Bitcoin continued its recovery on Friday morning after the government of El Salvador announced that it will adopt the digital currency as legal tender on September 7.

In a national address on Thursday night, El Salvador’s president Nayib Bukele also said citizens that sign up to the government’s new Chivo e-wallet using facial recognition will also be given US$30 worth of Bitcoin.

The new law, which was passed by a large majority in the legislature of the Central American country earlier this month, means merchants must accept Bitcoin as a payment method alongside the US dollar.

Players in the industry are already starting to make moves to take advantage of the impending change, with Bitcoin ATM operator Athena Bitcoin announcing this morning that it is planning to introduce 1,500 new machines in El Salvador. ... Read more »

Category: News | Views: 127 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

El Salvador will be giving out $30 in bitcoin to any of its adult citizens that download a specific app and become verified on it.

The population of El Salvador is 6.5 million, with estimates suggesting that 70% of the population is over the age of 15. As a result, adults likely make up around 60% of the population. This places the upper bound at roughly $117 million of bitcoin, which would currently total around 3,440 BTC.

El Salvador's President Nayib Bukele addressed the nation last night, revealing the impending airdrop of sorts and detailing that bitcoin will become legal tender on September 7.

The President said that adult citizens who download the Chivo e-wallet and go through the facial recognition proces ... Read more »

Category: News | Views: 175 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

Since Bitcoin has been stealing the limelight with its crazy price movements, Ethereum was somewhat forgotten in the midst of this volatility. And thus, ETH started imitating BTC. Higher highs, lower lows, price spikes, and crashes, all looked a little too similar for both the coins. Why is ETH behaving in such a manner and what is it about to do next?

Surprisingly the answer to Ethereum’s questions can be found in Bitcoin’s movement. And for that very reason, these two cryptocurrencies have established some pretty crucial levels for the next few days.

Bitcoin has a fan!
Given Ethereum’s movement over the last few days, it does appear to be the case that the 2nd-gen coin is closely following the king ... Read more »

Category: News | Views: 136 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

Is the Bitcoin crash over? That’s what everyone is talking about in the last few days after what some are already calling the "Bitcoin crash of 2021" reached just below 30,000 dollars and went negative for the year.

In this video, we’ll look at the most recent developments around the Bitcoin crash 2021, updates with El Salvador, MicroStrategy (NASDAQ:MSTR), and even Mark Cuban.

The market has been getting hit in both directions and we’ll also go over some ideas about trading Bitcoin, as well as some altcoins that have already been rebounding.

Sourse: uk.investing.com

... Read more »

Category: News | Views: 122 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

Bitcoin has been sluggish for more than a month now for several reasons, including a crackdown by China and mixed messages of support and skepticism from Elon Musk. But another dynamic that has little to do with the fundamental case for the digital currency may weigh on it for the next month or so, according to J.P. Morgan analysts. 

The largest Bitcoin fund provider, Grayscale, periodically sells shares in its most popular fund, the Grayscale Bitcoin Trust, which now has $21.9 billion in assets under management. That trust...

Sourse: barrons.com

... Read more »

Category: News | Views: 161 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

Today’s gains will come as welcome news to Bitcoin holders, who watched the price of the world’s biggest digital token drop below US$29,460 on Tuesday.

While Bitcoin has now gained 17% since Tuesday’s lows, it remains down 47% from mid-April’s US$64,829 all-time high.

Of course in the volatile world of cryptocurrencies, not all of the top-100 tokens gained today. While some gained far more than Bitcoin’s 5%.

This crypto blew away Bitcoin’s 5% gains today
Today’s best performing crypto is…drum roll please…Celo (CRYPTO: CELO).

One Celo is currently worth US$2.83. That’s up 25% in the past 24 hours, or 5 times more than what Bitcoin has gained.< ... Read more »

Category: News | Views: 137 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

El Salvador is going to airdrop $30 worth of Bitcoin to every adult citizen, President Nayib Bukele announced Friday during his live address.   

Bukele presented a Bitcoin wallet named “Chivo” (a slang term for “cool” in Spanish) that works on both Android and iOS devices.  

Salvadorans will be able to claim the gift upon registration. They will be asked to provide their DUIs (Salvadoran IDs) and phone numbers.

Bukele believes that it will help encourage the use of cryptocurrencies.

The president offered a step-by-step guide on how to use the app on national television.        

Citizens will be able to immediately covert Bitcoin to the U.S. do ... Read more »

Category: News | Views: 106 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it
If someone receives a payment in bitcoin they can choose to automatically receive it in dollars

El Salvador's President Nayib Bukele said in a national address on Thursday that a recently passed law making bitcoin legal tender will take effect on September 7, noting that its use will be optional.

El Salvador's Congress on June 9 approved Bukele's proposal to embrace the cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.

"The use of bitcoin will be optional, nobody will receive bitcoin if they don't want it... If someone receives a payment in bitcoin they can choose to automatically receive it in dollars," said Bukele.

Salaries and pensions will c ... Read more »

Category: News | Views: 219 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

Tesla CEO Elon Musk is once again showing off his questionable sense of humor on Twitter.

The centibillionaire has just tweeted a derogatory joke that asks how many Bitcoin maximalists are needed to screw in a light bulb.

The cryptocurrency community did it best to “hash out” the answers in Musk’s replies.

Musk also said that the word actually stood for “bicurious” under Jack Dorsey’s tweet about the “The B Word” CCI initiative, which will be hosted by the Twitter CEO and Ark’s Cathie Wood.

In turn, Dorsey replied that Musk could share “all his curiosities” at the event.

Jordan Belfort, the “Wolf of Wall Street” stockbroker, ... Read more »

Category: News | Views: 135 | Added by: danyagames2007 | Date: 25.06.2021 | Comments (0)

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