Microsoft shareholders vote ‘no’ on Bitcoin reserve
During its annual meeting on Dec. 10, Microsoft shareholders voted down a proposal to allocate a portion of the company’s balance sheet to Bitcoin. The resolution was introduced by the National Center for Public Policy Research (NCPPR), a Washington, D.C.-based pro-market think tank, which framed the move as a way to enhance shareholder value through […]
Ray Dalio Warns of Global Debt Crisis, Backs Bitcoin and Gold
Billionaire investor Ray Dalio has voiced serious concerns about an impending global financial crisis tied to unsustainable levels of debt, urging a pivot toward hard assets like Bitcoin and gold. Speaking at a financial conference in Abu Dhabi, Dalio, founder of the prominent hedge fund Bridgewater Associates, warned of a “pending debt money problem” and […]
Changpeng Zhao Predicts China’s Inevitable Move to Establish a Bitcoin Reserve
Former Binance CEO Changpeng “CZ” Zhao suggested that China might eventually establish a strategic Bitcoin reserve, potentially following the lead of the incoming United States presidential administration. Speaking at the Bitcoin MENA conference in Abu Dhabi on Dec. 9, Zhao predicted that smaller countries would likely adopt Bitcoin reserves first, but emphasized that China’s approach […]
El Salvador Proposes Bitcoin Policy Reforms to Unlock $1.3B IMF Loan
El Salvador, renowned as the first nation to adopt Bitcoin as legal tender, appears to be re-evaluating its stance on cryptocurrency under mounting pressure from the International Monetary Fund (IMF). The country is reportedly in discussions to secure a $1.3 billion loan from the IMF by agreeing to amend its Bitcoin Law. According to sources […]
Bitcoin Surge Predicted to Persist Through 2025 — Analyst
Bitcoin has achieved a significant milestone, surpassing the $100,000 mark for the first time on Dec. 6, marking a historic moment in the cryptocurrency’s journey. This remarkable rise comes despite lackluster performance across traditional markets. Over the past month, Bitcoin’s value climbed by 32%, contrasting sharply with declines in other key assets such as oil, […]
MicroStrategy Adds 21.5K Bitcoin Amid Record-High Prices
MicroStrategy, a major corporate Bitcoin investor, continues to amass BTC despite the cryptocurrency reaching unprecedented highs, surpassing $100,000. Between December 2 and December 8, MicroStrategy added 21,550 BTC to its reserves, investing $2.1 billion at an average price of $98,783 per Bitcoin, as revealed in a December 9 announcement. By December 8, the company’s Bitcoin […]
National Center for Public Policy Research Suggests BTC Treasury Strategy for Amazon
The National Center for Public Policy Research, a free-market think tank based in Washington, D.C., has submitted a proposal to Amazon urging the company to consider incorporating Bitcoin into its corporate treasury. This suggestion is slated for discussion during Amazon’s shareholder meeting in April 2025. In the proposal, the think tank criticized the Consumer Price […]
El Salvador’s Bitcoin Profits Exceed $300M — President
Salvadoran President Nayib Bukele recently took to social media to highlight the country’s substantial unrealized profits from its Bitcoin holdings after the cryptocurrency hit an unprecedented milestone of $100,000. On December 5, Bitcoin broke past the $100,000 mark for the first time, setting off celebrations across the global crypto community. That day, a popular crypto-focused […]
US Bitcoin ETFs Surpass Satoshi Nakamoto’s BTC Holdings
In a historic achievement, the United States’ spot Bitcoin exchange-traded funds (ETFs) have now amassed more Bitcoin than the cryptocurrency’s mysterious creator, Satoshi Nakamoto. Since the launch of spot Bitcoin ETFs in January 2023, these funds have surpassed 1.1 million BTC for the first time. Bloomberg’s ETF expert, Eric Balchunas, shared the milestone on December […]
SEC Expected to Deny Applications for Spot Solana ETFs — Report
The U.S. Securities and Exchange Commission (SEC) is poised to reject several applications for spot Solana exchange-traded funds (ETFs), according to reports. Fox News reporter Eleanor Terrett shared that the SEC has already informed at least two of the five companies seeking approval for Solana ETFs. Terrett mentioned on December 6 that the prevailing sentiment […]