Live Feed

New Hampshire Unveils $100 Million Bitcoin Collateralized Municipal Bond

New Hampshire’s Business Finance Authority (BFA) has launched a $100 million municipal bond allowing businesses and nonprofits to borrow against Bitcoin holdings, marking a first in the U.S. The bond mandates 160% overcollateralization, meaning that if the value of the Bitcoin collateral falls below 130% of the bond’s value, it will result in liquidation. The initiative aims to finance public works while ensuring that bondholders do not incur losses. BFA Executive Director James Key-Wallace stated that the arising fees will contribute to the Bitcoin Economic Development Fund to support local businesses and innovation. Governor Kelly Ayotte praised the bond as an innovative investment opportunity for the state, asserting it enables New Hampshire to take a leadership role in digital finance without involving taxpayer funds. Experts predict that if successful, this model could be adopted by other states, further legitimizing Bitcoin as a viable financial instrument in government finance.

Source 🔗

Trump's Pick to Run CFTC, Selig, Tells Senators Crypto a 'Critical Mission' at Agency

Mike Selig, the nominee for chairman of the Commodity Futures Trading Commission (CFTC), emphasized the importance of cryptocurrency regulation during his confirmation hearing. He reassured senators that digital assets would be a central focus of his tenure, aiming to establish a framework conducive to the growth of software developers and

Crypto Prices and Stocks Tumble as Withering Rate Cut Hopes

U.S. financial markets reacted negatively as traders reduced the likelihood of a Federal Reserve rate cut in December to 33%, down from near 100% just weeks earlier. This shift followed the Bureau of Labor Statistics' announcement that the release of the October employment report would be canceled due

Advocacy Group Proposes DeFi Solutions to Address Global Poverty

The DeFi Education Fund has proposed that decentralized finance (DeFi) technology could save up to $30 billion annually by lowering remittance costs, helping to alleviate poverty both in the U.S. and globally. In a recent blog post, the group highlighted the potential for DeFi to drastically reduce fees associated

Read next