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Tag Archives: Bitcoin News

Trump Reiterates the Importance of a Strategic Bitcoin Reserve, Asks Current Administration to Not Sell Holdings

Former president and 2024 presidential candidate Donald Trump stated the importance of Bitcoin and the crypto market in a stream with well-known streamer Adin Ross. He warned the current administration about the ill effects of selling the US’ Bitcoin holdings instead of making the asset part of the country’s reserve. He mentioned how not focusing on Bitcoin at this level will prevent the US from innovating in the digital assets sphere, letting countries like China, a tremendous geopolitical...

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Xapo Bank Gets UK License for Interest-Bearing Bitcoin Accounts

Xapo Bank is the first UK bank to offer interest-bearing accounts for Bitcoin and fiat currency. Xapo Bank provides 1% interest on Bitcoin without staking, lending, or locking up assets. Xapo Bank is the first bank to provide interest-bearing accounts in both Bitcoin and fiat currencies. Gibraltar-based bank announced its extension into the United Kingdom on August 5, 2024, This milestone took place under the UK’s passport program, which was approved by the Financial Conduct Authority (FCA),...

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Bitcoin Price Plummeted to Below $53,000, Ether Hits Lows It Has Not Seen Since December

In a shocking turn of events over the weekend, spurred by mass bitcoin selloffs on Sunday, its price took a tremendous nosedive. Bitcoin’s value dropped by over 12% on Monday morning, going from over $60,000 to less than $53,000 within 24 hours. Bitcoin has not observed such lows since February, when it rallied toward new highs. This downturn also caused ETH to take a massive hit, as its price dropped to around $2,200, falling by over 20%. ETH has not touched this price point since last...

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