On May 20, Blackstone, the world’s largest alternative asset manager, made its first move into crypto markets, purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund.
According to a filing with the U.S. Securities and Exchange Commission, Blackstone acquired 23,094 IBIT shar...
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He pointed out Panama’s hydroelectric resources and El Salvador’s geothermal energy as tools to drive Bitcoin infrastructure across Central America.
Herbert, who oversees El Salvador’s Bitcoin Office, revealed that Panama City plans to add the country’s “What is Money?” financial literacy textbook to its online library.
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The crypto entrepreneur is not alone in voicing concern. Senator Elizabeth Warren also warned that removing Powell would damage investor confidence and could spark broader market instability.
Speaking to CNBC, Warren said, “If Chairman Powell can be fired by the President of the United States, it will crash the markets.”
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Bitcoin and other major cryptocurrencies had initially shown positive momentum, with early gains hinting at a potential rally.
However, as news of China’s retaliatory tariffs spread, market sentiment soured, and fears of a prolonged trade conflict led to a reversal in the cryptocurrency market.
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