Bitcoin should be studied, not feared, says Czech central bank head

The Czech National Bank governor says Bitcoin should be studied, not feared, as the institution considers a Bitcoin test portfolio for potential reserves

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Super Bowl betting, Polish central bank rejects Bitcoin, MicroStrategy rebrands | Weekly Recap

Today's edition of the weekly recap spotlights Poland's stance against Bitcoin reserves, and the scrutiny Kalshi and Crypto.com face ahead of Super Bowl LIX.

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Bitcoin allocation plan could push Czech Republic ahead of UK, Germany: Bitget CEO

Bitget Exchange CEO Gracy Chen has highlighted key developments in the Czech Republic’s approach to Bitcoin. Chen noted that if the Czech National Bank proceeds with its proposal to allocate 5% of its €140 billion foreign reserves into Bitcoin, the…

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Forget the ECB — Czechia Should Embrace Bitcoin on Its Own Terms

The Czech National Bank is considering adding bitcoin to its reserves. It should, regardless of what the European Central Bank thinks about that.

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Czech National Bank advances Bitcoin study for possible reserves

The chances of a European central bank holding Bitcoin reserves have just increased, despite comments from ECB President Christine Lagarde stating that the asset is unsuitable.

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Czech Central Bank to pursue studying Bitcoin reserves despite ECB opposition

The Czech National Bank (CNB) announced plans to explore the potential inclusion of Bitcoin (BTC) in its reserve assets on Jan. 30. The move comes despite European Central Bank (ECB) President Christine Lagarde’s vocal opposition to central banks holding the crypto.

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Lagarde Dismisses Bitcoin Reserves For EU as Czech Republic Explores the Idea

ECB President Christine Lagarde rejects Bitcoin as a reserve asset, while the Czech National Bank explores adding Bitcoin to its financial reserves. The post Lagarde Dismisses Bitcoin Reserves For EU as Czech Republic Explores the Idea appeared first on BeInCrypto.

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Bitcoin not suitable for ECB reserves, says Lagarde

ECB president Christine Lagarde said the bank would not consider holding Bitcoin reserves as sovereign entities rushed toward the asset.

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Czech National Bank To Assess Bitcoin as Part of Reserve Strategy

The CNB approves plan to explore allocating a portion of its €140 billion reserves to Bitcoin.

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Czech central bank approves proposal to explore Bitcoin for foreign exchange reserves

The Czech central bank's exploration of Bitcoin for reserves could signal a shift towards digital assets, impacting global reserve strategies. The post Czech central bank approves proposal to explore Bitcoin for foreign exchange reserves appeared first on Crypto Briefing.

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Czech Central Bank Head Wants To Buy Bitcoin With 5% Reserve Allocation

The Czech National Bank (CNB) is considering a 5% Bitcoin allocation, surpassing its gold reserves. If approved, this move could reshape the future of national reserve assets.

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Czech National Bank governor wants to invest in Bitcoin

If the plan is approved, the CNB could hold up to five percent of its €140 billion reserves in Bitcoin Michl believes the Bitcoin trend will continue even without the Trump administration The governor said he’s open to Bitcoin ending up becoming worthless The governor of the Czech National Bank has said that he’ll present […] The post Czech National Bank governor wants to invest in Bitcoin appeared first on CoinJournal.

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Czech central bank mulls Bitcoin to diversify foreign exchange reserves

The Czech central bank's consideration of Bitcoin highlights a growing trend among nations to explore cryptocurrency for economic resilience. The post Czech central bank mulls Bitcoin to diversify foreign exchange reserves appeared first on Crypto Briefing.

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Swiss Bitcoin Initiative: Proposal Seeks to Add Bitcoin to National Reserves

Efforts are underway in Switzerland to amend the Swiss Federal Constitution to mandate the Swiss National Bank (SNB) to hold Bitcoin alongside gold as part of its monetary reserves.

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Bitcoin In Swiss Reserves? Proposal Filed By Swiss Chancellery

A group cryptocurrency advocates in Switzerland has urged the government to consider the addition of Bitcoin in the national reserve. The Swiss Federal Chancellery initiated the process to gain the required number of signatures to push for the amendment of the country’s constitution to allow the Swiss National Bank to build Bitcoin holdings. Related Reading: […]

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Swiss chancellery approves proposal to include Bitcoin in national reserves

Switzerland’s Federal Chancellery has approved the formal submission of the “Bitcoin Initiative,” a proposed constitutional amendment that would require the Swiss National Bank to hold part of its reserves in Bitcoin (BTC).

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New Initiative Aims to Add Bitcoin to Balance Sheet of Swiss National Bank

Adding Bitcoin to SNB's reserves would require changing federal constitution

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Former finance minister urges German central bank to consider Bitcoin as a reserve asset

Former German Finance Minister Christian Lindner has advocated for including cryptocurrencies like Bitcoin in the European Central Bank and Bundesbank reserves to strengthen financial resilience and keep pace with global trends.

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EU Parliament Member pushes for a strategic Bitcoin reserve and says ‘no’ to digital euro

French Parliament Member, Sarah Knafo, urges the EU to ‘bet on Bitcoin’ by building national strategic Bitcoin reserves while rejecting the central bank’s plan for a digital euro. In a video shared on her X account on Dec. 17, Knafo…

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Missouri introduces bill to ban CBDCs, improve gold reserves

The Missouri Senate has introduced a bill to prohibit central bank digital currencies as legal tender while encouraging the state to hold more of its reserves in gold and silver. Known as SB 194, the legislation was filed on December…

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Bitcoin: How falling U.S. bank reserves might boost BTC price

A temporal fall in US bank reserves expected could boost BTC. Price action looking good as BTC dominance continues. Bitcoin [BTC] is poised for higher prices as market conditions indicate a The post Bitcoin: How falling U.

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BIS teams up with Bank of England to monitor stablecoin reserves

The Bank for International Settlements has announced a joint project with the Bank of England aimed at tracking stablecoins’ reserves. The Bank for International Settlements Innovation Hub in collaboration with the Bank of England announced a new joint pilot aimed…

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BIS, Bank of England unveil Project Pyxtrial for stablecoin monitoring

The proof-of-concept showed that real-time monitoring of stablecoin reserves could be achieved with cooperation among regulators, technologists and issuers.

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Paxos partners with Singapore’s DBS bank for stablecoin custody

Paxos taps DBS Bank for stablecoin reserve custody, marking the bank's first foray into holding stablecoin reserves.

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Swiss Central Bank Urged to Add Bitcoin to Balance Sheet

A group of Bitcoin advocates in Switzerland are urging the country's central bank to add Bitcoin to its reserves. They aim to hold a referendum to amend the constitution to require Bitcoin reserves.

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Basel Committee to consider disclosure requirements for banks’ crypto assets

The committee already imposes a limit on crypto holdings in bank reserves, but the concentration of crypto in a small number of banks contributed to the March crisis, it said.

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EU Central Bank Could Soon Hold Stablecoin Reserves, Says Circle Director

Proposals by the European Commission aim to allow non-banks access to payment systems, enhancing stablecoin regulations.

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Zimbabwe Central Bank Prepares To Roll Out Gold-Backed Digital Token

The Reserve Bank of Zimbabwe (RBZ) has expressed its desire to establish a new form of digital money known as the Gold-Backed Digital Token (GBDT). This digital currency will be underpinned by gold bullion reserves held by the central bank.

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Circle Relying on $1B Cash Reserves Amid Shrinking Supply and Heated Competition 

Circle is using its $1 billion cash reserves to counter a decline in USDC supply and compete with new entrants in the stablecoin market. The firm attributes the decline to Binance's withdrawal and a crisis of confidence following exposure to the bankrupt Silicon Valley Bank.

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Binance sold USDC for BTC & ETH after Silvergate bank collapse: PoR report

Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call.

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USDC Market Cap Dips By $10 Billion In 2 Weeks – Here’s Why

USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors have continued to withdraw their assets from the stablecoin despite assurances from issuer Circle about its reserves.

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Circle Reserves worth $3.3B at SVB to be 'fully available' soon

$3. 3B in USDC reserve deposits held at the failed SVB will be fully recovered when banks reopen in the U. S Circle also announced new partnership with the Cross River Bank Popular stablecoin The post Circle Reserves worth $3.

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100% Of USDC Reserves Are Safe As U.S. Gov’t Bails Out Silicon Valley Bank

The financial sector has endured a few chaotic days. In particular, for USDC stablecoin and Silicon Valley Bank and its stakeholders, since the lender swung from being presumed robust and profitable to being shut down by authorities in less than 48 hours.

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Circle Scrambles to Right USDC After Signature Bank Failure

Circle Internet Financial’s $3. 3 billion cash reserves problem was seemingly solved Sunday when federal regulators promised that depositors of failed Silicon Valley Bank would be made whole in short order.

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USDC bounces back toward $1 peg after Fed announcement

Positive developments concerning Circle's $3.3 billion worth of reserves held at Silicon Valley Bank and its new banking partners have seen USDC climb back toward its $1 peg.

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USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank

Stablecoin issuer Circle disclosed late Friday that around $3. 3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits by nervous consumers.

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Circle says $3.3B of USDC reserves stuck at Silicon Valley Bank

Circle said it failed to remove $3. 3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows of $0. 91 on Saturday morning.

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Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday.

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Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown

Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank.

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Circle’s exposure to US banks could top $9B

Circle’s reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank and Bank of New York Mellon.

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Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

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Unstablecoins: Depegging, bank runs and other risks loom

Stablecoins are facing the wrath of regulators amid doubts over reserves and contagion fears. Could a bank run lead to a major depegging?

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US Bank Regulators Issue Fresh Warning on Crypto Liquidity Risks

US banking regulators warn of liquidity risks from crypto clients. Stablecoin reserves could experience large and rapid outflows, caution the Federal Reserve, FDIC, and OCC. The post US Bank Regulators Issue Fresh Warning on Crypto Liquidity Risks appeared first on BeInCrypto.

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Chainlink, TrueUSD Start Real-Time ‘Mint Lock’ Verification of Stablecoin Reserves

The key is to get information from the bank account where the stablecoin’s reserves are kept to the blockchain-based smart contract that controls issuance of new TUSD.

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BIS exploring ways to monitor stablecoin reserves

The Bank for International Settlements (BIS) is prioritizing the focus on stablecoins and Central Bank Digital Currencies (CBDCs) in its forthcoming endeavors.

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Binance Controversy Continues As Experts Warn Of Serious Fallouts Due To FUD

Binance rumors were the all-dominant topic last week after the FOMC meeting. Rumors of insufficient proof of reserves and the pullback from accounting firm Mazars, allegations of a bank run and insolvency, as well as CZ’s interview on CNBC have dragged the Bitcoin and crypto sentiment and prices down.

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CryptoQuant: massive withdrawals has no effect on Binance

CryptoQuant claims that despite the recent decline in Bitcoin reserves, Binance's holdings have grown by 24% since the FTX bank run last month.

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Bermuda-based bank releases USD-pegged stablecoin

Bermuda’s first digital asset bank, Jewel, launched a stablecoin JUSD at the Polygon network. The company will release quarterly reporting on its reserves. On Monday, Jewel announced in a Twitter post that it would release a Polygon-based stablecoin dubbed Jewel…

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Kucoin On The Spot For Holding Nearly One-Fifth Of Its Reserves In Its KCS Token

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