Key points: Bitcoin returns to $119,000 after a CME gap fill as new Galaxy Digital exchange transactions fail to sway the market mood. Nerves over “OG” BTC sales seem to have passed after last week’s 80,000 BTC transaction. Trading circles still see the potential for another BTC price dip. Bitcoin (BTC) returned to $119,000 on…
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The United States has filed a civil complaint seeking the forfeiture of $2.4 million in Bitcoin seized by the Dallas FBI, bolstering the proposed US Strategic Bitcoin Reserve. The civil complaint filed in the Northern District of Texas on Thursday calls for the forfeiture of 20.2 Bitcoin (BTC) seized from an address allegedly associated with…
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American billionaire and hedge fund manager Ray Dalio has recommended a 15% portfolio allocation into Bitcoin or gold to optimize for the “best return-to-risk ratio” in light of America’s crippling debt problem and currency devaluation. “[If] you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in…
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The US Securities and Exchange Commission (SEC) on Monday delayed its decision on the proposed Truth Social Bitcoin exchange-traded fund (ETF), extending the review deadline to Sept. 18 from Aug. 4. The fund, backed by the Trump Media and Technology group, is seeking approval to list the Truth Social Bitcoin ETF on the NYSE Arca exchange…
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Representative Tom Emmer, the sponsor of the US House’s Anti-CBDC Surveillance State Act, said the bill, if passed, would significantly limit the Federal Reserve’s ability to issue a central bank digital currency. In a Friday press call, the Minnesota representative spoke on the progress of the Anti-CBDC bill, which he introduced in the House in…
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Key points: Bitcoin’s tightening range trading signals a possible range expansion in the next few days. Select altcoins also face selling pressure, but remain above their near-term support levels. Bitcoin (BTC) continues to sell off at the $120,000 level, but the repeated retest of a resistance level tends to weaken it. If buyers do not…
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Key takeaways Dubai now has clear laws for buying property with crypto via VARA and the UAE Central Bank. Major developers like Damac and Emaar accept BTC, ETH and stablecoins for property sales. Crypto payments are faster, cheaper and easier for global buyers. Stablecoins and tokenized real estate are driving Dubai’s next property boom. It’s…
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Opinion by: Fahmi Syed, president of the Midnight Foundation Stablecoins have become the most sought-after innovation in blockchain since Bitcoin. Their appeal lies in their undeniable utility, offering the speed and flexibility of digital assets with the stability of fiat, becoming a natural link between traditional finance and decentralized systems. Now, stablecoins are enjoying a…
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A central bank digital currency (CBDC) alone will not be enough to challenge the rise of US dollar-pegged stablecoins, according to an adviser to the European Central Bank (ECB). In a blog post published Monday on the ECB’s official website, adviser Jürgen Schaaf outlined a range of strategic options for the European Union to address…
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Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, reported no Bitcoin buys last week despite the asset seeing volatility after breaking all-time highs in mid-July. Strategy’s Bitcoin (BTC) holdings remained unchanged at 607,770 BTC as the company opted not to buy more BTC last week, according to a US Securities and Exchange Commission…
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