The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state. What to know: Arizona will not be investing in bitcoin (BTC), at least not this year. Governor Katie Hobbs vetoed a bill on Friday that would have allowed the state to hold the digital asset as part of its […]
Circle is unveiling a new payments and cross border remittance product on Tuesday, from the firm’s One World Trade Center headquarters, according to an invite to the launch event. What to know: Circle, the firm behind the $60 billion USDC stablecoin, is launching a new payments and cross border remittance network on Tuesday — the […]
The purchase has brought Metaplanet’s total holdings to over 4,855 BTC. What to know: Publicly-listed Metaplanet announced fresh bitcoin (BTC) purchases on Monday as BTC went above $87,300, reversing last week’s loses. Metaplanet picked up 330 BTC bring its overall holdings to 4,855 BTC, worth over $420 million, based on current prices. This is the […]
When AI agents have the ability to create and promote their own cryptos, will humans still control monetary systems? It’s a question we should be thinking about, says Zoltan Istvan, a leading transhumanist thinker. There are many developers around the world today creating artificial intelligence (AI) agents that can autonomously do millions of useful things, […]
The company has spent $36.47 billion on bitcoin to date and remains the largest corporate holder of BTC. What to know: Strategy (MSTR) has added 6,556 bitcoin (BTC) to its balance sheet, spending $555.8 million in the process, according to a regulatory filing published on Monday. The purchase was funded using proceeds from the company’s two at-the-market […]
Stripe CEO Patrick Collison said a stablecoin tool for companies outside US, UK and EU is ready for testing. What to know: Stripe is preparing to test a new stablecoin payments product aimed at companies based outside the United States, the United Kingdom, and the European Union. The company’s CEO, Patrick Collison, confirmed on social media that […]
As countries like the U.S. and El Salvador buy bitcoin, yours should too. You’ve probably heard this at a dinner party: “If only we had bought Bitcoin ten years ago.” Now imagine that conversation echoing in the corridors of a central bank, where the stakes are a nation missing one of the most asymmetric financial […]
Legal experts say it may not significantly alter the types of cases the DOJ brings. Earlier this month, the Department of Justice disbanded its National Cryptocurrency Enforcement Team and said it would no longer pursue what Deputy Attorney General Todd Blanche described as “regulation by prosecution.” You’re reading State of Crypto, a CoinDesk newsletter looking […]
TD Cowen analysts evaluated the Strategy’s treasury activity against bitcoin trading volume and price action over the past six months. What to know: Despite its growing footprint as a major corporate holder of bitcoin (BTC), Strategy’s large-scale purchases of the cryptocurrency appear to have little, if any, influence on its price, according to a research […]
Turkey’s President Erdogan’s experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins. What to know: The week has begun on an interesting note, with the U.S. dollar crashing to three-year lows alongside losses on Wall Street, yet bitcoin (BTC), which usually […]