Russia said it was withdrawing from an international agreement that allowed Ukraine to resume much of its Black Sea grain exports, raising concerns about a key link in the global food supply chain. Kremlin spokesman Dmitry Peskov said the deal had been terminated but that Russia would rejoin the agreement if its demands were met,
BlackRock, the world’s largest asset manager with nearly $9 trillion in assets under management, has made significant strides toward embracing bitcoin, as indicated by its recent filing for a spot bitcoin exchange-traded fund. The company’s decision to take steps to offer its clients exposure to the digital asset is likely to bring a surge of
There have been two iron rules of Bitcoin’s four-year price cycles: The bear market low never goes below the prior peak. Each bull market delivers less upside than the cycle before it. In November 2022, we broke rule #1 (the $15k price bottom was below the $20k peak from 2017). I’m starting to think we
A division of the Federal Reserve Bank of New York has concluded a monthslong test on the viability of a digital dollar, according to Bloomberg. The experiment, carried out at the Fed’s New York Innovation Center, focused on a technology called a regulated liability network, which allows banks to issue digital money representing their customers’
“My plan would be to start very, very small, perhaps 1% of issued T-bills would be backed by hard currency, by gold, silver platinum or bitcoin,” Kennedy said, describing his vision for returning to a hard currency standard in the U.S. He added that, depending on the outcome of that initial step, he would increase
Spot Bitcoin exchange-traded fund (ETF) applications from several firms have been published in the Federal Register, moving them one step along in the United States Securities and Exchange Commission’s (SEC) process. According to records updated July 19, the Federal Register received notices of proposed rule changes allowing Bitcoin (BTC) ETF applications from BlackRock, Fidelity, Invesco