New Hampshire is taking bold strides into the financial future as State Representative Keith Ammon introduces a bill to integrate digital assets, including Bitcoin and US-pegged stablecoins, into the state treasury. The legislation targets a strategic reserve with a cap on investments at 10% of public funds, reinforcing the state’s financial health with modern, secure technology. This move aligns with the state’s progressive stance on blending traditional finance with the burgeoning crypto market.

Key stipulations ensure that the investment in cryptocurrencies and precious metals is conducted through secure custody solutions, safeguarding the state’s financial interests. The bill limits crypto choices to those with significant market caps and regulatory approval, currently positioning Bitcoin as the primary candidate. The inclusion of staking and the possibility of lending digital assets highlight the state’s foresight in revenue generation from these holdings.

By embracing crypto, New Hampshire is setting a precedent for other states, with ten more U.S. states reportedly preparing to introduce similar initiatives. This approach not only diversifies the financial portfolio but also minimizes political friction, fostering a more crypto-inclusive future across the nation.

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Two days ago, the atebites X account pointed out that THORChain’s lending service currently has nowhere near enough bitcoin to repay its creditors.

As of the time of the post, the total amount of bitcoin to be repaid to depositors was 1,604, while the lending pool only had 592 bitcoin in it.

We need to be raising awareness on just how bad of a shape Thorchain lending is right now, posing a potential risk to the protocol itself.As it stands,…

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Understanding who you have to trust to keep your privacy, who you don’t have to…

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One year ago today, Gary Gensler and the Securities and Exchange Commission (SEC) finally capitulated and approved the trading of spot bitcoin exchange traded funds (ETF) to go live the next day. These ETFs would go on to be the best performing ETFs in history, with BlackRock’s ETF $IBIT leading the charge, taking in over $52 billion inflows alone.

I feel like a lot of people are afraid to admit this, or just…

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