VanEck Gives Official Backing To Donald Trump’s Bitcoin Reserve Strategy

On Tuesday, Matthew Sigel, the head of digital asset research at asset management firm and crypto exchange-traded fund (ETF) issuer VanEck, officially endorsed President-elect Donald Trump’s proposal for a national strategic Bitcoin reserve.

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US Bitcoin reserve asset bill could pass in Donald Trump’s first 100 days – Senator Cynthia Lummis

US Senator Cynthia Lummis remains hopeful that her proposal to establish a national Bitcoin reserve could pass within the first 100 days of Donald Trump’s second presidential term. On Nov. 11, Lummis shared on X that bipartisan backing could propel the bill forward if public support strengthens.

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Bitcoin finally breaches $80K: What will BTC's next ATH be?

Around 4.27% of Bitcoin's supply was backing spot exchange-traded funds at press time. Analyst forecasts a market peak between November 2024 and February 2025. Bitcoin [BTC] continues to shoThe post Bitcoin finally breaches $80K: What will BTC's next ATH be? appeared first on AMBCrypto.

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Why experts are backing cryptos like Vantard, MEW, and Popcat

Cryptocurrency prices are doing well this year, with most of them outperforming traditional assets like the S&P 500, Nasdaq 100, and the Dow Jones. These indices have all jumped by over 15%, while Bitcoin has risen by almost 60%, and is hovering near its all-time high.

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Wrapped Bitcoin supplied on Aave hits record high despite backing fears 

WBTC is still the most popular Bitcoin wrapper, with nearly $10 billion in TVL, according to DefiLlama.

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Sky Reconsiders Plan to Offboard Wrapped Bitcoin, After Chat With BitGo CEO

An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun's involvement in the custody of bitcoin backing the WBTC token.

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Coinbase CEO refutes claims of selling ‘paper Bitcoin’ to BlackRock

Coinbase defended its ETF custody and new cbBTC offering.  However, the community sought clarity on its cbBTC BTC backing.  Coinbase hit headlines on 15th September amid intense scrutiny aThe post Coinbase CEO refutes claims of selling ‘paper Bitcoin’ to BlackRock appeared first on AMBCrypto.

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BTC re-staking platform SatLayer secures $8m in pre-seed funding

SaltLayer, a Bitcoin-powered restaking platform built on the Babylon staking protocol, has completed an $8 million pre-seed funding round. According to an announcement posted on X on Aug. 22, the Bitcoin (BTC) restaking platform received backing from several crypto-focused venture…

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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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Ethereum ETFs see $2.2B in inflows as Bitcoin gains political backing

CoinShares revealed that digital asset investment products experienced net inflows of $245 million last week. According to the company’s weekly report, the trading volume for exchange-traded products (ETPs) rose to its highest level since May, at $14.

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As Bitcoin Cash Faces Challenges, XRP Whales Make Moves; BlockDAG Presale Hits $61.7M with Alex Pereira’s Backing

Investing in promising crypto is a key strategy for wealth accumulation in 2024, necessitating meticulous strategy. The recent substantial dealings by XRP whales highlight a shift in the mood among major players.

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Here Are 5 Reasons To Be Bullish On Bitcoin, Analyst Says

Market analyst and Bitcoin (BTC) maxi Fred Kreuger has revealed five top reasons investors should purchase the premier cryptocurrency. In a video post on X on Saturday, Kreuger described Bitcoin as a favorable short-term and mid-term investment, backing the asset to remain profitable over the next 12 months.

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Bitcoin wasn’t mentioned in the Trump v Biden debate. Bitcoin didn’t care

BTC briefly rose to $62,000 — this could be a reflection of how Biden’s stumbles may have deterred undecided voters from backing him, making a Trump win more likely. After a flurry of feverish speculation that crypto would be discussed…

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1 Million BTC: 5% Of Entire Bitcoin Supply Is Now Backing Spot ETFs

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Bitcoin Whales Spend $6.3 Billion In One Day As Historic BTC Buy Signal Appears

Bitcoin whales are not backing down from the market and have continued to capitalize on the pump by buying every dip. The most recent dip toward $60,000 saw these large investors gobble up BTC at an alarming rate, with their daily spending coming in at billions of dollars.

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$1M Bitcoin price still in play amid ‘macro liquidity surge’ — Arthur Hayes

Bitcoin has constant bull market backing in the ever-expanding fiat money supply, Arthur Hayes concluded.

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DeeStream’s streaming approach sparks investment surge from VET, Pepe fans

As the Bitcoin halving approaches, DeeStream's presale gains momentum with significant backing from VeChain and Pepe communities. #partnercontent

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Coinbase records second largest BTC outflow amid market correction; $MEDA investors shielded from volatility

While Coinbase saw its second largest Bitcoin (BTC) outflow as the cryptocurrency market corrected, investors in Milei Moneda ($MEDA) have found their investment insulated from turbulence thanks to its strong fundamentals and resilient community backing.

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Goldman Sachs among Wall Street titans backing BlackRock’s Bitcoin ETF

Goldman Sachs, UBS, Citadel, and Citigroup are set to boost liquidity for BlackRocks Bitcoin ETF as newly authorized participants.

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Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'

The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.

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Ethena Labs adds Bitcoin as a backing asset for USDe to enhance scalability and safety

Ethena Labs adds Bitcoin to back its USDe stablecoin, embracing resurgence in the alpha crypto and diversifying backing assets as it scales.

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Vanguard CEO Doubles Down On Anti-Bitcoin ETF Stance – Details

Vanguard Chief Executive Officer Tim Buckley has once again reiterated the investment giant’s stance against the adoption of spot Bitcoin ETF. In a video release also featuring the company’s Chief Investment Officer Greg Davis, Buckley highlighted reasons backing Vanguard’s decision to be a non-partaker in the bubbling Bitcoin ETF market.

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Indian retail and institutional investors to gain access to popular US Bitcoin ETFs

Mudrex, a California-based crypto investment platform with Y-Combinator backing, has announced plans to make U. S. spot bitcoin exchange-traded funds (ETFs) available to both institutional and retail investors in India.

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Bakkt, backed by NYSE owner, faces cash crunch; stock plunges

Bakkt, once hailed as Bitcoin’s potential saviour, is now grappling with a financial crisis that raises doubts about its future. Launched in 2018 with backing from the Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), the crypto platform revealed a precarious financial situation in a filling for an amendment to its […]

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The Clock is Ticking on Bitcoin Minetrix Presale – Here Are 5 Reasons Investors Are Backing BTCMTX

Widly popular Bitcoin Minetrix (BTCMTX) presale is in the 14th stage and is filling up fast. Having already attracted over $5. 6 million from eager participants looking to capitalize on passive Bitcoin mining rewards, the closing stages of this presale event promise even more potential upside.

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How This Early Pepe Trader Became a Millionaire – Which New Meme Coins Are Investors Backing Now?

The digital landscape is pulsating with energy, and there’s a lot to unpack. Bitcoin, a giant among cryptocurrencies, is soaring to a 19-month high and creating a buzz in the market. But hold on tight.

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Block CEO Jack Dorsey Leads $6.2 Million Investment Round In Decentralized Bitcoin Mining Pool

Jack Dorsey is backing a Luke Dashjr-led initiative to decentralize bitcoin mining globally with a transparent, non-custodial mining pool.

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German parliamentarian dismisses CBDCs in favor of Bitcoin as global digital money debate rages on

German Parliamentarian Joana Cotar spoke out against introducing a Euro-based central bank digital currency (CBDC), claiming that “no one needs it. ” Cotar stated in a speech on Nov. 9 that the ECB and politicians backing a digital euro are doing so because they want total surveillance of the monetary system.

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Will Hashdex's 'Undeniable' Distinctions Help Win Bitcoin ETF Race? Some Analysts Think So

ETF analysts watching the spot-bitcoin ETF race appear to be backing Hashdex's modified application more than any other.

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Billionaire Tim Draper Still Holds 29,600 Silk Road Bitcoins, Keeps Adding to His Portfolio

Tim Draper, a prominent tech venture capitalist known for his early backing of groundbreaking technologies, has shared insights on his investment in Bitcoin and the transformative potential of this digital currency.

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Bitcoin Minetrix ($BTCMTX) Raises $2.7 Million With Just Three Days to Go – Why Are Whales Backing This Token?

The Bitcoin Minetrix ($BTCMTX) presale continues to fly as the project raises $2. 7 million in its first month, demonstrating the building hype for the Stake-to-Mine ecosystem. Whales are positioning themselves as early as possible, evidenced by the speedy rise to $2.

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Bitcoin: Is a move above $40k likely?

A strong support between the 0.786 and 0.886 Fib levels may drive another BTC increase. Long-term holders continue to accumulate, thus backing the projection. “Will Bitcoin [BTC] reach $50The post Bitcoin: Is a move above $40k likely? appeared first on AMBCrypto.

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With Bitcoin's backing, Litecoin spikes 5% in a week

Litecoin's supporter says LTC may continue to follow Bitcoin's trend into the bull cycle. HODLers have stopped cashing out and accumulation has taken over. Bitcoin’s [BTC] impressive run iThe post With Bitcoin's backing, Litecoin spikes 5% in a week appeared first on AMBCrypto.

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Bitcoin holders are not backing off despite challenges, here's the proof

More than 71,000 coins were pocketed by the cohort in the last six weeks. BTC clawed back towards the $27,000 region after hitting $28,000 earlier in the week. Despite tepid market sentimentThe post Bitcoin holders are not backing off despite challenges, here's the proof appeared first on AMBCrypto.

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BlackRock Alters Stance on ESG Policies as Bitcoin ETF Decision Looms

BlackRock's notable decline in backing ESG shareholder proposals sparks debate. Amid political critiques and increasing China ties, questions arise about the firm's evolving position on profit and sustainability.

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Bitcoin Gets Backing From US Pres’l Candidate, Says Crypto Supports Civil Rights

US presidential candidate Robert F. Kennedy Jr. has emerged as a fervent advocate for Bitcoin, elevating the cryptocurrency into the realm of civil liberties. Characterizing himself as a “lifelong defender of civil liberties,” Kennedy passionately endorsed the crypto as a manifestation of the very freedoms he holds dear.

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Crypto Expert Issues Dire Warning on Binance and BNB – Should You Panic Sell Now?

In recent weeks, parts of the cryptocurrency community have raised concerns over Binance’s backing of its native BNB token. Unlike other major exchanges like Coinbase, which hold significant reserves of Bitcoin, Binance relies heavily on its own BNB token.

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Justin Sun Faces New Allegation: Are 60,000 Bitcoin On Tron Unbacked?

In the Bitcoin and crypto space, the spotlight is once again on Justin Sun, the enigmatic figure behind the Tron blockchain. Recent allegations by prominent crypto researcher @ErgoBTC and a tweet by Adam Cochran have raised serious questions about the backing of TRC-20 Bitcoin on the Tron network.

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RFK Jr. Announces Bold Plan To Back Dollar With Bitcoin, End Bitcoin Taxes

Democratic Presidential Candidate Robert F. Kennedy Jr. articulated specific Bitcoin-focused policies, including backing the U.S. dollar with bitcoin, at a recent campaign event.

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Presidential candidate RFK Jr. proposes backing US dollar with Bitcoin

Presidential candidate Robert F. Kennedy Jr. revealed plans to back the U. S. Dollar with Bitcoin (BTC) and exempt the flagship digital asset from capital gains tax while speaking at a July 18 Heal-the-Divide PAC event.

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Homer Coin & BTC2.0 Prices Explode, But Are They Legit? Traders Are Backing Mr Hankey Coin Instead

It’s been a crazy 24 hours in the meme coin market, with Homer Simpson ($HOMER) and Bitcoin 2. 0 ($BTC2. 0) both exploding in value. However, despite these surges, traders are expressing concerns about the security and longevity of these tokens.

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Here’s Why The Tether FUD Could Be Good For Bitcoin

The Bitcoin market is once again in turmoil, and the reason is an old acquaintance: no, not the US Federal Reserve, but the worries and rumors about Tether’s stablecoin, USDT. Anyone who has been active in the Bitcoin and crypto market for a while knows that rumors about USDT’s lack of backing are part of every bear market.

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Bitcoin is in dangerous position as demand dries up 

Bitcoin (BTC) finds itself in a critical position, experiencing a decrease in demand despite a recent break above the $28,000 price level. This prevailing bearish scenario provides no substantial backing for the asset’s current price movement to counteract further declines.…

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Traders Think These 3 Meme Coins Could Pump Next Week

While most cryptos are in a short-term downtrend, traders are backing three promising new coins to explode next week.   Bitcoin has retraced to $26,000 and most of the rest of the market followed its price down, with the overall meme coin market seeing liquidity sucked out and trading volume down by more than 25%.

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US Presidential Candidate Ron DeSantis Voices Backing for Bitcoin and Digital Currencies

U.S. Governor Ron DeSantis announced his 2024 Republican nomination bid for President, supporting crypto and opposing a CBDC. The post US Presidential Candidate Ron DeSantis Voices Backing for Bitcoin and Digital Currencies appeared first on BeInCrypto.

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MicroStrategy endorses ‘fair value model’ proposal for reporting crypto holdings

MicroStrategy, the largest public holder of bitcoin, has joined the growing list of supporters backing proposed rule changes by the Financial Accounting Standards Board (FASB).

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World’s first bitcoin tower in Dubai coming soon says developer

The United Arab Emirates solidifies its backing of cryptocurrencies with a hotel chain designed in the shape of a bitcoin. The 40-story tower is set to be unveiled on May 24th.

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Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears

Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.

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WBTC Depegs From BTC: The Fear Is Real

Bitcoin-backed Wrapped Bitcoin (WBTC) tokens have been trading at a discount compared to their Bitcoin backing ever since the fall of major crypto exchange FTX. Market data provided by Done shows that Wrapped Bitcoin has been consistently trading at a…

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