Author Archive for Umer

About Umer

Bhutan’s government transferred 935 BTC ($66 million) to Binance as Bitcoin nears $71,000, fueling speculation about possible sales. Bhutan’s crypto strategy prioritizes Binance, with substantial holdings and additional assets in Ethereum and other cryptocurrencies, highlighting a robust digital asset approach. Following news of Bhutan’s Bitcoin holdings of 13,000 BTC, a... read more →
BRICS membership is growing, setting a positive pathway for Bitcoin adoption. With the bloc no longer poised to build new de-dollarization infrastructure, the chances of BTC adoption remain high. In a recent CNBC interview, Matthew Sigel, Head of Digital Asset Research at VanEck, said the BRICS bloc will increase the... read more →
Russia’s Sovereign Wealth Fund is channeling investments into Bitcoin mining across BRICS nations, aiming to facilitate global trade settlements in Bitcoin.  The concentration of mining within the BRICS nations may lead to network centralization, a potential risk for Bitcoin’s decentralized ethos. Russia’s Sovereign Wealth Fund has made a decisive move... read more →
Franklin Templeton’s move to Coinbase’s Base marks a major step toward integrating traditional finance with blockchain. FOBXX on Base exemplifies blockchain’s potential for efficiency, with tokenized assets now spanning multiple blockchain networks. For the first time, an established fund has launched on Coinbase’s Base network, with Franklin Templeton introducing its... read more →
Bitcoin ETFs nearing Satoshi-level holdings spotlight rapid institutional adoption and growing centralization concerns. The recent surge in Bitcoin ETF holdings is sparking supply concerns, potentially limiting access for smaller investors. Bitcoin ETFs Reach 1 Million BTC, Could Exceed Satoshi’s Holdings in Two Weeks U.S. spot Bitcoin ETFs have collectively acquired... read more →
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