Tag #Bitcoin

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Bitcoin's Rise: Public Pension Funds Hesitate Despite Political Push

The incoming Trump administration's pro-Bitcoin stance and growing state-level lobbying efforts are pushing for increased public pension fund investments in Bitcoin, despite significant risks and limited current adoption, with only Wisconsin and Michigan having made small investments.

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abcnews.go.com
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Trump Administration's Pro-Bitcoin Stance Fuels State-Level Cryptocurrency Investment Push

The incoming Trump administration's pro-bitcoin stance is fueling state-level lobbying efforts pushing for public pension fund and treasury investments in cryptocurrency, despite its high volatility and speculative nature; while some states like Pennsylvania are considering legislation, others like ...

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48% Bias Score

Reduced Inequality
cnbc.com
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XRP Surges 370% Post-Election on Regulatory Shift

Since the election of President-elect Trump, XRP cryptocurrency has surged 370%, surpassing Solana to become the third-largest cryptocurrency by market value, driven by a change in regulatory environment and subsequent ETF applications; however, its long-term prospects remain uncertain.

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48% Bias Score

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cincodias.elpais.com
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El Salvador to Potentially Abandon Mandatory Bitcoin Acceptance Amid IMF Loan Deal

El Salvador is nearing a \$1.3 billion IMF loan agreement, conditioned on making Bitcoin acceptance by businesses voluntary, potentially reversing its 2021 decision to make Bitcoin legal tender and raising concerns about the viability of cryptocurrency as a national currency.

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60% Bias Score

Reduced Inequality
english.elpais.com
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IMF Loan to El Salvador Contingent on Bitcoin Policy Reversal

El Salvador is negotiating a \$1.3 billion loan with the IMF, which requires making bitcoin's use voluntary rather than mandatory, potentially ending its status as legal tender. This follows years of criticism from the IMF regarding the risks associated with bitcoin adoption, including threats to fi...

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40% Bias Score

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theglobeandmail.com
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BlackRock Recommends 2% Bitcoin Allocation for Diversified Portfolios

BlackRock recommends a maximum 2% bitcoin allocation in diversified portfolios due to its potential for uncorrelated returns, but cautions about its volatility and risk, highlighting the need for suitable risk tolerance and governance. This follows their successful launch of bitcoin exchange-traded ...

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36% Bias Score

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repubblica.it
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ECB Uncertainty, Italian Bank Gains, and Bitcoin Surge

ECB vice president Luis de Guindos highlighted uncertainty about future interest rates due to geopolitical risks and potential protectionism, while Italian banks saw positive trading, with Bper leading at 1.9% gains amidst ongoing merger speculation. Bitcoin briefly topped \$106,000.

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32% Bias Score

Reduced Inequality
cnbc.com
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Memecoin Fartcoin's $700 Million Surge Exposes Crypto's Wild West

Fartcoin, a useless cryptocurrency, tripled in value to over $700 million in a week due to speculation following Bitcoin's rise since Donald Trump's election, highlighting the volatile memecoin market driven by algorithmic trading and lack of regulation.

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52% Bias Score

Reduced Inequality
lemonde.fr
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Bitcoin Price Dips Below \$100,000 Amidst Volatility and Uncertainty

Bitcoin's price recently fell below \$100,000, despite previous highs and endorsements from prominent figures; its future remains uncertain, despite its peer-to-peer payment model and use by a small number of websites.

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52% Bias Score

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abcnews.go.com
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"Iran Blackouts: Cryptocurrency Mining Suspected Amid Energy Crisis"

"Rolling power blackouts across Iran, particularly in Tehran, are disrupting lives and businesses amid suspicions that unauthorized cryptocurrency mining, fueled by subsidized electricity and low fuel reserves, plays a significant role."

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40% Bias Score

Affordable and Clean Energy
forbes.com
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BlackRock Recommends Bitcoin for 60/40 Portfolios

BlackRock, the world's largest money manager, recommends including 1-2% of Bitcoin in traditional 60/40 investment portfolios, marking a significant shift in mainstream acceptance of cryptocurrencies.

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32% Bias Score

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cnbc.com
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Texas Proposes State Bitcoin Reserve

Texas Representative Giovanni Capriglione introduced a bill to establish a state bitcoin reserve, accepting bitcoin for taxes and donations, to enhance fiscal stability and promote bitcoin innovation; this follows similar proposals in other states and countries.

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40% Bias Score

Reduced Inequality