President Donald Trump signed an executive order today establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” The initiative will initially use cryptocurrency seized in government criminal cases. White House AI and crypto czar David Sacks announced the move on X, calling it a “digital Fort Knox” for Bitcoin. “The Reserve will hold Bitcoin forfeited in criminal or civil…
President Donald Trump will host the first White House Crypto Summit on March 7, drawing 25+ industry leaders and officials. Attendees will debate Bitcoin reserves, regulatory reforms, and U.S. crypto dominance. Fox Business reporter Eleanor Terrett confirmed 11 executives and two White House advisers so far. Confirmed Names Michael Saylor (MicroStrategy), David Bailey (Bitcoin Magazine), and Brian Armstrong (Coinbase) lead…
Bitcoin surged past $90,000 yesterday as President Donald Trump postponed tariffs on Canadian and Mexican auto imports. The cryptocurrency market rallied alongside traditional risk assets following the announcement of a one-month tariff delay. Market analysts point to easing trade tensions as a primary catalyst for the upward movement across financial markets. Trade Relief Boosts Investor Confidence President Trump confirmed a…
A 22-year-old Finnish cryptocurrency trader lost 5,564 bitcoins worth $40 million in one of Thailand‘s biggest crypto scams. Aarni Otava Saarimaa transferred his digital assets to scammers between January and February 2018. The perpetrators promised lucrative investment opportunities in various ventures, including a Macau casino. The fraudsters showcased lavish lifestyles and presented forged documents to gain Saarimaa’s trust. They pitched…
The U.S. Senate voted 70-27 on March 4, 2025, to repeal a Biden-era IRS rule targeting decentralised finance (DeFi) platforms. Using the Congressional Review Act, lawmakers moved to erase the 2024 rule requiring DeFi protocols to report user transactions. Senator Ted Cruz (R-TX), the resolution’s sponsor, labelled the policy “incoherent federal overreach” before the vote. Meanwhile, bipartisan support underscored growing…
Alexis Ohanian, Reddit’s co-founder, confirmed his involvement in a consortium aiming to acquire TikTok’s U.S. operations. Partnering with Project Liberty, led by Frank McCourt, Ohanian seeks to transition the platform onto a blockchain. This move responds to looming U.S. bans over national security concerns tied to TikTok’s Chinese parent company, ByteDance. “I’m officially now one of the people trying to…
In March 2025, the International Monetary Fund (IMF) intensified pressure on El Salvador to abandon public-sector Bitcoin purchases as part of a $1.4 billion loan deal. Despite warnings, President Nayib Bukele defiantly continues accumulating BTC, deepening tensions over the nation’s pioneering crypto policies. IMF Demands Halt to Public Bitcoin Buys The IMF’s 40-month Extended Fund Facility, approved February 26, 2025,…
Bitcoin faces volatility following Trump’s crypto reserve announcement and tariff implementation. Market reactions remain mixed as traders eye the massive CME futures gap at $85,000, which is Bitcoin’s largest in history. As of March 4, 2025, Bitcoin prices have retreated below $85,000 after weekend surges. Meanwhile, President Trump continues to champion his crypto reserve initiative ahead of the White House…
Japanese investment firm Metaplanet has added more Bitcoin to its growing portfolio while exploring options to make its shares available to global investors. The company continues its aggressive Bitcoin acquisition strategy as part of its mission to lead Japan’s cryptocurrency renaissance. Metaplanet Acquires Additional Bitcoin Assets Metaplanet purchased 156 bitcoins on March 3, valued at approximately $13.4 million. The company…
Ether (ETH) plunged 15% in 24 hours, crashing to $2,000. A price last seen in November 2023, as Trump’s trade war threats spooked investors. Over $165 million in long positions evaporated, while ETF outflows hit $335 million. Analysts warn volatility could worsen. ETH Plunges 15% as Trade War Fears Grip Markets Ether nosedived to $2,000 early Monday, mirroring broader crypto…
President Donald Trump will host a landmark crypto roundtable at the White House on March 7, signalling a pivotal shift in federal digital asset policy. The Crypto and AI Czar David Sacks and Bo Hines, director of the digital assets working group, will spearhead discussions. Industry titans, including CEOs, founders, and investors, are slated to attend, according to a Friday…
A federal judge dismissed the U.S. Securities and Exchange Commission’s (SEC) lawsuit against HEX founder Richard Heart on February 28, citing insufficient jurisdiction. Judge Carol Bagley Amon ruled the SEC failed to prove Heart’s crypto projects: HEX, PulseChain, and PulseX targeted U.S. investors specifically. Following this, the court concluded the agency lacked authority to pursue claims of unregistered securities offerings…