El Salvador, the first country in the world to accept Bitcoin as legal cash in September 2021, is restarting its BTC purchases after pausing for several months due to the market’s bearishness. The Bitcoin Hoarding Begins El Salvador’s president Nayib…
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Crypto Industry Delivers Greatest One-Day Collapse In Billionaire History
The CEO of crypto powerhouse FTX lost $16 billion of his personal wealth as his business ran out of cash and had to rely on a rival to save it. After accepting a bailout from competitor Changpeng Zhao’s Binance, Sam…
The Dark Side of Crypto Highlighted by US Congress Think Tank
One of the report, Congress Research Service report “Long Live Cash: The Potential Decline of Cash Usage and Related Implications” released on May 10, 2019, examines the decline of cash usage in the United States and contemplates on the rise…
Billionaire Tim Draper Gives Bitcoin 5 Years To Achieve Global Adoption
Tim Draper, a billionaire venture capitalist, believes that the acceptance of Bitcoin (BTC) is progressing very well on a global scale. 100 Million Bitcoin Wallets And Counting Draper described Bitcoin reaching 100 million wallets as an “amazing” accomplishment in a…
UK Legislators Enact Laws to Restrict Crypto Ads
On Thursday, a committee of the House of Commons enacted new legislation without resistance or additional discussion that prohibits crypto advertisements and makes it illegal for unregistered operators to offer services. Restrictions Now Formally Enacted The restrictions, which are now…
China Has A $3.9 Billion Bitcoin Stash Despite Hostile Crypto Stance
The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector. Young Ju claims that China has seized $6 billion worth of cryptocurrencies from the PlusToken scam in 2019,…
Ex-Twitter CEO Beta Testing New App After Musk Takeover
With Elon Musk’s acquisition of Twitter, many social media users are getting ready to leave the platform. Jack Dorsey is one step closer to giving them an online haven. Twitter co-founder and former CEO Dorsey, 45, stated that his decentralized…
ARK’s Cathie Wood Bought Bitcoin At $250 Years Ago, Currently Sitting On $7.6M Profit
Cathie Wood recently disclosed that she bought $100,000 worth of Bitcoin (BTC) when the price was approximately $250 years ago. The popular cryptocurrency’s quoted unit price indicates that Wood probably made the transaction in 2015. The CEO of ARK Investments…
Christiano Ronaldo’s Homeland Of Madeira Launches Bitcoin Trial
Madeira’s President Miguel Albuquerque was invited by Jan3 CEO Samson Mow to the platform at Bitcoin Miami 2022 to make the announcement that the Madeiran archipelago had accepted Bitcoin (BTC). Madeira Cannot Legally Adopt Bitcoin The president had announced that…
Fidelity Plans Major Push in the Digital Assets Sector With 100 New Hires
Fidelity Investments, a money management, is expanding its digital assets division by employing 100 new employees. indicating the company’s desire to expand its cryptocurrency operations during a weak market. The recruitment process was initially covered by Bloomberg. By the end…