Bitcoin Is Apparently Mexico’s Third Richest Man’s Gold
Ricardo Salinas Pliego boosts his bet on Bitcoin (BTC) as gold and the US currency come under fire. Pliego, Mexico’s third-richest man , considers Bitcoin (BTC) to be the “new gold.” He revealed in a tweet on June 27 that he prefers Bitcoin to fiat currency or gold as an investment. Pliego emphasizes the advantages of […]
CME’s Micro Bitcoin Futures Contract Already Topped 1 Million Contracts Traded Since Its Debut On May 3
In early May, the Chicago-based derivatives market CME unveiled its Micro Bitcoin futures product, which allows investors to take smaller positions. The CME Group’s newly released Bitcoin (BTC) micro contract saw a significant jump during the first two months of trading, signaling that institutional exposure to cryptocurrencies via derivatives continued to grow in the second […]
Is This What It Seems? Israel Are Exploring Crypto
Both states are investigating crypto at the same time, but for different reasons. Although Palestine and Israel are no closer to peace, they do have one thing in common: they are both researching digital currency. According to Bloomberg, the Palestinian Monetary Authority has initiated two feasibility studies exploring the creation of a Palestinian digital currency. […]
Could The Recent Recovery Be A Glimmer Of Hope For Bitcoiners?
Bitcoin experienced again another tumultuous week, with its price dropping below $30k on Tuesday. On the same day, the market capitalization of bitcoin plummeted by over $68 billion. At the time of publication, the market’s largest crypto appeared to be recovering from its 10.6% weekly loss and was trading around the $30k price level. BTC’s […]
El Salvador’s Financial Institutions Could Face More Financial Regulations
El Salvador has become the first country to recognize Bitcoin as legal cash earlier this month, adopting a bill to that effect. El Salvador is even going so far as to airdrop $30 worth of Bitcoin to its registered citizens. While the aforementioned bill will take full effect on September 7, 2021, the country’s regulators […]