Bukele celebrated the recent bitcoin rally and the $ 100K milestone, posting a screenshot of El Salvador’s bitcoin investment unrealized gains. Fighting tooth and nail against naysayers, including institutions like the IMF, the leader brought in over $ 300 million in profits from one of the largest nation-state bitcoin trades. Bukele Shows El …
Indian Expert Questions Legality of US Sanctions on BRICS Over Dollar Exit
Duvvuri Subbarao, former Governor of the Reserve Bank of India, cast doubt on Donald Trump’s proposal to impose 100% tariffs on BRICS nations if they abandon the dollar, calling it legally and practically uncertain. He questioned whether U.S. laws allow sanctions based solely on shifting away from the dollar or how such actions would be […]
XRP Becomes 4th Largest Cryptocurrency as Ripple Fuels Optimism Over Pro-Crypto Policies
XRP has surged to become the fourth-largest cryptocurrency, overtaking solana (SOL), as legal clarity and regulatory optimism spark renewed confidence among investors. XRP Soars Past Solana, Reclaiming a Top Crypto Spot XRP has displaced solana (SOL) to become the fourth-largest cryptocurrency by market capitalization, following an impressive increase in value during November. As of writing, […]
Bitcoin Miners Raised Over $5 Billion in 2024 With $3.6 Billion Spent on Machines and Infrastructure
Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $ 5 billion in 2024, according to theminermag.com. The report also revealed that Q3 had the biggest property, plant, …
EU Banking Rules Give Crypto Firms an Edge Over US Counterparts, Analysis Finds
European Union banking regulations have provided a significant competitive advantage for crypto firms compared to the challenges faced by their U.S. counterparts, according to an analysis by Patrick Hansen, senior director of EU strategy and policy at Circle. Circle Exec: Regulatory Clarity Helps Europe Surpass U.S. in Crypto-Friendly Banks According to Hansen’s report, he highlights […]