Federal Reserve News
Latest Federal Reserve News
Quantum BioPharma Ltd., a Nasdaq-listed biotech and medical research company, has purchased $1 million in Bitcoin and other cryptocurrencies as part of a strategic move approved by its board of directors. The company plans to allow future financings and transactions…
BTC
Bitcoin
Speaking in an interview with Yahoo Finance, Senator Cynthia Lummis outlined a plan to authorize the Federal Reserve to purchase and hold Bitcoin, integrating it as a key asset in the country’s financial strategy. Federal Reserve Chairman Jerome Powell stated…
BTC
Bitcoin
After the Fed cut the interest rate by 0.25%, the crypto market’s liquidation of more than $239 million in mere minutes. Bitcoin dipped briefly below $100k with other major tokens following suit. On Dec. 19, the Federal Reserve reduced its…
Federal Reserve chair Jerome Powell reiterated the bank’s position on a Bitcoin reserve from an existing legal perspective.
BTC
Bitcoin
President-elect Trump met with crypto industry leader Kris Marszalek to prepare an order for a BTC reserve in a bid to strengthen the U.S. financial landscape.
BTC
Bitcoin
Semler Scientific, a company focused on technology solutions for healthcare providers, announced an update on its Bitcoin holdings. Between December 5 and December 15, 2024, the company acquired an additional 211 Bitcoin (BTC) for $21.5 million, bringing its total holdings…
BTC
Bitcoin
Bitcoin reached an all-time high on Monday after institutional interest in the digital currency spiked as President-elect Donald Trump confirmed plans for Bitcoin reserve.
BTC
Bitcoin
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…
BTC
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…
BTC
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…
BTC
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.
BTC
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…
BTC
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…
BTC
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…
BTC
Bitcoin