1 / 26 Relevant items tagged with #BitcoinBTC
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Michael Saylor Predicts Bitcoin Will Reach $13 Million in 21 Years
[Sep 10 9:30 AM] Michael Saylor, Executive Chairman at Microstrategy and known bitcoin proponent, gave his personal prediction about the long-term price of the cryptocurrency. On CNBC’s Squawk Box, Saylor stated that BTC would reach $13 million in 21 years…
Putin Acknowledges Russia as a Bitcoin Mining Leader; 54,000 BTC Mined in 2023
[Sep 10 4:30 AM] During his speech at the Eastern Economic Forum, President Vladimir Putin stated that Russia had become one of the world leaders in bitcoin mining. He explained that this was made possible due to the energy surplus that can be leveraged in areas…
Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path
Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining
[Sep 6 9:30 PM] Russia will prioritize using its energy for social development instead of Bitcoin mining, according to the Ministry of Energy. Energy Minister Sergei Tsivilev stressed that if there is a surplus in certain areas, this power can be supplied to legal…
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
[Sep 5 11:30 PM] The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as…
Latam Insights Encore: Learning From El Salvador’s Lesson on Using Bitcoin as a Rebranding Tool
[Sep 3 11:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we discuss how other countries can learn to use bitcoin as a rebranding tool, following El…
Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes
[Sep 2 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining…
Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador
[Aug 31 6:40 PM] President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption has not grown as he expected…
Bitso Report Shows Argentines Leading Stablecoin Adoption in Latam
[Aug 30 10:10 PM] A recent report by Bitso, one of the largest crypto exchanges in Latin America, found that Argentines were especially inclined to use and purchase stablecoins over other cryptocurrencies. Six out of every ten cryptocurrency purchases in Argentina…
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs
[Aug 29 10:30 PM] A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible…
9 Bitcoin Mining Companies Suspend Activities After Power Fee Hikes in Paraguay
[Aug 26 10:30 PM] Nine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their…
Latam Insights: El Salvador Offers Bitcoin Instruction to 80,000 Public Servants; Mercado Libre Launches Stablecoin
[Aug 26 1:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house…
El Salvador to Educate 80,000 Public Servants on Bitcoin
[Aug 22 7:30 PM] The Bitcoin Office of El Salvador announced that 80,000 public servants will receive bitcoin instruction and certification through an educational module that is part of the Higher School of Innovation in Public Administration (ESIAP) program. The…
Latam Insights Encore: El Salvador Bitcoin’s Allure Might Help Bukele Reactivate the Country’s Economy
[Aug 20 11:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic…
BitVM Version 2 Introduces New Era for Bitcoin L2 Scaling Solutions
[Aug 18 8:30 PM] On Aug. 15, 2024, the white paper for BitVM2 was published, outlining significant advancements in Bitcoin’s layer two (L2) capabilities. Building on the foundation laid by BitVM version 1, BitVM2 aims to bridge Bitcoin to second layers with…
Latam Insights Encore: El Salvador Forges a Path to Overcome IMF’s Bitcoin-Phobia
[Aug 13 5:30 AM] Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other countries to receive help…
Latam Insights: El Salvador Advances Talks With IMF Despite Bitcoin Allegiance; Brazil Passes First Solana Spot ETF
[Aug 12 11:20 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the last week. In this issue: El Salvador holds talks with the IMF despite its Bitcoin allegiance; Brazil greenlights the first Solana spot…
Speed Launches USDT-L, Tether’s First Iteration on Top of Bitcoin’s Lightning Network
[Aug 11 8:49 AM] Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes advantage of the…
Barefoot Mining CEO: Wars Will Be Fought Over Bitcoin Blockspace
Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
Following the Crypto Downturn, Market Observers Predict a 2020-Style Comeback
[Aug 5 6:15 PM] Over the past 24 hours, as market values have declined significantly, many observers have begun discussing the current crypto market cycle and the potential for digital currency prices to recover. Data indicates that hundreds of billions of dollars…
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
Trump Has Raised $25M From Crypto Industry and Bitcoin Whales
[Aug 1 1:30 AM] Former U.S. President and presidential candidate Donald Trump has raised $25 million from the crypto industry and bitcoin whales since he began accepting donations in cryptocurrencies. He has made several promises to support the crypto sector if…
Latam Insights Encore: El Salvador Shows Bitcoin Can Be a Catalyst to Power Tourism
[Jul 29 8:02 PM] Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El…
Cantor Fitzgerald Announces New Venture to Provide Leverage to Bitcoin Investors
[Jul 29 11:30 AM] Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The…
Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns
[Jul 29 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses…
US Department of State Highlights Bitcoin’s Significance for Tourism in El Salvador
[Jul 26 6:35 AM] The U.S. Department of State has highlighted the relevance of recognizing bitcoin as a legal tender for the rebirth of tourism in El Salvador. In a recently released investment climate report, the department states that this factor has given…
Lightning Labs Rolls out Taproot Assets Seeking to Bring Stablecoins to Lightning Network
[Jul 26 5:20 AM] Lightning Labs, an institution dedicated to research and development related to the Lightning Network, Bitcoin’s second layer, has announced the rollout of Taproot Assets. This solution allows for issuing multiple tokens on top of it. The…
Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil
[Jul 25 10:30 PM] Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing…