Author: Maria
Central American country, El Salvador has realized significant profits from its extensive Bitcoin reserve. The country which previously accepted Bitcoin as a legal tender has now made hundreds of millions of dollars in gains as Bitcoin surged past $66,000 recently. El Salvador Bitcoin Profits Soar El Salvador’s audacious Bitcoin bet continues to pay off as the country’s profits have risen significantly following the cryptocurrency’s surge to $66,000 on May 16, 2024. Over the past three, the country has aggressively accumulated a staggering amount of BTC.Related Reading: Shiba Inu Burn Rate Suffers Scathing 91.94% Crash, What’s Happening? Against all criticism and…
Litecoin has become the new king of cryptocurrency payments, as more users are increasingly adopting this popular digital currency over Bitcoin to execute transactions on the crypto payments platform, Bitpay. Litecoin Surpasses Bitcoin In Crypto Payments In a recent X (formerly Twitter) post, the Litecoin team announced that LTC has become the number one cryptocurrency for payments on BitPay. The team shared a pictorial chart showing the top seven most preferred crypto payment options on BitPay. Litecoin led the pack, scoring an impressive 41.38% in Bitpay’s payment count, nearly doubling Bitcoin which was the second largest, at 21.55%. Ethereum and…
The Akita Inu, a majestic breed hailing from Japan’s northern prefecture of Akita, has gained international acclaim in recent years. To combat rising concerns about pedigree forgery and lost documents, the Akita Inu Preservation Society is embracing the digital age. They’ve partnered with a tech firm to develop a secure system using blockchain technology, the same system that underpins cryptocurrencies. Akita Goes Global: Digital Pedigrees Meet International Demand The Akita Inu Preservation Society has witnessed a surge in overseas membership, with numbers jumping from 300 in 2022 to nearly 500 in 2023. This international interest presents a challenge – ensuring…
Summary: The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billionThe purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds 80,394 BTC The Luna Foundation Guard has acquired an additional 37,863 Bitcoin worth $1.5 billion to further back its popular stablecoin of UST. The recent purchase of Bitcoin was carried out in two transactions: $1 billion with Genesis Trading and $500 million worth of Bitcoin through 3 Arrows Capital (3AC). With this purchase, the Luna Foundation Guard now holds 80,394 Bitcoin worth…
After hitting an all-time high of $73,737 in mid-March, the price of Bitcoin has not been able to sustain itself at a high level of vigor and strength. The premier cryptocurrency did, in fact, enter a new era with the April halving event, but its price performance in the past weeks has yet to reflect this. However, Bitcoin enjoyed a stroke of fortune in the past week, with its price climbing above $67,000 for the first time in nearly a month. Although the sentiment around the crypto market and its leader has not been particularly encouraging in the last few…