As of 3:30 a.m. ET on Thursday, the virtual currency was trading at $36,849 per coin, jumping about 7.9% over the last 24 hours, according to CoinDesk.
Salvadorian lawmakers made history on Wednesday by approving a proposal from President Nayib Bukele that would allow bitcoin (XBT) to be used as a form of legal tender in the country, alongside the US dollar.
The law states that "all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service." It also says that tax payments can now be made in bitcoin.
The move delivers another win for cryptocurrency bulls as digital coins become more widely accepted around the world.
Prior to the vote in El Salvador, Bukele had said in a tweet that using bitcoin as legal tender would promote financial inclusion, tourism, inno ... Read more »

Category: News | Views: 206 | Added by: danyagames2007 | Date: 10.06.2021 | Comments (0)

Bitcoin (BTC) is up 10% in the last 24 hours to continue its recovery following a crypto crash at the start of the week.

At the time of writing (7am), the pioneering digital coin is approaching $37,000 after dropping below $33,000 by Tuesday morning. It remains 5% down on this time last Thursday.

The recovery continues as Hester Peirce, one of five commissioners at US financial regulator Securities and Exchange Commission, defended cryptocurrencies against her colleagues’ attempts to regulate them in the same way as other financial assets.

She told the Financial Times:  “I am concerned that the initial reaction of a regulator is always to say ‘I want to grab hold of this and make it like the ma ... Read more »

Category: News | Views: 162 | Added by: danyagames2007 | Date: 10.06.2021 | Comments (0)