Michael Saylor outlines the path to adopting bitcoin as a reserve in the United States

The plan states that the regulation of digital assets must prioritize efficiency. Saylor is president of MicroStrategy, the company with the largest amount of BTC in custody. Michael Saylor, president of MicroStrategy and one of the leading proponents of bitcoin (BTC) globally, has outlined an ambitious plan to position the United States as a leader … Read more

El Salvador makes an agreement with the IMF and Powell knocks down the market, see it in the news summary

This week the bitcoin (BTC) ecosystem was marked by several important events related to the market and finances. On the one hand, the pioneering digital currency continued to advance its rally, setting a new all-time high of more than USD 108,000. However, this time the enthusiasm was short-lived, because by December 18, BTC registered a … Read more

What else did El Salvador give up with bitcoin to obtain the loan with the IMF?

Bukele did not give up, they say from the Bitcoin Beach citadel project. Despite advanced regulation, IMF seeks transparency and control over bitcoin in El Salvador. Bitcoin (BTC) plays a central role in the agreement reached by El Salvador and the International Monetary Fund (IMF) to grant the Central American country a loan of USD … Read more

Venezuelan project wins bitcoin subsidy to promote financial freedom

The Financial Freedom Policy Coalition, an organization founded by Venezuelan activist Jorge Jraissati, has received a grant in bitcoin (BTC) as part of the latest round of funding from the Bitcoin Development Fund, an initiative of the Human Rights Foundation ( HRF). In the last few hours, the information was released on social networks. The … Read more

El Salvador will turn off the Chivo Wallet after agreement with the IMF

El Salvador decided to discontinue the government-created Bitcoin wallet, Chivo Wallet, as part of an agreement with the International Monetary Fund (IMF). This measure is announced as a requirement to access a loan of USD 1.4 billion from the multilateral organization. Stacy Herbert, the director of the National Bitcoin Office of El Salvador, confirmed on … Read more

The fall of bitcoin liquidated more than USD 400 million of traders

The cryptocurrency market suffered a hard blow yesterday, Wednesday, December 18, when bitcoin (BTC) experienced a day of high volatility. This caused the liquidation of more than $400 million in the futures market. The price of bitcoin fell sharply from the $105,000 to $98,000, although it has since recovered and is currently trading at $102,000, … Read more

5 keys to understanding the US bitcoin reserve draft proposal

Without presidential authorization, the Secretary of the Treasury will not be able to sell funds from the reserve. The reserve will be audited regularly, with high security standards and constant reports. Yesterday, a draft of a decree detailing the creation of a strategic bitcoin (BTC) reserve in the United States was leaked. The document, pending … Read more

the Fed can’t have bitcoin

The president of the United States Federal Reserve, Jerome Powell, declared during the afternoon of this Wednesday, December 18, that the institution he represents cannot hold bitcoin (BTC) in its reserves. In a press conference that celebrated After the meeting of the Federal Open Market Committee (FOMC), the official explained that, according to the Federal … Read more

Today will be a day of high volatility for bitcoin

The interest rate in the US is 4.50-4.75 basis points. The price of bitcoin (BTC) remains above $100,000. Today, December 18, a day of high volatility is expected for bitcoin (BTC) and cryptocurrencies. This Wednesday the decision on the interest rate of the FOMC, the body in charge of defining the monetary policy of the … Read more

Draft of Trump’s executive order to create the national bitcoin reserve released

This Tuesday, the draft of an executive order that proposes the creation of a strategic reserve of bitcoin (BTC) in the United States was released. All that remains is for President-elect Donald Trump’s team to review this document and for the president to sign it for it to come into force. The document, which was … Read more