El Salvador's president, Nayib Bukele, declared on his Twitter account that his country will not sell the alleged reserves of bitcoin it owns, even though its value has exceeded $60,000.
In his words: "We will not sell, of course, in the end 1 BTC = 1 BTC (this was true when the market price was…
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reserves
The U.S. had a surge in its oil reserves
Commercial oil reserves in the United States experienced an unusual increase of 1.3 million barrels over the past week, altering market projections. As reported by the U.S. Energy Information Agency (EIA) last Wednesday, this change defies…
Dollar in Argentina continues to rise
On October 4, the various dollar quotes that coexist in Argentina reached historical records. In particular, the parallel or "blue" dollar, which savers turn to due to restrictions on acquiring foreign currency in the official market,…
Tether has a reserve surplus of $2.44 billion
Tether Holdings Limited released its assurance report for the first quarter of 2023, reaffirming the accuracy of Tether's Consolidated Reserves Report (CRR). The CRR introduces additional categories to increase transparency in information…
The US will release 50 million barrels of oil
Joe Biden, president of the United States, issued instructions to release 50 million barrels of oil from the country's reserves, with the purpose of mitigating the increase in fuel prices.
Biden is working in coordination with a group of…
USDC to consolidate capital in cash and Treasury bonds
Coinbase President and Chief Operating Officer Emilie Choi reported that the reserves that support the USD Coin (USDC) stablecoin will be fully secured in cash and US government treasury bonds.
This was established by the CENTER…
Exchange Kraken will be able to operate as a crypto bank in Wyoming
The international exchange Kraken has announced the new powers acquired in Wyoming at the United States, as the first financial entity to operate with cryptocurrencies in that state, as reported by the company in a statement.
It is known…
Panama Canal settles payment for water use
The Panama Canal began this Saturday to charge a fixed amount of up to 10 thousand dollars for the use of fresh water as well as a transit itinerary registration fee from 1,500 to 5,000 dollars, in order to face the shortage of the water…
China’s reserves approach $ 3.1 billion
The State Administration of Foreign Exchange (SAFE) indicated that China's foreign exchange reserves grew to $ 3.108 billion.
The balance of 2019 with respect to the savings of the Asian nation showed a growth of 35.212 million dollars.…
Economic tensions with the US trigger the purchase of gold in Russia and China
According to the figures released by the World Gold Council (WGC), in the first quarter of the year the world's central banks were quoting 374.1 tons of this metal, with 93% more compared to last year, which is reflected as the largest…
Ecopetrol starts fracking pilot plan in Colombia
Colombia started the fracking pilot plan through state-owned Ecopetrol. The president of the oil company Felipe Bayón elaborated a summary of the aspects that were considered in the preliminary study, which included the "current situation…
Russia will invest part of its reserves in bitcoins
The Russian economist Vladislav Ginko, a member of the Russian Presidential Academy of National Economy and Public Administration, announced on Friday that the government plans to invest part of its reserves in bitcoins. With this measure…