Crypto News
Hong Kong Passes Stablecoins Bill to Enhance Regulatory Framework
The Hong Kong government has passed a new Stablecoins Bill, setting up a licensing regime for fiat-referenced stablecoins issuers, aiming to strengthen financial stability and foster innovation. (Read More)Source link
Bitcoin ETFs Add $1 Billion in 2 Days Amid March to Record BTC Price
BlackRock's IBIT added nearly $600 million in assets over the period, more than the other 10 funds in the spot Bitcoin category.Source link
ElevenLabs Expands AI Voice Marketplace with Stripe Partnership
ElevenLabs leverages Stripe to expand its AI voice marketplace, growing from 11 to over 2,000 voices and paying $3M to contributors globally. (Read More)Source link
Texas House Approves Strategic Bitcoin Reserve Bill, Awaits Governor’s Signature
The Texas House passed Senate Bill 21 (SB 21) on Wednesday to create a state-managed bitcoin reserve, advancing it to Governor Greg Abbott’s desk for final approval or veto within 20 days. Cryptocurrency in State Hands: Texas Legislature Passes Bitcoin Reserve Bill The bill, titled the Texas Strategic Bitcoin Reserve and Investment Act, aims toSource link
Bitcoin Miners Sold Record Amount of BTC Ahead of May’s Price Surge
Bitcoin BTC notched a new all-time high of $109,000 on Wednesday, but that's small consolation for bitcoin miners, who last month were forced to cash in a record number of their BTC reserves, according to mining news outlet TheMinerMag.The firm’s latest research report reveals that public miners sold 115% of their bitcoin production in April — meaning they sold more than they produced. That is the highest ratio since the tail end of the 2022 bear market.Even today, with bitcoin breaking to a new record high above $109,000, hashprice (what miners earn per unit of computational power) has failed to follow suit. It stands at just $55 per petahash per second (PH/s), well below the $63/PH/s level it briefly reached...