Amidst a potential lame-duck session, Rep. Patrick McHenry sees a chance for crypto legislation, including the FIT21 bill, to be attached to a spending bill. Meanwhile, Trump’s involvement in crypto, particularly with his WLF token, raises concerns about conflicts of interest and the Emoluments Clause, as Democrats may resist supporting crypto bills that could benefit the Trump family financially. Senate Majority Leader Chuck Schumer acknowledges the future of crypto but has not prioritized it in his legislative agenda.
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Generated 0 posts last week Bitcoin’s Role in Financial Landscape and Price Predictions for 2024
Bitcoin’s recent surge in value has been attributed to factors such as institutional demand, expected lower interest rates, and increased government spending. Analysts predict a bullish trajectory for Bitcoin’s price, emphasizing the importance of a long-term investment approach and diversification to manage risk. Regulatory clarity and mainstream acceptance are seen as key drivers for Bitcoin’s future growth and investment potential.
read moreStrike Expands Bitcoin Services to Seven African Countries for Cross-Border Payments
Bitcoin firm Strike has expanded its services to seven African countries, offering support for cross-border payments and business transactions. The company aims to provide affordable and quick B2B cross-border payments using Bitcoin technology, targeting regions with economic challenges and high remittance rates. This expansion allows users to access Bitcoin and USDT services, with plans for further market announcements in the future.
read moreBitcoin’s Rising Value and Global Impact: A Brief Overview
Bitcoin has reached new all-time highs in 14 countries, including Japan, Argentina, Nigeria, and others, as individuals seek an alternative currency amidst high inflation and economic instability. Analysts predict Bitcoin’s price to potentially reach $200,000 by 2024, with the current price nearing $60,000 and showing strong upward momentum.
read moreBitcoin Payments App Strike Expands to Africa, Addressing Financial Challenges
Strike, a Bitcoin-focused payments app, has launched “Strike Africa” to provide Bitcoin-based financial solutions in countries facing high inflation. The expansion aims to empower individuals in Africa by offering services like buying and selling Bitcoin and Tether’s dollar stablecoin, local fiat currency on-ramps and off-ramps, and global payments using Bitcoin’s Lightning network. This move reflects Strike’s commitment to global financial inclusion and innovation, addressing the economic challenges faced by African nations.
read moreBlock’s Bitcoin Revenue Surges to $2.5 Billion in Fourth Quarter
Block, led by CEO Jack Dorsey, reported a significant increase in Bitcoin revenue and gross profit in the fourth quarter of last year. The company’s total Bitcoin revenue for the quarter reached $2.5 billion, driven by factors such as an increase in the average market price of BTC and the appreciation of Block’s BTC inventory. Additionally, Cash App, the company’s mobile payment service, aims to expand its banking services to households in the United States earning up to $150,000 per year.
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