Tags : people

Bitcoin

The people of El Salvador are protesting against Bitcoin bill

President Nayib Bukele’s bill that granted Bitcoin (BTC) a legal tender status in El Salvador is yet to be enforced in September but after the country’s distrust of the new legislation became apparent through opinion surveys, Salvadorans started voicing their disapproval in the streets.  Bukele effectively pushed the law through parliament, thanks to his Nuevas […]Read More

Bitcoin

4.5 million people will receive $30 Bitcoin ‘airdrop’ in El

4.5 million adult citizens will receive an airdrop of $30 Bitcoin (BTC) each from the government of El Salvador, the country’s President, Nayib Bukele has announced.  El Salvadorans to get a digital wallet President Bukele made the announcement on Thursday as part of the package citizens of the country would benefit from following the introduction […]Read More

Regulation

1,100 people arrested in China over alleged crypto fraud

Chinese police busted a network of more than 170 criminal groups as they arrested 1,100 suspects involved in money laundering by buying cryptocurrencies, security officials said in a statement. The charged individuals are accused of converting illegal proceeds into cryptocurrencies via crypto exchanges, the Ministry of Public Security said, without revealing the amount of money […]Read More

Market

More People HODLing Bitcoin Hurts Case for Buying, Selling With

Bitcoin liquidity appears to be falling as the demand that has driven the recent bull market appears to be concentrated among a relatively small number of investors who are unwilling to sell, according to new research by Morgan Stanley. That lack of liquidity potentially hurts its use for transactions, the investment bank said. Addresses holding […]Read More

Bitcoin

Shyft Network’s Joseph Weinberg on the meaning of Bitcoin (and

The DeFi market has boomed in 2020, attracting billions of dollars across use cases like lending, derivatives, decentralized exchanges, and others. But along with that came outsized risks. Scams and rugpulls became as common as 2017 during a short period in 2020, with even storied projects like Eminence, Harvest Finance, and others suffering from poor […]Read More