Has El Salvador’s Bitcoin Gamble Paid Off for President Bukele?
El Salvador President Nayib Bukele has gambled on Bitcoin, spending over $126 million to buy over 3,000 coins. Has his big crypto bet borne fruit?
El Salvador President Nayib Bukele has gambled on Bitcoin, spending over $126 million to buy over 3,000 coins. Has his big crypto bet borne fruit?
Mumbai’s international airport received an anonymous email threatening to detonate explosives at Terminal 2 unless a $1 million Bitcoin ransom was paid within 48 hours.
A Bitcoin user mistakenly paid a $3.1 million transaction fee, the highest in Bitcoin’s history, which was collected by mining pool Antpool.
The victory of libertarian candidate Javier Milei in Argentina’s presidential race prompts predictions the country could follow El Salvador’s lead and adopt Bitcoin as legal tender.
Bitcoin price falls 3% on Binance news but key support at $36.7K may prevent further losses. Meanwhile, Ethereum battles to hold above $1,935 support.
Long-term Bitcoin investors are accumulating and holding coins at record levels, decreasing supply and signaling bullish expectations. This trend could drive up prices if demand keeps growing.
Miss El Salvador donned a volcanic goddess costume at Miss Universe, celebrating the country’s Bitcoin mining powered by volcanoes.
Meme coins like DOGE saw gains this week while Bitcoin traded sideways above $36k. Avalanche surged nearly 50% after JPMorgan used its blockchain.
The SEC has reportedly advised exchanges to enable cash creation redemptions for spot Bitcoin ETFs, fueling further optimism for approval in early 2023.
Joana Cotar, a member of Germany’s parliament, is pushing an initiative to potentially recognize Bitcoin as legal tender while balancing innovation with regulation.