Why This $190 Million Bitcoin Buy Is Poised To Shake Up The Crypto Market

Following revelations from some on-chain analytics observers that Bitcoin has finally bottomed, the big bull has been swinging sideways, causing the market to panic. However, it seems that Bitcoin is in luck once again, thanks to El Salvador’s latest decision to pay citizens $30 each in Bitcoin.

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El Salvador Is Giving $30 In Bitcoin To Its Citizens

Ahead of the September 7 bitcoin law implementation date, El Salvador President Nayib Bukele has unveiled a new government crypto app. The government-issued app, which is known as Chivo, will be used to distribute the bitcoins to citizens.

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El Salvador Announces National Bitcoin Wallet, Plans To Distribute $117 Million In BTC To Citizens

El Salvador’s president announced the country’s official bitcoin wallet, Chivo, to be launched in September and give $30 in BTC to users.

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Every Adult Citizen In El Salvador To Receive $30 Worth of Bitcoin From The Government

El Salvador is planning to airdrop $30 in bitcoin to its citizens, the country’s president, Nayib Bukele, announced during a national address on Thursday. El Salvador To Airdrop BTC During his address, Bukele unveiled a bitcoin e-wallet dubbed Chivo —  a slang word that means cool in Spanish — that will be preloaded with free […]

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4.5 million people will receive $30 Bitcoin ‘airdrop’ in El Salvador, President says

4.5 million adult citizens will receive an airdrop of $30 Bitcoin (BTC) each from the government of El Salvador, the country’s President, Nayib Bukele has announced. The post 4.5 million people will receive $30 Bitcoin ‘airdrop’ in El Salvador, President says appeared first on CryptoSlate.

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El Salvador Reveals Official Bitcoin Digital Wallet ‘Chivo’

El Salvador President Nayib Bukele revealed a new digital wallet for bitcoin, saying that citizens will receive $30 after they download it. The post El Salvador Reveals Official Bitcoin Digital Wallet ‘Chivo’ appeared first on BeInCrypto.

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PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately

China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions.

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Since It Adopted Bitcoin As Legal Tender, The World Is Looking At El Salvador

According to all metrics, El Salvador is all the rage right now. When the government announced that their citizens and all economic actors are legally allowed to use Bitcoin as legal tender, headlines all over the world reported on the news.

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Argentina: Number of Bitcoin (BTC) Miners Increases Amid New Government Subsidies

Data from Bitinfocharts shows that the last month had very low Bitcoin fees around $7. 27 from highs of $64 per transaction. Meanwhile, the government of Argentina has brought about generous electricity subsidies that are turning more citizens into Bitcoin miners amid economic uncertainty.

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Iranian Government Places New Ban On Mining Bitcoin Within Households

Iran has become the latest country to ban Bitcoin mining, albeit for select people. Apparently, the Iranian government has decided to stop its citizens from mining Bitcoin in their homes. According to the government, household mining has been exerting too much pressure on the already burdened national electric grid. The Ministry of Energy has issued […]

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Iran Bans Trading Of Foreign-Mined Cryptocurrencies

According to a news report by Iran International, the Central Bank of Iran (CBI) has banned its citizens from trading bitcoin and other cryptocurrencies mined in foreign countries. Regulators Have Issued Thousands Of Licenses For Mining According to a tweet from news organization Iran International, Iran’s Central Bank announced a Cabinet decision on Wednesday requiring […]

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Iran Reportedly Bans Trading Of Bitcoin Mined Abroad

The Central Bank of Iran has reportedly banned its citizens from trading bitcoin mined outside of the country in an attempt to stop capital flight.

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Argentines Turn to Crypto to Escape Worsening Economic Situation

Argentina’s high inflation rate, a collapsing peso, and worsening economic crisis have caused citizens to seek refuge in bitcoin and other cryptocurrency assets.  Argentina Citizens Purchase Crypto to Safeguard Assets Argentina has suffered a recession since 2018, with the advent of the coronavirus pandemic further dealing a heavy blow to the country’s economic situation. Also,Read More

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Bitcoin’s Silent Revolution: Technology And Invention, Plebeian And Ruler

The characteristics inherent to technologies enable the increasing freedom of citizens under rulership; Bitcoin is one such technology.

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Argentina’s central bank is asking citizens to disclose their Bitcoin

The Central Bank of Argentina is asking local banks to scrutinize clients that hold Bitcoin and other cryptocurrencies and engage in business or trading activities using the assets, local news reports from last week showed.

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Domino Effect: Is India The Start Of Weaker Governments Banning Bitcoin?

This week, it was revealed that India would seek to impose some of the most stringent rules globally on cryptocurrencies, banning citizens from owning, trading, transferring, or mining assets like Bitcoin and altcoins.

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Bitcoin Drops To $55k: Mike Novogratz On Why He Isn’t Worried

Bitcoin is going to be a reflection of what citizens think about the government’s handling of the economy, former hedge fund manager Mike Novogratz believes. In an interview on Monday, he talked about the NFT craze, the future of Bitcoin’s price, and why he isn’t worried about the price dip. Novogratz, the founder, and CEO […]

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About $40 billion from stimulus payments may be spent on Bitcoin

After the stimulus package worth trillions of dollars received the green light from US authorities, many Americans received their own stimulus checks. US citizens have decided to put these funds to inThe post About $40 billion from stimulus payments may be spent on Bitcoin appeared first on AMBCrypto.

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Latest Deutsche Bank Poll Leaves Bitcoin Prone to Hitting New Record High

Bitcoin expects to extend its prevailing bull run in the sessions ahead just as the US begins another vast spending program, including direct payments to its citizens who will receive up to $1,400 per person depending on their income and tax filing returns.

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How Nigerians Are Reacting To The Cryptocurrency Ban

A rule in Nigeria banning financial institutions from facilitating cryptocurrency activity has elicited a range of reactions from citizens. The post How Nigerians Are Reacting To The Cryptocurrency Ban appeared first on Bitcoin Magazine.

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Indian Doctors Warn of Illegal Covid-19 Vaccine Sales for Bitcoin: Citizens Urged to Wait for Government Approved Vaccine

Indian doctors have warned that the sale of unauthorized Covid-19 vaccines on the black market, where vendors ask for bitcoin as payment, is illegal. According to the doctors, the unsanctioned marketing of the vaccine to the elite is prevalent in the state of Karnataka.

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BRRR: Biden Readies a New $3T Stimulus Package

What a new package including more direct payouts to citizens plus big infrastructure spending mean for bitcoin and markets as a whole.

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FinCEN Seeks Info on US Citizens’ Offshore Bitcoin Holdings

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Hong Kong crypto group warns new law will restrict people’s access to Bitcoin

Crypto proponents in Hong Kong say incoming cryptocurrency regulations could preclude citizens from using Bitcoin ATMs.

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Nigeria Emerges Second World’s Biggest Bitcoin Market in Just Five Years

Analysis has revealed that Nigeria has emerged as the world’s second-largest Bitcoin Market, according to the citizens’ transactions in the last few years. Following the leading peer-to-peer bitcoin marketplace, Paxful’s record, the country has traded over 60,215 Bitcoin in the last five years.

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Every Norwegian Citizen Owns at Least 0.000115578 BTC

Unearthed by redditor u/ThiaSCSGOSkins, who seems to be the first to investigate this matter, the citizens of Norway own Bitcoin via a state fund. This fund is capitalized by excess oil sector profits that is invested on behalf of Norway’s citizens.

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China Stance on Crypto Remains The Same; Blockchain, Not Bitcoin

In a recent report by Chinese state media Xinhuanet, the Chinese government wants its citizens to stop paying attention to cryptocurrency but concentrate more on blockchain technology, the technology behind the cryptocurrencies.

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Mexican Billionaire Ricardo Pliego Invests 10% of Liquid Portfolio in Bitcoin- Says the Crypto Shields Against Wealth Expropriation

Mexico’s second-richest person Ricardo Salinas Pliego confirms that 10% of his liquid portfolio is invested in bitcoin. The billionaire says the top crypto protects the wealth of private citizens from getting expropriated.

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Belarus Bank to Offer Bitcoin Purchases, With Litecoin and Ether Coming Soon

A Belarusian bank is launching a bitcoin buying service via bank cards for citizens of Belarus and Russia.

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Bitcoin Now Accepted for US Passport Services with Peninsula Visa

United States citizens can now pay for select passport services with bitcoin. Peninsula Visa announced the change to its accepted payment methods, on Nov. 11. Anticipating an increasingly digital post-coronavirus world, the company describes the service as being “the right move at the right time.

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Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform

Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form.

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No Stimulus Check? Bitcoin Price Could Hit The Roof, Analyst Reckons

The excessive printing of fiat currencies in the United States to provide monthly stimulus aid for its citizens has since been in favor of Bitcoin, as traditional investors are transitioning from regular assets to leading cryptocurrencies like Bitcoin.

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The economic downturn in Iran makes way for crypto adoption

Iran is ripe for Bitcoin adoption, as the leading cryptocurrency is becoming increasingly relevant due to the US sanctions and the consequences of the COVID-19 pandemic. So much so, in fact, that even the elderly citizens of the country are losing confidence in the nation’s fiat currency, the rial, and are looking for an alternative.

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Bitcoin Could Soar If The Bank Of England Decides To Implement A Negative Interest Rate

Bitcoin stands to attract more investments from British Banks and citizens following an announcement by the Bank of England which is considering implementing a negative interest rate. In a bid to stimulate its economy from the adverse effects of coronavirus and the impending Brexit event, the Bank of England hopes to encourage more spending. Negative […]

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Argentina’s Peso Plunges After Central Bank Tightens Foreign Exchange Controls: Citizens Discuss Bitcoin Adoption

The Argentine peso plunged by more than 10% shortly after the country’s central bank announced measures to tighten controls on the movement of foreign currency. The peso, which is officially pegged at 72 for every USD, touched new lows of 145 to the greenback on the black market.

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Hong Kong’s BTC association pushes ‘Bitcoin Tram’ ad campaign

Another massive Bitcoin ad rolls out in Hong Kong, urging citizens to “be their own bank.”

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Switzerland’s Canton to Allow its Citizens to Pay Taxes in Bitcoin & Ether Starting 2021

Switzerland's canton of Zug will start allowing people to pay taxes in Bitcoin and Ether from 2021, as per the official statement. “Tax settlement by means of crypto currency will be available to both companies and private individuals up to an amount of 100,000 Swiss francs ($109,670).

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Swiss Canton Zug to Accept Taxes in Bitcoin, Ether From Next Year

Citizens and companies in Zug will be able to pay up to $109,000 of their tax bill in either bitcoin or ether starting next February.

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Bitcoin Emerges as a Safe Hedge in Argentina Amidst Inflation Fears

Argentina citizens voted Bitcoin was the safest way to invest and save money during a time of crisis, according to the results of a survey released by crypto firm Paxful this week. Crypto the “Safest” during Crisis The survey found out that of 1,113 Argentineans, over 75% said they would choose Bitcoin and other cryptocurrenciesRead MoreRead More.

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73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: Survey

A survey of Argentina’s citizens shows that 73% believe cryptocurrency is the most effective saving method in the current economic crisis, such as to hedge against high inflation. Strong Crypto Sentiment in Argentina Global peer-to-peer (P2P) bitcoin marketplace Paxful released the results of a cryptocurrency survey in Argentina on Friday.

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Use of Bitcoin and Other Cryptos Remain Dominant in Venezuela as the Bolivar is Deemed Worthless

Venezuela is in economic turmoil, and as monetary inflation proliferates, the Bolivar is becoming increasingly worthless. As a result of all these challenges that the Latin American country is faced with; its citizens have turned to cryptocurrencies to save the day.

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Unconfiscatable? Using Bitcoin to Resist Police Extortion in Nigeria

It's common in Nigeria for police officers to threaten and extort citizens for whatever money they can find. This man uses bitcoin as a hiding spot.

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Lockdown Life & Darknets: BTC Still the DNM King, Cashaa’s Stolen Coins Sent to Hydra, Cannabis Sales Surge

During the last six months, the Covid-19 outbreak has caused a lot of disarray in the world and one thing is for sure, the use of darknet markets has surged. While the citizens of the globe have been locked down, cannabis sales have skyrocketed and the dollar value of bitcoin transactions done privately has remained […] The post Lockdown Life & Darknets: BTC Still the DNM King, Cashaa’s Stolen Coins Sent to Hydra, Cannabis Sales Surge appeared first on Bitcoin News.

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Americans are “pouring” cash, stimulus checks into Bitcoin and gold

US citizens seemed to be taking a liking to Bitcoin and other cryptocurrencies, two recent reports suggest. The post Americans are “pouring” cash, stimulus checks into Bitcoin and gold appeared first on CryptoSlate.

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2 Persons Charged For Illegal Drug Sale Transacted In Bitcoin

Two Costa Rican citizens have been charged with illegal sale of opioids using Bitcoin in the dark web, court documents revealed. The grand jury in DC indicted David Pate and Jose Hou, a pharmacist, of seven charges, including the distribution of illegal substances as well as laundering money.

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Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province.

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Second US Stimulus Package of $1,200 on the Way as Bitcoin Bulls Gain Momentum

A second stimulus check is on the way for American citizens, according to the White House's economic advisor, Larry Kudlow. He confirmed this position during an interview with CNN’s Jake Tapper on July 26, signaling that the Fed’s printers might soon be busy again.

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U.S. banks may soon hold your Bitcoin and other cryptocurrencies

In a landmark statement yesterday, United States regulators said they may allow banks to provide custody solutions for Bitcoin and other cryptocurrencies for American citizens. The post U.

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U.K. strengthens consumer protection laws for Bitcoin and crypto ads

Cryptocurrency firms advertising to United Kingdom citizens will be governed by legal regulations for marketing their products, as per Her’s Majesty Treasury announcement Monday Crypto ads to be scrutinized  The HM Treasury is weighing a proposal for “better” consumer protection for users of cryptocurrencies and similar products.

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