Local and foreign entrepreneurs agree that the use of Bitcoin is “very unusual” and that its use is minimal in El Salvador. So far, more than 100 companies have accepted BTC as a means of payment in that city, thanks to the spread of entrepreneurs. Despite the pro-Bitcoin push, El Salvador’s economy is stagnant and […]
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Celsius successfully emerges from Chapter 11 bankruptcy, paving the way for the distribution of over $3 billion in cryptocurrencies. Cryptocurrency lender Celsius has announced its successful emergence from Chapter 11 Bankruptcy in the United States. In a press release issued on January 31, the firm reported that its financial recovery will also entail the establishment […]
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DOT’s circulating market capitalization reached 11 billion during the fourth quarter of 2023. Polkadot, the computing platform known for its interoperability and scalability, has shown notable growth in key metrics during the latter part of 2023, as outlined in a recent report from Messari. Outpacing Crypto Market Growth According to Messari’s findings, Polkadot’s circulating market […]
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After the next elections, El Salvador will remain committed to its decision to adopt BTC as legal tender. On Wednesday, the vice president of El Salvador asserted that Bitcoin will continue to be legal tender in the country during President Nayib Bukele’s second term. Bukele is expected to comfortably win the country’s next elections thanks […]
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ARK Invest’s report highlights that investors with a long-term perspective have been the biggest beneficiaries of BTC’s growth despite its “notorious” short-term volatility. In its latest annual research report titled ‘Big Ideas 2024’, ARK Invest, a renowned investment management firm, made a compelling case for including Bitcoin in institutional portfolios. Based on a thorough analysis […]
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