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“# President Bukele predicts Bitcoin $100k rally, further legal adoption and more ” Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. Since legalization, the president acquired 1,370 BTC for the country’s reserve and reinvested its unrealized…
“# Crypto makes history in 2021: Five instances of governments embracing digital assets ” As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing $68,000 for the first time since inception, the year of 2021…
“# Law Decoded: Three regulatory trends of 2021, Dec. 20–27 ” It is that time of the year: Singular events must be abandoned in favor of end-of-year, big-picture narratives and yearly lessons learned. As many governments across the globe finally had to face the rapidly mainstreaming realm of digital finance, the year is packed with…
“# Some Salvadorans claim funds are missing from their Chivo wallets ” Some of the money from El Salvador’s state-issued Chivo wallets is reportedly missing, according to many Salvadorans posting on social media. In a Dec. 16 Twitter thread started by user “the commissioner,” at least 50 people in the country have reported losses totaling…
“# Crypto Twitter year in review: 10 influential tweets of 2021 ” Another year has come and gone in the cryptocurrency industry, leaving behind an ocean of developments, drama, price swings and innovation — all moving at a breakneck pace that even Barry Allen would have a hard time keeping up with. Similar to previous…
“# President Bukele fires back at critics on ‘Bitcoin experiment’ ” On Thursday, President Nayib Bukele of El Salvador reaffirmed his belief forBitcoin (BTC) supremacy on Twitter once again, this time stating that after widespread adoption occurs, “it’s game over for fiat.” The Salvadoran president has been a mainstay in news headlines due to his regular…
“# Top 5 bullish Bitcoin stories of 2021 ” In terms of price action, cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are ending 2021 with a whimper, confounding expectations for an end-of-year blow-off top scenario. A six-figure Bitcoin by December became a consensus trade among many analysts, investors and market observers who were expecting the…
“# El Salvador buys 21 Bitcoin to celebrate December 21, 2021 ” The government of El Salvador continues celebrating significant days by buying more Bitcoin (BTC), with president Nayib Bukele announcing a new purchase of 21 BTC on Tu. Worth around $1,036,000 at the time of writing, El Salvador’s latest BTC investment is to celebrate…
“# The biggest winners and losers of the crypto industry in 2021 ” The cryptocurrency and blockchain industry experienced explosive growth in 2021, particularly in its decentralized finance (DeFi) and nonfungible token (NFT) sectors. The year was also marked by continued price volatility, baffling behavior from China, a grand experiment in Central America, escalating institutional…
“# El Salvador stacks 150 Bitcoin after BTC price crashes below $50k ” The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November. Salvadoran president Nayib Bukele announced the purchase of 150 BTC as…