Arthur Hayes: US Unlikely to Acquire Bitcoin Due to Debt and Political Risks
The United States is unlikely to actively increase its reserves in the leading cryptocurrency, suggested BitMEX co-founder Arthur Hayes.News about strategic Bitcoin reserves.
Arthur Hayes: US Unlikely to Acquire Bitcoin Due to Debt and Political Risks
The United States is unlikely to actively increase its reserves in the leading cryptocurrency, suggested BitMEX co-founder Arthur Hayes.
Arizona’s Attempt to Establish a Bitcoin Reserve Fails
Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state treasurer and pension funds to invest up to 10% of their assets in virtual currencies such as Bitcoin.
Arizona Lawmakers Approve Bitcoin Reserve Initiative
Arizona state legislators have approved a bill to establish a Strategic Bitcoin Reserve (SBR), according to Bloomberg Government. The document has been sent to Governor Katie Hobbs for her signature. It permits the investment of up to 10% of treasury and pension fund assets in digital assets. The bill was co-authored by Senator Wendy Rogers […]
Binance Advises Nations on Establishing Bitcoin Reserves
Binance is advising several countries on the regulation of digital assets and is actively involved in developing strategies for forming cryptocurrency reserves. This was revealed by the company’s CEO, Richard Teng, in an interview with Financial Times. He noted that the United States sets the tone in the realm of crypto legislation under the leadership […]
Oklahoma Senate Rejects Bitcoin Reserve Proposal
A bill proposing a strategic Bitcoin reserve (SBR) in the Oklahoma House of Representatives failed to gain approval in the Senate’s relevant committee. ?? State Reserve Race Update: Oklahoma Reserve Bill HB1203 has FAILED in the Senate Revenue and Taxation Committee, 6-5. The No votes were:— Sen. Todd Gollihare [R]— Sen. Chuck Hall [R]— Sen. […]
China’s Authorities Allegedly Sell Seized Cryptocurrencies Abroad
Local authorities in China are reportedly using private companies to sell confiscated cryptocurrencies overseas to bolster their budgets. This information comes from transactional and court documents cited by Reuters. The lack of clear regulations on how officials should handle seized cryptocurrencies has led to “inconsistent and opaque approaches.” Some legal experts fear this could foster […]
Swedish Finance Minister Urged to Consider Bitcoin Reserve
Swedish MP Rickard Nordin published an open letter urging Finance Minister Elisabeth Svantesson to consider adopting Bitcoin as a national reserve asset. “Sweden has a tradition of a conservative and well-managed currency reserve, consisting mainly of foreign currencies and gold. At the same time, there is rapid development in digital assets, and several international players […]
Bitcoin Initiatives Emerge Across Several U.S. States
North Carolina legislators proposed using Bitcoin as a means of payment. The New Hampshire House of Representatives approved a Bitcoin reserve bill. Florida’s House Insurance and Banking Subcommittee unanimously passed a similar document. The House of Representatives in North Carolina introduced a bill that would allow cryptocurrencies to be used for transactions such as tax […]
Bitwise: US Bitcoin Reserve Eliminates Final Risk for Cryptocurrency
President Donald Trump’s decision to establish a strategic Bitcoin reserve (SBR) has removed the “last existential risk” for the leading cryptocurrency, according to Bitwise CIO Matt Hougan. He stated that the initiative makes the current moment “the best time in history” to purchase digital gold, considering the balance of risk and return. Hougan noted that […]
Peter Schiff Amasses ~$4760 in Personal Bitcoin Reserve
Peter Schiff, President of Euro Pacific Asset Management and a well-known critic of cryptocurrencies, announced on his 62nd birthday that he would accept Bitcoin as gifts to build his own digital asset reserve. For transparency, I moved my Strategic Bitcoin Reserve from an exchange to a hardware wallet. Today is my 62nd birthday. To build […]
South Korea Dismisses Idea of Strategic Bitcoin Reserve
The Bank of Korea has “never considered” including Bitcoin in its foreign exchange reserves and views such a prospect “with caution,” according to Korea Economic Daily. The regulator clarified its stance in response to a query from a member of the National Assembly’s Strategy and Finance Committee. The primary deterrent cited by the South Korean […]
Majority of US Voters Oppose Crypto Reserve Initiative
A majority of American voters are against a crypto reserve funded by government spending and do not view the development of the industry and blockchain technology as a priority. This is according to a survey by Data For Progress. Data: Data For Progress. Among the 1,169 respondents, 51% are against the implementation of such a […]We use cookies to improve the quality of our service.
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