Report: Crypto Adoption To Reach 8% by 2025
According to MatrixPort, institutional interest and economic uncertainties are driving the fast global adoption of cryptocurrencies. Global cryptocurrency adoption is nearing a major milestone, with 7.51% of the world’s population now using digital currencies, according to a report from MatrixPort. The report anticipates that this figure will surpass 8% by 2025, indicating a potential transition […]
El Salvador Secures $31M Profit in 3 Years of Bitcoin Adoption
El Salvador currently holds more than $31 million in Bitcoin profit, despite the widespread initial criticism. El Salvador is celebrating its third anniversary of adopting Bitcoin as legal tender, a move the country implemented on September 7, 2021, to enhance financial inclusion, improve remittance efficiency, and attract financial innovation. President Nayib Bukele’s decision positioned El Salvador as […]
Argentina Draws Insight from El Salvador’s Bitcoin Adoption
The government of Argentina collaborates with El Salvador to gain insights from its experience adopting Bitcoin and other cryptocurrency-related activities. CNV announced that the National Securities Commission (CNV), the securities regulator of Argentina, and the National Commission of Digital Assets (CNAD), the regulator of El Salvador, met to discuss the adoption and regulation of cryptocurrencies […]
MicroStrategy Buys Additional 12,000 BTC Worth $800M
MicroStrategy has concluded a new convertible note offering worth $800 million. Funds from the offering were utilized to purchase an additional 12,000 BTC to add to its treasury reserve. The announcement of MicroStrategy’s intention to issue a fresh series of convertible notes coincided with Bitcoin’s ascent to a record high on March 6. On March […]
Bitcoin’s Inflation continues until it hits 1B wallets: Scaramucci
Before Bitcoin can function as an inflation hedge, according to the CEO of Skybridge Capital, it has to be much more widely used. Although Bitcoin remains a desirable asset, according to Anthony Scaramucci, CEO of Skybridge Capital, it has not yet attained the “wallet bandwidth” necessary to qualify as an inflation hedge. The CEO of […]