El Salvador has recently purchased an additional 5 Bitcoin for about $415,000 as the cryptocurrency dropped to around $83,000. This purchase boosts the country’s total Bitcoin holdings to 6,100, valued at roughly $510 million. The acquisition comes shortly after the International Monetary Fund approved a $1.4 billion loan to El Salvador, which stipulates that the ...
The Swiss National Bank (SNB) firmly rejects the idea of including Bitcoin in its national reserves, citing issues such as high volatility and limited liquidity. This decision comes amidst rising advocacy for cryptocurrency, especially from cities like Zug and Lugano, which embrace digital currency innovations. SNB President Thomas Schlegel emphasizes the risks of accepting Bitcoin, ...
Gold Dollar (USDKG) is a unique gold-backed stablecoin from Kyrgyzstan, combining the stability of gold with the advantages of blockchain technology for secure and transparent transactions. Unlike many countries pursuing central bank digital currencies (CBDCs), Kyrgyzstan has chosen an open regulatory approach that promotes crypto innovation and financial inclusion. This strategy aims to enhance cross-border ...
A few years ago, companies entering the crypto Market were uncertain, but now a focus on Bitcoin appears to be a smarter move. Companies like Block, which embraced Bitcoin early, are reaping the rewards as the crypto Market grows. PayPal has also engaged in the crypto space more wisely by integrating Bitcoin into its services ...
Iraq’s central bank is taking significant steps towards a digital economy by planning to introduce its own digital currency to replace traditional paper notes. Governor Ali Al-Allaq announced that this initiative is part of a broader shift in the global financial system, as many central banks around the world move towards digital currencies. The bank ...
As of February 24, 2025, at 5:11 PM EST, the current price of Bitcoin (BTC) is $93,301.70. Recently, it has experienced a decline of 3.09% over the past five days. Additionally, the cryptocurrency has shown a slight drop of 0.53% since January 1, 2025, but it has gained 2.39% in value when compared to its ...
A top executive at Coinbase announced that the Securities and Exchange Commission has dropped its legal action against the cryptocurrency exchange. Paul Grewal, Coinbase’s chief legal officer, described this as a victory for the company, its customers, and individual freedom, stating that the case should never have been filed. The SEC initially sued Coinbase in ...
Rezolve Ai, a leader in AI-driven commerce solutions, has launched a $1 billion Bitcoin treasury program, starting with an initial investment of $100 million. This strategic initiative aims to support the upcoming launch of its crypto payment platform in collaboration with Tether, the largest entity in the digital assets sector. By holding Bitcoin, Rezolve Ai ...
Pi Network launched its Open Mainnet on February 20, 2025, moving to a fully decentralized system. This event caused significant price shifts for Pi Coin, which initially rose to $1.97, then fell to $0.737, and later bounced back to around $1.55 as of February 24, 2025, with high trading volume. Analysts see potential in Pi ...
Bitget, a leading cryptocurrency exchange, has announced the listing of Zoo ($ZOO), a popular play-to-earn game on the Telegram platform. The spot trading for Zoo will commence on February 25, 2025, with withdrawals starting on February 26. Launched in December 2024, the game allows players to create and manage virtual zoos and earn ZOO tokens. ...
