Michael Saylor: US Government Should Own Majority of Bitcoin in the World

July 27, 2024 Bitcoin.com

Bitcoin

Michael Saylor, executive chairman of Microstrategy, believes the U.S. government should hold the majority of the world’s bitcoin, arguing this would strengthen the U.S. dollar. Drawing parallels to historic acquisitions, he views bitcoin as a critical asset for the future. Saylor emphasized: “The country gotta look to the future, and the future of the country […]

Zimbabwe Injects M in Forex Market to Stabilize Currency

Zimbabwe Injects $50M in Forex Market to Stabilize Currency

Salvadoran Basic Goods Basket Rose to Historic Highs in June

July 27, 2024 Bitcoin.com

Basic goods basket

The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching $262.17. President Bukele recently expanded the action of the Farmers’ Markets and slashed import […]

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Ledger Releases New Touchscreen Hardware Crypto Wallet

July 26, 2024 The Daily Hodl

crypto

A prominent crypto firm is launching a new crypto hardware wallet with touchscreen capabilities. In a new announcement on the social media platform X, Ledger says that it is releasing a new product in its line of crypto wallets equipped with touchscreens. “Ledger Flex is here. Alongside Ledger Stax, Ledger Flex is the latest addition […]

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Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Bitcoin Could See More Upside After Bouncing From Major Support Zone, According to Trader – Here Are His Targets

July 26, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst says that Bitcoin (BTC) could have further upside after rebounding off a major support zone. In a new strategy session, crypto trader Rekt Capital tells his 483,300 followers on the social media platform X that the crypto king could shoot up past $71,000 over the Labor Day weekend. “Bitcoin successfully […]

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Michael Saylor: US Government Should Own Majority of Bitcoin in the World

UK Financial Regulator Slaps Coinbase Subsidiary With $4,500,000 Fine for Onboarding High-Risk Customers

July 26, 2024 The Daily Hodl

coinbase

UK’s Financial Conduct Authority (FCA) says it imposed a fine of £3,503,546 or about $4.5 million on CB Payments Limited (CBPL) for violating the voluntary agreement (VREQ) that the firm and the regulator entered into in late 2020. CBPL, a subsidiary of crypto exchange Coinbase, provides e-money and payment services to its customers, but the […]

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Michael Saylor: US Government Should Own Majority of Bitcoin in the World

US Department of State Highlights Bitcoin’s Significance for Tourism in El Salvador

July 26, 2024 Bitcoin.com

Bitcoin (BTC)

The U.S. Department of State has highlighted the relevance of recognizing bitcoin as a legal tender for the rebirth of tourism in El Salvador. In a recently released investment climate report, the department states that this factor has given significant publicity to El Salvador, contributing to its popularity as a tourist destination. U.S. Department of […]

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Lightning Labs Rolls out Taproot Assets Seeking to Bring Stablecoins to Lightning Network

July 26, 2024 Bitcoin.com

Bitcoin (BTC)

Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The institution aims to capitalize on the popularity and volume of stablecoins to establish bitcoin as the global routing currency. […]

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud

July 26, 2024 Bitcoin.com

bitcoin.com

Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between August 2021 and April 2022, promising to deliver cryptocurrency mining […]

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud

July 26, 2024 Bitcoin.com

bitcoin.com

The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited funds on the now-inaccessible Vims.one platform through a Whatsapp group led by “Mark” […]

Michael Saylor: US Government Should Own Majority of Bitcoin in the World

Digital Shekel Challenge: Bank of Israel Engages 14 Teams for Digital Currency Innovation

July 26, 2024 Bitcoin.com

bank of israel

The Bank of Israel has initiated the “Digital Shekel Challenge” to explore the potential of a central bank digital currency (CBDC) system inspired by the BIS Innovation Hub’s “Project Rosalind.” Fourteen teams from various sectors have been selected to propose innovative use cases. The challenge aims to integrate digital shekel with other payment systems and […]

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