Satoshi Action Fund Introduces Bitcoin & Digital Asset Bill in Missouri

In a significant move towards broader Bitcoin adoption in the United States, the Satoshi Action Fund has announced the introduction of a groundbreaking bill in Missouri (HB 2107), also known as the “Digital Bill of Rights.” The bill, championed by Representative Phil Christofanelli, sets forth foundational policy that will protect Bitcoin, Bitcoin mining and adoption in the U.S. and position the country as a leader in this technology for decades to come.

Digital Bill of Rights: Key Features

Self-Custody Rights: Individuals have the right to use self-custody to secure their Bitcoin.

Freedom to Transact: Individuals are free to purchase, save, or transact with Bitcoin without… Read more on bitcoinnews

SEC delaying spot bitcoin ETFs ‘not impossible,’ but unlikely: Balchunas

A Matrixport report claiming that the US Securities and Exchange Commission will “reject” spot bitcoin ETFs shocked the crypto world on Wednesday, preceding an 8% drop in the price of bitcoin.

“From a political perspective, there is no reason to approve a bitcoin spot ETF that would legitimize bitcoin as an alternative store of value,” the report claimed. Bitcoin has since rebounded slightly to sit 5% down over the past day, now at $42,500.

Bloomberg Intelligence analyst Eric Balchunas told Blockworks that, without any sourcing, this report does not line up with what Bloomberg Intelligence has been reporting. 

“I’m not saying it’s impossible,” he said. “But it would…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Internet Computer: Market Cap of $6.3 Billion.
  2. Solana: Market Cap of $42.1 Billion.
  3. Bitcoin: Market Cap of $832 Billion.

MIDCAP COINS:

  1. Sei : Market Cap of $1.8 Billion.
  2. Bonk: Market Cap of $719 Million.
  3. Celestia: Market Cap of $1.8 Billion.

RISING COINS:

  1. Steamboat Willie: Market Cap of $11.7 Million.
  2. Satellite Doge-1 Mission: Market Cap of $8.47 Million.
  3. Pepe: Market Cap of $459 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Michael Saylor is ready to offload 315,000 MicroStrategy shares. Yes, he plans to buy more BTC.

MicroStrategy founder Michael Saylor is set to offload a few hundred thousand shares of his company’s stock over the coming months. 

Saylor plans to use some of the sale proceeds to buy more bitcoin. He explained during the company’s earnings call in November that he was granted a stock option of 400,000 shares in 2014. They are set to expire in April. 

A Tuesday filing indicates the MicroStrategy executive is set to sell 315,000 shares. Those shares were worth roughly $216 million as of Wednesday morning. 

“For almost a decade now at my request, the company has only paid me a $1 salary and I’ve chosen not to be eligible for any cash bonuses,” Saylor said on the call….

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Bitcoin falls 8% on anti-ETF news, analysts remain confident 

After an early positive start to 2024, crypto prices took a turn Wednesday, leaving investors and analysts searching for answers. 

Earlier in the week, bitcoin’s price had seen an upswing, fueled by growing anticipation around the possibility of the US Securities and Exchange Commission approving a bitcoin ETF. However, the mood shifted when bitcoin’s (BTC) value dropped by 8% early Wednesday to around $40,800, falling from its highs of close to $46,000 on Tuesday.

Some have attributed this downturn to a report from Matrixport, a crypto financial services platform. Matrixport’s analysis suggested that the SEC is likely to reject all bitcoin spot ETF applications in January….

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Webb: Unmasking Farmington – FTX, Fluent Finance and the Coming Digital Dollar

Originally posted on Unlimited Hangout.

One of the oddest and most mysterious relationships that emerged out of the collapse of FTX last year was Alameda Research’s unusual relationship with Farmington State Bank, one of the smallest, rural banks in the United States that came under the control of Jean Chalopin in 2020. Chalopin is best known as the chairman of Deltec, one of the main banks for Alameda Research – FTX’s trading arm that played a central role in its collapse — and still one of the main banks for the largest fiat-backed stablecoin, Tether (USDT). Chalopin had acquired control over Farmington via FBH Corp., where Chalopin was listed as executive officer….

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Celebrating a Decade and a Half of Digital Revolution: Bitcoin’s 15th Anniversary

As the clock ticks over to mark the 15th anniversary of Bitcoin, we find ourselves reflecting on the profound impact this digital currency has had on finance, technology, and global economic paradigms. On January 3rd, 2009, an entity under the pseudonym Satoshi Nakamoto introduced the world to Bitcoin by mining the genesis block, a mere 64 days post the release of a white paper that would catalyze a revolution. This decentralized currency, born out of the desire for a peer-to-peer electronic cash system, has since surged into a market leader, challenging traditional banking systems and introducing the concept of blockchain to the world.

Bitcoin’s journey is a testament to innovation and persistence. Its ups and downs have been chronicled in countless articles, shaping a narrative of resilience and highlighting the currency’s role as a haven for investors during economic turbulence. This anniversary is not just a celebration of Bitcoin itself, but of the community and the decentralized ethos that it stands for. As we embark on another year, Bitcoin remains a symbol of the potential for technology to shape a future where financial sovereignty is accessible to all. Happy 15th Birthday, Bitcoin – here’s to many more years of reshaping the world’s financial landscape!

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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JUST IN: Matrixport Analyst Predicts SEC to Deny All Bitcoin Spot ETF Proposals This January

In a significant development for the cryptocurrency market, Matrixport analyst Markus Thielen predicts that the U.S. Securities and Exchange Commission (SEC) will reject all bitcoin spot ETF proposals in January 2024. Despite recent updates to the applications and ongoing discussions with the SEC, Thielen believes these efforts fall short of meeting a crucial regulatory requirement. This outlook challenges the wider market expectation of potential approvals. Thielen’s analysis emphasizes the tough stance of SEC Chair Gary Gensler against the crypto industry, citing concerns over widespread non-compliance and fraud. This prediction signals a potential delay in the acceptance and integration of crypto-based financial products into mainstream finance, at least in the near future.

Link to Official Report

Jim Cramer Bitcoin News | Bitcoin Is A Technological Marvel

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Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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Bitcoin ATM Installations | 11% Drop In 2023

BitcoinNews.com is not investment advice.

Opinions expressed are entirely their own and do not necessarily reflect those of BitcoinNews.com

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by BitcoinNews.com to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of BitcoinNews.com 

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