2024-5-29 17:55 |
Another publicly traded company adopts BTC as its primary treasury reserve asset. origin »
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In a bold move that has sent its stock price soaring, medical device company Semler Scientific Inc. has announced that it has allocated a significant portion of its cash reserves to Bitcoin (BTC). According to Bloomberg, the San Jose, California-based firm purchased 581 Bitcoin for a total of $40 million, including fees and expenses. Semler […]
2024-5-29 05:00 | |
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Semler Scientific adopts Bitcoin as its primary treasury reserve, purchasing 581 bitcoins for $40 million, signaling trust in its investment value. The post Semler Scientific acquires $40 million in Bitcoin, stocks surge 32% appeared first on Crypto Briefing.
2024-5-29 19:01 | |
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Meat company Beck & Bulow adopts Bitcoin for payments, employee 401Ks, and treasury reserves.
2024-4-26 20:09 | |
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U.S. companies could soon start using Bitcoin as a “legitimate treasury reserve asset”, says Michael Saylor. He’s the Executive Chairman of MicroStrategy Inc. Bitcoin adoption to improve moving forward Bitcoin has been breaking to the upside in recent weeks on the back of optimism that the Securities & Exchange Commission will soon approve a Spot […]
2023-12-22 17:35 | |
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The company anticipates dispatching a circular to shareholders by November 30, detailing the proposed acquisition.
2023-11-14 18:27 | |
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Following US Federal Reserve chair Jerome Powell’s recent comments that led to higher treasury yields, Bitcoin price and other cryptocurrencies experienced modest gains on Friday. However, a legal action by the state of New York against Digital Currency Group, Genesis Global Capital, and the Gemini crypto exchange, alleging fraud exceeding $1 billion, created some uncertainty. […]
2023-10-20 09:31 | |
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Quick Take Bitcoin’s recent surge after Grayscale’s recent win in its lawsuit against the SEC was accompanied by a boost in global liquidity. This measure, encompassing the Federal Reserve balance sheet (less the reverse repo and treasury general account), along with fed remittances and the balance sheets of ECB, BOJ, PBoC, and BOE, plays a […] The post Redefining market metrics: Bitcoin and S&P 500 part ways with global liquidity appeared first on CryptoSlate.
2023-9-1 22:00 | |
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Tether, the issuer of the world’s largest stablecoin, USDT, is breaking all records in 2023. In its Q1 assurance report, Tether gained an all-time high reserve surplus of $2. 44 billion, and a net profit of $1.
2023-8-13 17:00 | |
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Digital assets platform Matrixdock has successfully integrated the Chainlink Proof of Reserve on Ethereum (ETH) mainnet to bolster the transparency of its Tokenized Treasury Bill offering. The Matrixport-owned platform allows access to real-world assets via tokenization.
2023-7-26 11:11 | |
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The newly launched FedNow Service aims to empower banks and credit unions. FedNow will allow for the execution of transactions 24/7 365 days a year. 35 banks and credit unions, including the U Bureau of the Fiscal Service of the US Department of the Treasury, are already equipped to handle payments through the FedNow Service.
2023-7-20 20:35 | |
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Quick Take Understanding global liquidity is crucial in financial analysis, as it provides insights into the available financial resources for investment. It comprises several components, including: Federal Reserve (Fed) Balance Sheet Reverse Repurchase Agreements (Reverse Repo) Treasury General Account (TGA) Fed Remittances Balance sheets of major central banks: Bank of Japan (BOJ), European Central Bank […] The post Global liquidity tightens amid central banks’ balance sheet contraction: impact on S&P 500 and bitcoin appeared first on CryptoSlate.
2023-7-4 13:01 | |
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Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call.
2023-6-22 21:12 | |
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The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
2023-6-22 18:39 | |
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US Treasury official, Graham Steele, emphasizes the advantages of a retail CBDC backed by the Federal Reserve, providing safety during bank runs and stabilizing private sector lending. Striking The Anonymity Balance During a recent Texas payments conference, Graham Steele highlighted the significance of anonymity when contemplating the development of a future Central Bank Digital Currency […]
2023-6-15 00:21 | |
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Circle’s reserve fund has ditched Treasury bills that mature beyond May 31, rotating assets to cash and overnight repurchase agreements instead, a company spokesperson said.
2023-5-18 22:52 | |
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Coinspeaker US Treasury Yield Spikes as Investors Fear Recurring Banking Crisis Amid the broader banking crisis, investors are still concerned about the next move of the government in terms of Federal Reserve policy.
2023-5-5 15:23 | |
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Uncover the surprising connection between the Treasury General Account (TGA) at the Federal Reserve and the cryptocurrency market in this exclusive Alpha content. As the TGA's sustainability comes into question, investors are signaling concern through the spread between the 1-month and 3-month treasury bills.
2023-4-24 12:15 | |
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Australia's central bank and Treasury have held meetings with international crypto industry executives on the future of digital assets and regulation in the nation.
2023-3-16 13:11 | |
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A March 12, 2023, joint statement by the Department of the Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) advised that depositors for both the Signature Bank, New York and Silicon Valley Bank, Santa Clara, California, will have access to their money effective March 13, 2023. On March 13, 2023, the Bank of […]
2023-3-14 01:58 | |
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A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government.
2023-3-13 04:59 | |
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According to Circle’s most recent reserve report, around 65% of all USD Coin (USDC) reserves are held as US treasury bills. The post Nearly 65% of USDC reserves are held as US Treasury Bills appeared first on CryptoSlate.
2023-1-9 05:30 | |
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Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise.
2022-10-11 18:44 | |
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Insider information on Tether’s reserve revealed that as of September 30, the shadlecoin issuer had increased its United States Treasury bills to 58. 1% of its reserves while reducing its commercial paper exposure to below $50 million.
2022-10-4 17:02 | |
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During the crypto bull run last year, Bitcoin hit the $50,000 mark for the first time and exceeded many expectations. As a result, several investors purchased bitcoin at that time. The Hong Kong Tech giant Meitu was one of the companies that acquired bitcoin as a treasury reserve.
2022-9-6 22:52 | |
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Meitu was one among many public companies that purchased Bitcoin to hold as a treasury reserve during the peak of the bull run last year and now joins the list of companies that have suffered heavily due to the bear market.
2022-9-1 14:13 | |
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Pluto Protocol has launched its reserve currency on the Waves blockchain. The currency is said to resist market conditions such as the bear market. The token PLUTO was recently launched, supported by a treasury and a market-making algorithm meant to create a predictable range for the token’s price.
2022-7-25 19:44 | |
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As per the official report published on May 18, Tether, the issuer of the world’s most used stablecoin, USDT, has cut 17% of its commercial paper holdings and increased United States Treasury bills with this reserve amount to back its stablecoin, USDT.
2022-5-21 17:00 | |
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The U.S. government again named stablecoins as a potential threat to the stability of the financial system, with both the Federal Reserve and a senior Treasury official saying Monday that the tokens are vulnerable to runs.
2022-5-10 00:51 | |
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Janet Yellen, the US Secretary of State, has expressed her criticism once more about the cryptocurrency sector. Yellen, and the Federal Reserve Chair, Jerome Powell, have remained skeptical of the crypto industry despite the high rate at which cryptocurrencies are being adopted in the US.
2022-3-26 16:33 | |
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Known as a decentralized reserve currency protocol, Nemesis DAO was built on the Binance Smart Chain with its native token, $NMS, backed by a receptacle of assets in the treasury, giving it an inherenThe post Offering a fair offering an equal and fair opportunity with Nemesis DAO appeared first on AMBCrypto.
2022-2-9 10:45 | |
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MicroStrategy, the first publicly-traded company to adopt Bitcoin as its "Primary Treasury Reserve Asset," has continued with its Bitcoin buying spree. Just recently, MicroStrategy (MSTR) CEO MichaThe post Is MicroStrategy's Bitcoin spree simply about 'buying the dip' appeared first on AMBCrypto.
2021-9-14 21:00 | |
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The bill also calls for the Federal Reserve to be vested with the clear authority to issue a digital dollar.
2021-7-30 13:29 | |
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Written by a Professor of Finance from Yale School of Management and an attorney at the Federal Reserve System, wants regulators to take a lesson from history, the Free Banking Era because the central bank must have a “monopoly on money issuance.
2021-7-20 16:07 | |
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After pumping extreme amounts of liquidity into markets, the U.S. Federal Reserve seems to be tapering back monetary easing policy via reverse repos (RRP). Following this week’s published minutes report from the Fed’s April monetary policy meeting, it seemed as though members of the central bank were prepared to discuss rolling back large-scale Treasury and […]
2021-5-23 23:00 | |
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Joint Task Force On Crypto According to the Treasury Secretary Janet Yellen appointee, a combination of the OCC, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) may soon end cryptocurrencies' regulatory uncertainty.
2021-5-20 19:10 | |
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The firm added Bitcoin was "definitely on the table" as consideration for a treasury reserve asset.
2021-5-11 18:01 | |
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Congressman Kevin McCarthy has urged Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell not to ignore bitcoin like they have been trying to do. He believes it is the future, emphasizing, “I do not want America to fall behind” other countries.
2021-4-19 00:15 | |
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The U.S. government is reportedly concerned that China’s digital yuan could threaten the U.S. dollar’s status as the world’s dominant reserve currency. Officials at the Treasury, State Department, Pentagon, and National Security Council are increasing their efforts to understand the implications of China’s central bank digital currency. Digital Yuan Could Be a Threat to US […]
2021-4-14 19:15 | |
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MicroStrategy and its head honcho Michael Saylor have become synonymous with Bitcoin, responsible for kicking off the corporate treasury reserve trend that’s transpired ever since. As a result of the innovative, albeit risky move, company shares skyrocketed to revisit dot com-bubble resistance levels.
2021-3-26 04:00 | |
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A cryptocurrency analyst has advised leading fintech companies to consider stashing a small portion of their asset reserve in Bitcoin, to avoid the potential losses that could be sustained as a result of the brewing inflation that the United States economy could face as the USD continues to weaken.
2021-3-24 15:47 | |
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The U.S. Federal Reserve is in a predicament as fiscal deficits erode the American economy and the nation is seeing a spike in benchmark 10-year Treasury yields. Meanwhile, Federal Reserve Chairman Jerome Powell expressed zero worries about inflation during an interview at a Wall Street Journal Jobs Summit on Thursday. Powell didn’t explain when the […]
2021-3-6 17:39 | |
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The Federal Reserve is also “committed” to solving the tech problems. Treasury Secretary, unlike her predecessor, also says it “makes sense for central banks to be looking at.” The post Fed Is Investing ‘Time and Labor’ As A Digital Dollar is ‘High Priority’ says Chairman Powell first appeared on BitcoinExchangeGuide.
2021-2-25 20:20 | |
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Is the world’s biggest company by market cap looking to add the world’s biggest cryptocurrency to its treasury reserve? One bank seems to say so. The post Canadian bank says Apple could be next to buy Bitcoin, build crypto exchange appeared first on CryptoSlate.
2021-2-9 16:23 | |
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Tens of thousands of Bitcoin (BTC) are not enough for MicroStrategy, looking for “various approaches” to add more Bitcoin as a Treasury reserve asset. Speaking in a virtual conference on the company’s quarterly filings, MicroStrategy CEO Michael Saylor said the company would stockpile its Bitcoin stash using its excess cash as “part of their corporate […] The post MicroStrategy is Planning on ‘More Creative Ways’ To Purchase Bitcoin first appeared on BitcoinExchangeGuide.
2021-1-29 17:17 | |
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The Federal Reserve might need to print money to help finance Biden's coronavirus relief proposal, to keep Treasury bond interest rates from climbing.
2021-1-15 17:35 | |
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Pomp and Mayor Suarez had a brief discussion on Twitter about utilizing bitcoin as part of its treasury reserve, something the mayor said he was definitely open to. Perhaps an in-person meeting signifies an even higher level of interest? The Meeting In a recent tweet, Mincu explains in detail what was discussed.
2021-1-11 16:49 | |
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The President’s Working Group on Financial Markets (PWG) has released a statement regarding the regulation of stablecoins. The group, which comprises representatives from the Treasury, the Federal Reserve, the SEC, and the CFTC, published the statement on December 23, focusing on US-issued stablecoins.
2020-12-24 17:28 | |
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MicroStrategy's CEO Michael Saylor took to Twitter to announce that the firm has purchased an additional ~29,646 Bitcoins for about $650 million “in cash in accordance with its Treasury Reserve PoliThe post After advising Elon Musk on BTC strategy, MicroStrategy CEO reveals firm’s purchase of 29,646 Bitcoin appeared first on AMBCrypto.
2020-12-21 19:00 | |
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With currency debasement on the agenda across many countries and the precious metals market tanking, several high-profile organizations are now holding Bitcoin as a treasury reserve asset. Ruffer Reduces Gold Exposure With a $675 Million Bitcoin Bet Ruffer announced the news via a letter to investors published on Dec.
2020-12-16 22:50 | |
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Key takeaway Dogizen is the first Telegram ICO, raising nearly $4m in its presale so far. The project is a direct competition to Catizen, the popular cat-themed game on Telegram. What is Dogizen? Dogizen is an exciting project that prides itself as the first Telegram ICO.
Coinbase expands its advisory council with Trumps 2024 strategist and former NY Fed president, strengthening its regulatory strategy. The post Coinbase taps Trump’s 2024 strategist and former NY Fed president for its advisory council appeared first on Crypto Briefing.
Trump Media launches Truth.Fi, planning a $250M investment in fintech, ETFs, and Bitcoin as it expands into financial services. The post Trump Media launches new fintech platform Truth.Fi, allocating $250M to Bitcoin and ETFs appeared first on Crypto Briefing.
a16z refocuses on US crypto opportunities post-Trump's re-election, scaling back UK operations amid pro-crypto executive orders. The post a16z cuts UK crypto plans as it shifts focus to Trump-era US opportunities appeared first on Crypto Briefing.
MEXC, the world’s leading cryptocurrency trading platform, announced the launch of the Jambo (J), an innovative on-chain mobile network project. The launch will be accompanied by Airdrop+ rewards of 28,000 J, 5,000 MX and 50,000 USDT.
Coinbase reintroduces Bitcoin-backed loans via Morpho integration, allowing USDC borrowing without selling Bitcoin. The post Coinbase brings back Bitcoin-backed loans with Morpho’s DeFi integration appeared first on Crypto Briefing.
eToro's IPO could enhance its market presence and investor reach, potentially influencing the broader fintech and crypto sectors' growth. The post eToro confidentially files for US IPO with Goldman Sachs’ support appeared first on Crypto Briefing.