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Saylor Slams Proof-of-Reserves: ‘It’s Like Publishing Your Kids’ Bank Accounts’
27.5.2025
Warming up for the Bitcoin 2025 conference in Las Vegas, Strategy founder Michael Saylor was asked to weigh in on the concept of proof-of-reserves. Saylor didn’t mince words, dismissing the idea entirely by stating it “dilutes the security” and calling it a flat-out “bad idea.” Saylor’s ‘Bad Idea’...
Saylor says onchain proof-of-reserves a ‘bad idea’ due to security risks
27.5.2025
Michael Saylor, the executive chair of major Bitcoin-buying firm Strategy, formerly MicroStrategy, says institutions posting onchain proof-of-reserves is a “bad idea” that could pose security risks.“The current, conventional way to publish proof of reserves is an insecure proof...
Saylor says onchain proof-of-reserves a ‘bad idea’ due to security risks
27.5.2025
Michael Saylor, the executive chair of major Bitcoin-buying firm Strategy, formerly MicroStrategy, says institutions posting onchain proof-of-reserves is a “bad idea” that could pose security risks.“The current, conventional way to publish proof of reserves is an insecure proof...
Saylor says onchain proof-of-reserves a ‘bad idea’ due to security risks
27.5.2025
Michael Saylor, the executive chair of major Bitcoin-buying firm Strategy, formerly MicroStrategy, says institutions posting onchain proof-of-reserves is a “bad idea” that could pose security risks.“The current, conventional way to publish proof of reserves is an insecure proof...
Cantor Fitzgerald Chairman Brandon Lutnick Says He Personally Checked Tether’s Reserves
14.5.2025
The 27-year-old was appointed chairman of Cantor Fitzgerald in February, shortly after his father was named Commerce Secretary by U.S. President Donald Trump
Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves
5.5.2025
Binance co-founder Changpeng “CZ” Zhao has proposed Bitcoin and BNB as the first digital assets to form Kyrgyzstan’s national crypto reserves.On May 5, Zhao shared on X that he advised Kyrgyzstan to start with Bitcoin (BTC) and BNB (BNB) when building its national crypto reserve....
Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves
5.5.2025
Binance co-founder Changpeng “CZ” Zhao has proposed Bitcoin and BNB as the first digital assets to build Kyrgyzstan’s national crypto reserves.On May 5, Zhao shared on X that he had advised Kyrgyzstan to start with Bitcoin (BTC) and BNB (BNB) when building its national crypto...
Kyrgyzstan's Gold-Backed Dollar Pegged Stablecoin USDKG to Debut in Q3
5.5.2025
The stablecoin will be backed by $500 million in gold from the Kyrgyz Ministry of Finance, with plans to expand reserves to $2 billion
Arizona governor vetoes bill to make Bitcoin part of state reserves
3.5.2025
Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.The Digital Assets Strategic Reserve bill, which would have permitted Arizona...
Arizona governor vetoes bill to make Bitcoin part of state reserves
3.5.2025
Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.The Digital Assets Strategic Reserve bill, which would have permitted Arizona...
Arizona governor vetoes bill to make Bitcoin part of state reserves
3.5.2025
Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.The Digital Assets Strategic Reserve bill, which would have permitted Arizona...
Trump Endorses Senator’s Push for US to Amass Bitcoin Reserves
2.5.2025
Sen. Cynthia Lummis (R-WY) declared this week she is “particularly pleased” with President Donald Trump’s endorsement of her proposed strategic bitcoin reserve, a plan she claims will tackle the national debt and solidify U.S. dominance in financial innovation. ‘America Must Lead’ on Bitcoin, Says...
Tether posts $1B in Q1 operating profit, $5.6 billion excess in reserves
2.5.2025
Tether, the company behind the world’s largest stablecoin by market capitalization, has released its financials for the first quarter of 2025, disclosing nearly $120 billion in exposure to US Treasurys and over $1 billion in operating profit.According to Tether’s Q1 2025 financial...
Tether posts $1B in Q1 operating profit, $5.6 billion excess in reserves
2.5.2025
Tether, the company behind the world’s largest stablecoin by market capitalization, has released its financials for the first quarter of 2025, disclosing nearly $120 billion in exposure to US Treasurys and over $1 billion in operating profit.According to Tether’s Q1 2025 financial...
Swiss National Bank Rejects Calls to Add Bitcoin Reserves
25.4.2025
In comments Friday, SNB President Martin Schlegel said holding bitcoin raises liquidity and volatility risks for Switzerland
Binance Advising Governments on Establishing Crypto Reserves
18.4.2025
Governments worldwide are racing to secure crypto dominance, turning to Binance for strategic guidance on digital reserves and regulatory blueprints as sovereign adoption accelerates. Nations Seek Binance’s Aid on Crypto Reserves Binance has begun advising governments on cryptocurrency...
Binance helps countries with Bitcoin reserves, crypto policies, says CEO
17.4.2025
Cryptocurrency exchange Binance is involved in discussions on establishing strategic digital asset reserves with several countries worldwide, its CEO, Richard Teng, reportedly said.Binance has been advising multiple governments on establishing strategic Bitcoin (BTC) reserves and formulating crypto...
Sweden Discusses Possibility of Including Bitcoin in Foreign Reserves
10.4.2025
In a written inquiry to Minister of Finance Elisabeth Svantesson, MP Rickard Nordin asked about the possibility of including bitcoin as part of Sweden’s foreign reserves. Nordin also proposed funding it with bitcoin seized by police and customs authorities. Sweden Discusses Including Bitcoin...
$50 Million Bounty Offered by Tron’s Justin Sun to Recover Stolen Trueusd Reserves
4.4.2025
Tron founder Justin Sun has announced a $50 million bounty for information to help recover $456 million in misappropriated Trueusd stablecoin reserves. Sun Blames Licensed Intermediaries Tron founder Justin Sun has announced a $50 million bounty for information that will aid in the recovery of $456...
Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves
3.4.2025
Lawmakers in the US state of Minnesota and Alabama have filed companion bills to identical existing bills that will allow each state to buy Bitcoin.The Minnesota Bitcoin Act, or HF 2946, was introduced to the state’s House by Republican Representative Bernie Perryman on April 1, following...