Bitcoin Magazine Texas Becomes First U.S. State to Buy $10M of BlackRock’s Spot Bitcoin ETF On November 20, Texas became the first U.S. state to buy Bitcoin for its Strategic Reserve, acquiring $10 million at roughly $87,000 per BTC, according to Lee Bratcher, President of the Texas Blockchain Council. The purchase was made through BlackRock’s […]

Bitcoin Magazine Polymarket Receives Approval From CFTC For Official U.S. Return Polymarket, the world’s largest crypto-based prediction market, announced today that the U.S. Commodity Futures Trading Commission (CFTC) has issued an Amended Order of Designation.  The approval allows Polymarket to operate an intermediated trading platform under the full set of federal rules for U.S. exchanges.

Bitcoin Magazine Bitcoin Price Sits Down Over 30% From All-Time Highs as Market Waits for Next Catalyst Bitcoin price is down more than 30% from its October record and continues to leak lower, slipping another 1% overnight to trade near $87,000 this morning. It’s the latest episode of a near two-month-long drawdown that has caught

Bitcoin Magazine Japan Moves to Mandate Reserves for Crypto Exchanges as Hacks Mount Japan is preparing another major tightening of its digital-asset rulebook, with the Financial Services Agency (FSA) planning to require crypto exchanges to set aside liability reserves to compensate customers in the event of hacks, operational failures, or bankruptcies, according to reporting from

Bitcoin Magazine TD Cowen Sees Strategy ($MSTR) Under Pressure as MSCI Index Review Looms TD Cowen analysts say Strategy’s stock could face continued pressure due to an impending MSCI review.  The firm expects that PBTCs like Strategy will be removed from all MSCI indexes this February. A formal decision is expected around mid-January. Cowen called

Bitcoin Magazine Bitcoin Defends $84K Support Like a Champ: Oversold Bounce Targets $94K This Week Bitcoin Bulls Stunned after Sellers Take Price All the Way Down to $80K Last week, we identified the $84,000 area as the next major support for bitcoin, and that’s exactly where the price went. Bitcoin dropped to nearly $80,000 but

Bitcoin Magazine Bitcoin Price Rebounds to $86,000 as Deutsche Bank Flags Five Forces Behind the Sell-Off The bitcoin price is coming off its worst week since February, sliding more than 30% from last month’s highs and reopening an old question for investors: why is this happening now? According to Deutsche Bank, the sell-off isn’t driven

Bitcoin Magazine Samourai Wallet Co-Founder Sentenced to Four Years for Crypto Money Laundering On November 19, William “Bill” Hill, 67, co-founder of Bitcoin mixing service Samourai Wallet, was sentenced to four years in prison for operating an unlicensed money transmitting business that processed over $237 million in criminal proceeds, according to journalist Frank Corva.   Hill

Bitcoin Magazine Strategy’s (MSTR) Michael Saylor Dismisses Index Concerns: ‘Our Conviction in Bitcoin is Unwavering’ Michael Saylor pushed back on recent reports warning that Strategy could face billions in passive outflows if MSCI excludes the company from major equity indices. In a statement on X, Saylor said that Strategy is “not a fund, not a

Bitcoin Magazine Bitcoin Price Dip Or New Bear Market? Bitcoin price has started to show clear signs of weakness, and the recent move back below six figures has forced a reassessment of the near-term outlook. With several important technical and on-chain levels now lost, I have recalibrated my base case so that the probability of