The move marks a rapid shift in attitude toward digital instruments, and comes as Russian businesses confront growing payment pressures triggered by US threats of secondary sanctions on foreign banks. While the use of digital currency for payments is currently prohibited in Russia, Putin this month called on the government “not to miss the moment” in regulating the method inside the country and in foreign deals.
Cryptocurrencies “are increasingly used in the world as a means of payment in international settlements,” Putin told officials.
PAUL KRUGMAN: "The truth is that Bitcoin, which was introduced 15 years ago, an eon in tech time, remains economically useless: A 2022 survey found that transactions involving crypto assets "are seldom used for payments outside the crypto ecosystem." A couple of exceptions to its uselessness are money laundering and extortion."
Trump's overtures to the #Bitcoin industry to install friendly regulators may have the effect of near-term BTC price being tied to the outcome of the 🇺🇸 US presidential election, per Jefferies.
Democratic candidate for Delaware Governor, Matt Meyer: "For DE to be competitive, we need to embrace innovation technology. That’s why I will protect the right for Delawareans to buy & self-custody Bitcoin"
Trump raised $25 million for his campaign at the Bitcoin Conference in Nashville, making it his second-highest grossing fundraiser across three presidential campaigns
Craig Wright changes the homepage of his website to a legal notice explicitly stating he is not Satoshi Nakamoto.
In the last week, the number of reachable #Bitcoin nodes has fallen over 40% 😮
What do you think is causing this drastic fall-off? 🤔
Metaplanet stock is up 500% since it started buying #Bitcoin in April 2024 👀
Democrats hoping to block a Trump victory in November could court [Bitcoiners] favor by easing up on recent regulatory crackdowns, treating bitcoin miners fairly and like any other purchasers of energy, and focusing enforcement efforts on actual criminals such as Sam Bankman-Fried, rather than harassing software developers who build privacy tools for bitcoin.
As an olive branch, Democrats could also support the bitcoin network as a peaceful mechanism for exporting American values worldwide.
MicroStrategy is close to becoming one of the top 300 most valuable companies by market cap in the 🇺🇸 United States
