European Banks Struggle to Keep Up with Crypto Investor Demand
A recent survey by crypto investment platform Bitpanda suggests that European banks and financial institutions may be underestimating the growing demand for cryptocurrency services. Despite a surge in crypto adoption, fewer than one in five financial institutions currently offer digital asset products. The study, which surveyed 10,000 retail and business investors across 13 European countries, […]
Senator Cruz Introduces Bill to Block Federal Reserve from Issuing a CBDC
On March 26, U.S. Senator Ted Cruz introduced legislation aimed at preventing the Federal Reserve from creating a central bank digital currency (CBDC). Known as the “Anti-CBDC Surveillance State Act,” the bill seeks to block the Fed from offering services directly to individual Americans—an essential aspect of any CBDC. Cruz’s bill serves as a counterpart […]
GameStop Loses $3B in Market Value Amid Bitcoin Strategy Concerns
GameStop saw nearly $3 billion wiped from its market capitalization on March 27 as investors grew skeptical about the company’s decision to invest in Bitcoin, according to Google Finance data. On March 26, the video game retailer revealed plans to allocate proceeds from a $1.3 billion convertible debt offering toward Bitcoin purchases—a strategy increasingly favored […]