Texas has officially become the third U.S. state to establish a government-run Bitcoin reserve, signaling a growing and significant trend of digital asset adoption at the state level. Governor Greg Abbott’s signing of Senate Bill 21 into law empowers the Texas Comptroller to strategically allocate state resources into Bitcoin, forming a newly created fund that…
In a decisive move to combat a growing wave of financial scams, the Spokane City Council in Washington State has unanimously voted to ban all virtual currency kiosks, including crypto ATMs, from within city limits. This ordinance directly targets approximately 50 machines currently located in various convenience stores, gas stations, and major retail outlets such…
Investors in burgeoning crypto-treasury companies are increasingly bracing themselves for what might seem like a mundane event: routine SEC filings. However, as demonstrated by the recent sharp decline in SharpLink Gaming Inc.’s shares, these seemingly administrative procedures can trigger significant market reactions and unleash substantial selling pressure. This evolving dynamic highlights a unique challenge for…
In a momentous development for the burgeoning digital asset industry, the United States Senate has officially passed a groundbreaking bill aimed at establishing a comprehensive regulatory framework for USD-pegged cryptocurrency tokens, widely known as stablecoins. This legislative triumph, which occurred on June 17, signifies a pivotal shift in how digital currencies are viewed and governed…
The burgeoning cryptocurrency market, now valued at an astonishing $3.31 trillion in digital assets, presents a paradox: it remains largely uninsured, despite robust demand for coverage. A recent commentary from AM Best illuminates this significant gap, revealing that a mere 11% of global cryptocurrency holders currently possess insurance. This stark disparity between the vast potential…
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