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The US government has transferred $1.92 billion worth of Bitcoin (from Silk Road seizures) into new wallets, with $963 million already sent to Coinbase. This has sparked discussions across the crypto community: ->Could this signal an impending Bitcoin sale during the Biden administration’s final days? ->Will this move disrupt President-elect Trump’s plans to establish a US Bitcoin Reserve? Despite market jitters, Bitcoin remains resilient, with long-term holders and institutional players like MicroStrategy maintaining their confidence. These developments underscore the growing intersection between crypto and geopolitics, as Bitcoin Inc. plays an increasingly prominent role in national strategies. What’s your take on the US government’s BTC strategy? Could it impact broader market trends or the future of Bitcoin as a reserve asset? #Bitcoin #CryptoNews #USPolicy #BlockchainInnovation #FinancialMarkets Bitcoin Inc.

🌍 The passing of the Strategic Bitcoin Reserve Bill would put hard assets into US Reserves, but also be a landmark moment for #ProofOfReserves. At The Network Firm 👉 We’ve long believed in the hard money use case for Bitcoin. 👉 We also have a long-held conviction that new tools, standards, and approaches are needed to provide the necessary trust and transparency over the larger landscape of service providers, protocols, and apps supporting Bitcoin custody, exchange, and other services. More importantly: 🏆 We’ve long advocated for Proof of Reserves 🏆 We performed the first-ever CPA-attested Proof of Reserves report in March 2020—showing what is possible when traditional CPA standards meet modern approaches and cryptographic customer verification. 🏆 We helped write “the book” on Proof of Reserves with industry leaders at The Digital Chamber. This is also a win for: 🏆 Trust 🏆 Stability 🏆 U.S. leadership in financial innovation 🏆 Consumers 🏆 And the overall responsible growth of the digital asset industry DM our team to understand what Proof of Reserves looks like for your digital asset business: ✉️ Noah Buxton ✉️ Jeremy Nau ✉️ Clayton Lowery ✉️ Nick Ward 🤝 We look forward to meeting you. See Full Text of the Bill: https://bit.ly/4d8q0Te Digital Chamber PoR: https://bit.ly/3SA37zI #digitalassetadoption #crypto #blockchain #cryptoadoption #reserves #bitcoin #proofofreserves

#Bitcoin Magazine: Three Conditions Bitcoin Layer 2 Standards Must Fulfill The longstanding Bitcoin news media outlet, "#BitcoinMagazine," has recently published an article on its official website outlining clear standards for Bitcoin Layer 2 (#L2). The key points include: 1. Utilization of Bitcoin as the native asset. 2. Enforcement of transactions using Bitcoin as the settlement mechanism: L2 users must have the ability to reclaim control over their Layer 1 assets through a mechanism (trusted or trustless). 3. Demonstrated reliance on the functionality of Bitcoin: If the Bitcoin network fails but the associated system can still operate, then that system is not considered a Bitcoin L2. The article notes that given the current wave of speculators attempting to leverage the development of Bitcoin L2 to promote their crypto assets, Bitcoin Magazine will assess Bitcoin L2 based on these standards to determine whether to cover it in their reporting.

Donald Trump spoke at the Bitcoin 2024 conference. Key points: ▪️ Trump believes that #Bitcoin will one day surpass gold in market capitalization. ▪️ “Our nation is decaying, and it’s a shame. If we don’t embrace crypto technologies, China will overtake us. I want the US to lead in technology and other fields.” ▪️ “#Bitcoin is the superpower of the world.” ▪️ “The US will become the cryptocurrency capital of the world and a global #Bitcoin superpower.” ▪️ “The current administration has been waging a war against crypto for three years, blocking money transfers and hindering your lives.” ▪️ Trump reaffirmed his previous intentions to make the US a more favorable jurisdiction for crypto businesses, including mining. ▪️ Trump also stated that under his leadership, there will be no digital dollar (CBDC) in the US. ▪️ “On my first day of presidency, I will create a Bitcoin council to establish transparent regulatory rules.” ▪️ When wars end, cryptocurrencies will soar to unprecedented heights. ▪️ Kamala Harris is against BTC.

Trump’s Crypto Vision & What the U.S. Must Do Next Bitcoin is hitting new all-time highs, and with over 260 pro-crypto candidates in Congress, the future of crypto looks bright. Here’s what needs to happen: Trump’s Crypto Promises: Trump has pledged to appoint a pro-crypto SEC Chairman and create a crypto advisory council. He aims to support U.S.-based Bitcoin mining. He has committed to defending self-custody rights and opposing CBDCs. What the U.S. Needs to Do: 1. The U.S. must back the dollar with assets like Bitcoin, moving away from reliance on the Federal Reserve. 2. Corporate personhood should be dismantled to reduce corporate influence on policy. 3. The U.S. needs to fully embrace crypto, including stablecoins, to strengthen the dollar globally. 4. Crypto taxes should be abolished to encourage innovation and investment in the space. 5. Crypto investors should secure assets in cold storage wallets to protect their holdings. #Bitcoin #Crypto #Blockchain #CryptoRegulation #USGovernment #CryptoFuture

This means that the overall activity on the Bitcoin ($BTC) network has reduced, which may mean that fewer transactions are being conducted. https://lnkd.in/gcMXDHhu

💥 #DigitalCoins do not exist. 💥 #DigitalTokens do not exist. 💥 #DigitalAssets do not exist. 💥 #CryptoCurrencies do not exist. WHAT❓ Answer: Yes, that's correct! ✅ Digital coins, digital tokens, digital assets, tokenized real estate, tokenized #RWA, #CBDCs, and cryptocurrencies DO NOT EXIST ON THEIR OWN, as they are merely Journal Entries on some Ledger. The same holds for #bitcoin (the asset.) 👉 ONLY DIGITAL LEDGERS EXIST 🎯 The Bitcoin Ledger is the only ledger that ... - can never be corrupted by humans. - will never have counterparty risk. Every attempt at mimicking Bitcoin's Ledger (Bitcoin's Timechain) relies on the ethical standards and good judgment of people to ensure security and integrity. As such, these ledgers are flawed and will be changed, censored, co-opted, manipulated, compromised, and corrupted over time. You should ask: Who is safeguarding my digital ledger entries? If there's a who, that who is the counterparty risk, the weak 🔗 link! If it is your wealth, your family's wealth, your company's treasury, or the world's wealth being safeguarded, then ONLY THE BITCOIN LEDGER WILL DO. For everything else, well, a plethora of so-called #Blockchains are out there. But, note, that smarter solutions are found in AWS!

🚀 March 2024 Monthly Crypto Report 📊 📈 Bitcoin hits all-time high! 🚀 Bitcoin soared to unprecedented heights, fueled by its recovery from the 2021–2022 downturn and increased interest from investors seeking alternative stores of value. ⏳ Bitcoin halving drives price surge ⛏️ The upcoming Bitcoin halving event, reducing the rate of new Bitcoin creation by half, played a significant role in the recent price surge. 💡 Ethereum’s network upgrade 🌐 Ethereum successfully implemented a major network upgrade. However, Ether’s price underperformance compared to Bitcoin suggests investor caution, possibly due to concerns about approving a spot ETF for Ethereum in the US. 📰 Regulatory Updates 📝 California introduces new reporting requirements for crypto ATM operators. The Basel Committee proposes updates to global standards for banks handling crypto assets. The SEC in the US continues to scrutinize crypto lending platforms, raising regulatory concerns. Stay tuned for more insights and updates in the evolving world of cryptocurrency! #cryptoreport #bitcoin #ethereum #regulation #monthlyupdate 📈🔒

Advertorial | With Bitcoin recently surging past the $99,000 mark, the digital asset is gaining unprecedented momentum, fueled in part by Donald Trump’s pro-crypto stance. As the new administration begins to take shape, investors are eager to understand how Trump’s policies will impact the future of Bitcoin and the broader crypto ecosystem. There’s a lot to expect from Trump’s approach to Bitcoin growth—both in the U.S. and globally. From reshaping crypto regulations to the potential creation of a Strategic Bitcoin Reserve, his proposed policies are set to have significant implications on crypto adoption, trading, and innovation. As his fresh term approaches, these potential shifts could reverberate beyond borders, impacting the global #DeFi and #crypto landscape. The question remains: Will Trump's policies accelerate the next wave of Bitcoin growth? #Bitcoin #CryptoPolicy #BlockchainInnovation #DeFi #CryptoAdoption #BitcoinGrowth #Trump2024 #DigitalAssets https://bit.ly/414aqVG Mudrex