Bitcoin News

Bitcoin News

Finance

El Salvador’s Bold Bet on Bitcoin Could Inspire the World

The standard playbook for building national wealth doesn’t work anymore. Bitcoin provides an alternative.

A person purchases a bottle of Coca-Cola from a shop that accepts Bitcoin in El Zonte, El Salvador, on Monday, June 14, 2021. El Salvador has become the first country to formally adopt Bitcoin as legal tender after President Nayib Bukele said congress approved his landmark proposal. Photographer: Cristina Baussan/Bloomberg via Getty Images

Finance

El Salvador’s Bitcoin Law Is About Self-Determination

Today, bitcoin became legal tender in the Central American nation.

El Salvadoran President Nayib Bukele speaks via video during a presentation at the Bitcoin 2021 conference in Miami.

Videos

Valkyrie CIO on Bitcoin as BTC Becomes Legal Tender in El Salvador

Bitcoin is now officially a legal tender in El Salvador. The cryptocurrency is declining after testing resistance near $52,000 on Monday, with initial support seen at the $50,000 breakout level. Steven McClurg, CIO and co-founder of asset management firm Valkyrie, discusses his crypto markets analysis and outlook. Plus, his take on altcoins and bitcoin ETFs.

Recent Videos

Videos

What Could Liquid Exchange Do Now to Prevent Future Crypto Hacks?

Seth Melamed, COO of Liquid Group, discusses Liquid Exchange’s $90 million hack and measures the firm is taking to prevent hacks like this from happening again. Plus, his reasons why he doesn’t think El Salvador’s bitcoin law is sustainable and whether he foresees Asia potentially adopting BTC as legal tender.

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Policy

El Salvador Buys Its First 200 BTC a Day Before Its Bitcoin Law Becomes Effective

And it “will be buying a lot more.”

El Salvador President Nayib Bukele

Finance

German Asset Manager Union Investment Plans to Bring Bitcoin to Its Private Wealth Clients: Report

Cryptocurrencies may see further mainstream adoption in Germany.

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Markets

Bitcoin Tops Resistance at $51K as Golden Cross Nears

Bitcoin eyes first golden cross since May 2020

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Markets

Crypto Long & Short: The Trouble With Ticker Symbols

Investors are apt to get confused when multiple projects can claim the same ticker without an industry standard for exchanges to assign identifiers.

Jeremy Bezanger/Unsplash

Markets

Market Wrap: Bitcoin and Ether Cross Milestones as Rally Continues

Bitcoin hit $50K and ether approached $4K as risk appetite heats up.

Bitcoin 24-hour chart (CoinDesk)

Tech

Bitcoin Won’t Save the Afghan People

Crypto activity in the collapsing country is likely a sign of capital flight by corrupt elites, not aid or remittances flowing in, according to one expert.

Afghan refugees in Indonesia. Banking bans and a lack of cryptocurrency infrastructure will add major barriers to Afghans trying to send money home. (Getty Images)