Swiss Central Bank Urged to Add Bitcoin to Balance Sheet

A group of Bitcoin advocates in Switzerland are urging the country's central bank to add Bitcoin to its reserves. They aim to hold a referendum to amend the constitution to require Bitcoin reserves.

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Time To Remove Your Funds From This BIG Exchange? Draining Bitcoin Reserves and Troubled Waters

Huobi Global, one of the prominent cryptocurrency exchanges, is facing a concerning situation as its Bitcoin reserves dwindle and challenges loom ahead. The exchange’s Bitcoin balance has plummeted drastically since 2022, raising questions about its financial stability.

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Bitcoin’s Mining Reserves Plunge To 12-Year Low — What This Means For BTC Price

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Bitcoin may witness a short-term bounce that has everything to do with reserves 

Bitcoin [BTC] has been attempting mid-week bounces for the last few weeks to break free of the ongoing bearish grip. The latest observations in the market suggest that a similar outcome might occur thThe post Bitcoin may witness a short-term bounce that has everything to do with reserves  appeared first on AMBCrypto.

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El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves

El Salvador’s Bitcoin reserves diminished by 50% and lost more than $50 million with the recent Bitcoin price fall. The post El Salvador’s minister dismisses Bitcoin crash despite 50% loss in reserves appeared first on CryptoSlate.

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Did conflicting reports about Evergrande defaulting cause Bitcoin to tank?

Fears about the stock market and Tether's reserves have also led some to believe the Bitcoin price could be in trouble.

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Leading T-Shirt Printing Company to Convert Its Cash Reserves to Bitcoin, Ethereum and Other Cryptocurrencies

Custom apparel company RushOrderTees will put $1 million of its cash reserves into Bitcoin, Ethereum and other cryptocurrencies

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Grayscale Added 150% of All Bitcoin Mined in January

Demand for Bitcoin is undoubtedly growing every day. On Feb. 8, Tesla announced that it purchased $1. 5 billion in BTC using its cash reserves. This immediately caused the asset to spike to new all-time highs above $43,000.

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Massive Accumulation By Bitcoin Whales Drives Down Exchanges’ Reserves By $5 Billion

A drop of over $5 billion worth of Bitcoin on crypto exchanges reserves in the last one year hints at heightened accumulation by Bitcoin Whales, according to data by on-chain analysis platform CryptoQuant.

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Grayscale Now Owns 2.5% Of All Bitcoin In Circulation After Increasing Its Reserves By 17,100 BTC

Grayscale Investments, LLC offers institutional investors the simplest custodial solution. Through the Grayscale Bitcoin Trust (GBTC), high-net-worth investors and institutions can gain bitcoin exposure without having to hold the asset.

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Pax Gold (PAXG): a Cryptocurrency that allows you to have Physical Reserves in Gold

For thousands of years, gold has been the most valuable physical asset of humanity, or at least the most popular. This is not only because it is scarce and unlimited, as is also the case with bitcoin.

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Max Keiser Believes Shareholders Will Demand Corporations to Grab Bitcoin Following Microstrategy's Suit

Max Keiser praises Microstrategy's purchase of Bitcoin, while pro-Bitcoin restaurant chain Tahini's urges corporations to convert part of their cash reserves into Bitcoin

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Nasdaq-Listed MicroStrategy May Soon Buy More Bitcoin After Forking Out $250m

Earlier this year, MicroStrategy made the news across the world when it became the first major, U. S. stock exchange-listed company to invest in Bitcoin. The Nasdaq-listed firm, whose shares trade under MSTR, purchased $250 million worth of the leading crypto from its cash reserves.

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MicroStrategy Tells SEC It ‘May Increase’ $250M Bitcoin Reserves

MicroStrategy told the SEC it "may increase" its bitcoin (BTC) holdings beyond the $250 million haul purchased in August.

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Tether reserves drop, signs of trouble?

Stablecoins have added $100 million a day in market capitalization over the past three months. Tether has contributed to this market cap with a trading volume that is 1.84 times that of Bitcoin as of The post Tether reserves drop, signs of trouble? appeared first on AMBCrypto.

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Federal Reserve’s Major Policy Shift to ‘Push Up Inflation’ Could Send Bitcoin Price to $500K

The U. S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation.

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Bitcoin platform Shakepay introduces “Proof of Reserves” report and cold wallet insurance

Shakepay, a Canadian-based bitcoin platform, today announced it has added additional safeguards for its customers through a third-party proof of reserves and security report with CipherBlade, as well as a 1-to-1 cold wallet insurance policy through Aon.

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Blockchain Bites: Bitcoin’s ‘Rich List,’ Ethereum’s Volatility, DeFi’s Shakeup

The number of addresses on Bitcoin’s “rich list" is reaching new highs while another firm is putting its cash reserves into bitcoin, not a bank account.

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Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin

On Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset.

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The Herd is Coming: Software Startup Snappa Converts its Cash Reserves into Bitcoin

It has started! MicroStrategy invested $250 million, and then Tahini’s converted all of their cash reserves into Bitcoin. Now, the graphic software startup, Snappa, is replacing 40% of its cash reserves with the largest digital asset.

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Canadian Software Startup Puts 40% of Cash Reserves Into Bitcoin

Graphic-design software firm Snappa described Bitcoin as "a far superior savings technology."

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Canadian Restaurant Chain Tahini’s Converts All Cash Reserves Into Bitcoin

Canada-based Middle Eastern restaurant chain Tahini’s has converted all of its cash reserves into bitcoin. The company says bitcoin offers a much better alternative to cash savings. From Cash Savings to Bitcoin Middle Eastern restaurant chain Tahini’s has announced via Twitter that its entire cash reserves have been converted into bitcoin.

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Meet The Restaurant Owner Who Moved His Business Reserves To Bitcoin

Like small- and medium-sized business owners around the world, Ali Hamam was hit hard by coronavirus. But then he turned to Plan B. The post Meet The Restaurant Owner Who Moved His Business Reserves To Bitcoin appeared first on Bitcoin Magazine.

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Another Company Goes All-in In Bitcoin; ‘A Much Better Alternative To Saving Cash’

After billionaire investor Paul Tudor Jones and MicroStrategy, now a small company, a restaurant called Tahinis that specializes in middle eastern cuisine has jumped into Bitcoin. The company took to its Twitter account to share that they have converted their “entire” cash reserves, originally used as savings, into Bitcoin.

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Canadian Restaurant Tahinis Converts Entire Cash Reserves to Bitcoin

In another testament to the growing popularity of Bitcoin (BTC), a Canadian restaurant recently swapped its entire cash reserves for BTC. As stimulus payments offset COVID-19 economic shutdowns, an influx of cash is making its way into circulation.

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Bitcoin News Roundup for Aug. 18, 2020

With bitcoin's exchange reserves at a 20-month low and its hashrate getting soaked in Sichuan, CoinDesk's Markets Daily is back for your latest crypto news roundup!

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Why This Nasdaq-Listed Company Is Going All-In on Bitcoin

Bitcoin has become a popular investment vehicle amongst retail and institutional investors, but it is also becoming a reserve asset for some companies. Per an announcement from earlier today, a Nasdaq-listed business intelligence company is now turning to the benchmark cryptocurrency to store their capital reserves, calling it an asset that can be “superior to […]

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Wall Street Company Buys a Massive $250 Million in BTC

MicroStrategy Inc, a Nasdaq-listed public company, has turned a majority of its reserves into bitcoin. The purchase of over 20,000 bitcoin cost more than $250 million. The Real Deal Michael J Saylor, CEO of MicroStrategy, announced today that his company has purchased a massive amount of bitcoin.

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Dollar Reserves Surpass Bitcoin’s Dominance

Bitcoin’s dominance has fallen to 61% of all cryptos, that being the lowest in a year and may fall more. Ethereum is the chief culprit, gaining significantly in value against...

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Bitcoin Exchange Reserves Drop to a 12-Month Low Fueling Bullish Optimism

The number of bitcoin held on exchanges has touched a 12-month low, as bitcoin exchange balances have reached levels not seen since June 2019. According to onchain statistics, there’s more than 2.

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Bybit Pledges up to 10 BTC Charitable Donation from WSOT Prize Pool to UNICEF

Crypto derivatives exchange Bybit has dipped into its bitcoin reserves and pledged up to 10 BTC to Covid-19 relief. The benevolent gesture will support humanitarian efforts made by UNICEF, who will receive the donation, while further raising the profile of Bybit’s World Series of Trading (WSOT) competition.

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Bitcoin Price Drop to $8.9K Caused by Whales Selling at Major Exchanges

Selling by Bitcoin whales dropped BTC reserves at major exchanges and triggered today’s sell-off to $8,900.

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Price Analysis 6/8: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, XTZ

Bitcoin price remains range-bound, but as miners sell fewer coins and the BTC reserves on the exchanges drops, a possible up move could occur in the next few days.

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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.

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Tyler Winklevoss Expects Governments to Abandon Gold in Favor of Bitcoin as Bank of England Refuses to Release Venezuela's Riches

The Bank of England (BoE) could have inadvertently made a case for Bitcoin by refusing to give Venezuela its gold reserves

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Bitcoin Sales from Miners Spike 600% One Week After the Halving

Bitcoin sales from miners have jumped six-fold since the halving, while exchanges continue to see their reserves dwindle. Miners have now entered a new wave of Bitcoin selling despite the lack of a definite move in Bitcoin’s price, data shows.

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Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout

Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve increases.

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Russia and China Could Add Bitcoin (BTC) to Their Strategic Reserves, According to Max Keiser

China and Russia might end up embracing Bitcoin (BTC), according to Max Keiser

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Ireland-Based Auction House To Sell $125,000 In Confiscated Bitcoin

For the first time in the country’s history, Ireland will publicly auction off $125,000 worth of bitcoin seized from criminals. The seized cryptocurrency will be sold by Ireland-based auction house, Wilsons Auctions, to the highest bidder as it will set no reserves.

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Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges

On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.

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These Two Crypto Exchanges Greatly Increased Their Bitcoin (BTC) Reserves in 2019

2019 was a rough year for Poloniex but Binance and BitMEX significantly increased their Bitcoin (BTC) reserves

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Here’s Why Trump Threatening Iraq of Losing Their Oil Reserves is Bullish for Bitcoin

Iraq could lose access to its critical government bank account if they kick out American forces, warns Trump administration according to Iraqi officials. The reports came after US airstrike killed a top Iranian general, Qassem Soleimani at Baghdad International Airport.

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Why Proof of Reserves Is Important to Bitcoin

As the allure of holding fractional reserves increases, proof of reserves can help clients of custodial platforms verify if their funds are there or not. The post Why Proof of Reserves Is Important to Bitcoin appeared first on Bitcoin Magazine.

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Poland Is Buying Gold When It Should Be Buying Bitcoin

Poland has bought 100 tons of gold from the Bank of England, making it the 22nd biggest bullion holder in the world. Would it benefit from putting this money into Bitcoin instead? According to BNN Bloomberg, the Central Bank Governor Adam Glapinski told reporters that the gold reserves represent “the strength of the country.

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Bitcoin SV (BSV) Held as Reserves, Miners Selling May Undermine Prices

The current price spike for BSV may be based on a tendency to hold onto the coins, as selling would tank the market price.

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Bitcoin Awaiting Slice of Investors’ Trillions in Cash Reserves

Wary investors are holding about $3. 4 trillion in cash, waiting for the right moment to enter the markets. This huge cash stockpile demonstrates investors’ worries amid the Sino-US trade conflict.

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Bitcoin Price Hits $11.6K on Argentinian Crypto Exchange

Argentina’s government is imposing stricter measures to prevent access to foreign exchange reserves. As a result, Bitcoin price on one of the country’s local exchanges is currently trading at a 25 percent premium.

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Argentinians Can No Longer Buy Bitcoin with Credit Cards Per Country’s Central Bank Notice

Cointelegraph reports that the fiscal regulator has taken drastic measures in order to protect the foreign exchange reserves of Argentina which has been under immense stress following months of high inflation rates which has led to the slump in the country’s currency, the peso.

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Trump Advisor and Former Fed Nominee Launches Fractional Reserve Stablecoin

Stephen Moore, Trump’s initial nominee for the post of Federal Reserve Chairman and close campaign advisor, has announced his latest venture – Frax – that runs a U. S. dollar stablecoin.

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