According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve. This idea sparked a response from economist and gold bug Peter Schiff, who shared his perspective on the concept of a BTC reserve. Trump’s Transition Reportedly Eyes Bitcoin Reserve, Schiff Fires Back at Fiscal Misstep On Thursday, […]
Billions in Settlements Disrupted, Blockchain Gaming Boom, and More — Week in Review
Recent Western sanctions have disrupted over $ 55 billion in trade settlements between Russia and Turkey. Cameron Thacker of Mythical Games believes the current blockchain gaming surge is more stable, as it focuses on better user experiences rather than hype. In the UK, a new bill recognizes digital assets like bitcoin as personal property. …
Germany’s BTC Wallet Sees Inflows, Mt Gox Moves Billions, US Gov Transfers $13.6M Unnoticed
Approximately 14 hours ago, the German government sold roughly $ 175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin Divestment Followed by Inflows From Major Exchanges This movement, along with transactions involving large bitcoin wallets like those of …
JPMorgan: Ant International Processes Billions of Dollars Using JPM Coin
A JPMorgan report reveals that JPM Coin has processed billions of dollars seamlessly with Ant International, the global arm of Ant Group, which owns and operates Alipay. The report emphasizes plans for client-hosted blockchain nodes, currently controlled by JPMorgan, to increase decentralization and direct client connectivity. JPMorgan Explores Programmable Banking and Payments With JPM Coin […]
Bitwise CIO Estimates Spot Ether ETPs Will Attract Billions: ‘Not a Casual Guess’
Bitwise CIO Matt Hougan has predicted that spot ether-based exchange-traded products (ETPs) will have a favorable performance in financial markets when finally trading. Hougan estimates that these products will have net flows of $ 15 billion during their first 18 months of trading, taking into account the size of the ether ETP market in …