The U.S. Treasury Department referred to Bitcoin as "digital gold" in its financial report
According to News.bitcoin, the U.S. Department of Treasury pointed out in its fourth quarter report for fiscal year 2024 that the main use of Bitcoin seems to be as a store of value in the decentralized finance (DeFi) world, also known as 'digital gold'; so far, speculative interest appears to have played a prominent role in the growth of digital tokens.
"Despite a small base, digital assets have still achieved rapid growth. The growth comes from both native cryptocurrencies such as Bitcoin and Ethereum, and stablecoins." The document added: "So far, household and industry adoption of cryptocurrency has been limited to holding digital assets for investment purposes."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HIFI Raises $37M Series A to Build Settlement Rails for Tokenized Money
Report: Anthropic in talks to lease up to 1GW of data center capacity, with related investments of at least 40 billions dollars
According to media reports, Anthropic is considering renting up to 1GW of computing power from Stream Data Centers. The data center developer indicated that deploying a full 1GW of computing power would require an investment of at least 40 billion USD. Anthropic needs to provide financial guarantees for this lease and separately raise funds for the installed chips.
Meta lost the lawsuit and may face a record fine of up to 219 billions dollars.
Meta lost a lawsuit in New Mexico, USA. The jury found that Meta engaged in deceptive practices regarding public communications and data privacy policies, violating state laws. The New Mexico Attorney General described the verdict as a "milestone moment" in holding tech giants accountable and will petition the court to impose a maximum civil fine of $219 billion on Meta. Meta stated that it disagrees with the verdict and will continue to defend itself.
Crypto prices
More
