News with the tag "reserve"

Strive Enterprises is eyeing a calculated bet on bitcoin BTC discounts. The Ohio-based financial services firm said it struck a strategic partnership with 117 Castell Advisory Group to buy distressed bitcoin claims, specifically those with confirmed legal judgments and pending distributions. Among t...

The dollar is falling way too fast. On Wednesday, the Bloomberg Dollar Spot Index dropped by 0.4%, logging its third straight day of losses and hitting its lowest point in two weeks. Traders across the globe are watching the G7 meeting this week, expecting signs that President Donald Trump’s adminis...

Panama City Mayor Mayer Mizrachi has sparked speculation about the city creating a Bitcoin reserve, following a cryptic social media post after meeting with two of El Salvador’s leading Bitcoin strategists. “Bitcoin Reserve,” Mizrachi wrote on X on May 16, shortly after sitting down with Max Keiser ...

Bitcoin held firm above the six-figure mark this week, supported by a cautiously optimistic market, though momentum stalled by week’s end as new catalysts failed to emerge. Broader market growth continued, with the total crypto market cap rising 2.4% to $3.42 trillion by Friday. Sentiment cooled onl...

Brazil’s Méliuz has taken a bold step by adding Bitcoin to its corporate treasury. The fintech firm, the first in the country, spent $28.4 million to buy 274.52 BTC at an average price of $103,604 each. Now, its total stash stands at 320 BTC, worth more than $33 million today. Shareholders Give Gree...

Jerome Powell has told the Federal Reserve to start cutting jobs. In a memo obtained by Bloomberg , Powell said the central bank will lower its workforce by 10% over the next two years. That would mean reducing its nearly 24,000 employees to under 22,000, using what he called a “voluntary deferred r...

The US dollar held steady on Wednesday after recording its steepest decline in over three weeks in yesterday’s session. On the other hand, gold prices have declined against the backdrop of a cooling investment spree, buoyed by the improving China-US trade relationship. In the crypto market, Bitcoin’...

President Donald Trump’s job approval has inched up to 44%, based on new polling data gathered by Reuters/Ipsos that ended on Tuesday, as fewer Americans now believe the economy is falling apart. The results show a two-point increase from a similar survey run between April 25 and 27, where Trump sat...

Bitcoin (BTC) remained largely stable after the release of the US Consumer Price Index (CPI) for April 2025, which came in below expectations. The data suggests inflation is continuing to cool, a potentially positive sign for risk-on assets like BTC. Bitcoin Makes Minimal Move After April CPI Data T...

Michigan has officially declared May 13 as Digital Asset Awareness Day, just months after it had joined 30+ U.S. states in the Bitcoin reserve race. The Michigan House of Representatives has officially adopted House Resolution 100, declaring May 13 as Digital Asset Awareness Day across the state. “D...