Author: Yeek.io

The United States could acquire over 1 million Bitcoin in five years if the authorities were to sell 15% of the country’s gold reserves, analysts estimate. Selling 15% of its gold reserves could enable the U.S. to acquire 1.05 million Bitcoin (BTC) in the next five years, according to new estimates from Singapore-based blockchain firm Matrixport. In an X post on March 7, analysts noted that to fund the reserve, Senator Cynthia Lummis has already proposed selling U.S. gold reserves, although they cautioned that such a move could potentially lead to increased volatility. “Senator Cynthia Lummis’ BITCOIN Act proposes using…

As the United States moves forward with its Strategic Bitcoin Reserve, speculation is growing over whether China will respond with its own national crypto strategy.On March 7, US President Donald Trump signed an executive order establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” The reserves will initially be funded using Bitcoin (BTC) and other digital assets seized in government criminal cases.With the US shifting its stance on BTC, China may make moves to avoid falling behind. On March 3, Bitcoin advocate David Bailey, one of the Bitcoin supporters credited for “orange-pilling” Trump, said that China may be working…

President Donald Trump has signed an executive order to create a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile.” This move aims to secure the government’s cryptocurrency holdings and manage digital assets more effectively.Bitcoin Reserve to Hold Seized CryptoJUST NOW!President Trump signs an Executive Order establishing the Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile 🇺🇸 pic.twitter.com/N9p2sQknVS— Margo Martin (@MargoMartin47) March 7, 2025The Strategic Bitcoin Reserve will be funded with Bitcoin seized in government criminal cases. According to White House AI and crypto advisor David Sacks, the U.S. will not sell this Bitcoin. Instead, it will be stored as a…

Homepage > News > Business > Brazil’s DREX CBDC pilot derailed by data privacy concerns Privacy concerns have impeded the progress of Brazil’s central bank digital currency (CBDC) in the ongoing pilot phase, a new report by the country’s top bank has revealed. In a paper detailing the first phase of the CBDC pilot, the Banco Central do Brasil (BCB) noted that while the issuance, distribution and redemption of the DREX digital currency were relatively straightforward, it faced challenges on the technical aspects. The first phase started in March 2023 and ended over a year later in May 2024. The…

Web3 security firm GoPlus Security has launched an investigation after its token dropped 60% in a single day, noting that it wasn’t informed about the the listing beforehand. GoPlus Security (GPS), a web3 firm that says it’s working on the “first decentralized security layer,” is investigation a steep price fall of its native GPS token, which suddenly lost over 65% of its value following listing on cryptocurrency exchange Binance. Because the GoPlus team weren’t informed in advance about the March 4th listing of $GPS. Everything happened rapidly, and our team only learned about the listing when the public announcement was…

President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.Trump’s executive order outlined a plan to initially use cryptocurrency forfeited in government criminal cases, Cointelegraph reported on March 7.As one of the crypto industry’s most widely-anticipated moves, the Strategic Bitcoin (BTC) Reserve marks the first “real step” for Bitcoin’s integration into the global financial system, according to Joe Burnett, head of market research at Unchained.Source: Margo Martin“The Bitcoin integration era has begun,” Brunett told Cointelegraph, adding:“Now, with the establishment of…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Méliuz, a Brazilian fintech and publicly traded company, has allocated 10% of its cash reserves to Bitcoin, which represents a substantial advancement in the cryptocurrency sector. Méliuz is now a part of an increasing number of corporations that regard Bitcoin as more than a mere speculative asset. A Bitcoin Investment Of $4.1 Million According to a Reuters report, the company’s Board of Directors recently approved a treasury policy modification that enables BTC to be a component of its financial strategy. Méliuz acquired 45.72 BTC for $4.1 million…

Unlike similar bills from other states, Texas’ bill does not call for Bitcoin purchasing. This helped ease concerns among fiscal conservatives. The bill gives the state the option to buy Bitcoin, especially from local mining companies, without forcing immediate spending.The move is significant because Texas holds the second-largest GDP among U.S. states. The state’s Lieutenant Governor has openly backed the proposal, further boosting its chances. If approved, Texas could join Utah and Arizona as leaders in state-level Bitcoin reserves.Recent attempts to pass Bitcoin reserve bills have failed in several Republican-led states like Montana and Wyoming. Texas’ flexible approach may help…

Binance has announced that GoPlus Security (GPS) will be placed on the Monitoring List starting March 7, 2025. This decision comes after significant price drops and unusual market-making activity.Why Was GPS Placed on the Monitoring List?Binance flagged GPS token due to concerns about market manipulation and extreme price volatility. The key reasons include:Massive token sell-off – A Market Maker sold 70 million GPS tokens between March 4, 2025 (8:00 PM) and March 5, 2025 (4:55 PM).No buy orders placed – The Market Maker did not buy any GPS tokens during this period, raising concerns about price stability.Continuous selling after spot…

President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.Trump’s executive order outlined a plan to initially use cryptocurrency forfeited in government criminal cases, Cointelegraph reported on March 7.As one of the crypto industry’s most widely-anticipated moves, the Strategic Bitcoin (BTC) Reserve marks the first “real step” for Bitcoin’s integration into the global financial system, according to Joe Burnett, head of market research at Unchained.Source: Margo Martin“The Bitcoin integration era has begun,” Brunett told Cointelegraph, adding:“Now, with the establishment of…