Transaction URL: https://blockchain.com/btc/tx/339feb75cbfc8f7fae96090a2f66c880d2c0ca1d3878df430fb697d65caf1c8b
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President-elect Donald Trump appears to be working down his crypto promises list via another personnel decision.
Trump said Sunday that Bo Hines will serve as executive director of the Presidential Council of Advisers for Digital Assets. David Sacks, the PayPal co-founder who Trump tapped to be the US government’s AI and crypto czar earlier this month, will chair this group.
Hines will work with Sacks “to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote on Truth…
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Matador Technologies Inc. has announced a strategic enhancement to its treasury by integrating Bitcoin and USD-denominated assets, aiming to fortify its capital preservation approach. The move, driven by the Board’s concerns over the potential devaluation of Canadian dollars due to economic factors like oil dependency and rising national debt, involves an initial $4.5 million investment in Bitcoin this December. The company also plans to convert the majority of its cash reserves from Canadian to U.S. dollars, reflecting a growing confidence in Bitcoin’s value as a robust store of wealth amid global currency volatility.
Sunny Ray, President of Matador, expressed that this initiative not only secures the company’s assets against inflation but also aligns with their goal to use Bitcoin as a base for their upcoming digital gold products. The Board’s decision, influenced by Bitcoin’s security and market stability, supports Matador’s development of a digital gold platform, which will allow users to trade and store digital gold backed by physical reserves. This technology shift underpins Matador’s broader mission to lead in the creation of trusted, permanent digital assets.
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President Biden over the weekend signed Congress’s bipartisan spending package, narrowly avoiding a government shutdown and keeping federal operations funded through mid-March.
The bill, cut from 1,500 pages to around 100, does not raise the debt ceiling, a provision President-elect Trump requested. Also out: a 3.8% raise for members of Congress, a bipartisan provision included in the original bill.
The eleventh-hour deal did little to calm markets, which have struggled to maintain their post-election momentum this month. The S&P 500 is down 1.7% since the start of December. The…
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Natalie Smolenski has made a name for herself in the Bitcoin space in recent years by sharing her dynamic insights on Bitcoin and how it shapes the world moving forward.
The PhD-holding anthropologist is on the verge of upping the ante around her Bitcoin-related thought contributions with the new book she’s edited and to which she’s contributed, The Satoshi Papers: Reflections On Political Economy After Bitcoin (published by Bitcoin Magazine Books and available for pre-order now).
The book is a collection of texts from some of the most prominent academics who write about Bitcoin, including Andrew M. Bailey, Avik Roy and Leopoldo Bebchuk. With pieces entitled “Easy Money, Easy Wars?…
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