Category: Bitcoin News

BitMEX co-founder Arthur Hayes says Bitcoin holders need to be more patient and stop worrying about stocks and gold hitting record highs, because asking why Bitcoin isn’t higher misses the point. “If you thought you were buying Bitcoin and the next day you were buying a Lamborghini, you’re probably getting liquidated because it is not the right way to think about things,” Hayes told Kyle Chasse in an interview published to YouTube on Friday. “I’m sorry that you bought Bitcoin six months ago, but anyone who bought it two, three,…

Spot Bitcoin exchange-traded funds (ETFs) saw strong demand this week, recording more than $1.7 billion in inflows before the trading week closes on Friday.  SoSoValue data showed that the ETFs had a strong week, with Wednesday having nearly $800 million in inflows. As of Thursday, the ETF tracker showed that spot Bitcoin ETFs already had $1.7 billion in net inflows this week. The strong performance marks the ETFs’ biggest weekly total in nearly two months, highlighting renewed confidence in the asset class.  The strong ETF inflows came as Bitcoin (BTC)…

Albania’s government AI-powered virtual assistant, which helps citizens obtain everything from driver’s licenses to pension applications and court filings, has just become one of the world’s first AI politicians.  “Diella is the first cabinet member who isn’t physically present, but is virtually created by AI,” and jas been tasked with keeping Albania “100% free of corruption,” Albania’s Prime Minister Edi Rama reportedly said in a National Assembly of the Socialist Party on Thursday. Its task will be to oversee all government procurement of goods and services from the private sector,…

Avalanche Foundation, a nonprofit behind the cryptocurrency Avalanche, is reportedly raising $1 billion to launch digital asset treasury projects and accumulation projects. Avalanche Foundation is in active discussions with investors to launch a digital asset treasury company and convert another company into a “crypto-hoarding” vehicle, the Financial Times reported on Thursday, citing sources familiar with the matter. The nonprofit reportedly expects to raise $1 billion in funding, which would be used to purchase Avalanche (AVAX) from the foundation at a discounted price. Avalanche is the 21st largest cryptocurrency by market…

Kyrgyzstan, a key emerging player in Central Asia’s crypto market, has advanced a bill to establish a state cryptocurrency reserve and support the growth of the wider digital asset industry. Kyrgyz lawmakers have passed amendments to a bill “On virtual assets” in three readings at once, officially cementing terms like “state crypto reserve” and “state mining,” the parliament announced on Wednesday. Presented by Economy and Commerce Minister Bakyt Sydykov, the bill addresses multiple aspects of Kyrgyzstan’s crypto adoption, including establishing a legal framework for the issuance and circulation of stablecoins,…