Tag Archives: BTCEUR

The political situation in El Salvador is only getting worse as the day approaches when the country will start adopting Bitcoin as legal tender. On September 7 of this year, the waiting period for the Bitcoin Law to become mandatory is over. According to the text of this Law, all economic agents must accept Bitcoin along with the dollar as a means of payment. Bukele promises that the measure seeks to benefit the people and save the country close to $400 million in remittance...

The Chedi Andermatt will reportedly become the first Swiss hotel to accept digital assets as a payment method. Guests can now pay accommodation bills surpassing 200 CHF ($218) using bitcoin or ether. The Venezuelan carrier Turpial Airlines and the famous Belgian bar Dolle Mol also joined the crypto craze by adding virtual assets as a means of payment. Crypto Adoption in The Heart of The Alps According to the local media Blick, The Chedi Andermatt started accepting payments in...

The Brazilian Federal police exposed a local financial pyramid scheme and confiscated nearly $30 million in cryptocurrencies. The operation marked the largest seizure of digital assets in the history of Brazil. The New Record According to a report by CNN Brazil, the local authorities organized a special mission, called “Operation Kryptos,” to halt a fraudulent pyramid scheme operating in the area of Rio de Janeiro. After inspecting 15 different locations, the Federal Police...

Microstrategy just bagged $177M more BTC between July 1st and August 23rd. That brings Michael Saylor’s company’s total hodlings to $5.3 billion USD worth of bitcoin. Other big corporate buyers include Tesla, Square, and Galaxy Digital Holdings. The business intelligence company can’t get enough bitcoin. And it’s not the only extremely relevant and proactive company in the high tech or investing sector to be this incredibly bullish Bitcoin. In fact, Michael Saylor says he was...

Bitcoin attempted to reach $50,000 once more in the past 24 hours, but it was rejected, which drove it south hard. Most altcoins have stalled, which has enabled SOL to outplace Polkadot as the 8th largest cryptocurrency following another impressive surge and ATH. SOL’s Latest ATH Takes it to N8 Most alternative coins have performed rather similarly to bitcoin in the past few days. As such, they have remained relatively stagnant on a daily scale, despite the intraday...

Cryptocurrency scams were reportedly the most common type of fraud in Australia during the first six months of the year. Locals parted with roughly $25 million after becoming victims of such fraudulent schemes. ‘If Something Sounds Too Good to Be True, It Probably Is’ According to a recent report by the Australian Competition and Consumer Commission (ACCC), investment scams have risen to record levels in the country this year. Interestingly, frauds involving digital assets...

El Salvador will, in ten days, adopt Bitcoin as an official currency. It’s making massive investments in projects to develop end-user products to hold and spend bitcoin. The opportunities of this venture are enormous, though some warn there are risks. El Salvadorians Will Soon Find Imports Attractive Because Bitcoin is a deflationary cryptocurrency, and the oldest blockchain with the most of its limited currency already mined, and especially given the history of the BTC price...

BTC managed to find a local bottom at $46.3k, and printed an impressive daily candle close back above $48.1k, starting the weekend on a positive note. BTC bulls will be watching closely to see if the largest cryptocurrency can aim for a retest at the critical $50k level again, as a cluster of shorts remain at $49.5k. Earlier, more than 2400 BTC longs were liquidated at $46.9k and $46.6k, flushing out a large chunk of leverage on derivative exchanges. The bitcoin price managed...

Following a few days of price declines, bitcoin has bounced off and jumped to around $49,000. Most alternative coins have also reacted well to the recent slumps, with impressive increases now. ADA leads the pack with a 10% surge to above $2.8. Bitcoin Touched $49K As reported by CryptoPotato, the past few days didn’t go well for the primary cryptocurrency. It had failed to remain above $50,000 after it breached that level for the first time since mid-May and the bears had a...

Square – and Twitter – CEO Jack Dorsey is not just satisfied with saying he loves Bitcoin. He is doing everything he can to realize his dream of making BTC the global currency of the internet. In Mid July, Dorsey announced the launch of TBD, a new business aimed at facilitating the creation of decentralized financial services. Today he finally revealed that the division will be in charge of developing a decentralized exchange (DEX). We’ve determined @TDB54566975’s direction:...