Ken Sim, mayor of Vancouver since 2022, recently announced a plan to use bitcoin as a reserve asset. The proposal was presented during the municipal council meeting on November 26, under the title “Preserving the city’s purchasing power through diversification of financial resources: becoming a Bitcoin-friendly city.” Currently, this meeting is available on the city … Read more
The reserve would be called RESBit and the objective is to “diversify the Treasury’s financial assets. The project provides for the planned acquisition of BTC with up to 5% of international reserves. Brazilian deputy Eros Biondini presented a bill for the creation of a sovereign strategic reserve of bitcoin (BTC) by the federal government, called … Read more
Rumble, a streaming platform that competes directly with YouTube, announced the approval of a strategic bitcoin (BTC) reserve, which involves allocating part of the company’s excess cash reserves to BTC purchases. This platform, known for allowing greater freedom regarding censorship, considers bitcoin to be “a valuable tool for strategic planning and is designed to accelerate … Read more
So far, MicroStrategy accumulates 386,700 BTC. The company invested $5.4 billion in the purchase announced this Monday. This Monday, November 25, MicroStrategy announced a new acquisition of 55,500 bitcoin (BTC). The company invested $5.4 billion in this purchase, with an average price of $97,862 per BTC. As of November 24, 2024, MicroStrategy accumulates 386,700 BTC, … Read more
The organization has already held talks with a Texas congressman. Thanks to its robust economy, the region has the potential to influence bitcoin adoption. Dennis Porter, CEO of the Satoshi Action Fund (SAF), recently spoke at the Texas Blockchain Council about his proposal to create a strategic bitcoin reserve in the area. During his speech, … Read more
Cryptocurrency adoption continues to rise in Argentina due to several years of high inflation. The project seeks to allow the BCRA to decide how much of its reserves it will store in bitcoin. Argentine deputy Martín Yeza used the social network The congressman, a member of the Republican Proposal (PRO) party, has presented the initiative … Read more
“We need your immediate help to show legislators why they should support legislation to establish a Strategic Bitcoin Reserve,” reads the petition made by the Satoshi Act Fund, an organization that has been making efforts to get US politicians draft favorable laws for bitcoin. In a few days More than 120,000 letters have been sent … Read more
The biggest winner of the US elections was bitcoin, according to the analyst. Given the limited supply of bitcoin, he says its price could see high bullish volatility. There are reasons to expect much higher prices for bitcoin (BTC), according to analyst Sean Brodrick. The rise to new records, which the asset has had since … Read more
Wyoming US Senator Cynthia Lummis is proposing that the United States sell part of its gold reserves to finance the purchase of 1 million bitcoin (BTC), representing approximately 5% of the total BTC supply in circulation. In one interviewLummis explained that they already have “the financial assets in the form of gold certificates to convert … Read more
“Despite being at all-time high prices, it is still a very opportune time to buy bitcoin (BTC).” This is according to a new analysis by the investor author of the newsletter “The Value Edge”. Many skeptics will remain hesitant to buy at all-time highs, thinking that such a volatile asset may be on the verge … Read more