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Czech Finance Minister Warns Against Adding Bitcoin to Reserves
According to Bloomberg, Czech Finance Minister Zbynek Stanjura has voiced his concerns regarding the proposal by the central bank governor to invest part of the country's foreign-currency reserves in bitcoin. While he respects the independence of the Czech National Bank and acknowledges that government interference is not an option, Stanjura cautions against such a move due to bitcoin's notorious volatility.
Grayscale Launches Grayscale® Bitcoin Miners ETF (Ticker: MNRS)
GlobeNewswire reports that Grayscale Investments has launched its latest product, the Grayscale® Bitcoin Miners ETF with ticker symbol MNRS. This new exchange-traded fund offers investors exposure specifically to companies involved in bitcoin mining activities or related hardware and services. The Fund aims to provide a way for those interested in crypto but hesitant about direct investment into digital assets.
Bitcoin: What Went Wrong?
An article from Bitcoin Magazine highlights growing concerns within the cryptocurrency community about shifting priorities among enthusiasts and stakeholders. It argues that there has been a significant deviation from core values like censorship resistance towards short-term financial gains and political favor trading. These changes pose existential threats as they could undermine what makes Bitcoin valuable—its resilience against hostile environments.
Bitcoin Jumps to $105,000 as Fed Fears Fade
Decrypt reveals how recent decisions by Federal Reserve Chair Jerome Powell have influenced market sentiment positively for cryptocurrencies like Bitcoin, which surged past $105,000 following news on interest rate stability. Despite initial dips post-announcement, optimism grew around potential regulatory clarity under President Trump's administration, contributing to further momentum behind this rally.
Czech National Bank Plans Multi-Billion Euro Bitcoin Purchase
Pymnts.com shares insights into plans by Aleš Michl—the Governor of Czech National Bank—to propose investing billions of euros' reserve holdings into bitcoins during upcoming board meetings. Despite acknowledging inherent risks associated with volatile asset classes like these, there is noted increased investor interest globally, especially after major firms introduced ETFs last year supporting similar initiatives worldwide, including deregulation efforts led domestically through executive orders issued recently!
Bitcoin Jumps as Fed Chair Powell Says Banks ‘Perfectly Able’ to Serve Crypto Clients
A report from DLNews discusses comments made by Federal Reserve Chair Jerome Powell indicating U.S.-based banking institutions can indeed safely cater to servicing clientele engaged within burgeoning sectors involving cryptos, provided adequate risk management measures remain intact throughout operational processes. This marks notable policy shifts compared to previous administrative stances, potentially opening doors wider than ever before seen across industry landscapes today.
Sources:
- Czech Finance Minister Warns Against Adding Bitcoin to Reserves
- Grayscale Launches Grayscale® Bitcoin Miners ETF (Ticker: MNRS)
- Bitcoin: What Went Wrong?
- Bitcoin Jumps to $105,000 as Fed Fears Fade
- Czech National Bank Plans Multi-Billion Euro Bitcoin Purchase
- Bitcoin jumps as Fed Chair Powell says banks ‘perfectly able’ to serve crypto clients
