Former US Treasury Secretary Knocks Trump’s Bitcoin Reserve Plan

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Trump’s BTC reserve plan would be a ‘bad deal‘ — Ex-NY Fed president

Bill Dudley joined others in suggesting the only purpose of a US government Bitcoin reserve would be to reward Trump’s crypto supporters.

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Peter Schiff Slams MicroStrategy’s Bitcoin Bet: ‘It Will Crash’

A well-known gold advocate denounced MicroStrategy’s investment plan to purchase more Bitcoin and build up its crypto reserve. Peter Schiff, a vocal critic of the firstborn cryptocurrency, also slammed the pro-crypto stance of President-elect Donald Trump, arguing that it is detrimental to the country.

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Vancouver mayor plans to introduce ‘Bitcoin-friendly city’ plans

The proposed plan by Vancouver Mayor Ken Sim for the city’s “diversification of financial resources” suggested an investment in Bitcoin as a reserve asset.

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VanEck officially supports Bitcoin’s strategic reserve

VanEck’s head of digital asset research, Matthew Sigel, officially announced that the asset management firm advocates the concept of Bitcoin’s strategic reserve. Donald Trump’s plan to make Bitcoin the most valuable asset in the nation is gaining support from the…

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‘Evil’ And ‘Sociopathic Ambition’: Gary Gensler Blamed For Torching Crypto And Jobs

Gemini’s Tyler Winklevoss joins the growing chorus of crypto personalities calling out Chairman Gary Gensler of the Securities and Exchange Commission (SEC). Related Reading: Bitcoin At $120K? Trading Firm Links Trump’s Reserve Plan To Bold Prediction In a Twitter/X post, the Gemini co-founder lashed out at the agency’s chief, calling him “evil.” In the same […]

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FTX bankruptcy faces new hurdles as SEC flags repayment concerns

The US Securities and Exchange Commission (SEC) has issued a filing expressing concerns over the proposed repayment strategy in the ongoing FTX bankruptcy case. The plan, which includes repaying creditors through stablecoins or other digital assets, has prompted the SEC to reserve the right to challenge these transactions under federal securities laws.

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Donald Trump unveils plan to make USA the ‘crypto capital of the planet’

Donald Trump aims to make the US the “crypto capital of the planet” if elected. His sons’ World Liberty Financial may involve real-world assets and tokenization. Trump has promised a Bitcoin reserve and to replace SEC chair Gary Gensler.

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Marathon Digital's $250M Bitcoin bet: Here's everything to know!

Marathon Digital announces an ambitious plan to further Bitcoin investment. Bitcoin supply reserve in all exchanges hits the lowest level since 2018. Marathon Digital, a leading Bitcoin [BTCThe post Marathon Digital's $250M Bitcoin bet: Here's everything to know! appeared first on AMBCrypto.

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Metaplanet Arranges Loan to Buy $6.8M of BTC

The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.

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Making Bitcoin a Strategic Reserve Asset Contradicts 'Freedom From Government' Narrative, Says WSJ

Donald Trump’s plan to make bitcoin a so-called strategic reserve asset doesn’t make much sense, the editorial board of the Wall Street Journal wrote in an op-ed Tuesday.

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Hong Kong legislator Johnny Ng advocates for Bitcoin, web3 development

Hong Kong politician Johnny Ng expressed interest in the concept of a national Bitcoin reserve, following Trump’s Bitcoin 2024 keynote speech — which included a plan for a U.S. Bitcoin reserve. In a post on X today, July 28, Ng,…

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Senator Cynthia Lummis Proposes Strategic Bitcoin Reserve to Bolster U.S. Economy

Dubbed the “strategic Bitcoin reserve” bill, Lummis's plan suggests that the U.S. government should purchase 5% of the world's Bitcoin supply and retain it for a minimum of twenty years.

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US Senator Lummis unveils Bitcoin reserve legislation following Trump’s keynote

At Bitcoin 2024, Senator Cynthia Lummis proposed a more detailed plan for a strategic Bitcoin reserve to bolster the U.S. dollar and cement America’s global financial leadership. After days of anticipation, United States Senator Cynthia Lummis finally announced her proposed…

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Trump’s Bitcoin 2024 keynote includes plan for US Bitcoin reserve

Donald Trump, the Republican presidential nominee, spoke at the Bitcoin 2024 conference in Nasvhille, praising the crypto industry and announcing his plan for a national Bitcoin reserve. Trump goes all-in on crypto At the just-concluded Bitcoin 2024 conference in Nashville…

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Bitcoin mining 'Made in the USA'? This is Donald Trump's plan

Donald Trump wants all the remaining Bitcoin to be “made in the USA.” Bitcoin's Miner Reserve sat at its lowest since February 2010. In a post on the social media platform Truth Social oThe post Bitcoin mining 'Made in the USA'? This is Donald Trump's plan appeared first on AMBCrypto.

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Bitcoin: Read this before you plan to HODL or sell for profits

Bitcoin futures open interest is at its highest level ever. The coin’s exchange reserve has declined to its lowest in six years. Bitcoin’s [BTC] futures open interest on centralized exchThe post Bitcoin: Read this before you plan to HODL or sell for profits appeared first on AMBCrypto.

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Tether plans real-time reserve data reports by 2024: Report

Tether's incoming CEO revealed the company is working on a plan to publish reserve data in real-time by 2024 The precise timeline for its implementation remains to be seen Tether Holdings, tThe post Tether plans real-time reserve data reports by 2024: Report appeared first on AMBCrypto.

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Silvergate to submit shutdown plan in coming days after Federal Reserve order

The Federal Reserve Board said June 1 that it issued a consent order to the crypto-friendly bank Silvergate, instructing it to wind down operations. Must protect depositors Silvergate Capital Corporation and Silvergate Bank must submit a shutdown plan to supervising agencies within ten days of the June 1 order.

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What Bitcoin Needs To Regain Its Higher Marks, Analyst Explains

The crypto market crash started from the Feds and its fight against inflation. The announcement to increase interest rates caused a panic that created doubts in the minds of crypto investors. As the Federal Reserve implemented the plan, the overall financial markets, including crypto, plunged.

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Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says

Companies that issue stablecoins would have to face bank-like regulations and back their tokens with conservative assets in the latest plan for U.S. legislation still being negotiated by leaders of the House Financial Services Committee, according to a source familiar with the talks.

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‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining.

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Terra’s $10 Billion Plan For UST’s Bitcoin Reserve

Following Do Kwon’s latest tweets, and Terra’s recent Bitcoin buys, it is evident that he aims to...

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Just as Hal Finney Predicted, Bitcoin Is Being Purchased to Act as a Reserve Currency

With a plan to buy up $10 billion of bitcoin, Do Kwon’s UST stablecoin project may be fulfilling a prophecy by the late recipient of the first BTC transaction.

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The Federal Reserve Minutes Indicate That The Hammer Could Fall Harshly On Crypto Markets

Fed minutes are indicative of a plan to aggressively raise rates. Fed officials during the meeting also expressed concern over cryptocurrencies and stablecoins.   Analysts are unsure of how this development may impact the cryptocurrency markets.

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Australian Reserve Bank’s ‘Project Atom’ CBDC research finds numerous benefits

Following Treasurer Josh Frydenberg’s “payments and crypto reform plan,” the RBA has published a report exploring DLT tech and wholesale CBDC issuance.

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India’s Central Bank RBI Unveils Plan to Launch Digital Currency in Phases

The deputy governor of the Reserve Bank of India (RBI) has revealed that the central bank is planning to launch a state-backed digital currency in phases so that it would have “little or no disruption to India’s banking or monetary systems.

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India's CBDC plan: Here's the how, when and why

India has had an interesting few months on the crypto front. Look at WazirX's journey - the largest Indian crypto exchange went live just three weeks before the Reserve Bank of India issued its ban onThe post India's CBDC plan: Here's the how, when and why appeared first on AMBCrypto.

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Bitcoin retests $37K support, gold and stocks drop lower over Fed comments

Steady BTC inflows to crypto exchanges and fallout from the Federal Reserve’s plan to hike interest rates dropped Bitcoin price to the $37,000 support.

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Federal Reserve Is Moving Forward with its Digital Dollar Plan; Starting with Publishing a Paper on CBDC

Talking about stablecoins' potential to enhance the payments system, Chairman Jerome Powell said they also “carry potential risks” to its users and the broader financial system. The post Federal Reserve Is Moving Forward with its Digital Dollar Plan; Starting with Publishing a Paper on CBDC first appeared on BitcoinExchangeGuide.

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India’s Central Bank RBI Urges Banks to Cut Ties With Crypto Businesses and Traders: Report

India’s central bank, the Reserve Bank of India (RBI), has reportedly informally asked banks to cut ties with cryptocurrency exchanges and traders. Some banks in India have limited their exposure to the crypto market and some plan to stop all crypto-related transactions.

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The Fed Plans to Unveil Digital Dollar Prototypes in July

The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July.

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STASIS reveals a plan to improve EURS stablecoin transparency

Stablecoin platform STASIS came up with the idea of how to increase the transparency of the EURS stablecoin, its flagship product. According to recent information, the platform plans to use Chainlink’s (LINK) Proof of Reserve to achieve its goal.

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First Mover: Biden’s $1.9T Plan Shows ‘Blue Wave’ Bitcoiners Saw Coming

The Federal Reserve might need to print money to help finance Biden's coronavirus relief proposal, to keep Treasury bond interest rates from climbing.

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Ethereum Blockchain Chosen by Reserve Bank of Australia for Issuing CBDC

The Reserve Bank of Australia (RBA) has unveiled its plan to launch a wholesale CBDC on the Ethereum blockchain

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This Historically Accurate Fractal Suggests Bitcoin Will Soon Hit $15,500

Bitcoin is currently seeing a strong upswing that has led it past multiple heavy resistance levels This move comes just days after tech giant Square announced their plan to hold $50 million worth of Bitcoin as a reserve asset This is the second public company to turn towards BTC to protect their capital, with this bourgeoning trend sparking excitement amongst investors There is one fractal pattern that indicates further upside could be imminent in the […]

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Tyler Winklevoss Believes Federal Reserve Is ‘Biggest Booster’ for BTC

Coinspeaker Tyler Winklevoss Believes Federal Reserve Is ‘Biggest Booster’ for BTCWhile Tyler Winklevoss has highlighted the positive tilt of Powell’s policy turnaround as favorable to Bitcoin (BTC), analysts believe the plan to shore up inflation may be good for the economy now.

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Bitcoin Retargets $10,000 on Fed’s Corporate Bond-Buying Program

Bitcoin pared its Monday losses after logging a surprising intraday trend reversal. The cryptocurrency rebounded by as much as 7. 82 percent from its session low near $8,895. It is now back to targetting $10,000 as the Federal Reserve announced it would extend its corporate bond-buying plan.

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Indian Government Reconsiders Banning Cryptocurrency: Report

The Indian government is reportedly reconsidering a plan to ban cryptocurrency and the finance ministry has initiated related inter-ministerial consultations. The move is supposedly spurred by the supreme court quashing the banking ban imposed by the central bank, the Reserve Bank of India (RBI).

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Federal Reserve Digital Dollars, Think Tank Releases Plan for Roll Out

A think tank released its plan on how the U.S. government should roll out a digital dollar. The digital dollar wouldn’t replace cash but instead act as a “third form... The post Federal Reserve Digital Dollars, Think Tank Releases Plan for Roll Out appeared first on Crypto Briefing.

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Bitcoin Marches on $7K as Traditional Markets Cheer Fed’s QE ‘Bazooka’

Bitcoin looks on track to test $7,000 soon, as the stock markets are rising with the Federal Reserve's open-ended easing plan.

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Bitcoin: Would a halt in stock market trading be bullish for crypto?

The U.S Federal Reserve today announced its new unlimited bond-buying plan to help the COVID-19-struck market. The reserve is thus expanding its facilities to include corporate and municipal debt to hThe post Bitcoin: Would a halt in stock market trading be bullish for crypto? appeared first on AMBCrypto.

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Bitcoin (BTC) Bulls Say It's Time for 'Plan B' as Fed Ramps Up Repo Operations

Anthony Pompliano claims that the Federal Reserve doesn't plan to stop after announcing $1 trln repo operations that will be conducted every day till the end of March

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It’s Time for Plan

Central banks around the world are cutting down rates and announcing their quantitative easing programs to fight the impact of the global coronavirus (Covid-19) pandemic. The US Federal Reserve has been injecting billions of dollars in market liquidity for quite some time now and recently it cut down its rates to zero percent and restarted […]

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Former Fed Nominee Stephen Moore Backs Fractional Reserve Stablecoin

Stephen Moore, whose failed bid to join the Fed imploded within months, has a new plan to disrupt global finance: a fractional reserved-backed stablecoin.

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The Fed Plans to Inject $60 Billion per Month Into the Economy

On October 11, the U. S. Federal Reserve explained that it would inject more easing into the economy by purchasing Treasury bills at an initial $60 billion per month for the next two months. The purchasing rate could decrease or increase, but the central bank expects the easing plan to last until at least Q2 2020.

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Libra exec promises Facebook’s plan isn’t to replace existing currencies

The Libra Association really wants us to know that Facebook cryptocurrency is not being created to replace existing currencies. Manager Director Bertrand Perez, speaking at a blockchain conference hosted at the United Nation headquarters in Geneva today, said: “We are not in the area of implementing any monetary policy with the (Libra) Reserve.

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Economic Times Implores On Indian Authorities To Embrace Cryptocurrencies, Not Block Bitcoin

Although there are plans to release a digital rupee, there is reportedly a plan to ban cryptos altogether in India. For several years, India’s politicians and elites have been the impediments to a thriving crypto industry in the country.

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Economist Stephen Moore joins project touted to be ‘world’s first decentralized crypto central bank’

Stephen Moore, former member of the Wall Street Journal editorial board and popular economist, recently attempted to join the Federal Reserve. Alas, he was denied the opportunity. Now, the economist is back in the news again.

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