Strategy has repeatedly rejected the idea of releasing proof of reserves, citing various reasons for this stance. Recently, Strategy chairman Michael Saylor, the company CEO Phong Le, and Executive Vice President Andrew Kang provided new comments on why Strategy is so reluctant about releasing proof of reserves and outlined that increasing transparency is not impossible.
Twelve years after accidentally throwing away a hard drive containing 8,000 Bitcoin (BTC), James Howells is abandoning his long-running effort to excavate it from a Newport landfill. Instead, he plans to launch a new token inspired by the lost coins. Howells, whose quest included legal battles, drone surveys and a 25-million British pound offer ($33.3
A new nonprofit organization, the Tennessee Bitcoin Alliance (TNBTC), has been formed to accelerate bitcoin adoption across Tennessee through coordinated public-education programs and a focused legislative agenda. Its stated mission is to integrate bitcoin with commercial activity in the state. The organization was founded by seasoned technologists, entrepreneurs and political activists and aims to translate
Over the past three weeks, bitcoin (BTC) has been testing its local range lows near $115,800. Unfortunately, it gave way over the weekend, and the leading cryptocurrency fell to $112,000. Interestingly, altcoins followed suit, seemingly abandoning the bullish momentum they had ridden during this altseason. This raises the question of whether this decline is just
Institutional crypto firm Galaxy Digital was tasked with executing one of the largest Bitcoin sales in history at a pivotal time, according to Galaxy Digital CEO Mike Novogratz. During the company’s second-quarter earnings broadcast on Tuesday, Novogratz expressed relief that Galaxy’s recent sale of 80,000 Bitcoin, executed on behalf of a single client, was absorbed
Paolo Ardoino, the CEO of Tether, attributed nearly 40% of all blockchain gas fees to transactions sending USDT. He pointed out that hundreds of millions of users on ETH, Arbitrum, BSC, Solana, Polygon, TON, Avalanche, and Tron used USDT daily. Ardoino asserted that the Tether digital dollar (USDt) protected families in emerging economies against local
Slash, a San Francisco-based neobank for businesses, launched a payments and treasury platform powered by a new U.S. dollar stablecoin issued by Stripe’s Bridge on Tuesday. The product, called the Global USD Account, is aimed at companies seeking U.S. dollar access and cross-border payments without a U.S. bank account. It introduces Slash’s own stablecoin, USDSL,
Stablecoins have seen substantial growth since President Donald Trump signed the “GENIUS Act,” a stablecoin regulatory bill, into law on June 17. Coins tracked by DefiLlama have seen their collective market capitalization increase from approximately $251 billion to approximately $268 billion. This growth has had both winners and losers, with some stablecoins that have deeper
A significant shift is underway in the world of traditional finance, with the Michigan Bitcoin ETF making headlines. Recent SEC filings reveal that Michigan’s state pension fund has dramatically increased its holdings in the Ark Bitcoin ETF. This isn’t just a minor adjustment; it signals a growing confidence in digital assets from established financial institutions