Tether Makes $1.1B from Bitcoin Investments
Tether’s investment in digital gold has resulted in a positive revaluation of $1.1 billion.
Tether’s investment in digital gold has resulted in a positive revaluation of $1.1 billion.
El Salvador’s leader, President Nayib Bukele, has announced that their investments in Bitcoin are proving to be profitable due to recent price movements.
Microstrategy significantly increased in November its holdings by purchasing 16,130 BTC, worth approximately $608 million at current market prices.
According to Kennedy, CBDCs will only serve to give governments more control over their citizens, while Bitcoin allows for financial freedom and protects basic rights to privacy and independence.
The SEC has released an update on its evaluation of the proposed Franklin Templeton and Hashdex spot BTC exchange-traded fund (ETF) applications.
The Austrian arm of European financial institution Raiffeisen Bank is preparing to introduce the option for its customers to trade cryptocurrencies such as Bitcoin in the coming months.
The management team at Grayscale met on November 20 with representatives from the US Securities and Exchange Commission to discuss plans to convert GBTC into a spot Bitcoin ETF.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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