Brian Armstrong, the CEO of crypto exchange Coinbase, denied reports that the White House is considering pulling support for the CLARITY Act, a crypto market structure bill, and also denied rumors that the administration is “furious” with Coinbase. “The White House has been super constructive here. They did ask us to see if we can…
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Steak ‘n Shake, a fast-food restaurant chain that accepts Bitcoin (BTC) payments at its stores, announced on Friday that its BTC corporate treasury grew by $10 million in notional value. “All Bitcoin sales go into our strategic Bitcoin reserve,” the company said, adding that adopting BTC as a treasury asset has led to a flywheel…
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Progress is being made toward establishing a Bitcoin (BTC) strategic reserve in the United States, but “obscure” legal provisions are holding up the process, according to Patrick Witt, the director of the White House Crypto Council. Several government agencies are discussing the legalities and regulatory issues of establishing a Bitcoin strategic reserve, including the Department…
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India’s Financial Intelligence Unit (FIU), a regulatory agency that sets anti-money laundering and know-your-customer regulations, issued new guidelines tightening rules for onboarding users to crypto platforms. The new rules force regulated crypto exchanges to verify users through live selfie pictures and geographic location verification, according to The Times of India. The live selfie pictures are…
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The Bitcoin (BTC) network mining difficulty, the relative computing challenge of adding a new block to the decentralized blockchain ledger, fell slightly to 146.4 trillion on Thursday, in the first difficulty adjustment of 2026. “The next Bitcoin difficulty adjustment is estimated to take place on Jan 22, 2026, 04:08:12 AM UTC, increasing the Bitcoin mining…
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The Bitcoin (BTC) community is celebrating the anniversary of cypherpunk and Bitcoin pioneer Hal Finney’s post on January 10, 2009, telling the world that he was running the Bitcoin node software “Running Bitcoin,” Finney said on X, formerly known as Twitter. Finney was the recipient of the first Bitcoin transaction on the network. He was…
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The passage of the Digital Asset Market Clarity Act of 2025, also known as the CLARITY market structure bill, hinges on bipartisan support in the United States Senate Banking Committee, according to Alex Thorn, head of research at crypto investment firm Galaxy. Typically, the Senate needs at least 60 votes to advance legislation, and Republicans…
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The Commodity Futures Trading Commission (CFTC), a US financial regulator, issued a no-action letter to crypto derivatives exchange Bitnomial on Thursday, clearing the way for the exchange to offer event contracts and prediction markets. The CFTC letter alleviates Bitnomial from the strict reporting requirements for asset swaps under current US rules, a hurdle that is impractical…
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The balance of power in the United States Congress may shift in favor of Democrats in the 2026 midterm elections, fueled by inflation concerns, threatening to undo regulatory policies under the Republican Party and US President Donald Trump, according to billionaire hedge fund manager Ray Dalio. “The affordability issue will probably be the number one…
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Metaplanet, a Bitcoin (BTC) treasury company, may have a financial edge over other digital asset treasury companies due to structural weakness in the Japanese yen (JPY), according to BTC analyst and crypto treasury company investor Adam Livingston. Japan’s debt-to-gross-domestic-product ratio is about 250%, Livingston said. This high debt level continues to weaken the yen, which…
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