European Lawmaker Pushes For National Bitcoin Reserve, Cites El Salvador’s Resounding Success

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Bitcoin may ‘pump then rotate back’ if US strategic reserve gets approved

A crypto analyst warns that Bitcoin’s price could face volatility if the highly anticipated United States Bitcoin Strategic Reserve bill gets passed.

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Texas House Introduces Bill to Establish Strategic Bitcoin Reserve

Legislation introduced in the Texas House on Thursday could put the state at the forefront of digital innovation. Republican State Representative Giovanni Capriglione proposed a bill to create a strategic Bitcoin reserve.

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Russian State Duma Deputy Proposes Strategic Bitcoin Reserve

The document would see Russia create a bitcoin reserve similar to its traditional currency reserves.

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‘Hardly money’: Former NY Fed chief blasts Trump’s Bitcoin reserve

Bill Dudley, the former chief of the New York Fed, warned against holding Bitcoin as a reserve and urged a focus on regulation. Dudley criticized a proposed federal Bitcoin (BTC) reserve championed by Donald Trump during his presidential campaign. In…

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Bitcoin reserve bill introduced in Brazil’s Congress

Brazilian legislators in the Chamber of Deputies proposed allocating 5% of the nation’s $370 billion treasury to Bitcoin strategic reserve.

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New Bill For National Bitcoin Reserve Introduced In Brazil’s Chamber Of Deputies

In a step toward integrating crypto into the country’s financial framework, Brazilian federal deputy Eros Biondini introduced a bill to create a national Bitcoin reserve.  Brazil’s Proposed Bitcoin Reserve Bill Filed on Monday, the legislation proposes the establishment of the Sovereign Strategic Bitcoin Reserve (RESBit), which is designed to diversify the financial assets of Brazil’s […]

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Bitcoin reserve bill introduced in Brazil

Bitcoin adoption could get another boost from Brazil. This is after a Brazilian Congressman introduced a bill proposing adoption of BTC as national reserve asset. US lawmakers are also pushing for a Bitcoin strategic reserve.

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US Senator Lummis reaffirms Bitcoin will be become a national reserve asset following Trump’s victory

The establishment of a Bitcoin reserve could significantly alter global financial dynamics, positioning the US as a leader in digital currency innovation. The post US Senator Lummis reaffirms Bitcoin will be become a national reserve asset following Trump’s victory appeared first on Crypto Briefing.

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US Senator Lummis reaffirms Bitcoin will become a national reserve asset following Trump’s victory

The establishment of a Bitcoin reserve could significantly alter global financial dynamics, positioning the US as a leader in digital currency innovation. The post US Senator Lummis reaffirms Bitcoin will become a national reserve asset following Trump’s victory appeared first on Crypto Briefing.

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US Bitcoin Reserve Legislation Gains Bipartisan Support With Democrat’s Endorsement

According to a recent Forbes report, US lawmakers from both sides of the political spectrum are rallying around a proposal to create a strategic Bitcoin (BTC) reserve for the US, following Senator Cynthia Lummis’ speech at the 2024 Bitcoin Conference in Nashville.

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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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ARK 21Shares’ Bitcoin ETF integrates Chainlink’s proof of reserve

21Shares partners with Chainlink to integrate Proof of Reserve for its Bitcoin ETF (ARKB), ensuring investors can verify Bitcoin holdings.

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Crypto Exchange Founder On Bitcoin: The Missing Piece To Rev Up The Bull Market

Arthur Hayes, the co-founder of BitMEX, has offered a bold prediction for the future of Bitcoin, asserting that the Federal Reserve’s potential return to money printing could send the leading cryptocurrency on a soaring trajectory.

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Bitcoin Exchange Reserve Shoots Up, Pain Not Over Yet?

On-chain data shows the Bitcoin exchange reserve has shot up during the past day, indicating that more drawdown may be coming for the price. Bitcoin Exchange Reserve Has Registered A Large Increase A few days back, a crash shook both Bitcoin and the wider cryptocurrency market, as the BTC price plummeted from above $29,000 to below $26,000 instantly.

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Bitcoin Miner Reserve Rising: Good News For BTC Bulls?

Bitcoin prices have been stagnant, trading below the psychological $30,000 level. The coin is technically under pressure, declining from its peaks of around $31,800 recorded in early July 2023.  Amid this development, on-chain data reveals that the Bitcoin miner reserve has been increasing, notwithstanding prevailing market conditions, bouncing back from May 2023 lows.

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Bitcoin miner reserve balances flatten out as Ordinals appear

The bitcoin miner reserve has remained stable in February, and miners are still making a profit due to the appearance of Ordinals, NFTs on bitcoin blockchain. Meanwhile, BTC has had a good past few days whereby it surpassed the $24,000…

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Lightning Speed: How To Take BTC From Reserve Asset To World Reserve Currency

Is the Lightning Network bitcoin’s killer app? It might be, but it still has a long road ahead. One of the stops on that road is the possible inclusion of stablecoins. Does bitcoin need them? Aren’t there inherent counterparty risks with those? The debate over those questions rages on.

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Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 Years

Crypto markets saw heavy losses with investors increasingly worried about high inflation and Federal Reserve rate increases. Some analysts say the bitcoin price could go even lower.

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Bitcoin Falters After Federal Reserve’s Largest Rate Hike In 22 Years

The Bitcoin price managed to crawl higher on Wednesday, May 4 after a miserable open to the week on Monday. The cryptocurrency bounced back alongside equities following the United States Federal Reserve’s decision to raise interest rates by 0.

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Bitcoin Regains $43.5K as 'Fear' Hits Sentiment, Though Some Remain Bullish

Bitcoin showed signs of recovery following Wednesday’s slide as hawkish comments from the U.S. Federal Reserve failed to temper investor fears about inflation in the coming months.

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How Will Federal Reserve Asset Tapering Impact The Bitcoin Market?

Following a Federal Reserve announcement on tapering acceleration, the bitcoin price and equities rallied in tandem.

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Fort Nakamoto: The US Should Buy A Strategic Reserve Of Bitcoin, Says US Senatorial Aspirant

Blake Masters, COO of Thiel Capital has called on the US to set up a strategic reserve of Bitcoin. His call comes on the heels of the decision of China to ban all cryptocurrency trading and allied activities.

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Bitcoin On-Chain Data Reveals Why This Selloff Is Different From May’s Crash

Bitcoin on-chain data shows the exchange reserve indicator looks different for the current selloff when compared to the May crash. Bitcoin Spot Exchange Reserve Continues To Decline Despite The Huge Dip As pointed out by a CryptoQuant post, the BTC reserve on spot exchanges has actually declined amidst the current price dip.

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The Inevitability Of Bitcoin Supremacy

Bitcoin is a black hole of value sucking in any and all reserve currencies, slowly but surely.

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Eerie Fractal Puts Bitcoin At Risk of Testing $47,000; Here’s Why

Bitcoin prices were relatively flat ahead of the New York opening bell Tuesday as traders waited for the Federal Reserve officials’ gathering for a two-day policy meeting. The flagship cryptocurrency slumped 0.

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Former Canadian PM says Bitcoin can be one of the world’s reserve currencies

Stephen Harper sees Bitcoin alongside gold and the US dollar as a viable global reserve asset. The post Former Canadian PM says Bitcoin can be one of the world’s reserve currencies appeared first on CryptoSlate.

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This Ottawa-Based Graphics Software Firm Is Now Holding Bitcoin As A Reserve Asset

Not too long ago we learned that the billion-dollar financial services firm MicroStrategy had decided to move half of its stockpile of reserve cash into Bitcoin. Now another promising new company has decided to trade its cash reserve for Bitcoin.

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Federal Reserve Cuts Rates by 0.25%: Bullish for Bitcoin

Bitcoin’s value proposition was purportedly just validated with news that the Federal Reserve, the United States’ monetary authority, would be cutting its policy interest rate… again.

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Bitcoin is “Even More” of a Hedge than Gold, says St. Louis Federal Reserve VP

Bitcoin could be a “substitute for gold, silver and other precious metals” in wealth portfolios – David Andolfatto In an interview, St. Louis Federal Reserve Senior Vice President and director of research, David Andolfatto talked about how Bitcoin is not a very good monetary instrument because of its fixed money supply model. To be a […]

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Bitcoin Bull Run “Guaranteed”: Federal Reserve Expected to Cut Rates Into 2020

For both those involved in Bitcoin and traditional markets, all eyes have been on the Federal Reserve over the past few months. Related Reading: Bakkt Physically Settled Bitcoin Futures Product to Launch in September Many analysts claim that whatever the American monetary authority decides to do with monetary policy will dictate the direction for global.

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Crypto Investor Claims Federal Reserve Outlet is “Brazenly Bullish” For Bitcoin

On Wednesday, the Federal Reserve’s Jerome Powell was asked about his latest thoughts on Bitcoin (BTC), crypto assets, and Libra. True to his nature as an integral piece of traditional finance, the chairman of one of the world’s most powerful institutions didn’t express fear.

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Crypto Investor Claims Federal Reserve Decision is “Brazenly Bullish” For Bitcoin

On Wednesday, the Federal Reserve’s Jerome Powell was asked about his latest thoughts on Bitcoin (BTC), crypto assets, and Libra. True to his nature as an integral piece of traditional finance, the chairman of one of the world’s most powerful institutions didn’t express fear.

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Donald Trump and Fed Chairman Distrust is Bullish for Bitcoin: Billionaire Investor

Bitcoin is going to benefit from the growing distrust between the US President Donald Trump and Federal Reserve Chairman Jerome Powell, believes Mr. Michael Novogratz of Galaxy Digital, LLC. The billionaire founder said on Wednesday that he is becoming “more bullish” on bitcoin after President Trump reportedly threatened to demote Mr.

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Bitcoin Price Will ‘Easily’ Blast Beyond All-Time High Soon: Wall Street Analyst

By CCN Markets: Speaking to CNBC’s Futures Now, Fundstrat co-founder and head of research Thomas Lee said that considering the momentum of bitcoin, the dominant crypto asset is likely to take out its all-time high very soon.

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Analyst Says Facebook’s Crypto Can See Bigger Adoption Than Bitcoin

By CCN Markets: On June 18, Facebook and the Libra Association formally announced their plans to release Libra, a crypto asset backed by the Libra Reserve to maintain a stable value. By 2020, Facebook has said it plans to integrate Calibra, a crypto wallet designed to support Libra, into WhatsApp and Messenger, introducing the asset to billions of users worldwide by 2020.

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Pro or Anti Bitcoin? Crypto Community Divided Amid Facebook Coin Launch

At long last, Facebook’s inaugural consumer-facing Bitcoin-related (albeit remotely related) project is upon us. To be announced on Tuesday morning, Libra (Reserve) is slated to be a stablecoin tied to a basket of traditional assets, presumably ensuring it is nothing like other crypto assets.

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Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align

By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow.

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What Bitcoin Ban? Indian Central Bank Denies Involvement in Crypto Ban Bill

By CCN Markets: The Reserve Bank of India (RBI) has denied knowledge of a proposed bill which would see Bitcoin and crypto ownership in India made entirely illegal. Reports surfaced last week that lawmakers in India were working on legislation that could carry a 10-year prison sentence for anyone caught holding cryptocurrency.

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Bitcoin and RBI: Is It A Case Of Murphy’s Law For BTC Supporters?

Bitcoin drop 7. 4 percent Reserve Bank of India could get a boost with the latest draft bill proposing more stringent measures against crypto investors and developers. Yesterday’s FUD that India’s legislators are proposing a ban of cryptocurrency mining, trading or holding did expose RBI’s underbelly.

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Bitcoin ‘FUD’: India’s Reserve Bank Denies Involvement in Crypto Ban

Bloomberg: India Looking to Jail Bitcoin, Crypto Users On Friday, Bitcoin and crypto enthusiasts woke up to a harrowing piece of news. Reported first by Bloomberg Quint, India purportedly has plans to jail those who.

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Bitcoin a Good Buy if Trade Tension Persists, Admits Wall Street Skeptic

By CCN: The frequently volatile stock market provides rare hideouts for investors but one of them could be bitcoin, according to Mr. Peter Boockvar of Bleakley Advisory Group. The chief investment officer said this week that a sharp rise in bitcoin price indicated that investors were unsure about the Federal Reserve’s stance on interest rate cuts, as well as about the outcome of an ongoing trade war between the US and China that kept buying sentiment weaker in both the Western and Asian stock markets.

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In a World Where Central Planners Push Debt, Cryptocurrencies Look Better Every Day

Economists have been predicting a worldwide recession which could pose a risk to financial stability throughout various countries. Fear of an economic downturn has caused the central bank of Australia to cut interests rates on Tuesday and both the U.

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India’s Central Bank Denies Knowledge of Bill to Ban Cryptocurrencies

India’s crypto regulation is reportedly ready and there has been much speculation about what it contains. An Indian lawyer has gotten some answers from the Reserve Bank of India about a bill allegedly seeking to ban cryptocurrencies.

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Bitcoin Will be Much More Expensive in India Under Modi’s Government

By CCN: The re-election of Narendra Modi as India’s prime minister is going to make bitcoin trading come with a premium in the country. It is partially due to a full-fledged trading market that went underground abruptly owing to a blanket ban announced by the Reserve Bank of India (RBI).

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Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

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Bitcoin Trading Popularity Spooks Malawi Central Bank Warning Against Cryptocurrency

By CCN: The governor Reserve Bank of Malawi (RBM) has warned that cryptocurrencies are not legal tender and should not be used in place of the legal fiat currency, the Malawi Kwacha. According to local media, Dr.

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Как криптовалюты от Facebook и TON собираются захватывать мир

Facebook может запустить свою криптовалюту уже в 2020 году. Об этом сообщают "Ведомости" со ссылкой на BBC. Проект разработки собственной криптовалюты Facebook долгое время держал в секрете. Слухи о разработке корпорацией собственной цифровой валюты ходили несколько лет, однако только прошлой весной вице-президент компании Дэвид Маркус подтвердил, что в компании действительно есть разработчики блокчейн-решений.

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East Africa: Malawi Doesn’t Consider Cryptos a Legal Tender

“Not a legal tender” is a phrase that we have come across more often in the past 12 months than we ever did in the past. A report published on a local news agency Nyasa Times on May 27, 2019, informed that the Reserve Bank of Malawi has jumped on the bandwagon to declare thatRead MoreRead More.

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