Méliuz, a Brazilian fintech and publicly traded company, has allocated 10% of its cash reserves to Bitcoin, which represents a substantial advancement in the cryptocurrency sector. Méliuz is now a part of an increasing number of corporations that regard Bitcoin as more than a mere speculative asset. Related Reading: Mt. Gox Stirs The Market With […]
Traders are disappointed the crypto reserve plans won’t add any buying pressure to the market, at least in the near term, with few catalysts to buoy the market.
US President Donald Trump signed an executive order on March 7 establishing a Strategic Bitcoin Reserve (SBR) and a “Digital Asset Stockpile.” Both will initially be capitalized with cryptocurrency seized via government criminal and civil forfeiture proceedings, with future acquisitions possible under budget-neutral conditions. Moments after the news went public, BTC’s price slipped from roughly […]
An X account impersonating Hong Kong’s Chief Executive, John Lee Ka-chiu, launched a fake national cryptocurrency on Solana’s token launchpad Pump.fun. The account promoted the token to its thousands of followers, seemingly aiming to capitalize on the recent Political memecoin frenzy. Related Reading: ‘Pieces’ Of SEC’s Crypto Framework Will Be Established This Year, Commissioner Peirce […]
The U.S. president directed his administration to establish a bitcoin reserve to hold assets the U.S. has seized, and it's setting up a separate crypto stockpile.