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Cryptocurrency Meltdown Increasing El Salvador’s Chances of Defaulting On Its Debts

Based on a report released earlier this week, it seems like El Salvador would not be able to pay up its debts after losing one-third of its investment in Bitcoin investments and legalizing Bitcoin as a legal tender. El Salvador’s President Began Investing in BTC, But It Failed The Wall Street Journal has reported that … Read more

MicroStrategy Loses $170.1M on Bitcoin Impairment Grounds – Report

MicroStrategy, a cryptocurrency financial services firm, announced its financial situation for the first quarter of 2022. The software firm announced it lost over $170 million via impairment charges on its virtual asset treasury during the report’s period. Based on the organization’s most recent financial reports, its losses due to impairment during the report’s period were … Read more

Bitcoin Set For Its Worst Bearish Week

The flagship coin could head straight into its worst week of losses in history as investors show fear of low liquidity due to the hike in interest rates.  Currently, bitcoin is arguably in the worst state, falling 7.4% last week. A further capitulation will see the largest cryptocurrency head into six consecutive weeks of losses, … Read more

American Lawmakers Seeks Risk Assessment for Fidelity’s Plan to Use BTC in 401(k) Accounts

American Lawmakers have asked Fidelity, a financial services firm, to give details about how it plans to address the liabilities involved in utilizing BTC as a retirement savings option before the 18th of this month. The country appears increasingly worried about the idea of allowing individuals to save BTC with the financial company in their … Read more

Grayscale Makes A Renewed Effort For A Spot BTC ETF Approval

Leading crypto asset management firm, Grayscale, is leaving no stones unturned in its bid for its spot BTC ETF to be approved by the SEC. Many industry analysts believe that the SEC would approve at least one spot BTC ETF before this year is over. Grayscale Makes The Push  Per multiple sources, Grayscale has made … Read more

BTC Trading Volume Hits Quarterly Low in $3.5 Trillion Dip; Binance Planning Thailand Registration

Bitcoin keeps trading lower and lower amidst an overall bearish market, a trend that began in December 2021. The trading volume of BTC in Q1 2022 reportedly sat at approximately $2.4 trillion. The trading volume of Bitcoin is reportedly about 40% of the approximately $6 trillion it recorded between January and March 2021. The largest … Read more

Bank Of America Strategist Warns That ‘Recession Shock’ Is Coming Back, And Analyst Says Crypto Might Beat Bonds

Archangel Hartnett (BOFA’s chief investment strategist) explained to buyers that the U.S. might be in recession during a weekly monetary note. BOFA strategists noted that cryptocurrencies might outperform bonds and stocks. BOFA Strategist: Inflation Is Worsening. Blockchain Cryptocurrencies Could Beat Stocks and Bonds Chief investment advisor at the Bank of America has warned that some … Read more

Michael Saylor: Biden’s Recent Executive Order Effectively Legalized Bitcoin

On April 7, CEO and Co-founder of MicroStrategy Inc., Michael.J.Saylor, revealed why he’s more bullish about bitcoin. He commented in an interview with ARK Investment Management LLC  CEO Catherine Wood on the second day of the four-day Bitcoin 2022 conference.  MicroStrategy had “bought 21,454 bitcoins at an aggregate purchase price of $250 million” as a … Read more

Philippine’s Biggest Online Payment Platform Allows Account Holders to Buy and Sell in Crypto

PayMaya, the biggest online payment platform in the Philippines, has launched different features allowing account holders to buy and sell digital assets on its platform. As the digital payment company enlarges its borders into digital assets, it advances further its national leadership in the fintech sector, making digital currencies more available to citizens of the … Read more

Bitcoin of America Partners with Miami at Bitcoin 2022 Conference

Bitcoin of America, a popular place to buy and sell virtual currencies, says it will be back at BTC 2022 in Miami in 2022. If you went to the BTC 2021 conference, Bitcoin of America gained headlines because it encouraged women to work in the crypto field.  Bitcoin of America Returns for Bitcoin 2022 Conference … Read more