Kansas bill proposes government-managed Bitcoin reserve
To allow staking benefits to flow into a reserve fund, the idea aims to place abandoned digital assets under governmental custody. Legislators in Kansas have proposed legislation that would directly integrate digital assets into the state’s unclaimed property framework by establishing a state-run reserve fund for Bitcoin and digital assets. The law suggests that some […]
Crypto groups criticize FTC “kill switch” proposal after Nomad hack
Cryptocurrency trade associations in the United States have condemned a complaint lodged by the Federal Trade Commission, which alleged that a Utah-based company violated the law by developing software lacking a designated kill button. The software, a cryptocurrency bridge named Nomad, was hacked for around $200 million in 2022. Despite the developers’ successful recovery of […]
Crypto Stocks: Top Public Companies With High Exposure to Bitcoin & Blockchain
Traditional investors have been debating the best approach to get exposure to Bitcoin for decades. While some prefer indirect exposure through publicly traded companies whose business strategies or balance sheets are linked to the cryptocurrency, others prefer direct ownership, holding Bitcoin altogether in a wallet. Owning Bitcoin directly entails possessing the asset itself. Price growth […]
South Korean prosecutors investigate missing seized Bitcoin
Investigators at the Gwangju District Prosecutors’ Office in South Korea are examining the disappearance of a substantial quantity of bitcoin confiscated in a criminal case, following an internal review that indicated a potential loss while under state custody, as reported by Yonhap News on Thursday. According to the report, prosecutors contend that the bitcoin was […]
Saylor hints at more Bitcoin buys after $2B purchase
Michael Saylor has hinted at more accumulation by stating, “Thinking about buying more Bitcoin,” when both Strategy’s stock and BTC see a decline. Strategy executive chairman Michael Saylor said that the company’s Bitcoin acquisition initiative is unlikely to decelerate in the near future, sharing a succinct yet significant remark on X: “considering purchasing additional Bitcoin.” […]