Swiss Central Bank Rejects Bitcoin for Reserves The Swiss National Bank (SNB) has made a decisive move by rejecting Bitcoin as part of its reserves. The decision comes as SNB President Martin Schlegel argues that the extreme price fluctuations of the cryptocurrency make it unsuitable for Switzerland’s monetary policy needs. Bitcoin, known for its volatility, […]
Jerome Powell confirms US will not issue CBDC under his leadership
Jerome Powell Confirms US Will Not Issue CBDC Under His Leadership In a recent announcement, Jerome Powell, the Chairman of the Federal Reserve, has made it clear that the United States will not be issuing a Central Bank Digital Currency (CBDC) during his tenure. This decision comes as a confirmation of Powell’s stance on the […]
El Salvador adds $1 million in Bitcoin to reserves
El Salvador Bolsters Financial Reserves with $1 Million in Bitcoin El Salvador, a country making waves in the financial world, has recently added $1 million worth of Bitcoin to its reserves. This strategic move has significantly boosted the country’s Bitcoin reserve, which currently stands at an impressive 6,044 BTC. At the current market value, this […]