El Salvador to change Bitcoin plans to secure $1.3bn IMF loan
El Salvador would also receive $1 billion in lending from the World Bank and $1 billion from the Inter-American Development Bank Under the IMF agreement, El Salvador would change a legal requirement making businesses accept Bitcoin as payment Since 2021, the IMF has been against El Salvador’s Bitcoin Law, asking the government to “narrow its […]
Amazon shareholders call for the company to hold 5% of its assets in Bitcoin
MicroStrategy’s stock has outperformed Amazon’s stock by 537% in the past year The proposal calls for Amazon to include some Bitcoin to maximize shareholder value without taking on too much risk Last week, Michael Saylor, CEO of MicroStrategy called on Microsoft to adopt Bitcoin, calling it “digital capital” A group of Amazon shareholders has requested […]
What happened in crypto this week
It’s been another busy week in the crypto market: Virgin Voyages accepts Bitcoin, Donald Trump selects Paul Atkins as next US SEC chair, Coinbase won’t work with anti-crypto law firms, Michael Saylor urges Microsoft to accept Bitcoin, and Bitcoin hits over $100,000 for the first time. Let’s look at these and recap what happened this […]
2024 saw crypto markets dramatically mature
2024 was a landmark year for the cryptocurrency market. It was a year when the market matured, barriers to the institutional investing world came down, and international regulations started to pave the way for digital currencies to enter the mainstream global financial system. With a President-elect keen on making the US a global crypto hub, […]
Donald Trump names David Sacks as “AI and crypto czar”
David Sacks is the former PayPal COO and founder of Yammer, a SaaS company He will work on a legal framework providing the crypto industry with the clarity it wants US President-elect Donald Trump has announced that David Sacks will be the lead policy advisor on artificial intelligence and crypto, dubbing him the “White House […]
CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run?
The ongoing bull cycle has caused a notable rise in activity in the crypto market. For Bitcoin, CryptoQuant projects a $146,000 cycle high. In the meantime, the firm predicts Ethereum to follow a historical pattern in its MVRV Ratio to enter a second bull market. Despite the positivity in the top two cryptocurrencies, a growing […]
Bitcoin’s journey to $120,000 could lift Solana to $624 and ignite a rally to $6.50 for this $0.125 SOL competitor
Bitcoin’s impressive climb towards $120,000 is set to create ripples across the crypto market, with Solana (SOL) projected to surge to $624 according to some analyst forecasts. Amid this rally, Rexas Finance (RXS), a rising competitor to SOL, could offer a golden opportunity for investors. Currently priced at just $0.125, RXS could be primed to […]
Bitcoin hits $100k for the first time as bull run continues
Bitcoin reached the milestone on December 5 Over the past 30 days, Bitcoin has increased in value by nearly 50% and 140% in YTD value It comes as President-elect Donald Trump named Paul Atkins as the next US SEC chair Bitcoin has reached a new all-time high, hitting $100,000 for the first time, continuing its […]
Sir Richard Branson’s Virgin Voyages becomes first cruise line to accept Bitcoin payments
Virgin Voyages becomes the first cruise line to accept Bitcoin for bookings. Passengers can use Bitcoin to book for cruises including the upcoming Virgin Voyages’ Annual Pass. Virgin Voyages targets younger travellers with crypto adoption in a competitive market. Virgin Voyages, the innovative cruise line founded by Sir Richard Branson, has announced that it now […]
dtcpay to phase out BTC, ETH support amid services shift
dtcpay has announced that it will be shifting its payment services to stablecoins only effective 2025 The Singapore-based platform will phase out Bitcoin and Ethereum by the end of the year Singapore-based payment institution dtcpay will no longer be supporting Bitcoin and Ethereum as payment modes. The licensed payment platform said the move will be […]