Articles for tag: Bitcoin initiative, bitcoin reserves, central banking, Cryptocurrency Volatility, Financial Stability, liquidity concerns, Swiss National Bank

April 26, 2025

Swiss National Bank Dismisses Proposal to Include Bitcoin in Reserves, Reinforcing Traditional Currency Focus

The Swiss National Bank has decided against holding bitcoin reserves due to worries about Market liquidity and volatility. President Martin Schlegel expressed that cryptocurrencies do not meet the bank’s high standards for currency reserves, especially during times of crisis when liquidity can be questioned. The Bitcoin Initiative, which advocates for adding bitcoin to Switzerland’s treasury, ...

April 26, 2025

Market News

Crypto

Swiss National Bank Dismisses Proposals to Include Bitcoin in Reserves, Upholding Traditional Financial Stability Policies

The Swiss National Bank (SNB) has decided against holding bitcoin as part of its reserves. SNB President Martin Schlegel expressed concerns about the liquidity and volatility of the cryptocurrency Market, stating that these factors do not meet the bank’s high standards for currency reserves. Despite arguments from the Bitcoin Initiative suggesting that adding bitcoin could ...

April 20, 2025

Market News

Crypto

Understanding Bitcoin: What It Is and How It Works for Beginners and Beyond

Bitcoin, created in 2009, is the first decentralized digital currency that allows users to transfer money online without banks or third parties. It operates on blockchain technology, ensuring secure and permanent transactions verified by miners. Unlike traditional currencies, Bitcoin has a capped supply of 21 million coins, making it resistant to inflation. Many view it ...

April 13, 2025

Market News

Crypto

Gold and Bonds’ Safe Haven Appeal Diminishes as Bitcoin Gains Traction in Investment Markets

In today’s unstable financial climate, the concept of “safe haven” assets is being challenged. Traditionally, investors relied on gold and government bonds for stability. However, with increasing Market volatility and geopolitical tensions, many are reconsidering these assets’ reliability. Enter bitcoin: a highly volatile and often misunderstood alternative that has surged over 1,000% since the COVID-19 ...

April 5, 2025

Market News

Crypto

Bitcoin Stays Strong Amid $5T Stock Market Losses Due to Record Trump Tariffs

Bitcoin is gaining attention as a potential safe investment amid recent financial instability, especially after a historic drop in the S&P 500, which lost $5 trillion. While the stock Market faced severe declines following President Trump’s announcement of new import tariffs, Bitcoin’s dip was much smaller, showcasing its growing stability as an asset. Experts suggest ...

April 3, 2025

Market News

Crypto

BTC Approaches Death Cross as CNY Drops Amid Trump Tariffs: Impact on Asian Markets and China’s Economic Response

Traders in Asia are feeling cautious today as they await China’s reaction to President Trump’s new tariffs. Trump has announced steep tariffs on goods from 180 countries, imposing a 54% total tax on Chinese imports. This situation puts pressure on China to respond, which could include devaluing the Yuan to make its goods cheaper in ...

March 28, 2025

Market News

Crypto

UAE Plans Digital Dirham Launch by Q4 2025: Transforming Financial Transactions and Embracing Innovation

The United Arab Emirates plans to launch its digital currency, the digital dirham, in late 2025. This new blockchain-based currency aims to enhance financial stability and fight financial crimes, according to the Central Bank’s Governor, Khaled Mohamed Balama. The digital dirham will be accepted alongside the physical dirham across all payment systems, promoting innovative digital ...

March 24, 2025

Market News

Crypto

Bangkok’s Financial Hub Ambitions: Ongoing Doubts and Challenges in Securing Global Investment and Growth Opportunities

Thailand’s cabinet recently approved a Financial Hub bill aimed at boosting its status as a regional financial player. The bill creates a One Stop Authority to regulate fintech and blockchain investments, but it raises concerns about complex regulations and potential impacts on financial stability. Critics, including former finance minister Thirachai, argue it may jeopardize the ...

March 21, 2025

Market News

Crypto

Biopharma Executive Advocates Bitcoin as a Solution for Surviving the Biotech Winter Challenges

Atai Life Sciences, a biopharmaceutical company listed on NASDAQ, believes that cryptocurrencies like Bitcoin could be crucial for the survival of biotech startups facing lengthy regulatory processes. The company, which develops mental health treatments using psychedelics, announced plans to purchase $5 million in Bitcoin. Founder Christian Angermayer noted that drug development is an expensive, long-term ...

March 21, 2025

Market News

Crypto

Swiss National Bank Dismisses Bitcoin Reserve Proposal Despite Support from Trump: What It Means for Cryptocurrency’s Future

The Swiss National Bank (SNB) has rejected the idea of holding Bitcoin as a reserve asset. Vice Chairman Martin Schlegel expressed concerns about Bitcoin’s volatility, security risks, and liquidity issues. This decision contrasts with the rising global interest in Bitcoin from corporations and governments, especially in the U.S. While countries like El Salvador are adopting ...