NEW: "Every week, there is a Bitcoiner, at least one in the world, who gets kidnapped, tortured, extorted, and even worse. We have seen cases of kidnappings for as little as $6K worth of crypto, and people murdered for $50K in crypto," says SatoshiLabs founder Alena Vranova. image
NEW: πŸ‡­πŸ‡° Hong Kong-based Cango Inc. acquires a 50 MW mining facility in πŸ‡ΊπŸ‡Έ Georgia, USA, for $19.5M in cash. image
The 29-year-old executive director of the White House Crypto Council says he’s going back to the private sector β€” but will work part-time in government as an adviser on artificial intelligence alongside AI & Crypto Czar David Sacks. https://bitcoinnews.com/legal/bo-hines-steps-down-digital-asset-adviser/
It’s gunna be a big week. image
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Jerome Powell: We're not allowed to own Bitcoin.
Officials and analysts think these institutions will offer deposits, lending and payments in bitcoin. This would make the South American nation the only country in the world with bitcoin deeply embedded in its core banking infrastructure.
Bitcoin News
El Salvador Pushes Forward With Plans for World’s First Bitcoin Bank
The El Salvadoran government has not yet published any details about how the announced bitcoin banks will operate.
Catching a bid πŸ‘€ image
Last May, students at Ohio State University audibly gasped and boo’d when the commencement speaker brought up Bitcoin. β€œIs this real? I don’t like this. This is really embarrassing.” Bitcoin was $68K at the time. It’s $116K just over a year later. From Molly White
Harvard economist Kenneth Rogoff in 2018: Bitcoin is more likely to hit $100 than $100,000 within a decade. Harvard University in 2025: Holds over $100 million in a Bitcoin ETF, with Bitcoin trading above $100K.