Bitcoin

A collection of 565 posts

Bitcoin

Trump’s One Big Beautiful Bill Lacks Bitcoin Tax Provisions as Advocacy Grows

The “One Big Beautiful Bill” (H.R.1), a sweeping legislative proposal introduced in the 119th Congress, has sparked interest within the Bitcoin and cryptocurrency community. Recent claims made by Bitcoin Magazine CEO David Bailey suggest the bill may include provisions to exempt Bitcoin transactions under $600 from capital gains

Strategic Bitcoin Reserve

Trump Admin Considers Disclosing US Bitcoin Holdings as Strategic Reserve Plans Advance

The Trump administration is weighing a significant move to enhance transparency in its cryptocurrency strategy by potentially releasing a Treasury Department report detailing the US government’s Bitcoin holdings. Bo Hines, senior advisor to President Trump on digital asset policy, announced on Thursday that the administration might voluntarily publish these

Regulations

FHFA Directs Fannie Mae and Freddie Mac to Include Crypto in Mortgage Loans

The Federal Housing Finance Agency (FHFA) has issued a new directive ordering Fannie Mae and Freddie Mac to develop plans for incorporating Bitcoin and cryptocurrency assets into mortgage underwriting processes. This move, announced by FHFA Director William Pulte on June 25, 2025, aligns with President Trump’s vision to establish

Markets

Bitcoin Surges Past $108,000 as Geopolitical Tensions Ease and Fed Signals Steady Rates

Bitcoin soared beyond $108,000 on Wednesday, June 25, 2025, recovering from weekend losses triggered by heightened Middle East tensions. The cryptocurrency had slipped below $100,000 on Sunday amid Israeli missile strikes on Iran and retaliatory Iranian air raids. A tentative ceasefire agreement between the two nations, announced on

Crypto

Barclays Halts Bitcoin and Crypto Credit Card Transactions as Global Mainstream Push Grows

British banking giant Barclays announced it will cease processing Bitcoin and cryptocurrency transactions on its credit cards starting June 27, 2025, according to a notice on its official website. The decision aligns with similar moves by other major lenders but contrasts with the growing global acceptance of cryptocurrencies, particularly in

Bitcoin

Texas Becomes First State to Commit $10 Million to Bitcoin Treasury Reserve

Texas has taken a groundbreaking step in the world of crypto by becoming the first U.S. state to establish a publicly funded Bitcoin reserve. Governor Greg Abbott signed Senate Bill 21 into law over the weekend, allocating $10 million to purchase Bitcoin and create a state-managed cryptocurrency treasury. This

Bitcoin

Anthony Pompliano’s Procap Buys $385 Million in Bitcoin for Treasury Strategy

Anthony Pompliano’s newly launched Bitcoin treasury company, Procap, has made a significant move by acquiring 3,724 BTC at a time-weighted average price of $103,785 per coin, according to a Tuesday announcement. Valued at approximately $385 million, this purchase marks the firm’s first major step toward its

Markets

Bitcoin Surges Past $105K as Israel-Iran Ceasefire Sparks Crypto Rally

Bitcoin (BTC) staged a remarkable recovery on June 23, 2025, climbing back above $105,000 after a brief dip below the $100,000 mark earlier in the day. The price movement came amid heightened geopolitical developments in the Middle East, with markets reacting to an Iranian missile strike on a

Bitcoin Mining

No, Iran Wasn't Running Nuclear Powered Bitcoin Mining ASICs

On June 21, 2025, the global Bitcoin mining hashrate experienced a dramatic 25% decline, sparking widespread speculation about its connection to U.S. military strikes on Iranian nuclear facilities. The timing of the airstrikes, announced by President Donald Trump at 7:50 PM EDT, coincided almost in sync with the

Markets

Bitcoin Drops to $98K as Iran’s Strait of Hormuz Closure Threat Rattles Market

Bitcoin experienced a sharp decline on Sunday, June 22, 2025, falling from a recent high of nearly $103,000 to around $99,700, triggered by escalating geopolitical tensions in the Middle East. The price drop followed Iran’s Parliament approving the potential closure of the Strait of Hormuz, a critical

Markets

Bitcoin Price Falls After U.S. Bombs Iran and Sparks Market Turmoil

The crypto market faced a sharp downturn on Saturday evening following U.S. President Donald Trump’s announcement of a successful airstrike targeting three nuclear sites in Iran. Bitcoin, the leading digital asset, dropped to $100,945 per coin, erasing roughly $40 billion from the crypto market’s value in

Stablecoin

Stablecoins Undermine Decentralization and the Vision for Financial Freedom

In 2008, Satoshi Nakamoto introduced Bitcoin with a revolutionary idea: a decentralized, peer-to-peer digital cash system that bypassed banks, governments, and intermediaries. The Genesis block’s embedded message, referencing a 2009 news headline about bank bailouts, underscored Bitcoin’s purpose as a rebellion against a flawed financial system. It promised

Elon Musk

Elon Musk's X Platform Set to Launch Financial Services Including Investments and Trading

X (formerly Twitter), the social media platform owned by Elon Musk, is poised to transform into a comprehensive financial hub, with chief executive Linda Yaccarino announcing plans to enable users to make investments and trades directly on the platform. Speaking at the Cannes Lions advertising festival, Yaccarino outlined a vision

Lightning Network

Lightning Network Wallet Alby Faces Uproar Over Inactivity Fees and Unauthorized Bitcoin Withdrawals

The Lightning Network wallet Alby is under fire as users express outrage over a policy that has led to unexpected Bitcoin withdrawals from inactive accounts. Labeled as “inactivity fees,” these deductions have sparked heated debates about transparency, custodial risks, and the broader challenges facing the Lightning Network. The controversy, which

Ross Ulbricht

Ross Ulbricht, Early Bitcoin Pioneer, Calls for Prison Reform at FreedomFest 2025

Ross Ulbricht, the founder of the Silk Road and early Bitcoin pioneer, delivered a powerful speech at the FreedomFest conference in California on Friday, marking his second public appearance since his release from prison. Recently pardoned by President Donald Trump, Ulbricht used the platform to share his gratitude for his

El Salvador

El Salvador Sees Sharp Decline in Crypto Remittances Amid Policy Shifts

El Salvador’s experiment with cryptocurrency as a tool for economic growth seems to have hit a roadblock, with remittances through digital wallets plummeting nearly 45% in the first four months of 2025. Official data from the Central Reserve Bank (BCR) reveals that the country received just $16 million in

Markets

Bitcoin Holds Steady Near $106,000 Amid Israel-Iran Conflict

Bitcoin demonstrated notable resilience on Friday, June 13, 2025, trading close to the $106,000 mark despite heightened geopolitical tensions in the Middle East. The leading cryptocurrency reached a daily high of $106,261 and was trading at $105,988 at the time of this report, reflecting a nearly 2%

Markets

Israeli Airstrikes on Iran Spark Tension and Crypto Market Turmoil

On Thursday, June 12, 2025, a dramatic escalation in the long-simmering conflict between Israel and Iran unfolded as Israeli forces launched a series of airstrikes targeting Iranian nuclear and military sites, with explosions reported across Tehran. The Israel Defense Forces (IDF) confirmed the operation as a preemptive strike which they

Malware

Crocodilus Malware Variant Targets Bitcoin and Crypto Wallets with Advanced Seed Phrase Collector

A sophisticated new variant of the Crocodilus mobile malware is raising alarms among crypto users, as it now features an automated seed phrase collector designed to steal sensitive data from Bitcoin and crypto wallets. The Mobile Threat Intelligence (MTI) team at Threat Fabric, a leading cybersecurity firm, issued a warning

Bitcoin Mining

Trump's American Bitcoin Mining Company Buys $24 Million BTC for Treasury

A newly formed Bitcoin mining company called American Bitcoin which is backed by Eric Trump and Donald Trump Jr., has made a significant move by acquiring 215 BTC, valued at approximately $24 million as of May 31. This purchase, detailed in a June 6 filing with the U.S. Securities

Development

Bitcoin Core Lifts OP_RETURN Limit in Major Policy Shift for v30 Release

The primary open source software implementation group behind the Bitcoin network called Bitcoin Core, has officially merged a pull request to eliminate the longstanding 83-byte limit on OP_RETURN data, a change set to take effect with its version 30 release in October 2025. This adjustment raises the limit to

Bitcoin

Bitcoin Surges Past $110,000 as ETF Inflows and Market Optimism Drive Recovery

Bitcoin has reclaimed its upward trajectory, soaring past $110,000 on June 9, 2025, as investors poured back into digital assets following last week’s selloff. The world’s leading cryptocurrency hit an intraday high of $110,631, rebounding from a daily low of $105,767, and was trading at

Exchange

Spain’s New Tax Bill Targets Bitcoin and Crypto with Seizures and Strict Reporting

The Spanish government has taken a significant step toward tightening its grip on cryptocurrency and taxation, with the Council of Ministers approving a bill on Tuesday that mandates cryptocurrency exchange providers to report user transactions and balances to the Spain Tax Agency. This legislative move, driven by the European Union’

Bitcoin

Bitcoin Core Statement on Non-Financial Transactions Sparks Debate Over Network Governance

A recent statement from the open-source development group behind the Bitcoin software, called Bitcoin Core, has reignited discussions about the network’s governance and its handling of non-financial transactions. Addressing the growing use of protocols like Ordinals and Inscriptions, which leverage Bitcoin’s OP_RETURN function to embed data such

Tariffs

Trump Announces Renewed US-China Trade Talks, Boosting Bitcoin and Crypto Markets

President Donald Trump has reignited optimism in global markets by announcing a fresh round of trade negotiations with China, scheduled for Monday, June 9, 2025, in London. The announcement comes just one week after Trump accused China of breaching a prior trade agreement, a claim that had fueled market uncertainty