The self-described Bitcoin Development Company became one of the 75 largest non-financial firms in the Nasdaq after its explosive growth this year.
The office is requesting the information to accurately assess the risks crypto poses to financial stability.
Bitcoin reaching $100,000 might only be a sign of what's to come.
U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on "dark fleet" tankers and will not rule out sanctions on Chinese banks as it seeks to reduce Russia's oil revenue and access to foreign supplies to fuel its war in Ukraine. Yellen said in an interview that the U.S. and its allies also could consider lowering their $60-per-barrel oil price cap on Russian oil, which prohibits Western insurance and maritime services on cargoes above that level. The Treasury has already sanctioned individual tankers and their owners for operating above the price cap and can do more in this area, Yellen added, suggesting additional measures in the five weeks before she leaves office.
The vote is a part of a growing movement of governments and companies to invest in Bitcoin as a hedge against inflation.
(Bloomberg) -- Emerging-market currencies posted a second-straight week of losses, led lower on Friday by the Brazilian real, as traders prepare for the Federal Reserve’s last meeting of the year.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAn index of developing-world currencies slid Friday to cap off a 0.2%
Sen. Cynthia Lummis (R-WY) met with Treasury Secretary nominee Scott Bessent, expressing confidence in his support for digital assets, particularly Bitcoin.
Diversify investments, prioritize security, and steer clear of impulsive decisions, one expert notes.
(Bloomberg) -- Bitcoin is on track for a seventh consecutive weekly gain, as growing optimism for a crypto-friendly Trump administration fuels what what would be the longest winning streak in over three years.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringAmerican Institute of Architects CEO ResignsLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe last time Bitcoin had a weekly streak this long was
NEW YORK (Reuters) -The dollar headed for its best weekly performance in a month on Friday, as investors priced in the possibility of the Federal Reserve cutting rates more slowly next year, while sterling fell after a surprise contraction in UK economic activity. The U.S. currency also rose against the yen after reports that the Bank of Japan could forgo a rate hike at its meeting next week. U.S. data on Thursday showed the job market is gradually cooling in line with expectations, while producer price inflation helped reinforce the market's current scenario of a Fed cut on Dec. 18, but a slower pace of reductions in 2025.
