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State-Level Bitcoin Reserves Are Here. Here's What You Need to Know.

The state of New Hampshire signed a bill into law on May 6 that enables its state treasury to invest in digital assets like Bitcoin (CRYPTO: BTC). Arizona followed suit by signing a slightly different bill of its own into law on May 7. Much like the federal government's Strategic Bitcoin Reserve (SBR), neither of these state-level reserves has been implemented as of yet.

Why Robinhood Markets Stock Was Zooming Higher This Week

The company is apparently leaning on blockchain technology to open a potentially vast new market. According to a media report, the brokerage wants to partner with an existing blockchain platform for this work. According to data compiled by S&P Global Market Intelligence, the stock of upstart financial services company Robinhood Markets (NASDAQ: HOOD) was rising by more than 11% week to date as of early Friday morning.