Day: October 30, 2024

Florida Considers Bitcoin for State Pension Funds

Florida’s Chief Financial Officer, Jimmy Patronis, has taken a bold step toward integrating Bitcoin into the state’s pension fund investments. In a letter to the State Board of Administration (SBA) on Tuesday, Patronis requested a feasibility report on the potential benefits of investing a portion of the state’s retirement funds in cryptocurrency, specifically Bitcoin. This […]

Crypto Booms in Africa with 183% Growth in Telegram

Between January 2023 and August 2024, Telegram-based crypto communities across Africa saw a remarkable 183% increase in participation. According to a report commissioned by crypto exchange Bitget, the continent’s crypto adoption is accelerating at an unprecedented pace. With projections suggesting 54 million African users by 2025. Nigeria and South Africa are set to lead this […]

Bitcoin ETFs Surge Amid Record-High Speculation

Bitcoin ETFs experienced a wave of inflows totaling $870 million yesterday. As Bitcoin itself came within $175 of breaking its all-time high of $73,737.94. BlackRock’s iShares Bitcoin Trust (IBIT) recorded $3.36 billion in trading volume—the highest in six months, according to Coinglass. This surge in ETF activity signals heightened institutional interest. Possibly driven by fear […]