Tag: Bitcoin

Former finance minister urges German central bank to consider Bitcoin as a reserve asset

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Former German Finance Minister Christian Lindner has advocated for including cryptocurrencies like Bitcoin in the European Central Bank and Bundesbank reserves to strengthen financial resilience and keep pace with global trends. According to the German media outlet Handelsblatt, Lindner pointed to the United States, where the incoming Donald Trump-led administration is looking to adopt a progressive approach towards crypto-assets, including discussions about incorporating Bitcoin into the Federal Reserve’s reserves alongside traditional assets like gold. Lindner highlighted that cryptocurrencies now make up a significant share of global wealth growth and warned…

Bitcoin Slides as Dollar Strength Weighs Down Bulls

XRP led crypto losses on the second-last day of this year as a stronger dollar weighed down global currencies and assets including bitcoin, with Asian equity markets sliding lower on Monday. XRP sunk more than 5% in the past 24 hours, with dogecoin (DOGE), Solana’s SOL, ether (ETH) and BNB falling as much as 2%. Overall market capitalization fell 3%, while the broad-based CryptoX 20 (CD20), an index tracking the largest tokens, minus stablecoins, shed 3.5%. US equities declined on Friday and as investors trimmed positions amid uncertainty heading into…

Latam Insights: El Salvador’s Bitcoin Christmas Buying Spree, Argentina’s Tether Freeze

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, El Salvador continues buying bitcoin despite IMF’s requirements, the Argentine justice system orders freezing USDT for the first time, and a Brazilian congresswoman warns about the dangers […] Original

El Salvador Showcases Bitcoin Success in Key Meeting With Chinese Ambassador

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El Salvador’s vice president highlighted bitcoin’s role in economic growth during a meeting with China’s ambassador, emphasizing Chinese cooperation in advancing digital infrastructure projects. El Salvador Spotlights Bitcoin Wealth in Discussions With Chinese Delegation El Salvador’s Vice President Félix Ulloa highlighted the country’s bitcoin success in a meeting with Chinese Ambassador Zhang Yanhui, the Office […] Original

Bitcoin As A Strategic Asset? CryptoQuant CEO Weighs In

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Este artículo también está disponible en español. Since President-elect Donald Trump raised the possibility of establishing a US Bitcoin Strategic Reserve, many advocates have pushed for the creation of the crypto stockpile, saying that it would make the country as the leader in the global cryptocurrency landscape. However, not everyone in the crypto community is convinced of the feasibility of the crypto reserve. CryptoQuant CEO Ki Young Ju is pessimistic that the prospect of the Bitcoin Strategic Reserve would get an approval from the incoming administration. Related Reading BTC Reserve…

El Salvador crosses 6,000 Bitcoin milestone with latest purchase, portfolio up 105%

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El Salvador now holds more than 6,000 Bitcoin, reaching this milestone after adding another BTC on Dec. 29. The country’s Bitcoin (BTC) treasury now stands at 6,000.77 BTC, valued at approximately $561.3 million according to the National Bitcoin Office’s portfolio tracker. The latest purchase continues El Salvador’s steady accumulation strategy. The portfolio has shown an increase of 19 BTC over the past week and 53 BTC over the last month, worth $1.77 million and $4.95 million, respectively. Source: Bitcoin Office tracker This systematic approach has proven profitable, with the nation’s…

Bitcoin On A Rebound? Here Are Key Levels To Watch

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…