BlackRock says 1-2% a ‘reasonable’ Bitcoin portfolio allocation
The recommendation applies to investors who wish to hold Bitcoin, the asset manager said. Source link
Why tech giants like Amazon may hesitate to adopt Bitcoin
Big Tech has a great flow of cash on hand. Currency devaluation makes them lose purchasing power. Is Bitcoin a treasury solution to fight against inflation? Amazon is the next to decide. Source link
Texas House eyes Bitcoin reserve laws
Texas House of Representatives introduced a Bitcoin reserve bill amid a torrent of crypto adoption chants emboldened by Donald Trump’s Nov. 6 political success. Republican State Representative Giovanni Capriglione submitted legislation for Texas to open a strategic Bitcoin (BTC) reserve that would hold the asset for at least five years. Capriglione’s proposal, filed live during […]
Bitcoin bulls ignore PPI shock as whales fuel BTC price run to $102K
Bitcoin whales are back in buy mode as BTC price strength continues despite a new stagflation jolt for the US Federal Reserve. Source link
Australian wealth manager AMP invests $27m in Bitcoin as first major superannuation fund to embrace crypto
AMP has made a $27 million investment in Bitcoin, becoming the first major superannuation fund in Australia to enter the crypto market. AMP Wealth Management, one of Australia‘s largest wealth managers with billions in assets under management, has invested $27 million in Bitcoin (BTC), becoming the first major superannuation fund in the country to do […]
Bitcoin ETF ads spotted on China’s Alipay payment app
Some of Alipay’s mainland Chinese users saw ads inviting them to invest up to $137 daily in a fund with indirect exposure to a US spot Bitcoin ETF and Coinbase. Source link
IcomTech execs set to pay over $5M for fake Bitcoin trading scheme
At least four of IcomTech’s operators are now behind bars after receiving prison sentences of up to 10 years this year. Source link
SEC advances NYSE’s filing to list Bitwise Bitcoin and Ethereum ETF
The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF. Source link
Bitcoin price recaptures $100K following funding reset and Coinbase premium return
An overdue reset in the Bitcoin funding rate and the return of a strong spot bid are reasons behind BTC’s rally above $100,000. Source link
Alabama should establish Bitcoin reserve, says state auditor
An official in the US state of Alabama produced a litany of benefits a state Bitcoin reserve could bring. Source link
