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6.5 Billion Reasons Why Bitcoin is Back in the Spotlight

The U.S. Government has been granted the authority to sell $6.5 billion worth of Bitcoin, originally seized from the Silk Road, before the end of the current administration. This move comes as part of a broader strategy to manage assets linked to illegal activities. Meanwhile, in a significant development for the crypto industry, Ethereum and other cryptocurrencies like Bitcoin and BNB are being considered by Bhutan to bolster its reserves. This eco-friendly city’s approach highlights a growing trend of integrating digital currencies into national financial strategies. Additionally, Ripple has partnered with Chainlink to enhance its RLUSD stablecoin, aiming to provide more secure data feeds. China has also placed blockchain technology at the core of its national data strategy, signaling a major shift towards decentralized technologies. These statistics and developments underscore the increasing mainstream acceptance and regulatory attention towards cryptocurrencies.

Source: cryptoslate.com

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