El Salvador announces a fuel subsidy of $0.20 per gallon to consumers who pay in BTC
As measures put in place to help spread its “Bitcoin gospel”, El Salvador’s President Nayib Bukele has announced a $0.20 per gallon cut in fuel costs for those who pay with the government-backed Bitcoin wallet Chivo. On September 30, the president announced the subsidy through Twitter, calling it “good news for Salvadorans’ pockets.” Bukele said, […]
BTC, ETH and other crypto price drops as China intensifies crypto crackdown
After the Chinese government reiterated its opposition to digital assets, the entire market capitalization of all cryptocurrencies in the industry decreased by over 5% today. The Chinese government stated that “recently, virtual currency trading hype activities have increased, upsetting economic and financial order and fostering unlawful and criminal activities such as gambling, illicit fundraising, fraud, […]
Bitget KCGI Trading Competition, with a prize pool of 100 BTC, to open for registration on October 20th
Exchange of derivatives The King’s Cup Global Invitational has begun, according to Bitget (KCGI). The contest offers a prize pool of 100 BTC and 500 million BGB, as well as additional custom-made prizes, according to the statement. The competition will run from 10:00 a.m. on October 30 to 10:00 a.m. on November 20 (UTC+8), and […]
El Salvador becomes first country to accept Bitcoin as a legal tender after 200 BTC purchase
El Salvador is the world’s first country to recognize Bitcoin as legal money, making it the first in the world to do so. Despite criticism from some local groups, the government believes that bitcoin will be a net good for the economy and society as a result of its implementation. President Nayib Bukele of El […]
Layer-two scaling protocols for Ethereum surges more than BTC
With an average gas price of $40 per gallon, it should come as no surprise that layer-two platforms are seeing an increase in utilization. According to new studies, the use of layer-two scaling protocols for Ethereum has increased dramatically in recent months as gas prices have risen again. The L2 ecosystem is now processing more […]