Bitcoin Goes Mainstream, Becomes World’s 7th-Largest Asset by Market Cap (Bitfinex)

Bitcoin’s (BTC) surge past initial resistance levels to new all-time highs last week led the cryptocurrency to become the world’s seventh-largest asset by market capitalization, a sign that it has gone mainstream. According to a Bitfinex report, BTC is now competing with Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Google (GOOG), Amazon (AMZN), and Gold (GOLD)….

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Cynthia Lummis Reaffirms Vision for a Strategic Bitcoin Reserve in America

Wyoming Senator Cynthia Lummis has reiterated her commitment to establishing a strategic Bitcoin (BTC) reserve for the United States. The lawmaker, known for her strong pro-crypto stance, highlighted these plans following the recent Republican victories in the Senate, more so of largely digital asset-friendly legislators. Senator to Move Forward With Strategic BTC Reserve Bill In…

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Michigan State Retirement Fund Now Holds More Ethereum Than Bitcoin

The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan the first U.S. state pension fund to invest in an Ethereum-based exchange-traded fund (ETF). Michigan Pension Fund’s Crypto Portfolio SMRS, which boasts more than $13…

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Florida Considers Bitcoin for State Pension Investments Amid Growing Appeal

🚀 Stay Ahead with AltcoinDaily.co! 🌐 Florida’s chief financial officer, Jimmy Patronis, is urging the agency overseeing the state’s retirement funds to explore Bitcoin investments, a move in line with a growing trend among U.S. states seeking to diversify their portfolios with cryptocurrency. In a letter to the executive director of the Florida State Board…

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Samara Asset Group Eyes $32.8 Million Bond Issuance To Increase Bitcoin Holdings

Este artículo también está disponible en español. In an October 14 announcement, Malta-based Samara Asset Group revealed plans to increase its Bitcoin (BTC) holdings through proceeds from a $32.8 million bond issuance. Samara Targets 1,000 Bitcoin Milestone Publicly-listed asset management firm Samara announced it had mandated investment bank Pareto Securities as a sole manager to…

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Caribbean’s Revival Mirrors the Growing Adoption in Argentina, Brazil, and Venezuela

After the downfall of FTX, the Caribbean’s cryptocurrency landscape entered a phase of doubt and decreased engagement, leading to a loss of trust in crypto platforms. However, starting in late 2023, there has been a notable revival in such activities across the region. Prominent blockchain analysis company Chainalysis said that users in the region increasingly…

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Strong U.S. Jobs Report Boosts Bitcoin Q4 Rally Prospects: Grayscale Exec

🚀 Stay Ahead with AltcoinDaily.co! 🌐 The recent September jobs report, which exceeded expectations, is signaling a potential shift in Federal Reserve interest rate cuts, but remains positive for Bitcoin. Zach Pandl, head of research at Grayscale, expressed optimism for Bitcoin’s trajectory in a recent interview, attributing its potential rise to growing investor appetite for…

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Former Chinese Finance Minister Calls for Closer Study of Cryptocurrency

At the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao urged China to re-evaluate its approach to the crypto industry. He cited the evolving international stance on digital currencies, particularly in the United States, where the asset class has gained political support from key figures like U.S. presidential candidate…

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70% of Top US Financial Advisors Now Hold Crypto, Client Adoption Could Follow Soon: Bitwise CIO

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has reported a shift in crypto adoption among the country’s top financial advisors. Reflecting on his speech at the Barron’s Advisor 100 Summit last Friday, Hougan noted that 70% of the attending financial advisors now personally hold cryptocurrency, a noteworthy increase from just two years ago…

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India Leads 2024 Crypto Adoption Index Despite High Tax Rate

India has again ranked as the leading country with local investors adopting crypto. The latest metric comes despite the government’s continuous efforts to discourage digital asset adoption. According to Chainalysis’ latest research, seen by CryptoPotato, India also led last year’s Crypto Adoption Index. India Leads Crypto Adoption The study ranked global countries based on their…

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Here’s How Much El Salvador’s Cold Wallet Amassed Since Mid-March by Bitcoin Daily

Since March 16, the Salvadoran government’s cold wallet address has consistently purchased 1 BTC daily. In the process, it has accumulated 160 BTC over more than five months. El Salvador’s Government Buys 1 BTC Daily According to the latest data shared by Chinese crypto data account EmberCN, this strategic accumulation has brought the nation’s total…

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