-
Trump Ally Proposes Selling Gold Reserves to Buy Bitcoin, US to Establish "Strategic Bitcoin Reserve"?
Trump Ally Proposes Selling Gold Reserves to Buy Bitcoin, US to Establish "Strategic Bitcoin Reserve"?Amidst Trump's upcoming bid for a second term in the next Congress, his ally, US Senator Cynthia Lummis, has put forward a bold proposal: to establish a "strategic bitcoin reserve" as proposed by Trump, by selling off a portion of the Federal Reserve's gold reserves and using the proceeds to purchase Bitcoin. This plan has sparked heated debate, and market reaction to the proposal has been mixed...
Blockchain 2024-11-15 16:48:31 -
Is Trump Really Good for Bitcoin? Wall Street Journal Columnist: The Three Reasons for Bitcoin Bullishness Are All Wrong
Is Trump Really Good for Bitcoin? Wall Street Journal Columnist: The Three Reasons for Bitcoin Bullishness Are All WrongSince the night of the US presidential election, the price of Bitcoin has skyrocketed, adding nearly $500 billion in market value in less than two weeks, a near one-third increase. However, some market analysts believe that Trump's policies on cryptocurrency may not be good news, and may even lead to an outflow of funds from the Bitcoin market...
Blockchain 2024-11-15 16:26:11 -
Bitcoin Heist Solved: US Computer Expert Sentenced to 5 Years, Wife Also Convicted!
Bitcoin Heist Solved: US Computer Expert Sentenced to 5 Years, Wife Also Convicted!A US computer expert was recently sentenced to 5 years in prison for stealing billions of dollars worth of Bitcoin and laundering part of the proceeds with the help of his wife over several years. This case not only exposes the growing reality of cybercrime but also serves as a warning that digital asset security should not be overlooked...
Blockchain 2024-11-15 15:59:21 -
Trump Ally Proposes US Stockpiling Millions of Bitcoins: A Battle Forged in Fire
Trump Ally Proposes US Stockpiling Millions of Bitcoins: A Battle Forged in FireCynthia Lummis, a Republican Senator from Wyoming and an ally of President-elect Trump, is brewing a bold plan. According to Caixin Global's report, Senator Lummis intends to introduce a bill called the "BITCOIN Act" in the new Congress...
Blockchain 2024-11-15 15:31:59 -
US Computer Expert Sentenced to 5 Years for Stealing Billions in Bitcoin, Plans to Fight Cybercrime After Release
US Computer Expert Sentenced to 5 Years for Stealing Billions in Bitcoin, Plans to Fight Cybercrime After ReleaseOn February 14, 2023, a US computer expert was sentenced to five years in prison for stealing billions of dollars in Bitcoin and, with the help of his wife, laundering a portion of the stolen funds over several years. The defendant in the case, Ilya Lichtenstein, is a Russian-born US citizen who works in business and cryptocurrency investments...
Blockchain 2024-11-15 14:56:40 -
Trump Ally Proposes Selling Gold to Buy Bitcoin, Could the US Build a Crypto Reserve?
Trump Ally Proposes Selling Gold to Buy Bitcoin, Could the US Build a Crypto Reserve?Republican Senator Cynthia Lummis from Wyoming plans to push a proposal named the BITCOIN Act in the next Congress, which would require the US government to purchase 1 million Bitcoins, representing nearly 5% of the cryptocurrency's circulating supply. This proposal has sparked widespread discussion, becoming a prominent issue in American politics...
Blockchain 2024-11-15 13:21:52 -
The Lummis Proposal: Selling Fed Gold to Buy a Million Bitcoins
The Lummis Proposal: Selling Fed Gold to Buy a Million BitcoinsSenator Cynthia Lummis, a Republican from Wyoming, plans to introduce a bill in the next Congress that would sell a portion of the Federal Reserve's gold reserves to create a strategic Bitcoin reserve. The legislation would require the US to purchase 1 million Bitcoin, representing nearly 5% of the outstanding coins...
Blockchain 2024-11-15 11:47:12 -
US Senator Proposes Selling Fed Gold to Fund Trumps Bitcoin Strategy Reserve
US Senator Proposes Selling Fed Gold to Fund Trumps Bitcoin Strategy ReserveOn November 15th, a Senate ally of US President-elect Donald Trump proposed a plan to fund the presidents proposed Bitcoin strategic reserve without increasing the government deficit. Republican Senator Cynthia Lummis of Wyoming plans to introduce the bill in the next Congress, which would require the US to purchase 1 million Bitcoins, representing nearly 5% of the circulating coins...
Blockchain 2024-11-15 11:12:56 -
US Senator Proposes Selling Gold Reserves for 1 Million Bitcoin, Sparking Market Debate
US Senator Proposes Selling Gold Reserves for 1 Million Bitcoin, Sparking Market DebateCynthia Lummis, a Republican Senator from Wyoming and an ally of President-elect Donald Trump in the US Senate, is proposing a bold plan: selling a portion of the Federal Reserve's gold reserves and using the proceeds to purchase 1 million Bitcoin. This proposal is aimed at fulfilling Trump's proposed strategy of establishing a Bitcoin strategic reserve...
Blockchain 2024-11-15 10:12:20 -
The US Establishing a Bitcoin Strategic Reserve: Low Probability, But Potentially A Global Crypto Boom
The US Establishing a Bitcoin Strategic Reserve: Low Probability, But Potentially A Global Crypto BoomProminent cryptocurrency investors believe that the chances of the US establishing a Bitcoin strategic reserve are very low, but if it happens, it could force other countries to buy Bitcoin and potentially trigger a massive surge in global cryptocurrency prices.Michael Novogratz, billionaire CEO of cryptocurrency investment firm Galaxy Digital, says the chances of the US establishing a Bitcoin strategic reserve along the lines of what President-elect Trump proposed are low...
Blockchain 2024-11-15 08:31:34 -
Bitcoin Drops Below $87,000, Plunging Nearly 4% Intraday
Bitcoin Drops Below $87,000, Plunging Nearly 4% IntradayEveryjing AI News: Bitcoin prices have fallen below $87,000, with the cryptocurrency experiencing a near 4% drop in the day. ...
Blockchain 2024-11-15 07:35:14 -
Bitcoin Plunges Below $87,000, Dropping Nearly 4% in a Day
Bitcoin Plunges Below $87,000, Dropping Nearly 4% in a DayBitcoin prices experienced a significant decline today, falling below $87,000 and registering a nearly 4% drop within the day. This drop has sparked concerns in the market about the future trajectory of cryptocurrencies...
Blockchain 2024-11-15 07:22:42
