The Senate of Utah, seen by some observers as being the frontrunner to establish a bitcoin reserve, passed a Bitcoin bill that excluded provision for the state treasurer to invest in the largest cryptocurrency.
Instead it provides the state’s residents with basic custody protections and establishes the right to mine bitcoin (BTC), operate nodes and participate in staking, along with other various other provisions.
The senate’s passing of the bill on March 7 means it now passes to Governor Spencer Gox to be signed into law.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
During Asian trading hours, BTC hit a low of $69,101 on Bitstamp.Read MoreCoinDesk: Bitcoin, Ethereum,…
The decline followed sharp losses in Asian and U.S. tech shares, where concerns over peaking…
It is the same setup Michael Burry warned about this week, when he said falling…
The Bitcoin drawdown below $75,000 has market participants debating a familiar question: how long does…
On-chain data points to fading demand and tighter liquidity, while prediction markets show little expectation…
Bitwise is laying out a bold scenario: Bitcoin could climb to a new record in…