from X22 Report:
TRUTH LIVES on at https://sgtreport.tv/
BlackRock Bets on Bitcoin: Is the US Dollar Era Over?
from Sputnik News:
BlackRock, the world’s largest asset manager, stated in its latest ad that Bitcoin is no longer a “radical idea” but a legitimate asset, held or used by over 250 million people worldwide. What’s behind the change of heart?
In January 2024, BlackRock introduced the iShares Bitcoin Trust (IBIT), a Bitcoin ETF that swiftly emerged as the largest cryptocurrency fund globally. Notably, BlackRock CEO Larry Fink, who had once labeled Bitcoin as an “index of money laundering,” has recently redefined his stance, describing it as an alternative to gold.
Indian politician calls for Bitcoin reserve pilot as US embraces BTC
by Ezra Reguerra, Coin Telegraph:
The national spokesperson for India’s ruling party called on the country to consider launching a Bitcoin reserve pilot, saying that it would be a strategic step toward economic resilience.
In an article for India Today, Bharatiya Janata Party (BJP) spokesperson Pradeep Bhandari said the US strategic Bitcoin
reserve and Bhutan’s state-led mining operations signal that global finance is shifting toward crypto.
FBI Will “Neither Confirm Nor Deny” The Existence Of Bitcoin-Creator Satoshi’s Records
by Turner Wright, Activist Post:
The United States Federal Bureau of Investigation (FBI) has reportedly responded to a Freedom of Information Act (FOIA) request from a journalist implying that Bitcoin creator Satoshi Nakamoto was a “third party individual” for whom it could neither confirm nor deny it had records.
According to an Aug. 13 X post by investigative journalist Dave Troy, the FBI issued a “Glomar response” to his request for information on Satoshi —- neither confirming nor denying the law enforcement agency had records identifying the pseudonymous Bitcoin creator.
Debt Jubilee, Bitcoin, and the Digital Age
from Reese Report:
TRUTH LIVES on at https://sgtreport.tv/
Russia considering developing a strategic Bitcoin reserve
by Ava Grace, News Target:
The Russian government is exploring the creation of a strategic Bitcoin reserve to enhance the country’s financial stability amid economic sanctions and global financial unpredictability.
Russia argues a Bitcoin reserve is immune to international sanctions and offers an alternative to traditional currency reserves that are subject to inflation and geopolitical pressures.
Bitcoins as an experiment and the new Texas proposal
by Lorenzo Maria Pacini, Strategic Culture:
The transformation of society also passes through certain experiments. In economic matters, something interesting is happening in the U.S. that deserves to be understood.
Bitcoins were the first experiment
To be honest, it must be admitted that when cryptocurrencies were launched more than 10 years ago, probably no one imagined that they would be a real success. Today, on the other hand, they are within everyone’s reach, are used by almost everyone and are also entering the systems of the public administration of states.
🚨 Blackrock Buys 5,802 #Bitcoin
🚨 Blackrock Buys 5,802 #Bitcoin
HOLY SH*T 😆 pic.twitter.com/zUvbKDlHma
— Thomas | heyapollo.com (@thomas_fahrer) October 17, 2024
Strategy Acquires 10,100 BTC, Surpasses 592,000 Bitcoin in Holdings
by Jenna Montgomery, Activist Post:
Strategy buys 10,100 BTC for $1.05B, bringing total holdings to 592,100 BTC—reinforcing its Bitcoin-focused treasury strategy.
Michael Saylor’s Strategy announces it has purchased an additional 10,100 BTC for approximately $1.05 billion, raising its total holdings to 592,100 BTC acquired at an average cost of $70,666 per Bitcoin.
Philippine Congressman Proposes Bitcoin Reserve to Attack National Debt
by Sam Reynolds, Activist Post:
Modeled after oil, maple syrup, and grain reserves, the proposed Strategic Bitcoin Reserve positions BTC as a sovereign asset alongside traditional stockpiles.
What to know:
- A proposed bill in the Philippine Congress aims to create a government-run bitcoin reserve to be locked for 20 years, with funds used only to pay down national debt.
- The bill mandates the purchase of 2,000 BTC annually over five years, totaling 10,000 BTC, to diversify the country’s financial assets.
o m g : The extremely conservative financial giant Charles Schwab is recommending a 10% allocation to #Bitcoin. 🚀🚀🚀
o m g : The extremely conservative financial giant Charles Schwab is recommending a 10% allocation to #Bitcoin. 🚀🚀🚀 https://t.co/AXLmLpoywg
— SGTreport (@SGTreport) December 6, 2024
Japan Eyes Letting Banks Hold and Trade Bitcoin as Crypto Adoption Grows
by Micah Zimmerman, Bitcoin Magazine:
Japan is reportedly considering allowing domestic banks to trade and hold assets like Bitcoin.
Japan’s Financial Services Agency (FSA) is reportedly considering reforms that would allow domestic banks to acquire and hold digital assets, including Bitcoin, for investment purposes.
This would be a drastic move away from the conservative stance established in 2020, when local banks were barred from holding crypto due to concerns over volatility and financial stability.
Under the proposed framework, banks could trade digital assets similarly to stocks and government bonds, with specific safeguards designed to ensure their financial soundness. The FSA plans to develop risk management protocols to mitigate the potential impact of sudden price swings on banks’ balance sheets.
World’s Largest Pension Fund To Diversify Into Bitcoin As BitMEX Sees Price Flash-Crash Below $9,000 Overnight
from ZeroHedge:
Crypto exchange BitMEX is currently investigating “unusual activity” involving large sell orders on its BTC-USDT spot market overnight that sparked a flash-crash dragging the price of BTC (in USDT) down below $9,000 (while the price remained above $66,000 on other exchanges)…
Doesn’t seem like a very smart move for the ‘rogue seller’ to dump over 400 BTC at that time of day into an illiquid market – why not wait until the US BTC ETF market is running its magic and sell into that liqudity?
