Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC – Cointelegraph
Bitcoin miner Marathon Digital has bought an additional $249 million worth of Bitcoin after raising $300 million in a senior debt offering. On August 14, the miners said The company used a portion of the bond sale proceeds to purchase approximately 4,144 Bitcoin (BTC) at an average price of approximately $59,500, bringing its “strategic Bitcoin […]
Hong Kong legislator eyes Bitcoin for fiscal reserves – Cointelegraph
Hong Kong Legislative Council Member Johnny Ng has announced plans to work with various stakeholders to assess the feasibility and potential benefits of incorporating Bitcoin into the special administrative region’s financial reserves. In a recent X post, Ng highlighted the growing global recognition of Bitcoin (BTC), which is often referred to as “digital gold” due […]
Central banks grew their gold reserves in 2023 as analysts see potential price surge
Paul Dietrich, chief investment strategist at B. Riley Wealth Portfolio Advisors, told “The Craman Countdown” that gold is going to do very well. Buying Gold The total amount of new interest rate hikes by global central banks in 2023 will be the second-largest on an annual basis on record, according to a June report from […]
President Joe Biden prepared to use oil reserves again to lower gas prices
President Joe Biden is prepared to release more oil from the country’s strategic reserves if gas prices increase during summer. This is the latest plan by the Biden administration to counter higher prices at the pumps and the more expensive prices on various goods due to inflation. A Biden administration energy advisor suggested that gas […]
Southern Poverty Law Center has ‘gutted its staff’ despite nearly $1 billion in reserves, union says
The Southern Poverty Law Center has “wiped out its staff” despite having nearly $1 billion in reserves, the center’s union said. The SPLC union posted the following on Wednesday: X“Today @splcenter, an organization with nearly $1 billion in reserves and an F rating from Charity Watch for ‘hoarding’ donations, cut its staff by a quarter.” […]
Biden DOE Called CCP Official Before Releasing Petroleum Reserves
A new report says that Biden’s Energy Secretary called up a top Chinese Communist Party (CCP) energy official before the Biden administration released America’s Strategic Petroleum Reserves (SPR) in late 2021. Aside from the ostensible goal of lowering gas prices (even while the Biden administration wrecked America’s energy independence), the Biden administration’s Department of Energy […]
Shameless major in US Army Reserves defrauded families of fallen soldiers of millions — and pocketed $1.4M in the process
A major in the U.S. Army Reserve has admitted to profiting from the deaths of active-duty soldiers by illegally investing some of the funds given to grieving families. On Tuesday, 41-year-old Kaz Claffey, also known as Kaz Claffey, entered the U.S. District of Trenton, New Jersey, and pleaded guilty to six counts of wire fraud […]
Biden Admin Abandons Latest Attempt To Refill Strategic Oil Reserves Due To High Prices
The Biden administration passed on an opportunity to buy oil to replenish the strategic petroleum reserve (SPR) on Tuesday, citing high prices. The Department of Energy (DOE) decided against purchasing up to 3 million barrels to replenish the SPR, which President Joe Biden drained ahead of the 2022 midterm elections as soaring gas prices caused a […]
UK ‘reserves right to respond’ after oil tanker set alight off Yemen | Yemen
The British government said the UK and its allies “reserve the right to respond as appropriate” after an oil tanker crashed and burst into flames off the coast of Yemen. Yemen's Houthi rebels have claimed that the country's navy carried out an operation in the Gulf of Aden targeting a ship they called the British […]