Robert Kennedy's $622 billion Bitcoin reserves idea - How will it work?

2024-7-27 22:00

Robert F. Kennedy intends to have the FED match its gold reserves with Bitcoin reserves, if elected $600 billion worth of liquidity potentially flowing into Bitcoin could have a major impact The post Robert Kennedy's $622 billion Bitcoin reserves idea - How will it work? appeared first on AMBCrypto.

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Venezuela Formally Confirms Sanction-Skirting Cryptocurrency Payment System

Venezuelan President, Nicholas Maduro, has confirmed rumors that the country is launching a cryptocurrency-based payment network for domestic and international payments. An even more exciting development from here is that the country is looking to accept Bitcoin and Ethereum from a state-owned petroleum company which they will hold as a part of their monetary reserves,Read MoreRead More.

2019-10-2 01:00


Venezuela to add Bitcoin and Ethereum in central bank’s reserves

Venezuela, the country that currently suffers from hyperinflation, is reportedly taking steps to adopt cryptocurrencies. The information was highlighted through a tweet from @PattyLaya, which translated to, “Exclusive: Venezuela is conducting internal tests to determine if it can save cryptocurrencies in the central bank’s reserves, helping PDVSA download recent payments in Bitcoin and Ethereum” According […] The post Venezuela to add Bitcoin and Ethereum in central bank’s reserves appeared first on AMBCrypto.

2019-9-27 23:00


Trump Hates Bitcoin but Nations May Hold Crypto Reserves in 10 Years

Balaji Srinivasan, a former partner at a16z and former CTO at Coinbase, has said that in the future, every nation state may have to hold crypto. Srinivasan, who now operates as an angel investor, said: “Ten years after the launch of Bitcoin, the President of the United States and the Chair of the Federal Reserve […] The post Trump Hates Bitcoin but Nations May Hold Crypto Reserves in 10 Years appeared first on CCN Markets

2019-7-13 14:36


European Central Bank: “Bitcoin is Not a Currency But an Asset that is Very Volatile”

Bitcoin has unarguably gained massive adoption of recent and there are hopes that someday, it could potentially become a global currency. However, the European Central Bank, the Central bank for Europe’s currency Euro in a tweet on July 9, 2019, stated that it has no plans to add Bitcoin to its reserves because Bitcoin is […] The post European Central Bank: “Bitcoin is Not a Currency But an Asset that is Very Volatile” appeared first on ZyCrypto.

2019-7-10 15:34


Tether in court: Yep, we sort of, kind of, definitely used our reserves to buy Bitcoin

It appears that contrary to its marketing promises, Tether – a cryptocurrency pegged to the US dollar – used some of its dollar reserves to buy Bitcoin. The stablecoin issuer, which shares management and ownership with cryptocurrency exchange service Bitfinex, has admitted it used its reserves to invest in Bitcoin and other “assets,” according to court transcripts obtained by The Block.

2019-5-22 11:12