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…
Read More...
Browsing Tag
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…