A lawmaker in the Ohio House of Representatives has introduced a bill proposing the creation of a Bitcoin fund within the state treasury, making Ohio the third U.S. state to explore such an initiative. Ohio Enters the Bitcoin Debate In Ohio, Representative Derek Merrin introduced House Bill 703, also known as the “Ohio Bitcoin Reserve […]
Dollar Holds Strength Before Fed Meeting, Pound Gains on Wage Data
The U.S. dollar rose on Tuesday ahead of the Federal Reserve’s final policy meeting of 2024, while sterling remained firm, buoyed by better-than-expected earnings data. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, was trading 0.2% higher at 106.740, near a three-week high. Dollar Sustains Strength Ahead of […]
Japanese Lawmakers Call for Creation of Bitcoin Reserves and Adoption of Innovative Policies Inspired by DOGE
Japan is the most recent country to be called upon to study the feasibility of setting up a Bitcoin Strategic Reserve. This proposal comes in the wake of global interest in Bitcoin reserves gaining momentum, particularly in the wake of Donald Trump’s election victory in the United States. Japan Explores Bitcoin Reserves On December 11, […]
Dollar Falls Before Fed Meeting, Euro Loses Ground as Well
The U.S. dollar declined on Monday, although it stayed near a three-week high ahead of the Federal Reserve’s final policy meeting of the year. Meanwhile, the euro lost ground following data showing mixed regional economic activity. The Dollar Index, which tracks the U.S. currency against a basket of six other currencies, traded 0.1% lower at […]
Microsoft Rejects Bitcoin: Shareholders Decline Proposal to Allocate Cryptocurrency to Treasury
Microsoft is not ready to incorporate Bitcoin into its corporate treasury, as shareholders voted against a proposal influenced by Michael Saylor’s recommendations and the success of his company, MicroStrategy. The tech giant, best known for its Windows operating system, has opted not to invest in Bitcoin. During a shareholder meeting on Tuesday, Microsoft’s partners voted […]
Dollar Rises in View of CPI, Euro and Yuan Depreciate
The U.S. dollar strengthened on Wednesday, driven by anticipation of the November consumer inflation report. This pressure weighed on the euro and British pound, while the Chinese yuan retreated following reports that Beijing is considering measures to weaken its currency. The dollar index, which measures the greenback against a basket of six other major currencies, […]
Dollar Rises on CPI Expectations, Euro Awaits ECB Meeting
he U.S. dollar edged higher on Tuesday, trading within tight ranges ahead of the highly anticipated November consumer inflation report, while the euro weakened slightly in anticipation of the European Central Bank’s upcoming meeting. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.2%, trading at 105.995. CPI […]
Amazon Shareholders Urge Company to Invest 5% in Bitcoin
Amazon shareholders are urging the company to consider investing 5% of its treasury assets into Bitcoin, mirroring the approach adopted by MicroStrategy to hedge against fiat inflation and enhance shareholder value. The proposal was submitted by the National Center for Public Policy Research (NCPPR), a think tank that promotes free-market principles, and has been widely […]
U.S. Stock Markets Down, Watch Out for Inflation
U.S. stock index futures were slightly lower on Monday as investors consolidated recent gains ahead of the release of key inflation data this week, seeking more clarity on interest rates. Futures dipped after Wall Street indexes hit record highs on Friday, driven by a tech stock rally, while better-than-expected nonfarm payrolls data did little to […]
Dollar Dips Before CPI, Euro Pending ECB Meeting
The U.S. dollar eased slightly on Monday following last week’s jobs report, which signaled another Federal Reserve rate cut at the end of this month. However, losses were minimal amid renewed uncertainty in the Middle East. In early trade, the dollar index, which tracks the greenback against a basket of six other currencies, was trading […]