El Salvador Bought 80 Bitcoin at $19,000

El Salvador has once again made an extremely bullish move by adding 80 more bitcoin to its holding. The 80 coins were purchased at an average price of $19,000, as per the Twitter post from Nayib Bukele, the president of the Central American country. El Salvador, after adopting bitcoin as legal tender in September 2021, […]

Chamath: Bitcoin Should Be Regulated Security

Sri Lankan-born Canadian and American venture capitalist Chamath Palihapitiya stated that Bitcoin (BTC) should be “regulated as a security.” Palihapitiya broke down his opinion of how Bitcoin is a security rather than a commodity in the 85th episode of the All-In Podcast. Chamath joins this weekly show with Jason Calacanis, David Sacks & David Friedberg […]

BIS Wants Banks To Hold 1% Of Reserves In Bitcoin

BIS bitcoin

The Bank for International Settlements (BIS) decided to grant commercial banks to officially hold bitcoin. BIS plans to capitalize on the popularity of Bitcoin (BTC) despite the market being bearish for the past few weeks and has approved banks to hold up to 1% of reserves in Bitcoin. On June 30, BIS’s Basel Committee on […]

Grayscale Sues the SEC After Bitcoin ETF Blocked

Grayscale Suing SEC Bitcoin ETF

Grayscale, a global digital asset management firm, and the entire investment community were waiting for the United States Securities and Exchange Commission (SEC) to decide on whether it would approve the company for the conversion of $GBTC into a Bitcoin spot ETF. The U.S. SEC finally decided to reject the October 2021-filed BTC spot ETF […]

Governments Push CBDCs But Africans Want Bitcoin

CBDC in Africa

A battle is underway in Africa to determine whether its countries will adopt CBDCs or Bitcoin. Many sub-Saharan African central banks are exploring Central Bank Digital Currencies (CBDC) and have stated plans to roll them out in the near future. This comes as government praise for CBDCs is mounting, and the International Monetary Fund (IMF) […]

China Warned Bitcoin is Going to $0

China Bitcoin Going to $0

It seems that China is not fully satisfied with its massive crackdown on Bitcoin mining and trading, they now have warned that Bitcoin is going to $0.  Despite the ongoing market value plunge, which has resulted in many investors losing a serious amount of money, the future of the market seems to be safe with […]

MicroStrategy Buys 480 More Bitcoin

MicroStrategy Bought 480 Bitcoin

American business intelligence giant MicroStrategy is back on track to do some shopping as the market goes downwards. The CEO of the company, Michael Saylor, revealed that MicroStrategy bought the dip. They purchased 480 Bitcoin at an average price of $20,817 per coin. Notably, every time MicroStrategy bought Bitcoin they’ve made headlines as huge Bitcoin […]

Powell Destroys Credibility, Says Inflation is Forever

Powell Destroys Credibility

Jerome Powell, the 16th chair of the United States Federal Reserve, said in a recent statement that sky-high inflation might become permanent. This is in sharp contrast, a full 180 degree pivot, to the statement that he gave a year ago claiming that inflation would be transitory. Despite multiple interest rate hikes, the US economy […]

El Salvador Students Now Earn Bitcoin Diplomas

Bitcoin Diploma El Salvador

El Salvador has awarded the first 40 students with Bitcoin diplomas which can be obtained within one day and require to study a short blue textbook. After adopting Bitcoin as legal tender in September 2021, El Salvador under the leadership of President Nayib Bukele is taking a major step toward educating their citizens on Bitcoin. […]

Dollar Could Lose Status Of ‘World Reserve Currency’ By 2030 According To Analyst

usd world reserve

Derivatives trader, market analyst and conference host Tone Vays has recently said that the United States dollar will lose its status as the world reserve currency by 2030. During an interview on the Mediterranean Island nation Malta, Vays called Bitcoin a tool for wealth protection. He explained that the ongoing global inflation steals people’s savings […]