Crypto News
Bitcoin Gold Card in the US? Crypto Insider Floats Proposal
David Bailey, CEO of BTC Inc. and one of the attendees of the Trump Administration’s crypto summit, stated that there should be a path for paying for the proposed “gold card” with bitcoin. This would allow the country to add to its recently formed strategic Bitcoin reserve without using taxpayers’ funds. Bitcoin for a GoldSource link
Utah Senate Passes Bitcoin Bill, Removes BTC Reserve Clause
The Senate of Utah, seen by some observers as being the frontrunner to establish a bitcoin reserve, passed a Bitcoin bill that excluded provision for the state treasurer to invest in the largest cryptocurrency. Instead it provides the state's residents with basic custody protections and establishes the right to mine bitcoin (BTC), operate nodes and participate in staking, along with other various other provisions.The senate's passing of the bill on March 7 means it now passes to Governor Spencer Gox to be signed into law. Read More: Market Experts Weigh In on Trump’s Strategic Bitcoin Reserve That Takes Out $17B in Potential Selling From BTCSource link
Cayman Islands Introduces New Crypto Licensing Rules
The Cayman Islands has updated its cryptocurrency regulatory framework with the introduction of new licensing rules set to take effect on April 1, 2025. Under the recently approved Virtual Asset (Service Providers) (Amendment) Regulations, 2025, all entities offering virtual asset custody and trading platform services in or from the islands will be required to obtainSource link
Bitcoin Traders Now Target $70K as Japan Bond Yields Surges to 17-Year Highs
Crypto bulls may need to brace for some turbulence as Japan’s 20-year government bond yield surged to its highest level since 2008 in a move that has historically led to aversion from risk assets such as bitcoin (BTC).The Japanese Government Bond (JGB) yield climbed to 2.265% last week, a level not seen since the global financial crisis, amid speculation of potential rate hikes by the Bank of Japan (BOJ) and rising inflationary pressures.These are similar conditions to August 2024, where strength in the yen saw a global sell-off from equities to bitcoin, as CoinDesk reported at the time. A surge in Japanese bond yields, coupled with geopolitical and economic uncertainties, is fueling concerns among traders that BTC could face a...
Debate Over Model Context Protocol (MCP): A Passing Trend or a Game-Changer?
The Model Context Protocol (MCP) is stirring discussions in the tech community. Experts debate whether it is a transformative tool or merely a fleeting trend. (Read More)Source link