Treasury Financial News

26.05 / 05:11

Treasury Bitcoin Bitcoin Price Busy bitcoin births new breed of crypto

bitcoin blockchain. Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak in 2017. Bitcoin's dominance, or its share of the overall $1.16 trillion cryptocurrency market, has swelled to 44% from 38% at the start of the year. What's going on? Enter BRC-20, the first class of crypto tokens to be built on the bitcoin blockchain, besides bitcoin itself. Nearly 25,000 of the experimental coins have already been minted this year, sending transactions through the roof.

04.05 / 18:13

CBDC Federal Reserve Treasury North Carolina House Passes Bill Banning State Agencies From Accepting CBDCs

The North Carolina House of Representatives passed a bill that would ban state agencies from accepting payments in central bank digital currencies.

28.02 / 08:55

Reserve Bank of India IMF Finance Ministry Treasury Ponzi Support India's push to regulate crypto gains IMF, U.S. support at G20

India has said it wants a collective global effort to deal with problems posed by cryptocurrencies such as bitcoin, and the finance ministry said it had held a seminar for G20 member states to discuss how to come up with a common framework. Speaking to Reuters on the sidelines of the G20 meeting in Bengaluru, U.S. Treasury Secretary Janet Yellen said it was «critical» to put in place a strong regulatory framework but added that the United States had not suggested any outright bans. «We haven't suggested outright banning of crypto activities, but it is critical to put in place a strong regulatory framework,» Yellen said. «We're working with other governments.»

17.11 / 14:05

regulation Fed Treasury US Treasury Secretary Janet Yellen Says Crypto Markets Need More ‘Effective Oversight’ Following FTX Implosion

As the collapse of major exchange FTX continues to fuel a bearish mood throughout the cryptosphere, US Treasury Secretary Janet Yellen has called for the introduction of tighter regulations for the crypto industry.

22.07 / 09:03

Tesla Treasury Bitcoin Tesla sells majority of Bitcoin after turbulent crypto foray

Tesla Inc. sold a significant chunk of its stake in Bitcoin, an investment that helped legitimize the world’s largest electronic currency. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” Tesla said in a shareholder letter Wednesday as part of the company’s earnings report. “Conversions in Q2 added $936M of cash to our balance sheet.” The electric-car manufacturer disclosed in February 2021 that it had invested $1.5 billion in Bitcoin, and subsequently sold 10% of its stake that April. Tesla said Wednesday its digital assets have shrunk to $218 million, and that a Bitcoin impairment hurt second-quarter profitability.

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