-
New York CNN — President Donald Trump established a Strategic Bitcoin Reserve and a stockpile of other digital assets through an executive order on Thursday, shortly before hosting a crypto summit at the White House. The Treasury Department will set up an office to administer the reserve, which will be capitalized with Bitcoin (BTC) confiscated…
-
Bitcoin is often touted as an alternative to the US dollar, the world’s reserve currency, as only a limited number of coins will ever be produced. Proponents argue that bitcoin’s fixed supply makes it an inflation-proof value store outside the global financial system. Bitcoin is often compared to gold for a similar reason. While central banks worldwide keep large…
-
U.S. president Donald Trump has signed an executive order, calling for the establishment of a U.S bitcoin strategic reserve and stockpile of other cryptocurrencies, following through on a campaign promise that some think could push the bitcoin price sharply higher. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset…
-
Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has gotten approval from the country’s financial regulator to offer bitcoin (BTC) and ether (ETH) trading to its clients, according to a Reuters report. The approval come as the Markets in Crypto-Assets (MiCA) regulation takes full effect across the European Union. This approval for BBVA marks the…
-
Bitcoin heads for positive week after President Trump establishes bitcoin reserve: CNBC Crypto World
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email On today’s episode of CNBC Crypto World, bitcoin ends the week in the green after President Trump signs an executive order to establish a U.S. bitcoin reserve. Noelle Acheson, economist and author of the ‘Crypto is Macro Now’ newsletter discusses what the…
-
Key Takeaways Bitcoin and altcoins plunge amid growing economic uncertainty. Market reactions remain tepid as the Strategic Bitcoin Reserve will not involve new government purchases for now. Share this article Fears of a looming recession, coupled with escalating trade tensions between the US and Canada, triggered Bitcoin price drops and altcoin sell-offs on Sunday night.…
-
President Donald Trump said Friday he’s committed to making the U.S. a world leader in cryptocurrencies as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration. Watch Trump’s remarks in the player above. “I thought it was very important that we stay in the…
-
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The broader crypto market continues to experience heightened volatility, causing a robust sharp drop in Bitcoin’s price below the $85,000 mark after witnessing a slight upward push in the previous week. With BTC’s price undergoing strong bearish pressure, investors’ sentiment has taken…
-
Andrew Harnik / Staff / Getty Images On March 6, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve. Trump’s order also creates the United States Digital Asset Stockpile, which will hold other cryptocurrencies. The Strategic Bitcoin Reserve will initially hold all the bitcoins held by the Department of the Treasury that were forfeited…
-
He pitched the reserve as a way to offset losses in spending power caused by inflation in the US dollar. On Thursday, Sacks reiterated that line of argument, posting on X, “The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like…