Author: Rebecca Campbell
United Kingdom Source: CoinJournal: Home
Mar 09, 2025 02:00

President Trump signs executive order for a Strategic Bitcoin Reserve

David Sacks estimated that the US government holds around 200,00 Bitcoin He said the US won’t sell any Bitcoin deposited into the Reserve The Digital Asset Stockpile will hold digital assets other than Bitcoin forfeited in criminal or civil proceedings US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and […]

View Details
Author: Oluwapelumi Adejumo
United States Source: CryptoSlate
Mar 08, 2025 01:10

Elizabeth Warren questions Crypto Czar David Sacks cryptocurrency profits amid market swings

Senator Elizabeth Warren has called for greater transparency in David Sacks‘ role as Donald Trump administration’s crypto and artificial intelligence advisor. In a March 6 letter, Warren urged Sacks to prove that he is not personally profiting from policies that favor select digital assets, weaken regulatory oversight, and ease enforcement actions against the crypto industry. Warren stressed […]

View Details
Author: Rebecca Campbell
United Kingdom Source: CoinJournal: Home
Mar 09, 2025 02:00

Crypto prices fall despite Trumps Bitcoin reserve plan

Bitcoin was trading at around $88,000, dropping 1.50% in the last 24 hours Ethereum, XRP, Solana, and Cardano have also seen prices dip following news of the Digital Asset Stockpile TD Cowan analysts consider it a “compromise” and that the reserve is a positive move from the White House Crypto prices remained unchanged on Friday […]

View Details
Author: BitPinas
Philippines Source: BitPinas
Mar 07, 2025 02:55

Quick Take: Trump Signs Executive Order Establishing U.S. Strategic Bitcoin Reserve

The U.S. government will not actively acquire new assets for this stockpile beyond what is seized.

View Details
Author: Rebecca Campbell
United Kingdom Source: CoinJournal: Home
Mar 07, 2025 02:05

Trumps crypto czar says lack of Bitcoin long-term strategy has cost taxpayers billions

Over the past 10 years, the federal government has sold around 195,000 Bitcoin for $366 million Today, that figure would be worth over $17 billion Sacks said the lack of a “long-term strategy” has cost American taxpayers White House artificial intelligence (AI) and crypto czar David Sacks has criticized the US federal government’s lack of […]

View Details
Author: Nakamura Haruto
Indonesia Source: Kanalcoin
Mar 06, 2025 04:40

White House Crypto Summit to Feature Top Industry Leaders

The White House Crypto Summit on March 7 will bring together key figures from the cryptocurrency industry and government officials.

View Details
Author: Nakamura Haruto
Indonesia Source: Kanalcoin
Mar 05, 2025 04:40

US Lawmakers Push to Overturn IRS Crypto Broker Rule

A bipartisan effort is underway in Congress to overturn an Internal Revenue Service (IRS) regulation that would impose stringent reporting requirements on decentralized finance (DeFi) platforms.

View Details
Author: Wayne Jones
Bulgaria Source: CryptoPotato
Mar 04, 2025 01:01

David Sacks Confirms Selling Crypto Holdings Before Joining Trump Administration

Sacks sold his Bitcoin, Ethereum, and Solana holdings before becoming Trumps Crypto Czar, undergoing an official ethics review.

View Details
Author: Nakamura Haruto
Indonesia Source: Kanalcoin
Mar 04, 2025 04:45

White House Crypto Chief David Sacks Sells Digital Assets Post-Inauguration

White House AI and cryptocurrency czar David Sacks and his firm, Craft Ventures, have sold their direct cryptocurrency holdings following Donald Trumps inauguration

View Details
Author: Wayne Jones
Bulgaria Source: CryptoPotato
Mar 20, 2025 01:00

David Sacks Defends Crypto Divestment Against Media Criticism

Sacks pushes back against media claims he dumped crypto, stating his divestment was necessary to adhere to ethics regulations.

View Details
Author: Crypto Breaking News
United Kingdom Source: Crypto Breaking News
Mar 12, 2023 10:30

Report: Silicon Valley Bank Under FDIC Auction as Calls for Bailout Grow

The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placed it into FDIC receivership on [...]

View Details
Author: Rebecca Campbell
United Kingdom Source: CoinJournal: Home
Feb 07, 2025 02:00

Ark Invest: Stablecoin transaction value reached $15.6T in 2024, beats Mastercard and Visa

Stablecoin transaction value surpassed Mastercard and Visa by 200% and 119% The number of monthly stablecoin transactions reached 100 million in 2024 Stablecoin transaction value roughly doubled year-on-year from $7 trillion in 2023 The transaction value of stablecoins hit $15.6 trillion in 2024 overtaking traditional payments made with Mastercard and Visa. The data, published in […]

View Details
Author: Nakamura Haruto
Indonesia Source: Kanalcoin
Mar 03, 2025 04:40

Trump to Host White House Crypto Summit Amid Policy Shift

President Donald Trump is set to host the White Houses first cryptocurrency summit next Friday, marking a significant shift in the administrations approach to digital assets.

View Details
Author: Cointelegraph by Vince Quill
United States Source: Cointelegraph.com News
Dec 08, 2024 12:00

Bitcoin can separate money and state David Sacks

Sacks also highlighted Bitcoin's portability as a major feature of the crypto that makes it an attractive option during social turmoil.

View Details
Author: Jake Simmons
United Kingdom Source: NewsBTC
Dec 07, 2024 12:05

Trumps Crypto Czar David Sacks Is Super Bullish For Solana: Heres Why

Solana (SOL) could be one of the biggest winners from the nomination of David O. Sacks as White House Director of Artificial Intelligence and Cryptocurrency. President-elect Donald J. Trump has appointed David Sacks as Crypto Czar” on Thursday. Trump stated that Sacks will work to develop a legal framework to provide the crypto industry with the clarity it has been seeking, allowing the industry to flourish in the United States. Sacks brings a high-profile background to the role: he was Chief Operating Officer of PayPal during its formative years and serves as an advisor to the 0x protocol. Related Reading: Solana (SOL) Could See A Correction Despite Historic Monthly Close, $400 Still On Sight? Known for his long standing support of Bitcoin as a decentralized hedge against traditional finance and a proponent of decentralized finance (DeFi) for increasing transparency in the financial system, Sacks has also invested in multiple cryptocurrency projects through his venture capital firm, Craft Ventures. Why Sacks Is Super Bullish For Solana Among his most notable exposures is his early investment in the Solana blockchain, achieved through the crypto-focused investment firm Multicoin Capital. In 2023, Sacks confirmed that he maintained his Solana (SOL) position despite the FTX-related market turbulence and remained up big. Craft Ventures early involvement with Solana, via Multicoin Capital, reportedly generated substantial returns. According to Sacks own account on a podcast (when SOL stood at $169), this investment soared to a valuation around $1 billion. That fund, I mean, its like a 100x fund, its just like bonkers. And so as a result of that, we are indirect beneficiaries of this huge increase in Solana. It will end up being about, you know, a billion dollars of, I think, Solana for us in terms of returns, but the MultiCoin guys determine the trading decisions on that, Sacks revealed during a podcast. Sacks has discussed Solana in detail on the All-In Podcast with Chamath Palihapitiya, the founder and CEO of Social Capital. Their conversations have highlighted Solanas capability to support rapid, cost-effective transactions at scale, often comparing its architecture and throughput favorably against that of Ethereum. Theres a lot of people, Id say smart money in Silicon Valley, who are betting on a flippening where Solana could ultimately overtake Ethereum as the preferred platform, Sacks remarked. Related Reading: Solana (SOL) ATH Sparks $309 Price Prediction Frenzy Details Notably, a spot Solana ETF is just around the corner in the US with 5 applications already filed with the US Securities and Exchange Commission. With the appointment of Sacks, the likelihood of a spot SOL ETF following the departure of Gary Gensler as SEC Chairman on January 20 is likely to have increased further. Solanas strong fundamentals and growing institutional recognition are being reflected in its price action. At press time, Solana is trading just below a new all-time high established two days ago at $264.39, having surpassed its previous record from October 2021 at $259.90. Should SOL breach this newly formed resistance level, technical analysts point to potential upside targets. These include the 1.272 Fibonacci extension at around $328 and the 1.618 Fibonacci extension at approximately $415. At press time, SOL traded at $234. Featured image from YouTube, chart from TradingView.com

View Details
Author: Rebecca Campbell
United Kingdom Source: CoinJournal: Home
Dec 07, 2024 02:00

Donald Trump names David Sacks as AI and crypto czar

David Sacks is the former PayPal COO and founder of Yammer, a SaaS company He will work on a legal framework providing the crypto industry with the clarity it wants US President-elect Donald Trump has announced that David Sacks will be the lead policy advisor on artificial intelligence and crypto, dubbing him the “White House […]

View Details
Author: Cointelegraph by Helen Partz
United States Source: Cointelegraph.com News
Dec 07, 2024 12:00

Trumps crypto czar is Solana bull and Multicoin Capital investor

US crypto czar selection David Sacks is bullish on Solana and is among investors of SOL-related investment firm Multicoin Capital.

View Details
Author: Cointelegraph by Vince Quill
United States Source: Cointelegraph.com News
Dec 30, 2024 12:02

David Sacks has 2 years to push through meaningful policies lawyer

Republicans currently have a narrow majority in the United States House of Representatives, where the party holds 219 seats.

View Details
Author: Cointelegraph by Tom Mitchelhill
United States Source: Cointelegraph.com News
Dec 24, 2024 12:00

Trump appoints former college football player Bo Hines to head crypto council

Bo Hines will work under Donald Trumps crypto and AI czar, David Sacks, on the incoming presidents crypto council in a bid to foster innovation and growth for digital assets.

View Details
Author: Rebecca Campbell
United Kingdom Source: CoinJournal: Home
Dec 15, 2024 02:00

French Hill voted in to chair US House Financial Services Committee next year

Hill won after a second round vote, beating three other crypto-friendly Republicans Current Chair Patrick McHenry is retiring in on January 25, 2025 Hill has championed several crypto bills, including legislation to regulate digital assets Crypto-friendly French Hill will take over as Chair of the US House Financial Services Committee in next year’s new Congress. […]

View Details May 23, 2025 05:10    Worldcoin Jumps 10% After World Foundation Raises $135M Through Early Backers May 23, 2025 05:10    Michael Saylors Strategy (MSTR) Opens $2.1B ATM Program for Strife Preferred Stock  May 23, 2025 05:10    Despite Record Prices, Bitcoin Selling Pressure Craters as Investors Hold Firm, Cryptoquant Reports May 23, 2025 04:25    Bitcoin Overtakes Amazon in Total Market Cap, as Supporters Eye even Bigger Targets... May 23, 2025 04:20    Ethereum (ETH) Price Prediction 2025, 2026-2030 May 23, 2025 04:20    Best Cryptos To Invest in for Huge Returns In 2025: Solana, Cardano, Unilabs May 23, 2025 04:20    The Rise of AI-Integrated Cryptocurrencies May 23, 2025 04:20    Unilabs Finance Hits $800,000 After Referral System Launch, While Litecoin and Cardano Explode May 23, 2025 04:20    U.S. Senate Advances GENIUS Act: A Game-Changer for Stablecoin Regulation May 23, 2025 04:20    Bitcoin (BTC) Price Prediction 2025, 2026-2030