On Wednesday (25 January 2023), macroeconomist and crypto analyst Alex Krüger shared his thoughts on Bitcoin’s latest price action. He told his over 150K...

Bitcoin is once again leading the market in the most recent descent into the red. This has seen the pioneer digital asset fall to...

Cryptocurrencies’ values have been diving due to the current bloodbath in the crypto market. Likewise, the largest and most popular cryptocurrency, Bitcoin, also continues...

El Salvador spent $15 million on the latest BTC dip which puts the amount held by the country at just over 2300 BTC so...

U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has […]

Texas senator Ted Cruz just bought the latest Bitcoin dip confirming that he is ready to put his money where his mouth is as we are reading further in our latest Bitcoin news. According to the financial disclosures filed on Friday 4th, Ted Cruz bought the latest Bitcoin dip and purchased between $15K and $50K […]

Senator Rafael ‘Ted’ Cruz of Texas, a junior Republican, is putting his money where his mouth is.  Cruz purchased between $15k and $50k worth of Bitcoin on January 25th, according to a financial report filed on February 4.  Bitcoin was trading between $36k and $37k at the time, and it has since increased to its current price of roughly $41,600. His current profit on the purchase is in the range of $2,000 – $6,850, assuming he hasn’t sold his bitcoins and paid any short-term capital gains taxes. Cruz spent most of the latter half of the crypto bull run connecting himself with the blockchain and cryptocurrency business, following in the footsteps of fellow Senator Cynthia Lummis of Wyoming, as his state profited from an influx of Bitcoin mining companies. He has lobbied for the acceptance of cryptocurrency payments in gift shops and vending machines throughout the United States Capitol complex. He spoke against a provision in the recent infrastructure bill that critics say would broaden the definition of a ‘broker’ to include miners, validators, and coders.  According to the Texas Department of Banking guidance on Virtual Currencies, “no currency exchange license is required in Texas to conduct any type of transaction exchanging virtual with sovereign currencies.”

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Texas Senator who talks a big game actually has something to show for it.

Amid the price carnage this week, Crypto Twitter turned to jokes and memes, and mocked a DAO that was confused about IP.

The post If Bitcoin (BTC ) Fails To Hold This Level , $30k Looks Imminent ! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

As the overall crypto market value plummeted to $1.51 trillion on January 22, market-wide portfolio derisking and selling pressure across the global crypto market showed no signs of abating. Bitcoin’s price fell below $35K, and Ethereum’s price fell below $2300. Nonetheless, a fresh week looked to bandage the recent losses, with Bitcoin recording tiny gains …

The president of El Salvador, Nayib Bukele announced the purchase of 410 Bitcoin (BTC) for $15 million in the midst of a day of sharp declines in the cryptocurrency markets, as the flagship cryptocurrency trades below $37,000, last seen during July 2021. “I was wrong, didn’t miss the Bitcoin dip. El Salvador just bought 410 BTC for only 15 million dollars, Some guys are selling really cheap,” Bukele said in a Tweet on Friday. Nope, I was wrong, didn’t miss it. El Salvador just bought 410 #bitcoin for only 15 million dollars 🥳 Some guys are selling really cheap 🤷🏻‍♂️ https://t.co/vEUEzp5UdU — Nayib Bukele 🇸🇻 (@nayibbukele) January 21, 2022 With the latest addition, the total Bitcoin holding of El Salvador stands at 1801 BTC, currently valued at about $66 million. A few hours before the announcement, news was also revealed that the government of El Salvador has planned on offering small and medium-sized companies (SME) for $10 million in crypto loans during the first quarter of 2022. Acumen, a Solana-based lending platform, will be financing the initiative of the National Commission for Micro and Small Businesses (CONAMYPE) with an annual interest between 6 percent and 7 percent with a maximum of 10 percent. The platform will use stablecoins like USDC or USDT to Conamype which would then distribute to entrepreneurs through Banco Hipotecario, a government-owned bank. The entrepreneurs would then pay the loan and its interest in the U.S. dollars to the Mortgage Bank, which would then be in charge of paying the debt to Acumen. In September, El Salvador became the first country in the world to adopt bitcoin as legal tender despite criticisms from global financial institutions like the IMF and World Bank. After the acceptance of BTC, the country announced tax exemption for foreign investors on BTC profits. The President of El Salvador later pledged to build a tax-free Bitcoin City for certain crypto investors in addition to establishing geothermal bitcoin mining facilities to make the Central American country a global crypto mining hotspot.

The post El Salvador Just Bought 410 BTC for $15M appeared first on Cryptoknowmics-Crypto News and Media Platform.

Well, the broader cryptocurrency has entered the second consecutive day of massive correction with Bitcoin bleeding deep red. Although Bitcoin has corrected a staggering 47% from its all-time high of $69,000, here’s why we think one should still wait and not jump in straight away to buy the dips. Despite Bitcoin correcting heavily over the

The post Here’s Why You Should NOT Yet Buy the Bitcoin Dip, Miner Capitulation Ahead? appeared first on CoinGape.