Former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo has emphasized former U.S. President Donald Trump’s critical role in the cryptocurrency industry, dubbing him “America’s first crypto president” due to the approval of bitcoin futures during his administration. Trump’s crypto stance has evolved significantly since he was in office. ‘Trump May Justifiably Claim to Be […]

Skybridge’s Scaramucci: Institutional Adoption of Bitcoin Is Happening Now
https://news.bitcoin.com/skybridges-scaramucci-institutional-adoption-of-bitcoin-is-happening-now/

Anthony Scaramucci, founder of Skybridge Capital, believes that the institutional adoption of bitcoin is happening now. Highlighting recent developments like the State of Wisconsin Investment Board investing in Blackrock’s spot bitcoin exchange-traded fund (ETF), he predicts that other pension funds will make similar announcements. “Bitcoin now has the regulatory approval and I think that was […]

Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter
https://news.bitcoin.com/novogratz-predicts-bitcoin-trading-between-55k-75k-this-quarter/

Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set […]

DTCC Smart NAV Pilot Utilizes Chainlink for Blockchain-Based Mutual Fund Data
https://news.bitcoin.com/dtcc-smart-nav-pilot-utilizes-chainlink-for-blockchain-based-mutual-fund-data/

The Depository Trust & Clearing Corporation (DTCC) has announced the successful completion of its Smart NAV pilot, leveraging Chainlink’s technology to enhance its Mutual Fund Profile Service I (MFPS I). The initiative aims to bring trusted data to blockchain ecosystems, facilitating more efficient data dissemination and consumption. Chainlink Boosts DTCC’s Smart NAV Pilot DTCC’s Smart […]

Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
https://news.bitcoin.com/latam-insights-el-salvador-embraces-geothermal-bitcoin-mining-bitfarms-expands-its-capacity-in-paraguay/

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador produced nearly 474 bitcoin using geothermal energy, Bitfarms expanded the capacity of its Paraguayan bitcoin mining facility, and Bitso launched an in-house Web3 wallet. El Salvador Reportedly Mined Nearly 474 BTC […]

IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System
https://news.bitcoin.com/imf-acknowledges-russian-assets-confiscation-might-undermine-the-worlds-financial-system/

The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification to avoid threatening the world’s financial system. IMF Calls […]

Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining
https://news.bitcoin.com/paraguay-proposes-harsh-penalties-for-illegal-bitcoin-mining/

The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan police and prosecutors to seize and sell off mining equipment […]