Discover the latest insights in Roula Khalaf’s Editor’s Digest, featuring intriguing stories on global finance and cryptocurrency. This week, the discussion revolves around the increasing trend of nations, including Bhutan, amassing bitcoin reserves. Bhutan stands out by mining its own bitcoins using hydropower, contrasting with countries like the US and the UK, which acquire theirs ...
China is reportedly fast-tracking its efforts to form a strategic Bitcoin reserve in response to changing cryptocurrency regulations in the US. The country had previously maintained a ban on domestic cryptocurrency trading and mining since 2021, but now aims to utilize Bitcoin as a decentralized asset. There are claims that China sold 194,000 Bitcoin that ...
Donald Trump’s recent executive order banning a US digital dollar highlights the urgent need for Western countries to adopt central bank digital currencies (CBDCs). A new book, “Smart Money,” warns that the West’s hesitation could weaken its financial power and allow countries like China to take the lead in shaping future monetary systems. As more ...
Attitudes towards cryptocurrencies differ greatly around the world, with at least nine countries imposing total bans on digital currencies. Countries like China and Morocco have taken stringent measures due to concerns about financial stability and illegal activities. Bolivia, Algeria, and Afghanistan, among others, have also restricted the use of cryptocurrencies to protect their economies and ...
Bitcoin, once seen merely as a speculative asset, is gaining traction as a strategic reserve for national governments. Several countries, including the United States and Brazil, are exploring the integration of Bitcoin into their currency reserves to bolster financial sovereignty amid global economic uncertainties. Proposals include gradually acquiring significant amounts of Bitcoin over several years. ...
On January 17, 2025, the team behind This Week in Fintech launched Stablecon, an exciting new event aimed at creating the largest conference for the stablecoin ecosystem. Bringing together influential founders, top executives, regulatory leaders, and innovators, Stablecon is set to shape the future of global finance. With a strong track record in hosting successful ...
As we enter 2025, the cryptocurrency landscape is evolving rapidly, marked by significant developments such as new IRS regulations affecting DeFi brokers and the growing interest in U.S. bitcoin reserves. Notably, Ripple is making waves with its RLUSD stablecoin, which has quickly gained traction and nearly $100 million in Market capitalization. Additionally, countries like Bhutan ...
Fidelity, a global asset management firm, expects more countries to start stockpiling Bitcoin in 2023. In their recent report, analyst Matt Hougan highlighted that governments like Bhutan and El Salvador are leading the way in accumulating Bitcoin. He predicts that other nations might follow suit, inspired by the profits seen from Bitcoin investments. There’s also ...
The global financial landscape is shifting as countries explore Central Bank Digital Currencies (CBDCs) to improve payment systems. CBDCs enable faster, cheaper, and direct currency exchanges between nations, reducing the reliance on the U.S. dollar. With projects like China’s digital yuan gaining momentum, the U.S. risks losing its dominant position if it does not modernize ...
Global trade is changing, pushing countries to find a reliable alternative to the dollar for international transactions. In light of geopolitical tensions, the Brics nations—Brazil, Russia, India, China, and South Africa—are considering a shared currency backed by gold and their currencies. This gold-backed digital currency could lower transaction costs and lessen exchange rate volatility, potentially ...
