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An Overview of the Investigation An investigation conducted by the Organized Crime and Corruption Reporting Project (OCCRP) has revealed that Nayib Bukele, the President of El Salvador, misused hundreds of millions of dollars provided by the Central American Bank for Economic Integration (CABEI) for the development of the Bitcoin legal tender project. The OCCRP's report, […]

Introduction Stanley Druckenmiller, a billionaire hedge fund manager, recently expressed his thoughts on bitcoin during a fireside chat with Paul Tudor Jones at the JPMorgan/Robin Hood Investors Conference in New York City. While Druckenmiller does not currently own any bitcoin, he believes that he should. He sees bitcoin as a brand and recognizes its appeal

The renowned payments company Paypal has achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, as confirmed by the FCA's official website on October 31. This achievement follows Paypal's temporary suspension of crypto purchases within the U.K., with plans to reinstate these services in early 2024. FCA Grants Approval for Paypal to

Introduction The Brazilian Tax Authority (RBF) has recently acknowledged the significant growth in stablecoin trading in the country's cryptocurrency market. Stablecoins, which are tokens tied to the value of other currencies, have gained popularity due to their stability in value and potential use as a means of payment. USDT Dominance in the Brazilian Market Tether's

Introduction The year-to-date performance of bitcoin (BTC), the leading digital currency by market cap, has been remarkable, with an increase of over 100%. This has sparked curiosity about the duration of its upward trajectory. Gareth Soloway, the head market strategist at inthemoneystocks.com, recently discussed the potential longevity of this rally and also touched upon the

Bitcoin Falls Below $35,000 Again After briefly surpassing the $35,000 level on Wednesday, bitcoin has once again retreated below this mark during today's trading session. Despite the decline, the cryptocurrency continues to trade near its 18-month high on Thursday. Yesterday, bitcoin reached a high of $35,133.76 before dropping to an intraday low of $34,151.88 earlier

As anticipation of a spot bitcoin exchange-traded fund (ETF) approval in the U.S. grows, the price of bitcoin has been trading higher, reflecting a shift in investor moods. This week, the Crypto Fear and Greed Index (CFGI) entered the green zone, indicating positive market sentiments. Surge in Bitcoin Price The price of bitcoin has experienced

Bitcoin's Market Dominance and Potential Bitcoin (BTC), the leading cryptocurrency by market cap, has garnered significant attention in the digital currency realm due to its robustness and market dominance. Currently, its value hovers just below the $34,000 mark. As per the latest bitcoin price prediction report from finder.com, industry specialists provide insights into anticipated future

Institutional Crypto Activity Drives North America's Market According to a report by blockchain forensics firm Chainalysis, North America is the world's largest cryptocurrency market, with a value of approximately $1.2 trillion received on-chain between July 2022 and June 2023. This represents 24.4% of the global transaction activity during the studied period. The report also highlights

Bitcoin Futures: A Growing Market Bitcoin futures open interest (OI) has witnessed a significant surge in the past day, with CME Group's OI reaching an impressive 100,000 bitcoin, equivalent to $3.4 billion. This surge is not limited to CME Group alone; platforms like Binance, Deribit, Bitget, and Okx are also experiencing substantial upticks in open