Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

BlackRock is rolling out its iShares Bitcoin ETP in Europe, further bridging traditional finance with crypto. The new product, trading under the ticker IB1T, will be listed on Xetra and Euronext Paris. This launch offers European investors a regulated way to gain Bitcoin exposure without directly holding the asset. As institutional interest in Bitcoin grows, BlackRock’s move reinforces the demand for accessible, secure, and mainstream crypto investment options in global markets.

Kentucky has passed HB701, a law securing the right to self-custody Bitcoin. Signed by the governor, this legislation guarantees individuals full control over their Bitcoin without limitations. This step underscores Kentucky’s dedication to financial freedom and crypto innovation. As Bitcoin adoption grows, the law reinforces the state’s role in protecting digital asset rights, empowering residents with greater financial independence in the evolving crypto economy.

Oklahoma’s HB1203 bill has passed the House with a 77-15 vote, enabling the state to invest up to 10% of its public funds in Bitcoin or other digital assets with a market cap exceeding $500 billion. If the bill is approved by the Senate and Governor, it could pave the way for a major shift in state investment strategies, positioning Oklahoma as a forward-thinking player in the cryptocurrency space.

Arizona’s SB1025 and SB1373 bills, aimed at cryptocurrency investment and a digital asset reserve fund, have successfully passed their committee reviews. These bills propose new strategies for managing public funds with digital assets, signaling Arizona’s growing interest in crypto adoption. The next step is a final vote in the Arizona Senate. If approved, they will head to the Governor’s desk for final approval, potentially making Arizona a leader in state-backed crypto investments.

Circle has made history as the first stablecoin issuer to receive regulatory approval in Japan. This achievement paves the way for the official launch of USDC in the country, which will be led by SBI VC Trade, a subsidiary of SBI Holdings. The launch is set for March 26, marking a significant step for stablecoins in the Japanese market. This move is expected to enhance the adoption of digital assets in Japan and increase trust in Circle’s services.

Standard Chartered has introduced a new version of the “Magnificent 7” index, replacing Tesla with Bitcoin. This updated index, called “Mag 7B,” has outperformed the original, offering higher returns with lower volatility. By swapping out one of the tech giants for the world’s leading cryptocurrency, Standard Chartered aims to offer investors a more stable and profitable investment mix. The performance of “Mag 7B” has sparked interest in the evolving role of Bitcoin in investment strategies.

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Mt. Gox has recently transferred a staggering 11,501 BTC, worth $1.01 billion. Out of this, 10,608 BTC ($927 million) was moved to a new wallet, while 893 BTC ($78 million) was sent to a hot wallet. This massive transfer is part of Mt. Gox’s ongoing rehabilitation process, aimed at repaying creditors affected by the exchange’s collapse. With billions in Bitcoin on the move, the crypto market is watching closely, wondering how this will impact prices and market sentiment.

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Michael Saylor’s strategy has once again increased its Bitcoin holdings, purchasing 6,911 BTC for $584.1 million, at an average price of $84,529 per Bitcoin. This move further strengthens the company’s Bitcoin reserves and reinforces Saylor’s confidence in the cryptocurrency as a long-term asset. With a consistent focus on expanding its Bitcoin holdings, Saylor continues to push forward with his vision of Bitcoin as a key element of his financial strategy, aiming for substantial growth in the digital asset space.

The Bhutan Royal Government has transferred 721.46 BTC, worth approximately $63.24 million, to three newly created wallets within the past hour. The motive behind this sudden transfer remains unknown, fueling speculation in the crypto community. Bhutan has previously shown interest in digital assets, but this latest transaction raises questions about its Bitcoin strategy. Whether it’s a routine fund reshuffle or part of a bigger move, the crypto world is watching closely.Bhutan Shifts $63M in Bitcoin to New Wallets

A Hong Kong ETF issuer claims China is actively exploring a shift in its Bitcoin and crypto policy. While the country has maintained a strict stance on digital assets for years, growing global adoption and economic shifts may be prompting a reassessment. If China moves toward regulatory changes, it could have a major impact on the crypto market. Investors are now watching closely for any signs of a policy reversal.