In light of Bitcoin’s capacity to provide financial stability in the face of unstable fiat markets, Mayor Ken Sim of Vancouver, Canada, is encouraging the city council to investigate its incorporation into municipal financial policies. “Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin
pullback today. Following an impressive rally, the leading altcoin slipped below the $210 support zone, with its price falling over 12.78% in just 24 hours, from a high of $232 to an intraday low of $203. This decline coincided with a notable dip in Bitcoin (BTC), which dropped below the
Crypto investment products recorded their largest-ever weekly inflows of $3.85 billion last week, according to CoinShares. The surge surpassed the previous record of $3.12 billion set only weeks ago. Bitcoin led the inflows, attracting $2.5 billion and bringing its year-to-date (YTD) total to $36.5 billion. Short Bitcoin products saw only
The Asian world has risen to a market crash in cryptocurrency and Bitcoin receding to the $96K level. This came as quite a shock to the community members, who had been expecting upward movements in prices. Meanwhile, regarding institutional adoption, a Russian official has appealed for the government to initiate
Anton Tkachev, a State Duma deputy from the New People party, sent an official proposal to Finance Minister Anton Siluanov, urging the government to consider Bitcoin an alternative reserve asset. In his appeal, Tkachev argued that traditional currency reserves, including the dollar, euro, and yuan, face risks like inflation, sanctions,
The Royal Government of Bhutan has recently transferred 406.074 Bitcoin, valued at approximately $40 million, to cryptocurrency investment firm QCP Capital. This significant transaction, first identified by Onchain Lens, has sparked speculation that the funds may soon be sold. Bhutan’s Cryptocurrency Powerhouse Bhutan’s sovereign holding company, Druk Holdings, remains a
Riot Platforms, a Bitcoin miner, has stated that it would be raising $500 million to speed up its Bitcoin acquisition strategy. Convertible senior notes maturing in 2030 worth $500 million were proposed for private sale to eligible institutional investors by the company on Monday. Specifically, the aforementioned digital asset is
For the sixth week running, starting in early November, MicroStrategy has increased its Bitcoin purchases. The software firm raised its total Bitcoin holdings to 423,650 after announcing the acquisition of 21,550 BTC for $2.1 billion. Having achieved a BTC yield of 43.2% QTD and 68.7% YTD, MicroStrategy said in a
Under pressure from the International Monetary Fund (IMF), El Salvador, the world’s first government to adopt Bitcoin as legal cash, is allegedly reducing its BTC aspirations. According to the Financial Times, which cited sources familiar with the situation, El Salvador is reportedly planning to amend its Bitcoin policy in exchange
The Bitcoin MENA (Middle East and North Africa) conference in Abu Dhabi. Has recently got attention for its cutting-edge discussions on cryptocurrency especially Bitcoin and for the influential personalities. From prominent crypto figures like Binance’s CZ to Elon Musk were expected to attend and key members of Donald Trump’s inner
