Oklahoma introduces strategic Bitcoin reserve act
Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals. State savings accounts and pension funds will have the nod to invest in BTC if…
Vancouver mayor proposes Bitcoin as city reserve asset for stability
Vancouver Mayor Ken Sim proposes Bitcoin as a reserve asset to protect purchasing power. Jeff Booth supports Ken Sim’s proposal, recognizing Bitcoin’s potential as a strategic asset. Former USA CFTC…
Bitcoin reserve bill introduced in Brazil
Bitcoin adoption could get another boost from Brazil. This is after a Brazilian Congressman introduced a bill proposing adoption of BTC as national reserve asset. US lawmakers are also pushing…
Mark Cuban: Inflationary Pressure Could See Bitcoin Become Global Reserve
Inflationary pressure and geopolitical uncertainty could see Bitcoin become a global reserve currency, states Cuban The billionaire believes Trump’s lower tax rates and tariffs could push up Bitcoin’s price Elon…
Tether plans to start publishing real-time reserve reports in 2024
Tether is planning to introduce real-time reserve data reporting by 2024. Tether currently updates its reserve data daily and issues monthly and quarterly reports, According to its Q2 attestation Tether…
Reserve Bank of Zimbabwe launches gold-backed digital token ZiG
RBZ has launched a gold-backed ZiG digital token to address currency instability and inflation. ZiG offers a stable and versatile investment option, gaining investor interest. Investors have purchased 350kg of…
Federal Reserve launches ‘FedNow’ instant payment system
The newly launched FedNow Service aims to empower banks and credit unions. FedNow will allow for the execution of transactions 24/7 365 days a year. 35 banks and credit unions,…
Exclusive: Bitget’s proof of reserves sets record with a total reserve ratio of 223%
Bitget has been publishing verifiable data since December 2022. The recent proof of reserves shows USDC at a reserve ratio of 2604% The exchange’s reserve ratios have consistently exceeded 200%…
MakerDAO votes to decrease GUSD held in DAI stablecoin reserve
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves. The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve…
Bitcoin price forecast ahead of the Federal Reserve meeting
Bitcoin finds resistance at $30k The neckline of a head and shoulders pattern provides support The realized HODL ratio suggests investors may buy the dip The main event of the…