A company that is changing the way the world mines bitcoin

Cryptopolitan 2025-02-01 21:30:39

El Salvador adds 5 more Bitcoins to strategic reserves

El Salvador bought 5 more BTC in the last 24 hours, bringing its total Bitcoin holdings to roughly 6055 BTC, valued at $618.9 million. The country continues to increase its holdings even though only about 8% of the Salvadorian population uses Bitcoin for transactions. El Salvador buys more Bitcoin despite its deal with the IMF El Salvador continues to acquire Bitcoin despite the International Monetary Fund’s limits. The country had agreed with the agency to reduce its Bitcoin transactions, make private-sector Bitcoin acceptance voluntary, and even limit its activity with the Chivo wallet to secure a $1.4 billion loan. A loan that the IMF has insisted will help support El Salvador’s economic reforms. The IMF noted that while many of the risks have not yet materialized, there is joint recognition that further efforts are needed to enhance transparency and mitigate potential fiscal and financial stability risks from the Bitcoin project. Nevertheless, the country has purchased 5 more BTC in the last 24 hours, pushing its holdings to 6055. On January 21, El Salvador’s government also bought 12 BTC in just two days, valued at over $1 million. At the time, it only had 6044 holdings, meaning that its BTC holdings had grown by 0.18% in less than two weeks. El Salvador’s Nayib Bukele advocated for more Bitcoin investments The Salvadorian government made Bitcoin legal tender on September 7, 2021. At the time, President Nayib Bukele maintained that he wanted 70% of Salvadorans who do not use banks to buy BTC, growing to be the asset’s most prominent backers. Bukele has continued encouraging Bitcoin acquisitions, even advocating for the “one Bitcoin a day” policy in 2024. He also blamed the opposition leaders for making individuals miss out on Bitcoin investments when BTC traded at lower prices. Bukele has received recognition for his efforts to build BTC reserves, including from Tesla CEO Elon Musk, who called the country’s Bitcoin investment impressive. Despite El Salvador’s leadership in Bitcoin adoption, Poland has now surpassed it in cryptocurrency ATM expansion. Poland added 10 new Bitcoin ATMs on Jan. 27, bringing its total to 219 active machines and surpassing El Salvador as the fifth-largest cryptocurrency ATM network globally after the US, Canada, Australia, and Spain. Poland added 24 crypto ATMs in its four-month installation spree that began in October 2024. Numerous other countries, including current leaders Canada, Spain, and Australia, continue to see an uptick in local active crypto ATMs month over month, according to Bitcoin ATM Radar data. Salvadoran digital assets regulator Juan Carlos Reyes, the president of the National Commission of Digital Assets (NCDA), said he was “very happy to see that the adoption of Bitcoin continues to expand Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

En Okunan haberler

Coinbase acquires ads platform Spindl to tack...
2025-02-02
TRUDEAU ANNOUNCES CANADA AND MEXICO COLLABORA...
2025-02-02
Canadian Regulations on Critical Minerals and...
2025-02-02
Canada Imposes 25% Tariffs on $155B Worth of...
2025-02-02
Understanding the Impact of Trade Wars on Cry...
2025-02-02
Ethereum Price Analysis: Vitalik’s Network Up...
2025-02-02
Dogecoin Whales Go Ham As They Buy 560 Millio...
2025-02-02
Dogecoin Price Stagnates While This Low Cap A...
2025-02-02

Alakalı haberler

China Condemns US Trump’s Tariff Actions: Official...
02 Feb 2025
Canada’s PM Trudeau Stands Firm: ‘We Will Not Back...
02 Feb 2025
Canadian Prime Minister Trudeau Warns of Challengi...
02 Feb 2025
El Salvador Becomes First Country to Revoke Bitcoi...
02 Feb 2025
JAPAN INTRODUCES SUPPORT SERVICE FOR FIRMS AFFECTE...
02 Feb 2025
XRP Skyrockets 280% as Ripple Rides ETF Surge and...
02 Feb 2025

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez