Tag: Digital

Michael Saylor Raves About the U.S.’s $10 Trillion World Reserve Digital Dollar Opportunity

Michael Saylor, co-founder and executive chairman of Microstrategy, has discussed the opportunity for the U.S. to make the dollar ubiquitous by building a regulatory framework that allows U.S. banks to issue their treasury-backed stablecoins. Michael Saylor Discusses US Banks’ Upcoming Digital Dollar Adoption Michael Saylor, bitcoin visionary, co-founder, and executive chairman of Microstrategy, the first […] Source CryptoX Portal

US Senator Declares 2025 the Year for Bitcoin and Digital Assets, Pledges Sweeping Crypto Laws

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U.S. Senator foresees 2025 as a pivotal year for cryptocurrency, highlighting plans for a strategic bitcoin reserve and sweeping pro-crypto legislation under new leadership. Strategic Bitcoin Reserve and Digital Asset Laws Set to Redefine 2025 U.S. Senator Cynthia Lummis (R-WY) reiterated her strong support for cryptocurrency in a post on social media platform X Tuesday, […] Original

EU Parliament Member pushes for a strategic Bitcoin reserve and says ‘no’ to digital euro

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French Parliament Member, Sarah Knafo, urges the EU to ‘bet on Bitcoin’ by building national strategic Bitcoin reserves while rejecting the central bank’s plan for a digital euro. In a video shared on her X account on Dec. 17, Knafo delivered a speech in parliament, calling for European nations to start building national Bitcoin (BTC) reserves, develop the crypto mining industry and stop hiking up taxes on crypto holders. “It’s time to bet on freedom, it is time for our states to bet on Bitcoin. To build national strategic reserves.…

French MP Sarah Knafo Calls for Bitcoin Reserves, Slams EU’s Digital Euro Plan

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In a recent address, European Parliament member Sarah Knafo discussed El Salvador’s bitcoin adoption and hinted at President-elect Donald Trump potentially considering a strategic bitcoin reserve. Knafo later shared her speech on X, writing, “no to the digital euro” and “yes to a strategic bitcoin reserve.” ‘Let’s Dare to Be Free’: Sarah Knafo Urges Nations […] Original

Cryptocurrency Market to grow by USD 34.5 Billion (2024-2028), driven by rising investments in digital assets, Report on AI’s impact on market trends – Technavio

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NEW YORK, Dec. 15, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global cryptocurrency market size is estimated to grow by USD 34.5 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.64% during the forecast period. Rising investment in digital assets is driving market growth, with a trend towards acceptance of cryptocurrency by retailers. However, volatility in value of cryptocurrency poses a challenge. Key market players include AlphaPoint Corp., Binance Holdings Ltd., Bitcoinforme S.L., Bitfury Group Ltd., CEX.IO Ltd, Coinbase Global…

Russian State Duma Deputy Chairman Calls out Tariff Bluff, Remarks on Digital Currencies’ Role in Freeing International Trade

Alexander Babakov, Deputy Chairman of the Russian State Duma, called out President-elect Trump’s recent threats regarding the hypothetical implementation of a 100% tariff regime on the BRICS bloc, stating that such an application was unlikely. Russian State Duma Deputy Chairman: Trump Unlikely to Proceed With 100% Tariff Threat President-elect Trump still has officials worried about […] Source CryptoX Portal

Congress Shakeup: New Committee Chair Fuels Crypto Bulls With Digital Asset Agenda

Rep. French Hill’s election as House Financial Services Committee Chair signals a bullish outlook for crypto investors, with promises of regulatory clarity and innovation-friendly policies ahead. Digital Assets and Fintech Face a Turning Point With Committee’s New Chair Congressman French Hill (R-AR) has been elected as the next Chairman of the House Financial Services Committee, […] Source CryptoX Portal

Digital Assets Investments Hit Record $3.85 Billion Weekly Inflow

Coinshares digital assets report showed a significant surge in digital asset inflows, reaching $3.85 billion. Record Breaking Inflows Into Digital Asset Investment Digital asset investment products had the biggest weekly inflows ever at $3.85 billion, shattering the previous record established only a few weeks earlier. Coinshares‘ analysis of last week’s (Dec. 2 – Dec. 6) […] Source CryptoX Portal

HIVE Digital shares climb 6% as miner targets 2% of Bitcoin network

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HIVE Digital revealed its November 2024 production results, including 103 BTC mined and a 67% year-over-year growth in its Bitcoin holdings. Bitcoin (BTC) mining firm HIVE Digital released its November 2024 production results, reporting a 67% increase in its BTC holdings compared to the previous year. In a Dec. 9 press release, the firm revealed it had mined 103 BTC in November, bringing its total HODL portfolio to 2,713 BTC as of Nov. 30. In terms of mining capacity, HIVE maintained an average of 5.3 EH/s, with the firm’s peak…

US Treasury Acknowledges Bitcoin as ‘Digital Gold’ in Fiscal Report

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The U.S. Treasury’s Fiscal Year 2024 Q4 Report describes how “digital assets have witnessed rapid growth albeit from a small base,” highlighting bitcoin’s “primary” function as a “store-of-value.” Treasury’s Bitcoin Remarks Ignite Conversations Among Enthusiasts On Saturday, enthusiasts on X buzzed over the Treasury’s comparison of bitcoin to “digital gold.” The report, crafted by the […] Original