Donald Trump announced plans to create a strategic bitcoin reserve in the US to outpace other countries, including China. The idea was supported by Senator Cynthia Lummis, who proposed purchasing 1 million bitcoins over 5 years to reduce the US national debt. Russia is also considering creating a similar reserve after its assets were frozen in the West. These events are fueling forecasts of a sharp rise in the price of bitcoin.
12/16/2024 12:58:51 PM (GMT+1)
Donald Trump announced the creation of a strategic bitcoin reserve in the US to outpace China, while Russia is considering a similar move after its assets were frozen by the West 🚀
571
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The U.S. Department of the Treasury holds meetings with leading crypto-custodial companies, including Anchorage Digital, to discuss secure storage of the national Bitcoin reserve and next steps
Ripple receives the first regional license from the Dubai Financial Services Authority to provide regulated crypto payments and services in the Dubai International Financial Centre
Coinbase resumes operations in India after obtaining approvals from the Financial Intelligence Unit (FIU), with plans to launch retail services and expand its crypto platform in 2025
Microsoft is developing its own AI models and testing alternatives to OpenAI to compete in the technology space, investing $14 billion and hiring industry experts
The Cardano Foundation enters into a strategic partnership with SERPRO to implement blockchain technologies in Brazil's public sector and train 8,000 employees
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
Senator Tim Scott proposes a bill to exclude "reputational risk" in banking regulations, with the goal of stopping the de-banking of cryptocurrency companies and legal businesses
