Nayib Bukele is set to begin another five-year term as President in El Salvador as he boasts of a massive lead over his opponents, as indicated by exit polls reported by Reuters on Monday, February 2024. Provisional results revealed that Bukele had more than 80% of the votes cast by ...
El Salvador's current vice president, Felix Ulloa, has reportedly declared that Bitcoin will remain legal tender in the country if the current President secures reelection. According to a Reuters report, Ulloa claimed that this position on Bitcoin's legal tender status would remain despite the International Monetary Fund's (IMF) pleas to ...
In the fiscal year 2023, US Bitcoin mining firm Core Scientific successfully mined over 19,274 BTC tokens, according to their recently released December and full-year production report. This impressive figure includes 13,762 self-mined tokens and 5,512 customer-mined tokens within its data centres. The mining firm also noted that it had ...
Renowned author Robert Kiyosaki has expressed a strong belief in Bitcoin as a robust defence against wealth erosion caused by inflationary policies and financial mismanagement by government authorities. Kiyosaki made this claim while explaining why he owns Bitcoin in a recent post on X. He attributed the devaluation of the ...
A crypto community stakeholder, Steven Lukba, has said the US government's planned sale of almost $130 million worth of Bitcoin is nothing compared to the outflows from Grayscale Bitcoin Trust Shares ($GBTC) ETF. A forfeiture notice, issued on January 10, outlined the government's intention to sell the 2,934 bitcoin seized ...
US-based ETF issuers Invesco and WisdomTree have cut trading fees on their European exchange-traded funds by 60% in a bid to join the spurring war for market share by international ETF providers. Invesco and WisdomTree, currently the 6th and 10th largest spot Bitcoin ETF issuers in the U.S., are the ...
Bitcoin's prices have plummeted to a seven-day low, according to market data for Monday, January 22, 2024. This drop marks the cryptocurrency's lowest point since the launch of new spot Bitcoin exchange-traded funds (ETFs) on January 11. At the time of reporting, Bitcoin is trading at $38,958, reflecting a substantial ...
Circle Internet Financial, the issuer of the widely-used USD-Coin (USDC), has highlighted the significant role of USDC in facilitating Asia settlements in its latest State of the USDC Economy report. Since its introduction in 2018, the stablecoin has emerged as a preferred choice for Asia remittances, facilitating transactions totaling over ...
In a departure from the flashy pop-culture-inspired advertisements of other prominent spot Bitcoin ETF providers, BlackRock has opted for a more subdued approach with its latest iShares Bitcoin Trust ETF (IBIT). Released on Thursday, January 11, 2024, BlackRock's video ad features Jay Jacobs, the firm's US head of thematics and ...
The United States Securities and Exchange Commission (SEC) has finally approved the multiple spot Bitcoin Exchange-Traded products (ETPs) applications less than 25 hours after the agency had debunked a "fake approval" post on its X account. The US regulator announced this approval of a "number of spot Bitcoin exchange-traded product ...
