appleandroid
light

Language

  • English
  • Română

Currency

  • $ USD
  • € EUR
news-imageDecember 19, 2024

Bitcoin drops below $100,000 after Fed Chair Powell's comment against BTC reserve

Powell said on Wednesday that the central bank is not allowed to hold bitcoin and has no plans to change the law.
Publisher: The Block
Sentiment: Negative
BTC

More News Articles

Positive
cover-imageThe Currency Analytics
December 19, 2024

BlackRock's Bitcoin and Ethereum ETFs See Historic $860 Million Inflows in 24 Hours

BlackRock's Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) witnessed a remarkable $860 million surge in just 24 hours. This surge underscores the growing interest from institutional investors in crypto-backed financial products, signaling a major shift in how traditional financial markets are engaging with digital assets.

Negative
cover-imageTokenpost
December 19, 2024

El Salvador Limits Bitcoin Use in $1.4B IMF Agreement Amid Debt Reduction Goals

El Salvador will limit its Bitcoin mandates, reducing public sector activity and merchant obligations under a $1.4 billion IMF loan agreement aimed at lowering its debt-to-GDP ratio. IMF Loan Prompts El Salvador to Limit Bitcoin Use As part of a $1.4 billion loan deal with the International Monetary Fund, El Salvador is going to limit public sector engagement in Bitcoin-related economic activities, make merchant adoption of Bitcoin voluntary, and unwind its involvement in the little-used Chivo wallet.

Negative
cover-imageCoinPedia
December 19, 2024

Fed's Anti-Bitcoin Stance Triggers Major Crypto Market Sell-off

Today, December 19, 2024, the overall cryptocurrency market is experiencing notable losses, with major cryptocurrencies like Bitcoin (BTC), Solana (SOL), Ethereum (ETH), and XRP seeing significant price declines over the past 24 hours. A potential reason for this drop is the recent Federal Reserve rate cut meeting.

Positive
cover-imageBitcoinist
December 19, 2024

Metaplanet Turns To Bitcoin With Massive 4.5 Billion Yen Bonds

Metaplanet Inc., a publicly traded company on the Tokyo Stock Exchange, is ramping up its efforts to build its Bitcoin portfolio. According to multiple reports, the Japanese Bitcoin consulting company has issued ¥4.5 billion ($30 million) in zero-interest bonds to finance its Bitcoin acquisition strategy.

Positive
cover-imagePYMNTS
December 19, 2024

Bitcoin's Record Rally Catches Eye of Luxury Brands

With bitcoin rising, the luxury world is reportedly showing more interest in allowing cryptocurrency payments. As Reuters reported Wednesday (Dec. 18), until recently just a handful of brands — including Gucci and LVMH watch labels Hublot and Tag Heuer — had permitted crypto payments.

Negative
cover-imageThe Motley Fool
December 19, 2024

Why Major Cryptocurrencies Wilted on Wednesday

On Wednesday, there was a distinct stumbling-near-the-finish-line quality to the crypto market. Although the Federal Reserve's rate cut announced that day was welcome, if expected, speculation about future slices wasn't as encouraging.

Positive
cover-imageCoingape
December 18, 2024

BOB L2 Taps Babylon To Secure Transactions with Bitcoin As Anchor Chain

BOB (Build on Bitcoin), a hybrid layer two (L2) network, has advanced its mission to position Bitcoin at the center of decentralized finance (DeFi) by integrating with Babylon, a Bitcoin staking protocol. This collaboration enables BOB to secure transactions using Bitcoin as its anchor chain, providing a level of finality and irreversibility unique to the

Positive
cover-imageCryptopolitan
December 18, 2024

Metaplanet records first profit in seven years, driven by Bitcoin strategy

Metaplanet, an investment firm based in Tokyo, is expected to record its first consolidated operating profit in seven years as it continues to improve its financial position. The firm claimed that it has shifted its focus to Bitcoin as the leading cryptocurrency, which has been profitable, especially with the current price increases.

Next Page 1