El Salvador, the first country to make Bitcoin legal tender, is still buying Bitcoin, going against claims made by the International Monetary Fund (IMF). Recent data shows that the country acquired 7 Bitcoin valued at over $650,000 in the week before April 27. Despite IMF statements insisting that El Salvador is sticking to its agreement ...
TRON (TRX) is gaining attention as the cryptocurrency Market experiences a bullish surge, driven by significant developments. The network recently surpassed $70 billion in Tether (USDT) supply, reinforcing its lead in stablecoin transfers over competitors like Ethereum and Solana. Analysts predict TRX could break out towards $0.45, bolstered by its increasing correlation with Bitcoin. With ...
El Salvador has paused public sector Bitcoin purchases to meet conditions of a $1.4 billion loan from the International Monetary Fund (IMF). Despite this, President Nayib Bukele is still acquiring Bitcoin through private channels, buying one Bitcoin daily using undisclosed funds. The IMF emphasizes that El Salvador’s economic reforms go beyond Bitcoin, focusing on fiscal ...
El Salvador has paused public sector Bitcoin purchases to meet conditions set by the IMF for its $1.4 billion loan. Despite this suspension, President Nayib Bukele continues to acquire Bitcoin through private funding channels. The country still aims to use Bitcoin as part of its economic strategy, even while adhering to IMF requirements, which focus ...
Whales and big institutions continue to aggressively accumulate Bitcoin, with Strategy, co-founded by Michael Saylor, hinting at a significant Bitcoin investment announcement soon. After acquiring $555 million worth of Bitcoin recently, experts speculate that the next investment could be even larger, potentially ranging from $1.4 to $1.6 billion. This surge in whale investment has contributed ...
The Federal Reserve has relaxed its previous rules regarding banks’ involvement with cryptocurrencies and stablecoins. This move, in line with similar decisions by the FDIC and the Office of the Comptroller of the Currency, allows banks to engage in crypto activities without prior notice to the Fed. The Fed aims to ensure its expectations align ...
The Federal Reserve has officially relaxed its guidelines for banks dealing with cryptocurrency and stablecoins, aligning itself with the FDIC and the Comptroller of the Currency. This change means banks no longer need to inform the Fed before engaging in crypto activities, as the Fed will now monitor these actions using standard oversight methods. This ...
Bitcoin supply on centralized exchanges has hit a record low, with only 2.5 million BTC available as of April 2025—a decrease of 500,000 since the end of 2024. This trend indicates that investors are increasingly moving their Bitcoin to private wallets for long-term holding. Major institutional players, like Fidelity, are also contributing to this decline ...
Bitcoin supply on centralized exchanges has hit a record low, with only 2.5 million BTC available as of April 2025—a decrease of 500,000 since the end of 2024. This trend indicates that investors are increasingly moving their Bitcoin to private wallets for long-term holding. Major institutional players, like Fidelity, are also contributing to this decline ...
April has been a chaotic month for traders, marked by fluctuating markets and mixed messages about President Trump’s tariffs. Traditional safe-haven assets like gold and the US dollar struggled, leaving many investors confused about where to secure their money. Surprisingly, bitcoin emerged as a standout option. NYDIG Research noted that bitcoin is increasingly viewed as ...
