Tag: Bitcoin

The government of the City of Santa Monica in California is taking a pioneering step in the cryptocurrency education sector with the launch of a new "Bitcoin Office." This initiative, spearheaded by Vice Mayor Lana Negrete, aims to educate residents and businesses about Bitcoin and its role in the modern ...

Binance has announced its plans to convert a series of delisted tokens to USDC starting September 2. This move affects 15 tokens, including Bitcoin Gold (BTG), Monero (XMR), Tribe (TRIBE), Sologenic (SOLO), Spartan Protocol (SPARTA), and Symbol (XYM), among others. These moves reflect Binance's strategy to streamline its offerings and ...

Tokoyo-based Metaplanet Inc. has secured a one billion yen ($6.8 million) loan to further expand its Bitcoin holdings, according to the latest update from the firm.   According to the firm, the loan was secured at an annual interest rate of 0.1% and would be paid back over the course of ...

The International Monetary Fund (IMF) is in talks with the El Salvadoran government to support local policies that will address the country's macroeconomic imbalances and enhance its medium-term growth prospects and resilience. According to a recent statement from the Fund, a mission led by Raphael Espinoza has been engaged in ...

Xapo Bank has introduced a new financial product allowing its UK customers to earn daily interest on their Bitcoin deposits. The interest will be paid in Satoshis, the smallest unit of Bitcoin, with variable rates applicable to balances up to 5 BTC. The bank's new Bitcoin accounts reportedly offer 1% ...

MicroStrategy, the largest corporate holder of Bitcoin and the world's first Bitcoin development company has released its financial results for the second quarter of 2024, which ended on June 30. The company reported that its Bitcoin holdings have reached 226,500 BTC, with a market value now 70% higher than the ...

David Marcus, former president of PayPal and current CEO of Lightspark, has publicly endorsed former President Donald Trump for re-election.  In a post on the social media platform X, Marcus expressed his support for the Republican Party, stating that he had reached this decision after reassessing his views. Marcus, who ...

US Senator Cynthia Lummis has renewed her call for a Bitcoin reserve to help alleviate the US national debt, following the Treasury Department's announcement that the gross national debt exceeded $35 trillion for the first time. This figure marks a dramatic increase from $907 billion four decades ago, according to ...

El Salvador has proposed using Bitcoin for trade with Russia to overcome financial transaction limitations imposed by sanctions. This revelation came from Alexander Ilyukhin, First Secretary of the Russian Embassy in Nicaragua and Head of the Office in El Salvador, in an exclusive interview with State media outlet Izvestia. Ilyukhin ...

Former VanEck advisor Gabor Gurbacs has sparked a provocative discussion about the Federal Reserve's potential adoption of Bitcoin, suggesting it could serve as a hedge against the central bank's own policies. The conversation was ignited by U.S. Senator Cynthia Lummis's recent announcement at the Bitcoin 2024 Nashville conference. Lummis outlined ...