BTC Risks Crashing Below $35k As Russia Threatens To Completely Ban Bitcoin

On Friday, Bitcoin and Ethereum led other cryptocurrencies in yet another dumping frenzy that saw over $700M in liquidations after Russia’s central bank proposed a blanket ban on the use and mining of cryptocurrencies within the country.

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Arabic Cash: UAE Oil in the past – Long live Crypto!

While many countries tend to simply ban Bitcoin (BTC) and virtual assets, regulators in the United Arab Emirates are taking a different approach. The country is consistently building the groundwork for a global blockchain capital.

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Kazakhstan Turmoil Shakes the Country’s BTC Mining Industry

Kazakhstan’s vast Bitcoin mining industry has been severely hit by the political chaos currently rocking the Central Asian nation. Rising fuel prices led to a spike in public anger which grew into wider discontent among the Kazakhstan populace over corruption, income inequality, and unemployment, sparking violent protests against autocratic President Kassym-Jomart Tokayev’s rule.  Kazakhstan’s BitcoinRead More

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El Salvador to push ahead with plans to issue Bitcoin-backed bonds

El Salvador is inching closer to issuing Bitcoin (BTC/USD) bonds. The country’s finance minister Alejandro Zelaya disclosed this news during an interview with local media on January 4, noting that the government plans to send 20 bills to Congress to set the ball rolling.

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Gloomy 2022 Beckons For Bitcoin As Usage Reportedly Drops 89% In El Salvador

Nayib Bukele may have had a field year, amassing over 1,300 BTC since the announcement of El Salvador’s official adoption of Bitcoin as legal tender in September. However recent reports now reveal that Bitcoin transaction rates in the Central-American country have reached a four-month low with over 85% of the population showing waning interest in the […]

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El Salvador purchases 21 BTC to celebrate December 21, 2021

The Salvadoran government has continued amassing BTC to mark different milestones after embracing Bitcoin (BTC/USD) as legal tender in September this year. President Nayib Bukele announced yet another purchase of the flagship cryptocurrency, saying the country bought 21 BTC to mark December 21, 2021.

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Amid call for crypto regulation, hacker uses India’s PM Twitter account to promote fake BTC giveaway

At a time when authorities in India are still grappling with how to deal with the growing influence of the crypto industry, it would be unimaginable to think that the country’s Prime minister could be promoting Bitcoin.

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El Salvador’s Pro-Bitcoin President Reveals He Trades BTC For His Country Through His Phone, Proves To Be Good At It

El Salvador’s president has revealed that he trades Bitcoin on behalf of the country through his mobile phone. The country has adopted the strategy of buying the dip and has steadily increased its Bitcoin holdings.

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El Salvador Increases Bitcoin Holding To Over $60 Million, Tron’s Justin Sun Scoops More BTC In Solidarity

Key takeaways El Salvador buys the dip, adding another 150 Bitcoins to their reserve.   Justin Sun in solidarity has added the same amount of Bitcoin to his holdings.   El Salvador’s President Nayib Bukele keeps paying no attention to critics as the country keeps benefiting from Bitcoin.

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El Salvador uses Bitcoin price drop to get another 150 BTC

El Salvador, a small country that made a lot of noise earlier this year by accepting Bitcoin as legal tender, is using every opportunity it can get to acquire more coins. While many around the world are troubled by the recent 20% price drop that hit Bitcoin (BTC/USD) earlier today, El Salvador saw it as […] The post El Salvador uses Bitcoin price drop to get another 150 BTC appeared first on Invezz.

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Bitcoin (BTC) hashrate recovers from China’s crackdown

Earlier in the year when China renewed its hostilities towards the crypto industry, one metric that saw a negative effect of the crackdown was the Bitcoin mining hashrate that plummeted by more than 50% during this period largely because crypto miners were being pushed out of the Asian country.

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El Salvador Snatches Up More Bitcoin At A Massive Discount As Its BTC Stash Expands

President Nayib Bukele announced on Friday his country’s latest purchase of 100 BTC as Bitcoin’s price nosedived to levels last seen in October. “El Salvador just bought the dip. 100 extra coins acquired with a discount” He tweeted.

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El Salvador buys additional Bitcoin on Black Friday at 20% off

The President of El Salvador, Nayib Bukele, has announced that the country has bought during the recent Bitcoin (BTC/USD) dip. The purchase came after Bitcoin dipped to the lows of below $54,000 on November 26.

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El Salvador’s dollar debt dives on Bitcoin bond plans

Investors have grown weary of El Salvador’s dollar debts as the country further adopts Bitcoin. Meanwhile, the IMF has recommended that BTC not be used as legal tender.

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El Salvador To Issue 'Bitcoin Bond' On The Liquid Bitcoin Sidechain

The first country to adopt bitcoin as legal tender aims to raise $1 billion through bond issuance to purchase BTC and invest in infrastructure.

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El Salvador plans to build a BTC city and raise $1B via a BTC bond

El Salvador, the first country to embrace Bitcoin (BTC) as legal tender, is planning to build a Bitcoin city at the base of Conchagua, a stratovolcano in southeastern El Salvador. Salvadoran President Nayib Bukele disclosed this news during the Latin American Bitcoin and Blockchain Conference on November 20.

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El Salvador Announces World’s First Bitcoin City, Backed By $1B Bitcoin Bonds

El Salvador is currently the only country in which Bitcoin (BTC) is legal tender. This move has witnessed many developments, as well as some pushback. Amid protests, technical glitches, and inevitable market volatility, El Salvador continues to drive BTC adoption.

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Zimbabwe Looks Towards A Future With Bitcoin As It Seeks Guidance For BTC Payments

A lot of countries have been looking to follow in El Salvador’s footsteps since the country officially implemented bitcoin as a legal tender. Most of these countries have however been from the same region as El Salvador in Latin America.

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Indian unicorn Paytm could soon offer Bitcoin (BTC) payments

In an interview with Bloomberg TV, Paytm’s Chief financial officer, Madhur Deora, has commented on the current cryptocurrency crisis in the country. The post Indian unicorn Paytm could soon offer Bitcoin (BTC) payments appeared first on CryptoSlate.

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Nayib Bukele buys BTC’s dip; Adds 420 coins to El Salvador’s coffers

El Salvador’s President, Nayib Bukele, has taken advantage of the recent bears in the crypto market to buy Bitcoin (BTC/USD) after the coin dipped to $58,208. 19 (£42,312. 41). The president disclosed this news on Twitter on October 27, noting that the country purchased 420 more.

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El Salvador Bought The Dip – Increases Holdings By 420 Bitcoins

El Salvador has taken advantage of the recent BTC price dip to bolster its holdings of the asset. The President announced via Twitter that the country had added 420 more BTC and has already started reaping the rewards of the investment.

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Report: 26.4% of Australian crypto owners hold Cardano, while Dogecoin remains U.S. bet

Finder recently published a survey that dived into current market trends across 22 countries, uncovering which cryptocurrencies, besides Bitcoin (BTC), are driving the adoption across the globe.    While publishing a definitive ranking of the most popular cryptos per country, the independent comparison platform also addressed the investor demographics, revealing that only in Mexico is crypto […] The post Report: 26.

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ATM data shows Salvadorans interest in Bitcoin (BTC) is rising

A little over a month after El Salvador legitimized Bitcoin as a legal tender within its jurisdiction, and with the value of the flagship asset touching new heights during the weekend, indications have emerged that interest in it has surged drastically in the Central American country.

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El Salvador’s President Bukele Reveals National Demand for BTC Outweighs USD

As the latest in a long series of news being distributed by the El Salvadorean government following its induction of bitcoin as a form of legal tender, the country’s President Nayib Bukele has published a tweet containing two supposed “facts” regarding the country’s ‘Chivo’ project.

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Bitcoin ETF Check, What’s Next For BTC

The approval of a Bitcoin Exchange Traded Fund (ETF) in the U. S. has come true. Different actors in the crypto space have tried to receive the greenlight from that country’s regulator (SEC) for little less than a decade.

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Mexican President Says No Plans to Adopt Bitcoin (BTC) as Legal Tender

The Mexican president has cleared the air around bitcoin saying the country is not interested in adopting BTC as legal tender. Mexico Not Keen on Making BTC Legal Tender Mexico’s President Andres Manuel Lopez Obrador in a press conference on October 14 said the country is not interested in adopting bitcoin as legal tender. AtRead More

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Bollywood stars nudge Indians to buy BTC instead of gold as Diwali nears

With Diwali around the corner, two renowned Bollywood stars have started campaigns urging Indians to purchase cryptocurrencies to mark the five-day celebration. A report unveiled this news earlier today, noting that the top-two crypto exchanges in the country secured the services of the actors to promote digital assets.

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How the U.S. became the world’s biggest Bitcoin mining hub

China’s Bitcoin (BTC) crackdown drove the lucrative business out of the country and helped establish the US as the heart of the mining operations, data from the Cambridge Centre for Alternative Finance reveals.

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Switzerland: Crypto Think Tank Launches Initiative to Add Bitcoin (BTC) in Federal Constitution

A switzerland-based non-profit think tank has launched an initiative with an aim to make bitcoin (BTC) one of the country’s reserve assets. Bitcoin: A Nation’s Reserve Asset? In what comes as another bullish development for the premier cryptocurrency’s future, Swiss non-profit think tank 2B4CH has unveiled a new initiative that, if successful, could make BTCRead More

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Salvadorans are buying more Bitcoin (BTC) than withdrawing from Chivo ATMs

A new tweet from El Salvador’s President, Nayib Bukele has hinted that the mass adoption of the leading digital asset, Bitcoin, in the country is still growing en masse as more money is being used to purchase the coin.

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Tiny island of Tonga weighs making Bitcoin (BTC) legal tender

Like many crypto enthusiasts predicted that several countries would be following in the footsteps of El Salvador in adopting Bitcoin as a legal tender, there are indications that Tonga could be the next, as one of the country’s politicians is busy drafting a bill in that direction.

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The idea of Bitcoin (BTC) as legal tender spreads to the Parliament of Tonga

About a month ago, El Salvador made history by accepting Bitcoin as legal tender. Despite the small size of the country, as well as the mixed feelings about the move among its citizens, the decision made major waves in the world.

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Morgan Stanley Bags Over 58,000 GBTC Shares As Bitcoin Price Shakes

As Bitcoin and other cryptos gain more credence, many top shots in diverse industries embrace the crypto community. Many companies, including Tesla, had accepted BTC payments once, and even a country like El Salvador is now using it as a legal tender.

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Crypto Market Analysis: September 27, 2021

Crypto markets were rocked on Friday as it emerged that China was implementing a full ban on cryptoasset trading inside the country. Despite it having announced the ban previously, markets reacted badly with big falls in BTC and other altcoins.

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A third of Salvadorans ‘actively’ using Chivo wallet, President Bukele claims

On Sept. 6, El Salvador became the first country to adopt BTC as legal tender, attracting both praise and criticism from the global community.

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El Salvador purchases 150 more BTC after the coin slipped to $45K

El Salvador now owns 700 Bitcoin (BTC/USD) after purchasing 150 more coins after the flagship cryptocurrency plunged to $45,000 (£32,959. 58). The country’s President, Nayib Bukele, unveiled this news through a tweet earlier today.

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El Salvador Purchases Another 150 BTC Following Price Dump

El Salvador President Nayib Bukele announced that the country now owns 700 Bitcoin, after purchasing another 150. The post El Salvador Purchases Another 150 BTC Following Price Dump appeared first on BeInCrypto.

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El Salvador Doubles Down On Bitcoin Holdings, Purchases An Additional 150 BTC

President Bukele announced on Monday that they had bought an additional 150 Bitcoins, as the cryptocurrency market took a plunge. At the time of the announcement, the asset’s price had dipped to $45,000 meaning that the country spent roughly $6.

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El Salvador Buys the Dip as Bitcoin (BTC) Falls to $45k

President Nayib Bukele of El Salvador has announced via Twitter on September 20, 2021, that the country has purchased an extra 150 BTC, taking its total bitcoin holdings to 700. El Salvador Buys the Dip  Despite the backlashes, protests, and negative energy that has plagued El Salvador’s bitcoin adoption journey in recent weeks, it appearsRead More

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El Salvador buys more Bitcoin as BTC price dumps to $45k

The country had bought 400 BTC in the lead up to the implementation of…

The post El Salvador buys more Bitcoin as BTC price dumps to $45k appeared first on Coin Journal.

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Australian Cryptocurrency Exchange Grows Among Veterans That Consider Bitcoin As A Legit Investment

According to the Australian cryptocurrency exchange, BTC Markets, Aussie boomers have become more familiar with crypto-asset investment. The country’s largest crypto exchange Bitcoin Markets have witnessed a rise in users in the past year.

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Bitcoin Effect: El Salvador’s Bond Drop as IMF Deal Seems Out of Reach, BTC Purchase Under Investigation

S&P Global says this adoption has immediate negative implications on its credit rating while protesters in the central American country vandalize an ATM and carried signs reading “we were defrauded by Bitcoin.

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El Salvador: Authorities Investigating Country’s Bitcoin (BTC) Purchases, ATMs

El Salvador’s Court of Accounts has received a complaint concerning alleged irregularities in the country’s bitcoin purchases and construction of ATM kiosks, according to a Reuters report on September 17, 2021.

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El Salvador: Bitcoin (BTC) protestors step up campaign on Independence Day

It’s coming up to a week and a half since El Salvador passed the Bitcoin law, making it legal tender in the country. The post El Salvador: Bitcoin (BTC) protestors step up campaign on Independence Day appeared first on CryptoSlate.

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Bitcoin In El Salvador Is Starting To Take The Big Leap

El Salvador becomes the first country in the world to officially adopt Bitcoin as legal tender. In solidarity, the community pledged to purchase $30 worth of BTC, about the same amount that each El Salvadorian will receive.

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LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods

With crypto law, the country seeks to become “compatible with the blockchain, crypto assets, and the internet” along with smart contracts and DAOs. The post LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods first appeared on BitcoinExchangeGuide.

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McDonald’s opens its doors to Bitcoin (BTC) payments in El Salvador

The day has finally arrived, and El Salvador became the first country in the world to recognize Bitcoin as legal tender. The country’s citizens now got an entirely new payment option in shops and services across the nation, including the fast-food giant McDonald’s, which also started accepting Bitcoin payments via the Lightning Network.

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Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations

A new bill that aims at recognizing Bitcoin as another payment method has emerged in Panama. The bill will also give residents the freedom to use cryptocurrencies. Amidst El Salvador adopting BTC as legal tender, a Central American country is trailing the same path.

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Bitcoin Officially Becomes Legal Tender In El Salvador, Country Secures First 400 BTC Purchase

Key takeaways El Salvador has implemented Bitcoin as legal tender. The country buys 400BTC, becoming first nation-state to do so. Critics mount pressure. Market remains highly optimistic of future outcome.

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