Historic Confirmation: Bitcoin-Friendly Bessent Named Treasury Secretary
Scott Bessent secures Senate confirmation as the first openly gay U.S. Treasury Secretary with bipartisan support despite tax concerns. The former hedge fund manager faces critical challenges including Trump's expiring tax cuts, debt ceiling management, and ambitious trade policies.
Japan Eyes Bitcoin Integration into National Reserves Amid Economic Strategy Shift
Japanese lawmaker proposes incorporating Bitcoin into national foreign exchange reserves, marking a potential turning point for cryptocurrency adoption at government level. The initiative emerges as Japan explores innovative financial strategies following its recent drop to fourth-largest economy globally.
Ray Dalio Endorses Bitcoin and Gold Over Bonds Amid Global Debt Crisis Warning
Bridgewater founder Ray Dalio warns of an impending debt crisis and advises investors to shift from bonds to 'hard money' assets like Bitcoin and gold. Speaking at Abu Dhabi Finance Week, the billionaire investor highlighted unsustainable debt levels in major economies and predicted significant currency devaluation.
Swiss Canton of Bern Embraces Bitcoin Mining to Manage Energy Surplus
The Canton of Bern, Switzerland has approved pioneering legislation to explore Bitcoin mining as a solution for surplus electricity management. The initiative will examine how mining operations could stabilize the local grid while creating economic opportunities in the region.
Bitcoin to Hit $100K This Year: Ex-BitMEX CEO Makes Bold Price Prediction
Former BitMEX CEO Arthur Hayes forecasts Bitcoin reaching $100,000 by end of 2024 and $250,000 by 2025, citing U.S. fiscal policies and credit expansion as key drivers. His bullish outlook comes amid growing institutional interest, though he advises strategic profit-taking during the rally.
Japan Unveils Landmark Crypto Tax Reforms in Economic Stimulus Package
Japan plans to simplify cryptocurrency taxation by introducing a flat 20% rate, replacing current rates of up to 55%. The reform, part of a broader economic stimulus package, signals the country's commitment to fostering digital asset innovation and maintaining its competitive edge in blockchain technology.
Bhutan's Billion-Dollar Bitcoin Bet Pays Off as Crypto Investment Soars
The Kingdom of Bhutan's strategic Bitcoin holdings have surpassed $1 billion following cryptocurrency's 2024 surge. The Himalayan nation's innovative dual strategy of direct purchases and sustainable mining operations showcases how smaller economies can leverage digital assets.
El Salvador's Bitcoin Gamble Pays Off: A Look at the Nation's Cryptocurrency Success
El Salvador's pioneering adoption of Bitcoin as legal tender is showing promising results. As the cryptocurrency market recovers, the country's bold investment strategy appears to be yielding significant gains, potentially reshaping its economic landscape.