{
Tim Ogilvie

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bitcoin reaches new heights as institutional adoption accelerates in 2024

Bitcoin has solidified its mainstream status with the approval of 11 exchange-traded funds, attracting over $113.5 billion by year-end and pushing its price to record highs of $100,000. MicroStrategy plans to expand its Bitcoin purchases significantly, while Crypto.com launches a custody service for US institutions. Meanwhile, Russia imposes a six-year ban on crypto mining in ten regions, and the IRS maintains that staking rewards are taxable upon receipt, setting a precedent for future taxation.
Cointelegraph
MicroStrategy Inc Crypto.com Staked ETH USD USA RUS Donald Trump Tim Ogilvie Kris Marszalek Show more
Finance & Economy, Market Report
22:30 27.12.2024

Texas House proposes strategic Bitcoin reserve amid rising crypto adoption

The Texas House of Representatives has introduced a bill to establish a strategic Bitcoin reserve, aiming to hold the asset for at least five years and collect donations, taxes, and fees in Bitcoin to combat inflation. This initiative follows a surge in Bitcoin's value after Donald Trump's political success, with several states exploring similar measures. Meanwhile, a partnership between Tools for Humanity and Modulus Labs aims to enhance the security and scalability of the World network, which has seen significant user adoption despite regulatory challenges.
crypto.news
United States Dollar BlackRock, Inc. Kraken Energy Corp. USA Donald Trump Tim Ogilvie Cynthia Lummis Vishruti Ganesh Daniel Shorr Ende Shen Ryan Cao Makis Arsenis Anthony Scaramucci Ben Wilson Giovanni Capriglione Andrew Sorrell Show more
Cryptocurrency News, News Article
19:24 12.12.2024
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