BlackRock's IBIT Makes First BTC Purchase in 7 Days, Solana Founder Presents 3 Major Scenarios for US Strategic Reserve, Texas Senate Passes Bitcoin Reserve Bill: Crypto News Digest by U.Today

Stay updated on all of the industry's top events with U.Today's crypto news digest!

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Texas Senate Banking Committee greenlights Bitcoin reserve bill for floor voting

The Texas Senate Banking Committee unanimously approved a bill on Feb. 27 to create a state-managed Bitcoin (BTC) and crypto reserve, sending the proposal to the full Senate for consideration. Senate Bill 21 (SB-21), introduced by State Sen.

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Texas Strategic Bitcoin reserve bill advances to Senate floor

BTC strategic reserve legislation at the state level might prompt the US government to adopt a strategic reserve at the federal level.

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Oklahoma’s Bitcoin reserve bill passes State House vote amidst BTC price crash

A Strategic Bitcoin Reserve Bill is heading towards a full vote after passing in the Oklahoma State House Committee, despite BTC’s recent drop below $90,000. According to a state document, the Strategic BTC Reserve bill has been recommended to pass…

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Second Bitcoin reserve bill introduced in Georgia, now without investment limit

Another Bitcoin reserve bill has been introduced in Georgia to allow the state treasurer to invest in Bitcoin without limits, only 10 days following the first bill’s submission. If passed, the second Bitcoin (BTC) reserve bill introduced in the state…

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Bitcoin: Could Microsoft's quantum chip affect BTC reserve plans?

Utah's Bitcoin reserve bill has progressed to the second Senate reading.  Microsoft’s quantum chip timeline of 2027-2029 could put BTC at risk sooner than expected.  As plans for a BitcoThe post Bitcoin: Could Microsoft's quantum chip affect BTC reserve plans? appeared first on AMBCrypto.

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Georgia enters the Bitcoin reserve race with state BTC treasurer bill

Georgia State Senator Greg Dolezal has introduced Senate Bill 178, which aims to permit the state treasurer to invest in Bitcoin. The bill, co-sponsored by Senators Brandon Beach and Clint Dixon, has been added to the Senate Hopper for consideration.…

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Pro: North Carolina’s Strategic Bitcoin Reserve bill a ‘big deal’

North Carolina has joined a growing list of states seeking to legalize digital currencies, but according to Dan Spuller, this effort stands apart from the rest. More than a dozen U.S. states have introduced legislation to permit holding Bitcoin (BTC)…

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Abra Global CEO foresees a 'Cyclical Valhalla' for crypto - Why?

Bill Barhydt predicted major crypto gains driven by liquidity boosts and tax cuts. Chris Burniske sees the current dip as a "mid-bull pullback," not a market peak. Despite Bitcoin [BTC] faciThe post Abra Global CEO foresees a 'Cyclical Valhalla' for crypto - Why? appeared first on AMBCrypto.

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Bitcoin OG sees $700K BTC price, $16K Ethereum in this ‘Valhalla’ cycle

Bitcoin at $350,000 and an $8,000 Ether price are "base cases" for Abra's Bill Barhydt.

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South Dakota lawmaker proposes two Bitcoin Reserve bills, eyes 10% state fund allocation

South Dakota Representative Logan Manhart made two new legislative proposals on Jan. 30 aimed at incorporating Bitcoin (BTC) into the state’s investment strategy.   House Bill 1202 (HB 1202) would allow the state to allocate 10% of its public funds to Bitcoin.

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South Dakota and Kentucky lawmakers to propose Bitcoin reserve legislation

Lawmakers in Kentucky and South Dakota are preparing to introduce legislation to establish a Bitcoin (BTC) reserve in the next few weeks, according to statements made on Jan. 28. South Dakota Representative Logan Manhart announced that he will introduce a bill in the South Dakota House to create a strategic Bitcoin reserve.

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Critical US swing state passes ‘Bitcoin Rights’ bill to protect BTC holders

The Pennsylvania House of Representatives passed a bipartisan bill on Oct. 24 aimed at providing regulatory clarity for digital assets, marking a significant development in state-level efforts to address crypto regulation.

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Ohio senator introduces bill to legalize Bitcoin, crypto payments for state taxes, fees

Ohio State Senator Niraj Antani introduced legislation aiming to legalize Bitcoin (BTC) and other crypto payments for taxes and fees in the state of Ohio and its local political subdivisions. The bill — introduced on Sept.

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Crypto Victory In The UK? New Legislation Targets Legal Framework For Bitcoin And NFTs

In a move that could lead to a new era of digital asset ownership, the UK government has unveiled a new bill that aims to solidify cryptocurrencies such as Bitcoin (BTC), non-fungible tokens (NFTs), and tokenized assets as personal property.

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Michael Saylor explains his bullish view on BTC: Does the same apply to Poodlana?

The ongoing weakness in Bitcoin is far from sufficient for Michael Saylor to turn any less bullish on what the future holds for the world’s largest cryptocurrency by market cap. Part of his optimism stems from a strategic Bitcoin reserve bill that Senator Cynthia Lummis presented last week.

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Michael Saylor equates Lummis' BTC bill to 'Louisiana Purchase' - Why?

Saylor likens Lummis' Bitcoin bill to a "Louisiana Purchase moment" for U.S. crypto adoption. Despite Bitcoin's downturn, Saylor predicts potential long-term gains of up to $49 million per coinThe post Michael Saylor equates Lummis' BTC bill to 'Louisiana Purchase' - Why? appeared first on AMBCrypto.

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Bitcoin bill gains support, thousands push US senators to back it

U. S. citizens are backing a bill to create a Strategic Bitcoin Reserve following remarks from former President Donald Trump and Wyoming Senator Cynthia Lummis. According to Bitcoin (BTC) proponent Dennis Porter, nearly 3,000 U.

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Ex-senior White House exec: Bitcoin reserve bill could be a ‘disaster in the making’

As Senator Lummis pushes for Bitcoin to stabilize the U.S. dollar, Moe Vela warns of the risks. Read on. During the Bitcoin 2024 conference in Nashville on July 27, US Senator Cynthia Lummis proposed that the U.S. government consider Bitcoin (BTC)…

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Senator Lummis introduces BITCOIN bill, but don't get excited just yet

Senator Lummis officially introduced a bill to establish a U.S. strategic BTC reserve.  The fate of the bill remains unknown, as analyst claimed low odds of passing the U.S. Senate.  US seThe post Senator Lummis introduces BITCOIN bill, but don't get excited just yet appeared first on AMBCrypto.

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Lummis introduces legislation to establish 1 million Bitcoin strategic reserve for the US

Senator Cynthia Lummis introduced new legislation that aims to establish a Bitcoin strategic reserve for the US totaling at least 1 million BTC — 5% of the total supply. Lummis announced the new bill at the Bitcoin2024 conference on July 27 following former President Donald J.

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Bitcoin For Uncle Sam? Lawmaker Wants You To Pay Taxes In Crypto

Florida Congressman Matt Gaetz has ignited a fresh debate on the intersection of cryptocurrency and traditional finance. This week, Gaetz introduced a bill proposing Bitcoin (BTC) as a legitimate payment method for federal income taxes in the United States.

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Americans Could Use Bitcoin To Pay Federal Income Taxes If This New Bill Becomes Law

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US Congressman introduces bill to allow IRS accept Bitcoin for tax payments

US Congressman Matt Gaetz has introduced legislation that would require the IRS to accept tax paid with Bitcoin. If enacted into law, American taxpayers will have the option to pay taxes in BTC. US Representative Matt Gaetz (R-FL),has introduced a new bill that could see Americans pay their income tax with Bitcoin.

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Bitcoin Rights Secured In Louisiana: New Bill Protects BTC And Shuns CBDCs

Bitcoin, the leading cryptocurrency asset in the financial sector, is set to garner more recognition as the state of Louisiana has enacted a historic law that will safeguard BTC access while outlawing the use of Central Bank Digital Currencies (CBDCs).

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Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump

In a stark contrast to the performance of the broader crypto market, XRP continues to face significant challenges, according to statements from pro-XRP lawyer Bill Morgan. Despite a discouraging decline in the value of the crypto asset relative to Bitcoin (BTC) and 88% of the top 100 cryptocurrencies, Morgan maintains a bullish outlook on the asset.

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J.P Morgan, Wells Fargo hold Bitcoin now: Why are they interested in BTC?

Banks shift to Bitcoin investments, signaling changing views. US House passes bill easing SEC guidelines, showing crypto acceptance. In a new Form F13 filing, J. P. Morgan revealed an investmThe post J.

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Are Bitcoin (BTC) Whales Targeted With 1% Wealth Tax?

Bitcoin (BTC) community spooked with fake 1% wealth tax bill

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“Maybe I Should Buy Some Bitcoin” Asserts Billionaire Bill AckmanAs BTC Nears $70,000

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Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign

Compass Mining, a hosting company offering managed mining services to Bitcoin (BTC) miners, announced that both its CEO and CFO have resigned. The post Compass Mining denies allegations of $1.

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Bitcoin mining company Compass Mining loses facility for not paying electricity bill

Compass Mining is a Bitcoin (BTC) hosting company offering managed mining services to Bitcoin miners. The post Bitcoin mining company Compass Mining loses facility for not paying electricity bill appeared first on CryptoSlate.

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Will Bitcoin recover? US Senate crypto bill one of several catalysts to support BTC price

Bitcoin struggles to trade above $30K, and market participants await a long-awaited rally to new highs with every passing day. Considering that we haven’t seen this yet, are there any positives to keep crypto enthusiasts’ spirits high or is everything a negative? Cryptocurrency market crash overview The crypto markets have largely been sideways during the […] The post Will Bitcoin recover? US Senate crypto bill one of several catalysts to support BTC price appeared first on Invezz.

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New York State Assembly passes ban on new BTC mines that don’t use green power

The bill will now be carried with support to the State Senate for passing before a final sign-off into law by Governor Hochul.

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California Lawmaker Proposes New Bill to Adopt BTC as Legal Tender

On Feb 19, 2022, Political advisor Ian C.Calderon tweeted that he and BTC expert Dennis Porter were working on a Bipartisan legislature. He said he introduced a bill that seeks to make BTC a legal tender in California.

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U.S. Authorities Point Searchlight into Crypto’s Role in Trafficking

Republicans and Democrats in the Senate Banking Committee are putting preparations in top gear to introduce a bill that would mandate the Government Accountability Office (GAO) to critically study the role of bitcoin (BTC) and other cryptocurrencies in illicit activities such as human and drug trafficking, money laundering, terrorist financing as well as other onlineRead MoreRead More.

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New Bill Wants to Eradicate Crypto Activity in Russia

Russia has always been an interesting country when it comes to Bitcoin and other cryptocurrencies. A new proposed law would make it illegal to buy BTC with cash, and potentially lead to a seven-year jail sentence.

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Bitcoin (BTC) Scammers Impersonate Bill Gates and Endanger Almost 30K YouTubers

Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

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Bitcoin Explodes to $6,800 as S&P 500 Rallies 10% On Back of ‘QE Infinity’ & Coronavirus Bill

Bitcoin has continued to strengthen over the past few hours, rallying as high as $6,850 on Tuesday morning and now trading at $6,790 as of the time of this article’s writing. According to data from TradingView, the cryptocurrency has gained 4% since the trading session started, marking yet another day of gains. BTC remains below...

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Rhode Island Authorities Fostering Regulatory Clarity with New Blockchain Bill 

Rhode Island’s Representatives, David Place and Black Filippi have introduced a new bill aimed at creating regulatory clarity and making the state a safe haven for bitcoin (BTC) related businesses as well as blockchain innovators, according to a Forbes report on March 15, 2020.

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BitPay и Coinbase: популярность биткойна для платежей среди продавцов растет

По данным Coinbase и BitPay, количество платежей в BTC, принимаемых продавцами по всему миру, растет. За 2019 год Coinbase провела для клиентов транзакции на $135 млн, а BitPay – на $1 млрд. По словам директора по маркетингу BitPay Билла Зильке (Bill Zielke), оператор в 2019 году осуществил криптовалютные транзакции на $1 миллиард. При этом самой […]

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Millionaire Philanthropist Bill Pulte is Giving Away Bitcoin to People in Need

Millionaire philanthropist and “Inventor of Twitter Philanthropy” Bill Pulte “recently bought 11 bitcoins” and further “bought more Bitcoin” on Dec. 18, the day BTC price dropped to almost $6,400 before surging past $7,300.

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У Билла Пулте стало еще больше биткоинов

Глава инвестиционной компании Pulte Capital Partners Билл Пулте приобрел биткоин на просадке ниже $7000. I bought more Bitcoin today — Bill Pulte (@pulte) December 17, 2019 Ранее наследник строительной империи купил 11 BTC за $78 тысяч.

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