BTC is still up 350% since January, a solid gain for a bull run. It’s almost as if crypto doesn’t act like shares—so when the business media look at crypto, they don’t have a proper metric to evaluate.
The Republic of El Salvador, the smallest nation in Central America with a population of some 6.4 million, has made a splash in global headlines by announcing on June 9 that the country would be the first to make bitcoin legal tender.
Bitcoin's (BTC) price rally during the pandemic year has helped investors in racking up billions of dollars in profits, and American investors topped the list with $4.1 billion in realized gains followed by $1.1 billion in profits by Chinese traders, according to Chainalysis.
El Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its use for its potential to help Salvadorans living abroad to send remittances back home.
On Tuesday, the Salvadoran Congress passed the historic bill that adopts Bitcoin (BTC) as the legal tender for El Salvador, marking the new peak of the cryptocurrency revolution.
As the price of bitcoin (BTC) is struggling with downward pressure, digital currency bulls like billionaire Jack Dorsey, co-founder of Twitter (TWTR) and Square (SQ), appear optimistic over its future fundamentals.
This year’s market eruption in non-fungible tokens (NFTs) marks the recognition of a new way of doing business for digital artists, sports icons, and creators alike.
Volatility is a double edged sword. Without the high volatility, crypto investors would not have generated the level of returns they’ve seen over the past few years.
The current high growth & adoption of financial applications can be traced back to the arrival of cloud storage in 2006. The big idea was the creation of a simple, scalable, service that could easily plug into existing software. The world of DeFi will mirror this trajectory.
Why in the world would people spend thousands, and even millions of dollars, on fully digital assets? After all, they are just JPEGs or GIFs, right? Let’s get into the world of NFTs to understand the mania.
Attempting to address some of the common criticisms of the Bitcoin network, CEOs Michael Saylor and Elon Musk recently organized a meeting of North American Bitcoin mining firms to coordinate use of renewable energy and transparency in the business worldwide.