Workers in Brazil could receive part of their salaries in Bitcoin or other cryptocurrencies if the National Congress approves a new bill that seeks to regulate this form of payment. The proposal, identified as PL 957/2025, was presented by Deputy Luiz Philippe de Orléans-Braganza and raises the possibility of employers and employees agreeing to the […]
US Inflation Slows in February, Bitcoin Surpasses $84,000
Inflation in the United States showed signs of moderation in February, with consumer prices rising 0.2 percent compared to January, according to the Consumer Price Index (CPI) data released on Wednesday. On an annual basis, inflation fell to 2.8 percent, down from 3 percent the previous month. Following the release of the report, Bitcoin reacted […]
Mark Carney will be the new Prime Minister of Canada: What does this mean for Bitcoin?
Mark Carney, former governor of the Bank of England and the Bank of Canada, is about to become the next Prime Minister of Canada. However, his rise does not seem to be good news for Bitcoin (BTC), as he has been a constant critic of cryptocurrencies. On March 9, Carney won a resounding victory with […]
IMF Demands El Salvador Prohibit Bitcoin Accumulation in the Public Sector
The International Monetary Fund (IMF) has called for new restrictions on Bitcoin purchases by El Salvador’s public sector as part of an expanded $1.4 billion financing agreement with the country. On March 3, the IMF issued a new request under this agreement, presenting several documents, including an update to the staff statement and a statement […]
Bitcoin ETFs Experience Record $1 Billion Outflows on Worst Day Yet
U.S. spot Bitcoin ETFs faced their most significant outflows on Tuesday as Bitcoin dropped below $88,000, triggering the largest single-day capital flight in the history of these investment vehicles. Fidelity’s FBTC was the hardest hit, followed closely by BlackRock’s ETF. Spot Bitcoin exchange-traded funds (ETFs) in the U.S. endured a sharp sell-off on Tuesday as […]
Bitcoin Reaches Low of $88,000 as Investors Shun Risk
Bitcoin (BTC) is falling sharply to reach lows of the beginning of November, leaving behind the bull run that boosted Donald Trump’s victory as a series of factors are causing risk-averse sentiment among investors. The largest and longest-standing cryptocurrency declined just over 8% in a 24-hour period on Tuesday morning (EDT) to trade at a […]
Utah Speeds Up the Process to Become the First U.S. State with a Bitcoin Reserve
In a historic move, Utah is preparing to become the first state in the U.S. to create a Bitcoin reserve. This initiative has gained support from Dennis Porter, CEO of Satoshi Action Fund, who emphasizes how Utah’s short legislative session enables faster action in the crypto sector. Rapid Legislative Action As Porter explains, Utah’s legislative […]
Poland Increases Its Presence in the Bitcoin ATM Market
Poland has climbed the global rankings for Bitcoin ATMs, overtaking El Salvador to become the fifth-largest country in the world for the number of these devices. As of January 27, Poland added 10 new Bitcoin ATMs, raising its total to 219. This marks significant progress, placing it behind only the United States, Canada, Australia, and […]
Top Italian Bank Buys $1 Million Worth of Bitcoin: Report
Intesa Sanpaolo, Italy’s largest bank by assets under management and market capitalization, has taken a significant step into the cryptocurrency space with its first-ever Bitcoin purchase. The bank reportedly invested €1 million (approximately $1 million) in Bitcoin, according to an internal note cited by Bloomberg and other media outlets. “As of today, January 13, 2025, […]
Governor of the Czech National Bank Considers Bitcoin a Forward-Looking Reserve
Central bank governor Aleš Michl recently stated that he is considering investing in Bitcoin as part of the bank’s diversification strategy. The governor of the Czech National Bank, Aleš Michl, suggested the possibility of including Bitcoin in the country’s foreign exchange reserves, highlighting growing governmental interest in cryptocurrency as a potential savings technology. In an […]