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“# Russian State Hermitage raises $440K via Binance NFT auction ” Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs. The Russian State Hermitage Museum, the largest museum in…
“# Bitso to assist the launch of El Salvador’s official Bitcoin wallet Chivo ” Bitso, a major cryptocurrency exchange in Latin America, will be the core crypto service provider for El Salvador’s official Bitcoin (BTC) wallet known as Chivo. In conjunction with Bitcoin becoming legal tender in El Salvador, Bitso announced on Sept. 7 that…
“# Not Legal Advice… America: The world’s most creative junkie ” Not Legal Advice… is a monthly column from Zachary Kelman, Cointelegraph’s general counsel. He is a New York-licensed attorney specializing in political, legal and regulatory issues surrounding Bitcoin, digital currencies and blockchain technology. For two decades, United States presidents kept the American military in…
“# Retirees in El Salvador protest against Bitcoin adoption ” Amid El Salvador preparing to officially enforce the country’s Bitcoin (BTC) law in early September, Salvadorans took to the streets to protest over the adoption of BTC as an official currency. El Salvador’s anti-Bitcoiners have expressed discontent regarding the government’s plans to adopt Bitcoin as…
“# Bitcoin set to replace gold, says Bloomberg strategist on Bretton Woods’ 50th anniversary ” Bitcoin (BTC) is replacing gold even as United States’ regulators attempt to disrupt its advance, said Mike McGlone of Bloomberg Intelligence on Monday. The senior commodity market strategist credited the “digitization of money and finance” behind the Bitcoin market’s superior…
“# Cambodia explores cross-border transactions of CBDC-like Bakong ” The National Bank of Cambodia (NBC) continues progressing with its central bank digital currency-like initiative known as Bakong, disclosing several project milestones. NBC’s director-general and the Bakong project lead Chea Serey said in a Wednesday interview with The Nikkei that Bakong’s electronic wallet reached 200,000 users in June,…
“# Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis ” Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the Fox Business cable network on July 29, in which she called for…
“# Inside El Salvador’s Bitcoin experiment: Cointelegraph video report ” Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar. The country’s new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as…
“# BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is nearing $40,000 this Monday as a new week gets underway with a bang for bulls. A calm but confident weekend culminated in a dramatic run-up overnight Sunday, with BTC/USD swiftly nearing the top of…
“# Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA ” A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance. The wave, which was instrumental in strengthening Bitcoin’s bullish bias across 2020 as support, flipped to become a resistance during the May…