Global #Bitcoin

Less than a week after its launch, the "Bitcoin for Corporation" initiative has gained significant traction with the inclusion of Japanese investment firm Metaplanet Inc (TYO: 3350) as a founding member.

The cryptocurrency market has once again been rocked by volatility, with a weekend of euphoria giving way to fear as the new week begins. Bitcoin, the flagship cryptocurrency, saw a significant 5.7% drop over the past 12 hours, shedding $4,000 from its price, plummeting from $70,000 to just below $66,000 during early Asian trading on Tuesday, where it found support.

As the U.S. federal government's outstanding borrowing hits a staggering $35 trillion, concerns about national debt and its implications for the economy are more pronounced than ever. Historically, mounting national debt has often led to increased inflationary pressures and a loss of confidence in traditional fiat currencies.

Cantor Fitzgerald, a renowned financial services firm, is setting its sights on a significant expansion into the Bitcoin financing sector with an initial capital injection of $2 billion.

Mt. Gox, once the world's largest cryptocurrency exchange, has recently begun test transfers as it prepares to move a substantial amount of Bitcoin. The test is a crucial step in the process of distributing 80,500 BTC to creditors, a significant milestone in the long-awaited resolution of the exchange’s bankruptcy proceedings.

In a dramatic shift that has captivated the cryptocurrency community, former President Donald Trump has outlined a series of bold promises regarding U.S. cryptocurrency policy.