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🔹Latest Crypto News, Updates, Analysis and Deeper Insights in the whole Crypto space. 🔹No subscription fee🔊 @CryptoWorldNews @CryptoWorldICOs @CryptoWorldAnalysis Admin of the Channel: @AdamCWN ✔️
💰 Bitcoin will unite a deeply divided country - and eventually the world 🌎
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🇸🇻 El Salvador: How Unconventional Economic Decisions Lead to Surprising Outcomes
🪙 In June 2021, the President of El Salvador, Nayib Bukele, introduced a bill that was enacted in September of the same year. This legislation mandates the use of Bitcoin for the payment of goods and services by businesses and organizations in El Salvador.
💰 Currently, El Salvador holds cryptocurrency assets amounting to over 5,700 BTC, valued at approximately $312 million USD, placing it fifth among countries that have officially disclosed their cryptocurrency holdings.
✍️ To promote the use of Bitcoin, the Government of El Salvador is conducting an active campaign for its widespread adoption:
1️⃣ Launch of a National Crypto Wallet: To encourage citizens to use Bitcoin, the government launched the national crypto wallet "Chivo." Salvadorans received cryptocurrency equivalent to $30 USD upon registration. Additionally, many institutions have installed ATMs that exchange cryptocurrency for cash. These actions draw attention and facilitate the spread of cryptocurrency among the population.
2️⃣ Crypto Licensing: The country has introduced a system of crypto licenses that simplifies the registration and regulation of cryptocurrency operations. These requirements include company registration in El Salvador, compliance with anti-money laundering (AML) and know your customer (KYC) regulations, and ensuring the security of client data.
3️⃣ Technical Infrastructure: The government is actively developing infrastructure to support the use of Bitcoin in the country.
International Initiatives: El Salvador is actively promoting the use of cryptocurrencies for international transactions as part of its foreign trade activities.
📃 This underscores both the innovative strides El Salvador is making in the realm of cryptocurrency and the considerable challenges and risks that accompany such a bold economic experiment.
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NEW: 🇺🇸 A new report from River, a Bitcoin fintech company, predicts that 10% of U.S.-based companies will convert 1.5% of their treasury reserves—equating to roughly $10.35 billion—into #Bitcoin over the next 18 months 👀
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💰 “Bitcoin is being traded as a risk asset, when in fact #btc is “protection” or insurance.”
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🥇 Since launching in 2009 #Bitcoin has had more trading hours than the stock market since 1971.
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NEW: 🟠 Preston Pysh with a mind blowing example of how Bitcoin is repricing the world and with US debt interest exceeding the defense budget, inflation is here to stay 👀
Might wanna get some #Bitcoin, because it is catching on!
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NEW: 💰 The percentage of Bitcoin that hasn't moved in over ten years is now at 16.84% 💪
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NEW: 🇻🇪 Leader of Venezuelan Opposition says "We are grateful for the lifeline that #Bitcoin provides and look forward to embracing it in a new, democratic Venezuela."
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RECENT: 💰 Marathon Digital’s Fred Thiel explains how Bitcoin can be used to offset the $35T US national debt and how nation states will be competing over BTC power projection as a sovereign reserve asset❗️
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💰 “Every country is now gonna be adding Bitcoin to their reserve status to compete in the global Hash War in the 21st-century.”
- Max Keiser
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BREAKING: 🇺🇸 Donald Trump is now leading Kamala Harris by 6 percentage points in 2024 election odds, according to Polymarket's prediction markets.
Just one month ago, Harris was leading Trump by 10 percentage points on the same platform.
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NEW: 💰 Anthony Pompliano says, “imagine being able to tell your grandchildren that you bought #Bitcoin sold from a government.” 🔥
“Hundreds of millions of people around the world believe that these sound money principles in digital form are very valuable.”
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🔥 BREAKING : Sanford Bernstein Research says $BTC🥇 could hit a new high of $90,000 by the end of the year if DonaldTrump🇺🇸 wins the U.S. election in November.
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JACK MALLERS: 💰 Bitcoin is the exit door, a way to protect yourself from government-induced currency debasement." 💯
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JUST IN: 🇺🇸 Donald Trump says he will charge a 100% tariff on countries shifting away from the US Dollar, if elected President.
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FUN FACT: 🇸🇻 El Salvador adopted #Bitcoin as legal tender 3 years ago today 🙌
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🚨🚨🚨 "The biggest threat to #Bitcoin's 💰 dominance has and always will be #Cardano 💰" - Charles Hoskinson
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🇩🇪 German parliament member Joana Cotar said "it is very important" that more german parliament members understand #Bitcoin.
Germany selling 50k #BTC "was something very, very upsetting."
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FYI: 💰 In terms of uptime, Bitcoin is already older than the stock market 🔥
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JUST IN: 💰 Bitcoin's hash rate hit a new ALL TIME HIGH 🚀
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NEW: 🇺🇸 Federal Reserve gives United Texas Bank ‘cease and desist’ order for servicing #Bitcoin and digital asset industry
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JUST IN: 🇺🇸 Donald Trump says “instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and #Bitcoin.”
✈️ @CryptoWorldNews 🌐
BREAKING: 🇻🇪 Leader of Venezuelan Opposition María Corina Machado proposes using #Bitcoin as a national reserve asset.
Bitcoin is a "lifeline" and "vital means of resistance"
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🚨PRICE UPDATE: 💰 Bitcoin has just dropped below $56k.
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Unknown hacked the 𝕏 (Twitter) account of the NEAR project but decided not to post links to scam tokens. 🧐
Instead, they recommended deleting social media accounts and going for a walk. 😁
Additionally, they changed the preview to suggest checking out a list of all scam projects, with a link to CoinMarketCap. 🤔
✈️ @CryptoWorldNew 🌐
JUST IN: 🇯🇵 Japan to lower maximum tax rate on #Bitcoin from 55% to 20%, in line with financial assets
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