The US Bitcoin strategic reserves are reportedly coming, speculated as the plan of Presidential nominee, Donald J. Trump, leading the top stories from last week in the cryptocurrency industry on Tech Times' CryptoWatch. It was later confirmed when Trump appeared at the Bitcoin Conference in Nashville that there would be a massive focus on crypto for the United States should he be elected.
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Furthermore, the second-largest crypto exchange platform in the world, Bybit, has introduced two new massive features meant for traders to expand on their experiences.
US Bitcoin Strategic Reserves from Trump is Reportedly Coming
Early last week, it was revealed that Donald Trump will appear as a guest speaker for the Bitcoin Conference 2024, and will reveal a future where the US will rely more on cryptocurrency. This is in the form of the United States' Bitcoin strategic reserves, one that would add more of the top crypto in the country's holdings and move away from its reliance on traditional assets.
It was revealed by Forbes that Trump's appearance at the BTC event would break the news about Trump's massive focus on Bitcoin and crypto in the future, with his previous term seeing the industry thrive.
America's current assets lean heavily on gold reserves worth $600, whereas its Bitcoin reserves are at 212,000 or $15 billion only.
Almost a week later, Trump made an appearance at the Bitcoin Conference in Nashville, Tennessee, and here, the Republican Presidential candidate promised a "crypto future" for the United States. Should Trump make it back to the Oval Office, there would be significant support coming to cryptocurrency, making America the "crypto capital" of the world.
It was also revealed that Trump will shine a massive spotlight on Bitcoin, centering on creating a "stockpile" for the US, but was not confirmed if it would be strategic reserves.
According to NBCNews, Trump also promised to remove current SEC Chair Gary Gensler and others who have prevented crypto's regulation in the country.
Bybit's Latest Features on Crypto Platform
The second-largest cryptocurrency platform in the world has added new features to its crypto exchange platform, with Bybit proudly sharing it after its biannual keynote address. Bybit's platform is known for seeing as many as 37 million users trading on its web3-based platform.
The first notable feature of Bybit is Block Trading which will be available with zero fees, centering on expanding more of its P2P (peer-to-peer) feature, and will focus on large-scale assets. It will support multiple cryptocurrencies and fiat currencies like USD, PHP, THB, IDR, and USDT.
On the other hand, there would also be a spot liquidity pairing program available on Bybit that will allow Market Makers to be easily connected to projects within the community. Premium Liquidity Providers would also see a highlight on the platform under the recommended projects list for enhanced liquidity and experiences.