INSUBCONTINENT EXCLUSIVE:
timeBitcoin (BTC) rallied above $110,000 for the first time late on May 21 after it gained over 3% in the past day and continued its rally
earlier in the day, which was the first time it traded above its long-held Jan
20 peak.Bitcoin has gained around 20% this year and has nearly doubled since its slump to $75,000 on April 7, triggered by US President
The S&P 500 fell 80 points in half an hour while the Nasdaq and Dow Jones mirrored the move, with all US indexes trading down on the
House of Representatives has passed the third reading of SB 21, a bill that seeks to establish a strategic Bitcoin reserve in the state
The bill passed in a 101-42 vote and will now go to Texas Governor Greg Abbott to either sign into law or veto.SB 21, authored by state
The legislation allows the comptroller to invest in any cryptocurrency with a market cap above $500 billion over the previous 12-month
Currently, the only cryptocurrency fitting the requirement is Bitcoin.Before the vote, state Representative Giovanni Capriglione said to the
6.Texas State Representative Giovanni Capriglione presenting SB 21
If Texas were its own country, it would have the eighth-largest economy in the world.If Abbott signs SB 21 into law, Texas will be the
second US state to allow for the creation of a cryptocurrency reserve
stablecoins for global institutional adoptionStablecoin adoption among institutions could surge as the United States Senate prepares to
debate a key piece of legislation aimed at regulating the sector.After failing to gain support from key Democrats on May 8, the Guiding and
heading to a debate on the Senate floor.The bill seeks to set clear rules for stablecoin collateralization and mandate compliance with
Faster, simpler, and more transparent than fiat
