Trump says bitcoin reserve will change everything. Crypto fans aren’t so sure.

Trump orders federal agencies to pool seized bitcoins in reserve.

Ahead of the first-ever White House Crypto Summit Friday, President Donald Trump signed an executive order establishing a strategic bitcoin reserve that a factsheet claimed delivers on his promise to make America the "crypto capital of the world."

Trump's order requires all federal agencies currently holding bitcoins seized as part of a criminal or civil asset forfeiture proceeding to transfer those bitcoins to the Treasury Department, which itself already has a store of bitcoins. Additionally, any other digital assets forfeited will be collected in a separate Digital Assets Stockpile.

But while Trump likely anticipates that bitcoin fans will be over the moon about this news—his announcement of the reserve and looser crypto regulations helped send bitcoin's price to its all-time high of $109,000 in January, Reuters noted—some cryptocurrency enthusiasts were clearly disappointed that Trump's order confirmed that the US currently has no plans to buy any more bitcoins at this time.

Read full article

Comments

Shimadzu: Die genaueste Uhr der Welt kommt aus Japan

Ein Unternehmen will zehn seiner Gitteruhren auf den Markt bringen. Sie sollen genauer als Cäsium-Atomuhren sein und könnten die Sekunde neu definieren. (Sekunde, Wirtschaft)

Ein Unternehmen will zehn seiner Gitteruhren auf den Markt bringen. Sie sollen genauer als Cäsium-Atomuhren sein und könnten die Sekunde neu definieren. (Sekunde, Wirtschaft)

Maserati kills electric version of MC20 supercar for lack of demand

Buyers are increasingly turned off by electrification when it comes to supercars.

Electric motors are, in so many ways, much better than internal combustion engines. They don't waste most of the energy you put into them as heat and sound, they're easy to control, and they make huge amounts of torque almost instantly. Having recently driven BMW's 430i and i4 back to back over the course of two weeks, the electric version was easier in traffic and more responsive on a twisty road. Electric wins, then. Except at the very high end, it seems.

Because even though electric motors can pack a punch, people paying big money for super- and hypercars are increasingly disinterested in those cars being electrified. So much so that Maserati has canceled the all-electric version of the MC20.

The MC20 debuted in 2020. No longer associated with Ferrari after that brand was spun out and IPO'd, the MC20 could offer a full carbon-fiber monocoque and an engine with very clever F1-derived combustion technology, undercutting its now-independent Italian competitor to the tune of more than $100,000 in the process.

Read full article

Comments