Day: March 6, 2025

Texas House to advance or reject Bitcoin bill by May 24

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U.S. states may successfully front-run federal authorities on Bitcoin reserve policy as Texas lawmakers advanced a bill through the Senate. Texas policymakers in the state Senate approved a proposal to invest public funds in Bitcoin (BTC) with a 25-2 vote on Thursday, March 6, amid a U.S. crypto policy race. The bill has now moved to the House, which must act on the proposal by May 24. Dennis Porter, founder of the Satoshi Act Fund, said House members may expedite the process and land the proposal on the governor’s desk…

US crypto reserve could boost Bitcoin market cap by $460B — Research

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Creating a strategic cryptocurrency reserve in the United States could boost Bitcoin’s (BTC) market capitalization by roughly 25%, or approximately $460 billion, according to an analysis by Sygnum Bank shared with Cointelegraph.  US President Donald Trump’s plans for a national crypto stockpile, along with similar proposals across dozens of US states, could trigger a multibillion-dollar buying spree with a 20x multiplier effect on Bitcoin’s price, according to Sygnum, a crypto asset manager. “Because the liquid supply of bitcoin is very small […] larger inflows cause upward price shocks,” Katalin Tischhauser,…

Vlad Martynov on Ethereum ecosystem and venture capital in crypto

Co-founder of BR Capital and blockchain entrepreneur Vlad Martynov joins us for a special episode of the crypto.news show. In part 1, Martynov discusses his role within the Ethereum ecosystem, the future of venture capital in crypto, and how the current system of tokenomics is broken. Martynov also expands upon his role within the decentralized Zuzalu “network state” community, as well as new regulatory climates from the US, Europe, Asia, and beyond. In part 2, Martynov conducts a one-on-one with Ethereum co-founder Vitalik Buterin, in a crypto.news show exclusive. Turn…

Sam Bankman-Fried celebrates 33rd birthday in prison

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Former FTX CEO Sam “SBF” Bankman-Fried, sentenced to 25 years in 2024 for his role in misusing customer funds, gave another interview from prison before his 33rd birthday. Speaking to right-wing political commentator Tucker Carlson on March 5, Bankman-Fried talked about prison life since his sentencing and his thoughts on crypto regulation in the United States. Though Carlson did not directly ask the former FTX CEO whether he expected to receive a pardon from US President Donald Trump, SBF seemed to warm to some Republican ideas during the interview. Sam…

Mt. Gox Stirs The Market With $1 Billion Bitcoin Transfer

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Este artículo también está disponible en español. Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet. This occurs at a time when Bitcoin is trading at approximately $92,000, a level that has caused market volatility. The actions of the defunct exchange have sparked debate regarding whether this movement indicates imminent creditor repayments or something else entirely. Related Reading Large Bitcoin Transfer Raises Eyebrows Mt. Gox collapsed in 2014 following a major attack, and for years it has been in…

Russian Crypto Exchange Garantex Halts Services As Tether Targets Sanctioned Wallets

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Sanctioned Russian crypto exchange Garantex is announcing the suspension of its operations after Tether blocked its platform’s wallets. In a new Telegram announcement on Thursday, the Russian exchange says that Tether has blocked Garantex’s wallets, which contained over 2.5 billion rubles, about $28 million. “Dear users! We have bad news. Tether has entered the war against the Russian crypto market and blocked our wallets worth more than 2.5 billion rubles. We are temporarily suspending all services, including cryptocurrency withdrawals, while our entire team solves this problem. We are fighting and…

Bitcoin Price (BTC) Gives Up Early Gains as Rates Soar Globally

The latest in a series of reversed tariff threats by President Trump isn’t having the hoped-for effect on risk markets at least halfway through the U.S. trading day on Thursday. The stock market initially bounced off a sharply lower opening and bitcoin (BTC) rose through $91,000 as Commerce Secretary Howard Lutnick — in an appearance on CNBC — said the president would exempt Mexico from his new 25% tariff for any goods or services covered under a previous trade agreement. The nicer stance toward the country’s neighbor to the south was…

Texas Senate passes Bitcoin strategic reserve bill

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The Texas Senate passed the Bitcoin (BTC) strategic reserve bill SB-21 in a 25-5 vote on March 6, after deliberating the merits of the legislation on the Senate floor. Texas State Senator Charles Schwertner argued for the bill, saying that it would help the US state shore up its balance sheet with a valuable, scarce asset. Lawmakers also assuaged fears that Bitcoin was a direct competitor to the US dollar as a global reserve currency, adding that it was much more similar to gold. Texas State Senator Charles Schwertner addresses…

Bhutan’s Sustainable Bitcoin Mining Fuels Salary Hikes, Healthcare Initiatives

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Bhutan has quietly amassed nearly $1 billion in bitcoin reserves through sustainable hydroelectric mining, using the cryptocurrency to fund public services and positioning it as a strategic financial model for nations grappling with economic instability. How a Himalayan Kingdom Turned Bitcoin Into a Tool for Fiscal Resilience In a bold fusion of environmental stewardship and […] Original