Rich Dad Poor Dad author Robert Kiyosaki, a strong proponent for Bitcoin, says it is “criminal” that kids are being taught from a young age to work for an inflationary currency while arguing the virtues of Bitcoin. “Poor people are poor because they have no idea what real money is. And so our academic system,…
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Around 42% of Bitcoin’s current circulating supply, or 8.3 million Bitcoin (BTC), could be “illiquid” by 2032 at the current rate of Bitcoin treasury firm buying, according to asset management firm Fidelity. In a report published on Monday, Fidelity identified two groups whose supply could be considered illiquid, with the criteria being that their Bitcoin…
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Crypto exchange Gemini has upped its initial public offering ahead of its debut on Friday and is now aiming for a valuation exceeding $3 billion, showing growing investor interest in crypto-related companies. The updated prospectus, filed with the Securities and Exchange Commission on Tuesday, said that the Cameron and Tyler Winklevoss-founded firm now intends to…
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US lawmakers have introduced a bill directing the US Treasury to examine and produce a report on the feasibility and technical considerations of the Strategic Bitcoin Reserve and US digital asset stockpile that President Donald Trump has ordered created. The House appropriations bill, introduced on Friday by Representative David P. Joyce, contains two sections that…
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Bitcoin exchange-traded products (ETPs) now hold more than 1.47 million Bitcoin, amounting to 7% of the cryptocurrency’s maximum 21 million coin supply. US-based exchange-traded funds for Bitcoin (BTC) have scooped up the largest share, with their holdings exceeding 1.29 million BTC held across all 11 funds as of Sunday, Aug. 31, according to data shared…
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There are now at least 92 crypto exchange-traded products awaiting a decision from the US Securities and Exchange Commission. Solana (SOL) and XRP (XRP) are the most sought-after crypto assets, with SOL having eight ETF applications pending and XRP having seven, according to new data from Bloomberg Intelligence’s ETF analyst James Seyffart. Source: James Seyffart…
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Crypto exchange Kraken met with the US Securities and Exchange Commission’s Crypto Task Force on Monday to discuss the tokenization of traditional assets and a tokenized trading system. A memorandum filed on Monday noted that SEC staff met with four representatives of Payward, Inc., Kraken Securities LLC, and two from the law firm Wilmer Cutler…
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Shares in electric vehicle maker Faraday Future Intelligent Electric fell almost 7% on Monday after the company filed its second-quarter earnings, which also came just a day after announcing a multibillion-dollar crypto reserve plan. Faraday Future Intelligent Electric (FFAI) saw a brief spike as the markets opened on Monday, but eventually closed the trading session…
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Lawmakers in the US state of Wisconsin introduced a bill in the state’s Senate to accompany an earlier bill filed in the lower house that aims to curb fraud occurring through crypto ATMs. Senator Kelda Roys, along with six other Democrats, introduced Senate Bill 386 on Monday as companion legislation to Assembly Bill 384, which…
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Former US Securities and Exchange Commission (SEC) chief of staff Amanda Fischer drew crypto community ire after comparing liquid staking to factors that exacerbated the 2008 global financial crisis. In a Tuesday staff statement, the SEC stated that it does not consider certain liquid staking activities to be security offerings and, as such, they do…
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