Yet another government official is waking up to Bitcoin’s significance beyond its role as an asset. Rand Paul – Republican senator and well-known libertarian – recently questioned whether “cryptocurrency” could become the world reserve currency. As Bitcoin gains traction and legitimacy around the world, this reality grows ever-more plausible. Weakening Trust in Government Money Rand Paul aired his thoughts in an interview with Axios on Friday. The senator surmised that as trust in government decreases, “cryptocurrency” could “actually become the…

The first US Bitcoin ETF – The ProShares Bitcoin Strategy ETF – may prove itself popular beyond sustainability. The fund is already approaching its limit on futures contracts holdings, as enforced by the Chicago Mercantile Exchange (CME). Bitcoin ETF: Too Popular to Handle? Last week, data from Bloomberg indicated that ProShares' Bitcoin ETF was holding 1900 futures contracts dated for October. This was only 100 short of the 2000 futures contract limit imposed by the CME during an ETF's first…

The Culture Cards is an up-and-coming fantasy hip hop game that uses NFT tradable cards depicting artists of the genre. The market for non-fungible tokens (NFTs) is rapidly advancing and capturing every art discipline in its way. And, music is one of its best bets for mainstream adoption and success. For instance, Wu-Tang Clan sold a one-copy album as an NFT for $4 million this year. Meanwhile, a similarly successful and emerging movement is GameFi. This sector focuses on blockchain-based…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,546 trillion. Bitcoin is down by nearly 1% despite a historic surge this week. Ethereum is up by nearly 5% after setting a new ATH this week. XRP is down by more than 4% after a disappointing week. Almost all altcoins have registered significant gains this week. The DeFi sector surpassed the $100 billion…

MiniFlokiADA is a crypto project that helps users earn passive income and NFTs from gaming and Elon Musk’s tweets. Its official launch took place on October 22, 2021. When he doesn’t influence Bitcoin’s ups and downs, Elon Musk unwittingly inspires countless projects to surface on the blockchain. Also, it doesn’t take much for Tesla’s CEO to trigger an avalanche of crypto projects. For instance, his latest pet friend, a Shiba Inu he calls Floki, has galvanized the community into launching…

NAYDIG has formed two more partnerships with traditional financial firms to bring them into the digital asset ecosystem. The fintech service provider has partnered with Q2 to allow clients of two major financial companies to purchase bitcoin. The companies include Five Star Bank and UNIFY Financial Credit Union. Banking With Bitcoin According to a press release from BusinessWire, NAYDIG has been integrated into Q2’s digital banking platform. Q2 is a financial experience company providing banks, credit unions, and fintech companies…

Walmart – the largest retailer in the United States – has launched a pilot with Coinstar to allow Bitcoin purchases. The program includes 200 Coinstar kiosks used to exchange U.S. coins for paper bills, gift cards, and BTC. Buy Bitcoin in Walmart As reported by Bloomberg on Thursday, the pilot is part of a larger initiative between Coinstar and Coinme. The latter is the world’s largest cash to crypto exchange with over twenty thousand locations. Per their partnership, Coinstar is…

Baby Floki Up is a hyper-deflationary token of the emerging Doge family. It’s aim is to increase investors' wealth and achieve healthy, long-term development. The Doge family is growing to the extent that not even the #DogeFather himself, Elon Musk, couldn't have anticipated. As it stands, numerous projects look to monetize the rapidly increasing fan base of everything Doge. One of these projects is Baby Floki Up, a fan-generated token, allegedly $FLOKI's younger brother. With a dynamic buyback mechanism and…

A pension fund in the United States has added both Bitcoin and Ether to its portfolio. This marks the first-ever cryptocurrency investment by a US public pension plan, further highlighting institutional demand for crypto exposure. Firefighter Pension Partners With NAYDIG According to a press release from Newswire, the Houston Firefighters' Relief and Retirement Fund (HFRRF) announced their investment this morning. NAYDIG – a Fintech service provider for banks, corporations, and institutions – facilitated the purchase on the fund’s behalf. It…

Could the Chinese government reconsider its stance against cryptocurrencies? The country's National Development and Reform Commission (NDRC) recently published a report seeking public opinion on the matter. China has dictated multiple bans on Bitcoin over the past 8 years. However, the government may have the motivation to not altogether reject its adoption. China Consults the Public Earlier today, the commission published its report to its website under the "Soliciting Opinions" (translated) category. It states that central departments have revised one…