Why Doesn't the U.S. Have a Bitcoin Reserve, Yet?

Why Doesn't the U.S. Have a Bitcoin Reserve, Yet?

President Donald Trump sent a rush of excitement through the crypto industry when he ordered his administration to get to work on setting aside cryptocurrencies as a long-term investment for the U.S. government. But there's been little to see from that effort, so far, and the officials behind the work seem to be suggesting the wait could be considerable.Trump's March directive to get started on the stockpile carried a now-expired deadline for th…

Mogo Announces a Long-Term Commitment to Crypto with $50M for Strategic Bitcoin Reserve

In 2018, Mogo launched Canada’s first Bitcoin account. By 2020, the Vancouver-born fintech had became one of the first North American firms to add Bitcoin to its balance sheet, following MicroStrategy and Block. This month, the Canadian company announced that its Board of Directors has authorized the allocation of up to $50 million to Bitcoin as part of Mogo’s “long-term capital preservation and product innovation strategy.” “Building on our his…