Illinois may soon become the first U.S. state to hold Bitcoin in its fiscal reserves if lawmakers approve the Strategic Bitcoin Reserve proposal referred to Rules Committee by John Cabello. On Jan. 29, the Bitcoin Strategic Bill was referred to the Rules Committee to establish regulations and fast-track its approval process. Illinois State Rep. John Cabello
Key Takeaways The Fed maintained rates at 4.25%-4.50%, with Powell avoiding commitments on future cuts while removing prior language on inflation progress. Bitcoin declined 1% following the Fed’s announcement but remains above $100K, currently trading just below $102K. Share this article The Federal Reserve maintained interest rates between 4.25% and 4.50% on Wednesday, while removing
The Federal Reserve Jerome Powell speech began with the Fed deliberately pausing to cut rates, which went against President Donald Trump’s demand to cut them. Trump is going to pin 100% of the blame for the market crash on Powell and then have the long knives brought out. Get ready. “The economy is strong; inflation
As expected, the US Fed didn’t lower the key interest rates in the first FOMC meeting of the year. BTC’s price had calmed over the past day or so at around $102,000 – $103,000 but started to lose value almost immediately after the decision came out. During the last FOMC meeting for 2024, the US
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin rebounds above $100k, Solana surges past $140, and Remittix gains traction as the next XRP. After witnessing a sharp decline in the past few days due to the upcoming US FOMC meeting, Bitcoin‘s
Key Takeaways Trump Media and Technology Group (DJT) is launching Truth.Fi, a fintech brand focused on financial services and investment products. The company will invest up to $250 million of its $700 million cash reserves into separately managed accounts, ETFs, and Bitcoin. Share this article Trump Media is expanding into financial services with Truth.Fi, planning
The heated lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) has suddenly disappeared from the SEC website. The case that started in December 2020 has no remaining references on the SEC website. This has led the crypto community to believe that after the Trump Administration and the new SEC leadership came
TL;DR Pi Network reminded its community to stay vigilant by relying solely on official communication channels to ensure maximum protection. Despite millions completing KYC procedures, some users remain stuck in the process. Pi Network urged them to take additional liveness checks and sign token acknowledgments to avoid delays in migrating to the long-awaited open mainnet.
Bitwise has submitted its official S-1 filing for a spot Dogecoin ETF, making its plans public with the SEC. Bitwise has officially filed with the U.S. Securities and Exchange Commission to launch a Dogecoin (DOGE) exchange-traded fund (ETF). The company submitted an S-1 registration on Jan. 28, which formalizes its intention to offer a spot
Key Takeaways Bitcoin remains above $100,000 ahead of the FOMC meeting. Fears of hawkish comments from Fed Chair Powell fuel caution, with broader markets showing pre-meeting volatility. Share this article Bitcoin is holding tightly to the $100K mark as traders brace for tomorrow’s Federal Open Market Committee (FOMC) meeting. After a 3% correction during Tuesday