US President Donald Trump once called Bitcoin “a scam,” but admitted on Monday that he got involved in crypto “a little bit for politics.”
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US President Donald Trump once called Bitcoin “a scam,” but admitted on Monday that he got involved in crypto “a little bit for politics.”
Blockchains will face increasing pressure to compromise on decentralization to meet user demand for speed and scalability, Injective CEO Eric Chen said.
The report follows comments from White House crypto adviser Patrick Witt in May, who said the administration was examining the legal implications of creating a Bitcoin reserve.
Bitcoin reversed course from its Monday open selloff and closed the day above $64,000 as bulls began to price in Strategy’s selling.
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The reported transaction comes as Tether maintains it has no plans to go public, even as other crypto companies pursue or delay IPOs.
Bitcoin sold off as news of Strategy selling BTC shook investors’ nerve but the quick rebound suggests bulls remain ambitiously positioned.
The developers behind the memecoin project said they had informed law enforcement after the attack and were working to “recover funds and identify those responsible.”
The Luxembourg approval completes the company’s MiCA licensing process, enabling it to provide regulated crypto-asset services across the European Economic Area.
Bitmine’s big buy contrasts with crypto treasury peer Strategy, which reported selling millions of dollars worth of its Bitcoin holdings on Monday.