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El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts
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The crypto market has been limping based on massive liquidations, affecting retail and institutional investors.
El Salvador has also been on the receiving end with a loss of more than $11 million, given that it holds at least 1,391 Bitcoin, according to Bloomberg.
The nation’s president, Nayib Bukele, has not...
Rio de Janeiro Plans to become “Crypto Rio” by Storing Part of its Reserves in Bitcoin
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Following in the footsteps of Miami, Brazilian city Rio de Janeiro plans to enter the crypto space by having 1% of its reserves in Bitcoin.
Speaking during Rio Innovation Week, Mayor Eduardo Paes revealed that the city of Rio de Janeiro is eyeing to invest part of its Treasury...
Block Inc, formerly known as Square, will begin mining Bitcoin with its mining system based on custom silicon and open source for individuals and businesses worldwide.
Block's co-founder Jack Dorsey first suggested the idea on October 15, 2021, and said mining needs to be more distributed and more efficient.
Thomas...
Gemini, a $7.1 billion cryptocurrency exchange, announced Thursday that it has acquired five-year-old San Francisco-based digital asset portfolio management firm BITRIA to provide a digital asset ecosystem for wealth management institutional asset managers.
Gemini said that upon completion of the acquisition, it will seek to integrate BITRIA’s digital asset...
Christopher Giancarlo, the former Chairman of Commodity Futures Trading Commission (CFTC) has joined blockchain-focused investment firm CoinFund as a strategic advisor.
Billed to advise the firm on matters relating to policy, Giancarlo will bring years of experience serving as a major figure in the United States regulatory landscape.
“It is a distinct...
Composable Finance, a robust cross-chain and cross-layer infrastructure with intuitive tools for developers, which prides itself as the face of DeFi, has won the 8th slot in the 7th Polkadot Parachain auctions.
With over nine thousand crowd-loan participant contributions which amounted to 6,075,485 DOT valued at over $163 million,...