The flagship digital asset, Bitcoin, in the last seven days has witnessed one of its best times in recent weeks with its value touching as high as $55,000 during the bull run. While many analysts are yet to place a finger on what triggered this run, a research note from a leading traditional bank, JPMorgan,…
A new tweet from El Salvador’s President, Nayib Bukele has hinted that the mass adoption of the leading digital asset, Bitcoin, in the country is still growing en masse as more money is being used to purchase the coin. Salvadorans keep buying Bitcoin According to the President’s tweet, “Salvadorans are inserting more cash (to buy…
In a move aimed towards attracting investors, authorities in El Salvador are reportedly set to exempt them from all forms of capital gains and income tax related to Bitcoin. Indications regarding this move began to gain wave following an announcement by one of the country’s Presidential Legal Counsel. Tax exemptions for Bitcoin investments According to…
4.5 million people will receive $30 Bitcoin ‘airdrop’ in El Salvador, President says 4.5 million adult citizens will receive an airdrop of $30 Bitcoin (BTC) each from the government of El Salvador, the country’s President, Nayib Bukele has announced. 2 min read →
The citizens of El Salvador took to the streets to protest the adoption of the country’s new Bitcoin law on Friday. According to a report from Euronews, hundreds of demonstrators marched through the capital San Salvador to express their concerns about using a cryptocurrency as a legal tender. Protestors were seen holding up signs saying…