that she will propose a bill to establish a BTC reserve as a means of securing the value of the […]

The post Senator Cynthia Lummis Proposes the US Accumulates 1,000,000 Bitcoin Amid Record-Level National Debt appeared first on The Daily Hodl.

Ethereum liquid restaking TVL surges from $284M to $17B in 2024

Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy

July 28, 2024 Bitcoin.com

Bitcoin

At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced […]

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