US State of Michigan Proposes Bitcoin Reserve Bill
Michigan state representatives Bryan Posthumus and Ron Robinson have introduced House Bill 4087, which, if passed, would allow the state to invest in cryptocurrencies such as Bitcoin.
Michigan state representatives Bryan Posthumus and Ron Robinson have introduced House Bill 4087, which, if passed, would allow the state to invest in cryptocurrencies such as Bitcoin.
A new proposal was put forth in the North Carolina House of Representatives on Monday, suggesting that the state treasurer should be permitted to invest in qualified digital assets in order to create a reserve fund.
The landfill located in Newport, Wales, where James Howells mistakenly disposed of a hard drive containing 7,500 bitcoins (currently valued at around $750 million or £620 million), has a planned closure date of 2025-26.
BlackRock is planning to launch a new exchange-traded product (ETP) linked to Bitcoin in Europe.
Strategy, a business intelligence company and holder of corporate Bitcoin, announced its fourth-quarter financial results on Wednesday.
Despite an earlier agreement with the International Monetary Fund (IMF) to reduce their involvement with cryptocurrencies, El Salvador has recently acquired 12 Bitcoin in the span of two days.
According to Matt Hougan, these inflows indicate the possibility of attracting over $50 billion by the end of 2025.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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