Florida lawmakers have approved a state-level framework regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval. In a Friday post on X, Samuel Armes, founder of the Florida Blockchain Business Association, revealed that Senate Bill 314 has cleared the Florida Senate unanimously. The measure is set to become law once…
Vancouver, Canada, city staff said Bitcoin cannot be held in municipal reserves and recommended that the city council drop a proposal to create a Bitcoin reserve. City staff, led by Colin Knight, general manager of the Finance and Supply Chain Management Department, “conclusively determined” that Bitcoin (BTC) is not an “allowable investment” under the Vancouver…
Anthropic CEO Dario Amodei has reportedly reopened negotiations with the US Department of Defense in a last-minute effort to secure continued access to Pentagon contracts as the company faces the possibility of being labeled a supply chain risk by the Trump administration. Amodei has been holding discussions with Emil Michael, the US undersecretary of defense…
The Korean Stock Exchange was forced to halt trading after the escalating conflict in the Middle East prompted a major share price plunge on Wednesday. The South Korean Kospi and Kosdaq each plunged more than 10% during morning trading in Seoul, triggering a circuit breaker as the indexes saw their worst session since August 2024,…
The price of Bitcoin is close to its bottom, according to VanEck CEO Jan van Eck, pointing to the winding down of the four-year cycle. Speaking with CNBC on Monday, van Eck said his firm expects Bitcoin (BTC) to gradually start picking up this year, arguing that the four-year halving cycle has been the primary…
Bitcoin could benefit if artificial intelligence disrupts labor markets or creates volatility that prompts central banks to ease monetary policy, according to Greg Cipolaro, research lead at crypto services firm NYDIG. Cipolaro said in a research note on Friday that AI may prove to be a “general-purpose technology” such as electricity, and the macroeconomic effects…
Key takeaways: Bitcoin derivatives show persistent fear despite the current rally toward $70,000, as seen by futures premiums being pinned well below neutral levels. The markets’ cautious stance stems from broad risk-aversion and lingering concerns over institutional BTC liquidations and Bitcoin network security. Bitcoin (BTC) retested the $70,000 level on Wednesday, recovering from Tuesday’s low…
Ether’s price has already factored in much of the short-term macro risk and upcoming industry catalysts, setting it up for a period of sideways trading, according to a crypto analyst. “A lot of near-term uncertainty is priced into Ethereum,” Swyftx lead analyst Pav Hundal told Cointelegraph on Thursday. “It would not surprise me at all…
[ad_1] Bitcoin investors could finally be taking a break from selling, relieving some downward pressure on Bitcoin — though months of consolidation will likely lie ahead, says analyst Willy Woo. “This bearish sell-down by investors seems to have exhausted,” said Woo on X on Friday. This gives the price “a reprieve to consolidate sideways for…
[ad_1] Two people have been arrested in South Korea in relation to a case in which police lost 22 seized Bitcoin, now worth $1.4 million, after storing the coins in a third-party cold wallet. The news of the lost 22 Bitcoin (BTC) was first reported by local media in early February, with more details about…