Dr. Saifedean Ammous, a respected economist and author of “The Bitcoin Standard,” has been appointed as an economic advisor to the National Bitcoin Office of El Salvador, a move which underscores the country’s dedication to integrating Bitcoin into its economic strategies, as declared on May 30.
Ethereum remains the most widely used blockchain for non-fungible tokens (NFTs) globally, with $173 million, while Solana saw $49 million over the same period.
The President of the United States, Joe Biden, has made an appeal to the United States Congress, urging them to expeditiously pass the agreement.
Bitcoin has secured the second position in the list of most popular blockchains for NFTs globally, surpassing Solana, with a transaction volume of $173 million as compared to Solana’s $49 million.
On Friday, Bitcoin spearheaded a surge in cryptocurrency prices, which enabled it to recover almost all of its losses from the week. This came after the cryptocurrency had fallen to its lowest level since mid-March on Wednesday night.
Co-founder of BTC-e, Alexander Vinnik, seeks release through a prisoner swap deal, hoping to be included in a trade agreement between Russia and the US in exchange for detained WSJ journalist Evan Gershkovich.
Bitcoin traders eagerly await the impact of economic indicators and government decisions on the cryptocurrency’s volatile market, as the confluence of impending events loom large.
During a Twitter space event where he announced his candidacy for U.S. president, Ron DeSantis, a potential leader of the Republican Party, expressed his support for cryptocurrency and criticized the current administration’s stance on Bitcoin, stating that their actions could lead to its demise in the near future.
Bitcoin remained stable during Tuesday’s trading while stocks experienced a drop. The leading cryptocurrency was trading at around $27,200, representing a 1.1% increase over the past 24 hours. However, it has remained within a narrow range between $26,500 and $27,500 over the past two weeks. Investors are expressing concerns about regulatory issues in the cryptocurrency market and macroeconomic uncertainties such as the recent stalemate over the U.S. debt ceiling, which have resulted in reduced market liquidity.
The market for non-fungible tokens (NFTs) in the Bitcoin ecosystem is growing, but trading meme coins on the blockchain is the major factor promoting this growth. It’s vital to keep in mind, though, that NFTs have distinctive qualities that go beyond only their connection to memes to add value.
