El Salvador has made history by becoming the world’s first country to make Bitcoin legal tender. Two years since landmark legislation was passed, the Bitcoin revolution is driving socioeconomic progress and helping people shape the nation’s future.
Bitcoin is showing signs of life, as the world’s first major cryptocurrency has seen recent jumps in prices, trading volumes, and public interest. After months as a dormant asset, Bitcoin appears to once again be gaining ground as a viable investment opportunity.
A recent report has revealed that 1 in 4 investment firms have assigned senior executives in charge of digital asset portfolios. This highlights the growing recognition of digital assets as legitimate investment vehicles, and the need for firms to stay abreast of the latest industry trends.
Since the launch of Bitcoin in 2009, the crypto industry has grown exponentially. A new report from ConsenSys sheds light on where the sector stands today, providing insights into market dynamics, regulatory landscapes and the current state of blockchain adoption.
Aura Blockchain Consortium (ABC), backed by fashion giants Louis Vuitton and Prada, has named tech entrepreneur Peter Christodoulou as its new CEO. ABC aims to create a blockchain-based platform to protect data, payments, and identities for fashion businesses.
A Russian lawmaker has declared that digital currencies such as the ruble will soon “displace conventional bank services,” saying that the use of digital technology is the nation’s future.
Bitcoin is on the precipice of forming a death cross, a negative indicator on charts, just as the USD Index teases a bullish golden crossover. Analysts are divided as to whether this could signal a recovery or a reversal of Bitcoin’s recent downtrend.
Coinbase, the largest cryptocurrency exchange in the United States, has launched crypto lending services to American investors, opening a new gate to potentially more inclusive financial products.
Noelyne Sumba of Machankura states that by putting Bitcoin on Africa’s feature phones, the unbanked population of the continent can gain access to a wealth of financial services that were previously unavailable.
The grand move is among the first of its kind, as SEBA Bank is awarded a license from the Hong Kong Monetary Authority (HKMA) to offer crypto assets and digital financial services and enable users to trade and manage crypto assets.