Tennessee lawmakers are considering legislation that would allow the state to hold bitcoin as part of its public financial reserves. 

If passed, the measure would place Tennessee among a small group of U.S. states that have moved to formalize bitcoin holdings through statute.

House Bill 1695, known as the Tennessee Strategic Bitcoin Reserve Act, was filed earlier this month by Rep. Jody Barrett (R–Dickson). The bill is scheduled for consideration during the current session of the 114th Tennessee General Assembly. 

It would grant the State Treasurer authority to invest a limited share of select state funds in bitcoin.

The bill’s findings cite inflation as a central…

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Brian Armstrong, the CEO of Coinbase, found himself at the eye of a widening storm between Wall Street and the crypto industry last week at the World Economic Forum in Davos — and it got personal. 

During a chance encounter over coffee with former U.K. prime minister Tony Blair, JPMorgan Chase CEO Jamie Dimon abruptly cut in, pointing a finger and telling Armstrong bluntly, “You are full of s—,” according to reporting from The Wall Street Journal. The outburst underscored some of the raw tensions happening between traditional banks and crypto firms over the future of U.S. financial regulation.

The confrontation, described by some attendees as uncharacteristically heated…

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Bitcoin’s price has plunged into zones historically tagged by long‑term valuation models as “fire sale” levels, according to the latest Bitcoin Rainbow Chart from Bitcoin Magazine Pro. The sentiment‑laden nomenclature — often shared jokingly in bitcoin circles — now has a more serious undertone amid one of the deepest corrective phases in recent cycle history.

The Bitcoin Rainbow Chart is a long‑term logarithmic valuation tool and it overlays price against a spectrum of colored bands, historically interpreted as oversold, fairly valued, or overbought. 

After an extended drawdown from cycle highs, Bitcoin’s price now sits in one of the lower bands traditionally…

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Amboss, a company best known for building tools and liquidity infrastructure for the Bitcoin Lightning Network, announced the launch of RailsX, a new peer-to-peer exchange designed to let users trade bitcoin and stablecoins directly with one another — without relying on centralized exchanges or giving up custody of their funds, the company shared with Bitcoin Magazine. 

The announcement was made today at the PlanB Forum in El Salvador.

At a high level, RailsX aims to solve a problem many Bitcoin users still face: moving between bitcoin, dollars, and other currencies usually requires trusting centralized platforms that can freeze accounts, charge high fees, or restrict access…

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Binance said Friday it will convert the stablecoin holdings in its $1 billion Secure Asset Fund for Users (SAFU) entirely into bitcoin over the next 30 days.

The exchange said the transition will be carried out gradually and accompanied by regular audits. 

Binance also pledged to replenish the fund if bitcoin price volatility causes its value to fall below $800 million, using treasury reserves to restore it to $1 billion.

Binance launched its SAFU back in 2018 to protect users against losses from extreme events such as hacks or major system failures. The fund is financed through a portion of Binance’s trading fees and is held separately from user assets in cold… Read more on BitcoinMagazine