Federal Reserve News
Latest Federal Reserve News
Travala, a cryptocurrency-based travel booking platform, has announced a new “Treasury Reserve Plan” after surpassing $100 million in annual gross revenue. The plan will see the company hold reserves in Bitcoin (BTC) and its native AVA token to strengthen its…
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Bitcoin
The Bitcoin strategic reserve has been an intensive issue in the past few months since Donald Trump announced these plans to the crypto community; now Russia has followed. Anton Tkachev, Duma state deputy of Russia, has urged the Minister of…
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Bitcoin
Jetking Infotrain, a 77-year-old Indian IT training company, has become the first publicly listed business in India to adopt Bitcoin as part of its corporate treasury strategy. The company announced the purchase of 12 Bitcoin (BTC), valued at approximately $1.2…
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Bitcoin
Genius Group has significantly bolstered its Bitcoin treasury, acquiring 194 Bitcoin worth $18 million at an average price of $92,728 per Bitcoin. This move aligns with its “Bitcoin-first” strategy, which commits at least 90% of the company’s reserves to Bitcoin,…
BTC
Bitcoin
For the first time in history, Bitcoin closed above the $100,000 mark on Dec. 8. The value achieved a weekly and daily close at $101,236.01. This record achievement portrays a new era of confidence among investors, with several factors influencing the significant increase in digital assets.
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Bitcoin
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
The opportunity for the US to reclaim its position as a global leader in financial innovation is within reach, but the path ahead remains to be determined.
Bitcoin has recently become known as an investment instrument that is called “digital gold” to preserve the value of money; Powell says the same. The chairman of the Federal Reserve (The Fed), the central bank of the United States, has…
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Bitcoin
KULR Technology Group announced plans to allocate up to 90% of its cash surplus, including $12 million currently on hand, to Bitcoin. This decision aligns the company with a growing trend of businesses using Bitcoin as a treasury asset. The…
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Bitcoin
Bitcoin price is under the spotlight as markets anticipate a potential Federal Reserve rate cut that could drive fresh momentum. Notably, the CME FedWatch Tool has indicated a 74.5% possibility of a 0.25% rate cut by the Federal Reserve at…
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Bitcoin
Custodia Bank, a crypto-friendly Wyoming bank, said it plans to scale back its services as it prepares for policy reforms in the space. Custodia Bank, a bank founded by Bitcoin advocate Caitlin Long, is scaling back its operations as it…
Gold has been under pressure while Bitcoin has thrived since the US presidential election as the industry expects a strong shift to crypto assets. The leading investment asset, also used as the primary inflation hedge, plunged to a one-month low…
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Bitcoin
Thumzup Media Corporation, a social media marketing company based in Los Angeles, announced its entry into the crypto space with plans to purchase up to $1 million in Bitcoin. The company, which helps brands pay users to promote them on…
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Bitcoin
Pennsylvania’s legislature has introduced a bill allowing the state to invest in Bitcoin. Led by Representative Mike Cabell, this bill would permit Pennsylvania to allocate up to 10% of three state funds — the General Fund, Rainy Day Fund, and…
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Bitcoin
Why are investors feeling more optimistic than ever about Bitcoin? From sentiment indicators to market dynamics, here’s what’s sparking all the excitement. Historic highs and market dynamics Bitcoin (BTC) is experiencing a remarkable resurgence after a prolonged period of volatility. …
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Bitcoin
Bitcoin and the cryptocurrency market maintained positive price action following the first Federal Reserve rate slash after Donald Trump’s win.
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Bitcoin