Tag: Bitcoin Adoption

A recent report by the blockchain data provider Glassnode reveals that the long-term Bitcoin holders are at a multi-year high, along with the fact that the markets are not yet saturated with taking profits. According to a study released November 22 by analytics firm Glassnode, the long-term holders (LTH) seem to be lowering their spending while adding […]

El Salvador, the first country to accept Bitcoin as legal tender, has partnered with Bitfinex and Blockstream to continue its pro-crypto stance. The President of the nation, Nayib Bukele, hasn’t put a ban on crypto mining, and according to a statement by Blockstream, he wants to “accelerate hyperbitcoinization and bring about a new financial system […]

The United Republic of Tanzania’s semi-autonomous territory, Zanzibar, is reportedly looking for ways to expand the adoption of cryptocurrencies like Bitcoin under some regulations. The authorities of the country are planning on arranging some meetings with stakeholders like ministries and banks to talk about policies related to the cryptocurrency industry. Mudrick Soraga, Zanzibar’s Minister of […]

The largest cryptocurrency, Bitcoin, has finally upgraded its network with the Taproot soft fork after miners and mining pools gave 90% lock-in consensus between blocks 709,488 and 709,632. The recent integration marks the first significant upgrade for BTC since the launch of the Lightning Network and Segregated Witness (SegWit), BTC’s leading layer-two solution, in August […]

Frances Suarez, Miami’s Mayor has promised to give Bitcoin yield paid out as dividends to his citizens. As a result, he is making cryptocurrency very attractive for the residents of  Miami. According to comments made by Suarez, the city’s population of nearly 500,000 people may get BTC dividends, as reported by Anthony Pompliano. Anthony’s post […]

Ted Cruz, the senator from Texas, has urged businesses on Capitol Hill to accept Bitcoin payments. The senator has submitted a bill calling for Congress to take the lead in the Bitcoin industry in a bid to push for crypto adoption. On November 1, 2021, the ‘adopting cryptocurrency in Congress’ resolution was submitted to the […]

The government of El Salvador continues setting the pace with regards to Bitcoin, as it is set to build first-of-its-kind Bitcoin schools using proceeds the country has made on the virtual asset. El Salvador Leading the Bitcoin Revolution According to President Nayib Bukele, profits realized from the state’s Bitcoin Trust account will be pumped into […]

JP Thieriot, the head of Uphold, the multicurrency investment company, said that Latin America is seeking Bitcoin-based use cases amidst the massive crypto adoption in the region. According to Thieriot, Latin America will benefit even more if the people start exchanging crypto tokens, fiat currencies, and the most awaited Central Bank Digital Currencies (CBDC) on […]

Tom Brady, the American football quarterback for Tampa Bay, is paying Bitcoin (BTC) for the ownership of the ball behind his historic 600th pass in Sunday’s game between the Buccaneers and Chicago Bears.  Brady is the only NFL player to achieve these many touchdown passes. Brady threw his 600th touchdown pass to Mike Evans, who […]

The president of the Central Reserve Bank of El Salvador, Douglas Rodriguez, expressed his thoughts on Bitcoin adoption, saying that the country’s actions on opting for BTC as its legal tender will not affect the plans for a $1.3 billion loan offering by the International Monetary Fund (IMF). As per today’s report by Bloomberg, Douglas […]

According to the Financial Times, Australia’s fifth-largest pension fund, Queensland Investment Corporation (QIC), is considering investing in cryptocurrencies in the future. According to the report, the head of currencies at QIC, Stuart Simmons, said that as the crypto space matures in terms of regulation and infrastructure, major retirement funds will likely seek out exposure. The […]

El Salvador president Nayib Bukele, in a bundle of tweets, announced that the country would use a portion of its $4 million BTC profits for building an animal hospital.  Bukele said that he is planning to start the work of the pet hospital by the El Salvador trust soon. He informed that after making BTC […]

Alexander Höptner, the Chief Executive Officer (CEO) of BitMEX, said that decision and actions by El Salvador deserve praise, not ridicule from international monetary authorities. BitMEX is a well-known crypto derivatives trading platform. El Salvador has adopted Bitcoin as its legal tender and has received a mixture of comments from industry experts. Höptner said that […]

Edward Snowden, former Central Intelligence Agency (CIA) information breacher and journalist, has been giving statements since different governments started targeting crypto. Today, on Twitter, he tweeted a thread on a year-old tweet. The tweet was about the effects of governments on Bitcoin and its crash. https://twitter.com/Snowden/status/1444794906967486469 He said he saw that Bitcoin has now increased […]

The El Salvador government has vowed to introduce Bitcoin (BTC) to every citizen of the country. President Nayib Bukele declared that the local customers who pay using their BTC wallet, Chivo, will get a subsidized discount of $0.20 per gallon of petrol. The president described the announcement as “positive news for the pockets of Salvadorans.” […]

Orlando Bravo is a renowned billionaire, entrepreneur, and the founder of one of the most successful equity firms, Thoma Bravo. In a recent comment, the billionaire maintained a bullish stance on the king of cryptocurrencies, Bitcoin. Bitcoin’s volatility doesn’t bother the billionaire entrepreneur and says that Bitcoin will stay for a long time. This particularly […]

After joining Ripple’s board of directors in May, Rosa Rios bashes Bitcoin as a supposed speculative tool. Between the ongoing fight between security regulation officials of the United States and Ripple, Rosa Rios has spoken in support of XRP. She said that Bitcoin (BTC) is just a speculation tool now, and XRP is the real […]

The first country in the world to adopt Bitcoin as legal tender, El Salvador, recognized Bitcoin as legal tender on 6th September. The President of the nation, Nayib Bukele, confirms the success of his Chivo wallet. According to the Bitcoin-pro leader, over a third of the citizens in the nation are using this wallet. Bukele’s […]