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As bitcoin’s (BTC) price has fallen since Donald Trump took office, it is converging toward the corporate cost basis at Strategy. Michael Saylor’s giant BTC holding company owns 499,226 coins acquired for an average of $66,360 apiece. Today, a concerningly slim, 27% cushion separates BTC’s declining price from the company’s cost basis. For years, Strategy (formerly MicroStrategy) enjoyed a generous price cushion between BTC and its prior purchases. For example, in celebration of Trump’s January 20 inauguration, BTC hit an all-time high of $108,786 — 73% above Strategy’s average purchase price of $62,691 at the time. There have been even better times, such as 2021 or mid-2024, when the price of BTC was more than double Strategy’s cost basis. However, crypto entered a bear market shortly after Trump entered the White House. The president continued to promote memecoins, declined proposals for buying Saylor’s recommended 4 million BTC or Cynthia Lummis’ recomme...

The banking sector could embrace crypto payments if clearer rules are in place Crypto would be another form of payment like Visa and Mastercard, said Brian Moynihan A new crypto task force aims to provide a “clear regulatory framework for crypto assets” Bank of America’s CEO said the US banking industry will embrace crypto payments if clearer rules are in place from regulators. In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Brian Moynihan said that all banks send money digitally nowadays. He added that if rules come in and crypto payments are made “real,” then “the banking system will come in hard on the transactional side of it.” “If you go down the street here and you go in and buy lunch, right, if you can pay with Visa, Mastercard, a debit card, Apple Pay, etc., this would just be another form of payment,” the BoA CEO said. To date, US banks have been cautious about offer...

In what is certainly an important development for this state of the industry within the country, Telegram has announced that its The Open Network (TON) Blockchain will officially expand in the US. Indeed, the network connected to the Telegram messenger is seeking to embrace the pro-crypto regulation that is expected under United States President-elect Donald Trump, according to a Bloomberg report. The entire industry is expecting favorable regulation to be a key impact of Trump’s return to the White House. Moreover, the returning commander-in-chief is expected to issue executive crypto policy orders on his first day returning to the Oval Office. JUST IN: Telegram's TON blockchain to expand to US. — Watcher.Guru (@WatcherGuru) January 14, 2025 Also Read: Toncoin Rebounds as Telegram Founder Breaks Silence on Arrest Telegram Expanding to US as Pro-Crypto Regulation Expected Under Trump In November of 2024, Donald Trump emerged victorious in a historic United States presidential ele...