Tag Archives: Reserve

On March 20, investor and entrepreneur Anthony Pompliano stated on Fox News, “There’s a global race going on–Russia, Abu Dhabi, El Salvador, Bhutan–all these other countries are trying to buy Bitcoin… the same way that there was a space race there’s now a Bitcoin race.” The idea of a Bitcoin “race” is now a reality as world leaders actively discuss …

Tether is reportedly looking to tap a Big Four auditor for its U.S. dollar pegged stablecoin’s reserves. According to Paolo Ardoino, the chief executive officer of Tether, the company is “engaging” one of the top accounting firm in the world with a view to getting its Tether (USDT) reserves audited. Reuters highlighted this development in a report published on Friday, …

As was widely expected, the U.S. Federal Reserve has stood pat on interest rates. However, the American central bank warned of slowing growth and rising inflation ahead. The Fed lowered its economic outlook as part of its latest projections, saying it expects the U.S. economy to grow at 1.7% this year, down from a previous forecast of …

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Arizona has taken the lead in the US Strategic Bitcoin Reserve (SBR) race after two bills passed the House of Representatives Commerce Committee vote on March 18. The state now has two active crypto reserve legislations and a legal tender bill, which have also advanced to the …

U.S. President Donald Trump has appointed current Federal Reserve Governor Michelle Bowman to take over the central bank’s top supervisory role. Governor Bowman got the promotion after previous Federal Reserve Vice Chair for Supervision Michael Barr resigned from the role, although he remains a governor of the central bank. Bowman’s appointment is considered good news for U.S. banks …

The Federal Reserve starts its meeting tomorrow through Wednesday. The market is pricing odds of the central bank holding rates. However, might the Fed slash rates instead? Mortgage holders prefer the Fed to lower its federal funds rate. That would lower the benchmark interest rate and consequently, mortgage rates. Savers who hold certificates of deposit accounts, however, would …

The United States government may be keen on owning and maintaining a digital asset stockpile, but not all countries feel the same way. South Korea, for one, has expressed its disinterest in including bitcoin (BTC), or any cryptocurrencies, in its foreign exchange reserves. A report from the local media Korea Economic Daily revealed that the nation’s central bank, The Bank …

The Bank of Korea says it is taking a “cautious approach” to potentially including Bitcoin as a foreign exchange reserve. Officials from the Korean central bank said in a March 16 response to a written inquiry that they have not looked into a potential Bitcoin (BTC) reserve, citing high volatility.  Responding to a question from Representative Cha Gyu-geun of the …

American President Donald Trump made numerous pro-crypto promises during his campaign last year. One of those included establishing a strategic Bitcoin reserve. Earlier this month, he kept his word and signed an executive order to create such an initiative. He also ordered the formation of a Digital Asset Stockpile. The strategic Bitcoin reserve is designed to hold BTC as a …

Key Notes Lawmaker Connolly accused the Trump administration of favoring specific cryptocurrencies and failing to consult Congress on the initiative. Connolly raised concerns over potential conflicts of interest, highlighting Trump’s ties to the DeFi platform World Liberty Financial and the Official TRUMP (TRUMP) meme coin. As gold nears a record high of $3,000 per ounce, economist Peter Schiff urged the …