Why Brazil is using Bitcoin as a treasury asset and what other nations can learn

Brazil isn’t buying Bitcoin for sovereign reserves. Instead, cities, corporates and B3 products are creating a regulated path to treasury use.

174 +

Aifinyo AG Becomes Germany’s First Bitcoin Treasury Firm with $3.5M Pure-play Investment

Aifinyo AG has converted its balance sheet to Bitcoin, becoming Germany's first company with a pure-play BTC treasury strategy modeled after Strategy. The post Aifinyo AG Becomes Germany’s First Bitcoin Treasury Firm with $3.

266 +

OranjeBTC Lists in Brazil, Becomes LATAM’s Top Bitcoin Treasury

OranjeBTC’s debut on Brazil’s B3 exchange marks Latin America’s biggest Bitcoin treasury listing, backed by global investors and a transparency partnership with BitcoinTreasuries. net, reflecting the region’s rising curiosity and adoption of digital assets.

531 +

DDC Enterprise ramps up Bitcoin treasury strategy with $124m raise

DDC Enterprise Limited, a global Asian food company, has its eyes on becoming a top corporate Bitcoin treasury company as it secures $124 million in an equity financing round. The funding comes as major BTC treasury asset proponents double down on the digital asset amid record inflows into investment products. Bitcoin price has gained amid […]

90 +

Fragbite Group stock shoots up 64% following plans to establish a Bitcoin treasury

Swedish gaming and web3 company Fragbite Group vows to establish a Bitcoin treasury to ‘future-proof’ its balance sheet. The firm has also appointed a dedicated director to oversee its Treasury operations.

285 +

Brazil fintech unicorn Meliuz adopts Bitcoin treasury strategy

Brazilian fintech unicorn Meliuz has reportedly purchased Bitcoin worth millions of dollars as part of its new treasury strategy to maximize long-term shareholder value.

101 +

Bitcoin's Latest Rally Is Different as BTC Rises Alongside U.S. Dollar and Treasury Yields

Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.

140 +

Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?

Two investment moguls are betting on different directions for inflation and Treasury yields, with potentially negative impacts on Bitcoin.

1472 +

U.S Treasury Sanctions Russian Bitcoin Miners

The Treasury department announced sanctions against companies and individuals who enable fiat payments or infrastructure for bitcoin mining in Russia.

252 +

Top Four Accounting Firm Buys Bitcoin and ETH For Treasury Reserves

289 +

Canada’s KPMG Adds Bitcoin To Its Treasury

The Canadian member of KPMG’s global organization of independent firms bought bitcoin through Gemini for its corporate treasury.

365 +

Is Argentina Going Bitcoin?

Argentina’s Amazon, MercadoLibre, has quietly announced in a SEC filing they bought nearly $8 million worth of bitcoin as part of their treasury reserves strategy. “As part of our treasury...

243 +

Why bitcoin and crypto regulation is not a priority for US Treasury Secy

As the crypto-community on Twitter was sinking into the unverified headline that stated the US Treasury Department was set to crack down on a number of unknown banks for their activities related to thThe post Why bitcoin and crypto regulation is not a priority for US Treasury Secy appeared first on AMBCrypto.

510 +

London Stock Exchange-Listed Company Allocates 10% Of Its Cash Reserves To Bitcoin As Its Primary Treasury Reserve Asset

A growing number of institutional investors and traditional companies are holding the flagship cryptocurrency as a treasury reserve asset amid an economic downturn due to the pandemic. The latest company to jump on the bitcoin bandwagon is a fintech firm listed on the London Stock Exchange, Mode Global Holdings. However, Mode has not revealed the […]

281 +

US Treasury Sec: We Don’t Want Bitcoin Becoming a “Swiss-Numbered Bank Account”

Now that the U. S. Congress and Senate have finished their hearings with Facebook, U. S. Treasury Secretary Steven Mnuchin has set his regulatory sights on Bitcoin. Increased Regulation on the Table Again It appears that the aftermath of the US Congress and Senate Banking Committee’ hearings on Facebook’s Libra coin could present a new set of regulatory problems for cryptocurrency as a whole.

386 +

Bitcoin Dominance Taps 70% in Recovery Rally, Are Altcoins Dead?

Bitcoin has made a bit of a recovery today in the wake of comments by US Treasury Secretary Steve Mnuchin. The 8 percent pump has left altcoins in the digital dust again as BTC market share knocks on the door of 70 percent.

359 +

Analyst: Bitcoin Ban Extremely Unlikely Post-U.S. Treasury’s Comment

U. S. Treasury Secretary: Bitcoin, Crypto Are “National Security Issues” On Monday, the U. S. Treasury Secretary made it clear that he is aware of Bitcoin, cryptocurrencies, and Libra, especially in regards to what issues they pose.

314 +

US regulation against Bitcoin could be the catalyst for the next upswing

In a recent briefing held by the U. S. Secretary of the Treasury Steven Mnuchin, the U. S. government revealed its stance on cryptocurrencies and the efforts it will carry upon to regulate Bitcoin because of its use in criminal activity and the threat it poses to the financial system.

342 +

Bitcoin Rise Shows Market is Comfortable with the U.S Stance on Crypto: Tom Lee

Bitcoin has started to rise once again following a massive dip that threatened to drag price below $9,000. The rise seems to coincide with a statement made by the U. S Treasury Secretary Steven Mnuchin that cryptocurrency especially Libra could be taken advantage of by criminals for illicit activities.

383 +

“A National Security Issue”, US Secretary of Treasury Speaks On Libra and Bitcoin

Just days ago President Donald Trump called Bitcoin and other cryptocurrencies “not money” when he Tweeted about the subject for the first time. Now his Secretary of Treasury, Steve Mnuchin has offered a warning about the industry.

338 +

US Treasury Secretary Mnuchin Attacks Bitcoin, Libra

US Treasury Secretary Steven Mnuchin touched upon Bitcoin and Facebook’s Libra cryptocurrency in a Monday press conference, voicing concerns about the misuse of cryptos for money laundering and terrorist financing.

282 +

Industry Reacts as US Treasury Secretary Deems Crypto a “National Security Issue”

Following US President Donald Trump’s scathing remarks about Bitcoin and cryptocurrencies in general, the U. S. Treasury Secretary – Steven Mnuchin – is now placing crypto on the center stage of the US’ regulatory policy.

312 +

US Treasury Secretary: Bitcoin a “national security issue,” cryptocurrency dominated by illicit activity and speculation

Following President Trump’s derisive tweet about Bitcoin, U. S. Secretary of the Treasury Steven Mnuchin held a briefing on regulating Bitcoin and Facebook’s Libra because of their use in criminal activity and the threat they pose to the financial system.

328 +

US Treasury Increases Regulatory Pressure on Crypto, Warns of Its Unlawful Uses

Friday night, United States President Donald Trump tweeted about Facebook Libra, Bitcoin, and crypto as a whole, expressing his distaste in the emerging asset class and commenting on their “unlawful” uses.

318 +

US Treasury Secretary Mnuchin Is ‘Not Comfortable’ With Facebook’s Libra

In a press conference Monday, Mnuchin voiced the Trump administration's concerns with Facebook's Libra and cryptocurrencies like bitcoin.

311 +

Diamonds and the Treasury Debt Ceiling: Why Nothing Has ‘Intrinsic Value’ in Economics

The U. S. Treasury Department has just issued an urgent letter requesting a lift on the debt ceiling, warning Congress of imminent financial collision in September as federal cash is running out.

291 +

Tether Treasury lands in troubled waters as it accidentally prints 5 billion USDT followed by a subsequent burn

At 5. 34 PM UTC, Tether Treasury minted a massive amount of Tether, and the news spread like wildfire. Tether which was already speculated to carry out suspicious transactions was questioned for printing 5 billion USDT, an amount large enough to shake things for Bitcoin.

407 +

Bitfinex-Tether CTO claims user demand drives USDT distribution as questions raised against Tether swap

The Bitcoin community was relishing in the coin’s performance recently. However, other crypto-enthusiasts appeared skeptical of the king coin’s growth. The suspicion of Tether and Bitfinex’s involvement  in the said surge constantly did the rounds, and with Tether Treasury printing USDT in the name of swaps, this suspicion was strengthened in the community.

359 +

Tether mints 100 million USDT, Bitcoin surges by 1.42% in the subsequent hour, coincidence?

The cryptocurrency market had been speculating that something suspicious has been going on within Bitfinex and Tether ecosystem, as Tether Treasury continuously prints Tether [USDT]. On July 4, Whale Alert alerted the community of Tether Treasury yet again minting 100,000,000 USDT.

331 +

Tether Treasury Mints More USDT: Could This Be a Sure-Fire Sign of Bitcoin’s Brewing Recovery?

July 1st was a nightmare for the crypto market. Bitcoin was the flag bearer leading the other altcoins to a massive downtrend. Bitcoin bled hard as its price plunged to $9,863 which is a 30% dip from 2019’s ATH.

330 +

Anthony Pompliano on Bitcoin’s future, Binance’s CZ on restricting U.S users and more

Crypto News – 02 July – Anthony Pompliano on Bitcoin’s future, Binance’s CZ on restricting U. S users and more Don’t forget to follow us for our daily videos#Binance #bitcoin #BitcoinIsBack #Crypto #cryptocurrency #cryptocurrencynews #CryptocurrencyExchange pic.

315 +

Did Tether Treasury’s action of minting more USDT stall Bitcoin’s pullback?

The world’s oldest stablecoin, Tether, has time and again exhibited suspected market manipulation patterns. One of the most debated subjects in the cryptocurrency ecosystem is whether Tether is pivotal to Bitcoin’s surge and overall movement.

301 +

Bitcoin surges by 3.86% in an hour, while Bitfinex and Tether Treasury exchange $10 million in USDT

The king coin roars again as it surges by a massive 4. 95% over the past 90 minutes. The coin’s price shot up from $11,503 to $12,073. 19 in a matter of hours. At press time, BTC was valued at $11,967.

324 +

SEC Requests Public Comments for Bitcoin and U.S T-Bills-backed ETF

Following the postponement of the decision on the VanEck and Bitwise Bitcoin ETF proposals, the SEC has announced that it is accepting public comments for rule changes to list a proposed exchange-traded fund (ETF) backed by bitcoin and Treasury bills.

339 +

JP Morgan‘s Cryptocurrency to Begin Customer Testing This Year

An interview with JPMorgan’s head of digital treasury services and blockchain Umar Farooq has revealed that the financial giant is getting ready to test out their JPM Coin with clients, as per a report from Bloomberg Japan, June 25, 2019.

367 +

Bitcoin’s price surge could be due to institutions accumulation, but users speculate something shady

Bitcoin’s price jumped from $10k to $11k within a few hours and the entire market has been preparing for the coin to hit $20k next. However, the activities behind the pump of the king coin have raised concerns for investors and the crypto community.

352 +

Comparing Bitcoin To US 10-year Treasury Shows Its Use Case As Hedging Asset

Bitcoin has been making its case an uncorrelated, safe-haven asset. Bitcoin’s store-of-value characteristics that are similar to real assets like gold, as well as hard-money attributes like immutable scarcity.

333 +

Tether Treasury prints 100 million USDT; large inflows of stablecoins into exchanges follow suit

Bitcoin [BTC] breached its $10k and $11k resistances today, which the community celebrated with a hint of nostalgia. However, the Tether Treasury also minted 100 million USDT, as it has for the past few weeks, and it does not appear a normal precautionary act.

364 +

Bitcoin Correlation With US 10-Year Treasury Suggests Hedging Use

Bitcoin closely tracks inverted US 10-year Treasury (UST10Y) performance, new data reveals, leading to fresh suggestions of its use as a hedging asset. Bitcoin The Bond Hedge A chart published on social media by Stock Board Asset founder and CEO, Alastair Williamson, delivers a curious new trend for Bitcoin price .

312 +

Wilshire Phoenix’s Bitcoin Trust Product Checks all the Regulatory Boxes

In an interview with BTCManager, the CEO of the New York-based investment firm Wilshire Phoenix Funds LLC. said that their United States Bitcoin and Treasury Investment Trust product is one of the most promising yet.

373 +

CipherTrace Offers Easy AML To Bitcoin ATMs

If you’re selling Bitcoin, the U. S. Treasury would like a word from you. New guidelines from the Financial Crimes Enforcement Network (FinCEN) have labelled all Bitcoin ATMs as money transmitters, meaning that if you want to buy crypto from a machine, you’ll need to show some ID.

441 +

Tether [USDT] Whale Alert: 20 million USDT moved from Bitfinex to Tether Treasury as Bitcoin pumps

The infamous Bitfinex-Tether saga is far from cooling down after the oldest stablecoin, USDT, recorded a series of unusual fund movements to unknown wallets from its treasury. Whale Alert, the ever-observant Twitter handle which tracks significant cryptocurrency transactions, reported another movement by the controversial Tether.

408 +

Nearly 75% of All Bitcoin Mining’s Energy Consumption is Done Using Renewable Sources: CoinShares Report

Crypto treasury management firm, CoinShares publishes a report in which it noted Bitcoin Mining using mostly renewable energy. Analysts have been criticizing the energy-intensive proof-of-work (PoW) the -based process of bitcoin mining – as they've pointed out that it's not eco-friendly.

391 +

Bitcoin Price May Skyrocket If China Starts Selling US Treasuries: Forbes

As the US-China trade war continues, Bitcoin price may soar even higher provided that China gets rid of US Treasury bonds

278 +

US Bitcoin & Treasury Investment Trust Files Amendment No.3 to Its Registration Statement With the SEC

The United States Bitcoin and Treasury Investment Trust, also known as the “Trust” filed an amendment No. 3 with the United States Securities and Exchange Commission on May 21. Wilshire Phoenix Funds, LLC, the sponsor behind The Trust made this announcement a few hours ago, with the amendment relating to the planned IPO of its common […] US Bitcoin & Treasury Investment Trust Files Amendment No.

381 +

In Light of Tether’s Fractional Reserve, a Shadow of Fiatcoins’ Future

Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.

1389 +

Panxora Safeguards ICO Assets with Crypto Treasury Management Service

Bitcoin Press Release: Panxora has announced a new Treasury Management Service which will not only helps ICOs survive but thrive within the current market conditions. 23rd April, 2019, London, UK – The Panxora Group, a cryptocurrency consortium, today announces the launch of its ICO Treasury Management Service (TMS).

334 +

Breaking: NY AG Alleges Bitcoin Exchange Misused Tether to Hide $850M

By CCN: The office of New York Attorney General Letitia James has officially obtained a court order to request iFinex Inc, the operator of bitcoin exchange Bitfinex and Tether, to cease operations in New York.

334 +

Tether Treasury Mints $300 Million of Stablecoin: What Could It Mean for Bitcoin Price?

Yesterday, the Tether treasury, responsible for managing the supply of the stablecoin, has minted an additional $300 million USD worth of the fiat-backed stablecoin, following the recent bullish Bitcoin price action.

283 +