Since October, the National Center for Public Policy Research (NCPPR), a US think tank, has submitted shareholder proposals asking Microsoft and Amazon to consider investing in bitcoin, arguing that it would insulate the companies and their investors from inflation. The group says more bitcoin proposals are in the pipeline, while also arguing that promoting bitcoin adoption is in line with its "pro-freedom" agenda, as cryptocurrencies are largely uncontrolled by governments...
The National Center for Public Policy Research (NCPPR), a US think-tank, has proposed that Amazon add bitcoin to its financial reserves. The NCPPR believes that bitcoin can be used as a hedge against currency depreciation, but it is still uncertain whether Amazon will adopt a more innovative strategy.
The Economist Intelligence Unit report shows that institutional investors' interest in digital assets continues to grow. The report predicts that digital assets will account for 7% of institutional portfolios by 2027, and the size of the tokenized asset market is expected to exceed $10 trillion by 2030. At present, asset managers allocate 1% -5% of their assets to digital assets. The survey shows that 51% of institutional investors are considering spot cryptocurrency allocations, 33% are concern...
Cryptocurrency think tank Coin Center has won approval from the U.S. Court of Appeals to reopen a lawsuit against the Treasury Department and the Internal Revenue Service. In 2022, Coin Center sued them over a controversial amendment to the U.S. tax code that requires people to disclose certain crypto transactions to the IRS, as well as the personal details of participants in those transactions. Coin Center argued that the amendment violates the U.S. Constitution and is evidence of "overbearing ...
According to the independent think tank OMFIF, US Vice President Kamala Harris may not be able to afford to cede cryptocurrency industry support to Republican candidate Donald Trump, because crypto voter support, including donations, could "have an impact in key battleground states". Last week, Trump addressed cryptocurrency supporters at the Bitcoin Nashville conference, pledging to build a strategic bitcoin reserve if elected. He said that if a Democrat were in the White House, it would be gre...
India should consider revising its taxes on cryptocurrencies rather than relying on its anti-money laundering rules to reverse the impact of these high taxes, according to the latest survey of Indian investors by the Esya Centre, a New Delhi-based technology policy think tank. The study also found that Indian investors have a fair degree of knowledge of the relevant regulations for cryptocurrency taxation (58%) and money laundering (52%), and prefer stablecoins with collateral (93%) to algorithm...
On April 30th, the prosperity of the manufacturing industry continued to improve in April. The expansion of supply and demand accelerated, and the performance of external demand was excellent. However, employment still did not improve significantly. The price level remained low, especially the sales-side prices were sluggish, and the profitability of enterprises increased. The economic growth rate in the first quarter of 2024 exceeded market expectations, and the economy started well. It was con...