Thomas Jordan, the Swiss National Bank’s (SNB) Chairman, stated on Friday during a meeting that the central bank is against buying and holding Bitcoin Bitcoin Bitcoin is the world’s first digital cu...
Tag: Reserve
Reserve Rights (RSR) Price Drops To New Yearly Low
Reserve Rights (RSR) has failed to sustain an upward movement that began in March, and has proceeded to drop to a new yearly low. RSR has been increasing alongside an ascending support line since Feb ...
US Dollar Will Remain Global Reserve Currency, Says It ‘Has Great Inertia’ – Economics Bitcoin News
In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the gr...
Know all about one of the world’s most valuable cryptocurrencies the LFG reserve
For the past month, Luna Foundation Guard (LFG) has made headlines as one of the most major bitcoin (BTC) purchases for a new “reserve,” seemingly appearing out of nowhere to scoop up $1.7 billion in ...
What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’
Investors will watch for another gauge of U.S. inflation in the week ahead after the stock market was rattled by the Federal Reserve ramping up its hawkish tone and suggesting large interest rate hike...
Weekend reads: How to position your investments before the Federal Reserve causes a bear market
Do you remember all the times Federal Reserve Chairman Jerome Powell was quoted as saying inflation in the U.S. was “transitory”? With the Fed now ready to fight inflation, the bond market has quickly...
Justin Sun Proposes the Establishment of Tron DAO Reserve and to Launch USDD Stablecoin
Justin Sun, the founder of the Tron blockchain network, is stepping up his responsibility in the broader digital currency ecosystem with the establishment of the Tron DAO Reserve. Sun unveiled the ne...
Luxury Jewelry Brand SFL Maven to Accept Bitcoin Payments, Hold BTC in Reserve
– Advertisement – Luxury Jewelry Brand SFL Maven to Accept Bitcoin Payments, Hold BTC in Reserve. Cryptocurrencies are becoming wildly popular with merchants dealing in luxury goods. Lux...
‘HODL’ mode on as Bitcoin spot exchanges reserve hits a 4-year low
Bitcoin’s (BTC) price has risen beyond the critical $42,000 level on April 21, as the asset continues to gradually climb above resistance levels after briefly testing support below the $40,000 thresho...
Why do Economists think averaging Federal Reserve Monetary will boost crypto and gold?
Common thinking would suggest that if Federal Interest Rates went on to hike, then what would be safe to keep your money? Of course, crypto and gold To fight the uncontrolled and rampant battle agains...
Federal Reserve Monetary Meddling Will Push Crypto and Gold Higher: Economist
A well-renowned economist has predicted that the Federal Reserve interest rate hikes may ultimately result in safe-haven assets such as Bitcoin and gold increasing in value. The U.S. central bank is u...
Former Ripple Advisor Nominated To Serve As Vice Chair of U.S. Federal Reserve
US President Joe Biden is nominating Michael Barr, a former Ripple advisor, to serve as Vice Chair for Supervision of the Federal Reserve. During the Obama Administration, Barr worked as assistant sec...
Terraform Labs ‘Gift’ 10M LUNA Tokens to Luna Foundation Guard as Reserve
LFG has about 42,406 Bitcoin tokens in its reserve, the bulk of assets also includes USDT, USDC, and now LUNA. Terraform Labs, the South Korea-based blockchain startup in charge of the development of ...
Tether plans to reduce commercial debt holdings in its reserve, goes live on Kusama
The leading stablecoin issuer, Tether, is looking to further reduce its commercial debt holdings, according to Tether and Bitfinex CTO Paolo Ardonio. “Over time, we will keep reducing the commercial ...
US Federal Reserve Officially Considering CBDC to ‘Improve Existing Payment Systems’
The U.S. Federal Reserve announced that it is considering a central bank digital currency (CBDC). The bank said that it was the right time to consider a CBDC because technological advancements had com...
Palestinians Could Run Out Of Wheat Reserves In Three Weeks In Ripple Effect Of Ukraine War
A Palestinian volunteer cook distributes food prepared with ingredients obtained from donors, to help needy families in an impoverished neighborhood in Gaza City in January 2021. AFP via Getty Images ...
BlackRock to Manage USDc’s $50 Billion as Custodian Stablecoins Go Fractional Reserve – Trustnodes
The world’s biggest asset manager has just become a bit bigger still, grabbing USDc’s fiat reserves to asset manage. “With the BlackRock partnership, we are expanding on our existing relationship with...
Will Bitcoin Take Over As A Global Reserve Currency To Replace USD: Anthony Pompliano
The founder of Pomp investments has recently appeared in an interview with CNBC, where he talked about cryptocurrencies and a lot more. Regulatory clarity is very important as it gives confidence to...
The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System – Featured Bitcoin News
While many Americans believe the U.S. Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a g...
Luna Foundation Guard to add $100M AVAX tokens to UST reserve
Avalanche’s native token (AVAX/USD), has received overwhelming support after it was announced that it would be added to the reserves backing the UST stablecoin. The Luna Foundation Guard (LFG) Plans t...
Avalanche added to Terra UST reserve and its price surges: here’s where to buy AVAX
Avalanche (AVAX) is still rising one day after a price hike that resulted from an announcement by Terra Luna Foundation that it had added Avalanche to its UST reserve. Avalanche is now the second laye...
Terra (LUNA) Acquiring $100,000,000 of Top Ethereum Competitor After Selecting Bitcoin As Primary Reserve Asset
Public blockchain Terra (LUNA) is buying $100 million worth of Avalanche (AVAX) tokens to boost its Terra USD (UST) stablecoin reserves. Terra says that the agreement between Luna Foundation Guard (LF...
Terra to Purchase $100M Worth of AVAX to Bolster UST Reserve
Luna Foundation Guard (LFG), the team behind the Terra (LUNA) network, is going beyond its Bitcoin (BTC) buying spree after announcing via a tweet on Thursday that it will purchase $100 million worth ...
Stablecoins Present “Bigger” Economic Threat, Says India’s Reserve Bank
An Indian central bank governor said stablecoins presented a bigger threat to economic stability than other cryptocurrencies. He also cited a need for central bank digital currencies (CBDCs) to catch ...
Luna Foundation to Add $100 Million in AVAX to the UST Decentralized Forex Reserve – Bitcoin News
Following the Luna Foundation Guard’s (LFG) purchase of 5,040 bitcoin on Wednesday, the following day the Singapore-based non-profit announced it will be acquiring $100 million avalanche (AVAX) tokens...
AVAX Shoots 7% As Lune Foundation Guard Adds Avalanche to the UST Reserve
Ethereum Layer-1 competitor Avalanche (AVAX) has received a major boost as the Lunda Foundation Guard announced adding $100 million in AVAX to its UST reserves. Following the news, AVAX is trading 7% ...
Luna Foundation Guard buys $100 million in AVAX for UST’s reserve
The Luna Foundation Guard (LFG), a Singapore-based nonprofit building reserves for the stablecoin Terra (UST), announced Thursday that it will buy $100 million worth of AVAX tokens from the Avalanche ...
Federal Reserve may purposely force down crypto prices
Bill Dudley, former president of the Federal Reserve Bank in NY and chief economist at Goldman Sachs, believes that “to be effective, [the Federal Reserve] will have to inflict more losses on stock an...
Terra adds Avalanche to its UST Reserve, the two will partner on a new gaming subnet
The Terra Luna Foundation has added Avalanche (AVAX) to its UST Reserve. Terra has bought AVAX coins worth $100 million making Avalanche the second Layer 1 digital currency to be added to Terra’s UST ...