Bitcoin News

El Salvador Uses Bitcoin Gains To Open Pet Hospital
El Salvador Uses Bitcoin Gains To Open Pet Hospital

El Salvador announces the inauguration of its new pet hospital. This pet hospital is fully funded by the nation’s Bitcoin gains.  President Nayib Bukele continues to make the best of Bitcoin for El Salvador. El Salvador continues to set the bar and dazzle the world with its latest good deed powered by Bitcoin. In detail, the nation announces the inauguration of a pet hospital fully funded by Bitcoin gains.  Specifically, the inauguration of the pet hospital took place last night as an event. Here, President Bukele confirms that this was only possible thanks to surplus government funds from Bitcoin’s rise

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Political Tensions Set Bitcoin Bull Run at Stake
Political Tensions Set Bitcoin Bull Run at Stake

Political tensions on countries like Russia, Ukraine, and Canada have been affecting the Bitcoin bull run Investors are threatened that political issues may lead to risk-sensitive digital investments Bitcoin’s 24-hour trading price lowered to as low as $36,500. The ongoing political tensions in countries like Ukraine, Russia, and Canada are setting the Bitcoin bull run at stake. This is due to investors fearing economic repercussions following today’s asset price trading of as low as $36,500. Despite the legalization of Bitcoin early this February by the Ukrainian Parliament, the statement released by Russian President Vladimir Putin that they are ready to

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Lightning Network’s Strike to Launch in Over 50 Countries in 2022
Lightning Network’s Strike to Launch in Over 50 Countries in 2022

The Bitcoin Lightning Network is launching Strike in over 50 countries this year. Strike is already gaining a huge number of users in a matter of days since its launch. The Network is more than ready to handle this huge influx of users. Excitement for Bitcoin Lightning Network’s — Strike, is through the roof. In detail, the platform is set to launch in over 50 countries this year alone. Presently, Twitter is in a total buzz over the arrival of Strike.  To specify, Strike is an app that will give users a simple and easy-to-use platform to buy and sell

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El Salvador’s Chivo Wallet Will Receive a Massive Revamp
El Salvador’s Chivo Wallet Will Receive a Massive Revamp

El Salvador’s Bitcoin Wallet — Chivo Wallet, is getting a massive revamp.  The country has hired two US-based companies to improve the crypto wallet. This should resolve all the issues that Chivo Wallet has been facing lately. El Salvador’s crypto wallet — Chivo Wallet, will be receiving a massive revamp. In particular, the country’s government has hired two capable and highly renowned companies to fix any and all issues presently faced by the Chivo Wallet.  Specifically, the two companies are both US-based. The first is AlphaPoint from New York. This company will focus on providing support for both the front

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California Missed $700M in Revenue Last Year by Not Mining Bitcoin
California Missed $700M in Revenue Last Year by Not Mining Bitcoin

CEO of Marathon Digital Holding says California missed $700 million in revenue last year. He says this revenue could have come from mining Bitcoin. California’s excess renewable energy alone would accomplish this. Documenting Bitcoin tweets about California missing out on $700 million in revenue by not mining Bitcoin last year. In fact, the state could have accomplished this by using its excess renewable energy alone.  Specifically, this claim comes from Fred Thiel — CEO and Chairman at Marathon Digital Holdings. In detail, Thiel makes this statement via an interview with Yahoo! Finance.  One of the biggest concerns, when Bitcoin came

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Venezuela Approves 20% Tax on Bitcoin and Crypto Transactions
Venezuela Approves 20% Tax on Bitcoin and Crypto Transactions

Venezuela applies 20% tax on Bitcoin and crypto transactions. Tax will apply to transactions on all foreign currencies. Only El Petro and the national currency are exempt from the tax. Following India’s decision to apply tax on crypto transactions, Venezuela comes to a similar decision. Specifically, the Venezuelan government has decided to apply a 20% tax on Bitcoin and crypto transactions.  In response to this tweet from Watcher.Guru, many responded saying the 20% tax is too much. Still, this 20% tax is much less than India’s decision to tax 30% on crypto sales transactions.  In detail, the Venezuelan government approved

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Cash App Now Allows People to Use Bitcoin via Lightning Network
Cash App Now Allows People to Use Bitcoin via Lightning Network

Cash App has now integrated Bitcoin payments into its app through the Lightning Network. The recent update will enable more than 30 million users to pay for services or money transfer through Bitcoin. On the other hand, Bitcoin failed to breach the $45,500 resistance level. Mobile payments platform Cash App recently announced that it has integrated the Bitcoin Lightning Network. This means that more than 30 million of its users will now have access to Bitcoin payments via the Lightning Network. To be clear, customers can pay using Bitcoin to stores that enable the use of the Lightning Network. Meanwhile,

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Nigeria’s P2P Bitcoin Trades Continue To Soar Despite Crypto Ban
Nigeria’s P2P Bitcoin Trades Continue to Soar Despite Crypto Ban

Nigeria’s peer-to-peer Bitcoin trading continues to soar.  It is up by over 16% despite the country’s central bank ban.  The price of Bitcoin (BTC) continues to climb steadily. Nigeria’s citizens continue to show their faith in Bitcoin and cryptocurrencies. In detail, the country’s peer-to-peer (P2P) Bitcoin trades have continued to rise. Specifically, the P2P Bitcoin trading in Nigeria has gone up by over 16%.  To highlight, this is a significant statistic as it shows that the people of Nigeria have continued to use Bitcoin despite the central bank enforced ban from last year.  From the tweet above, we can see

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Bitcoin Is 9th Most Valuable Asset in the World, Beats META
Bitcoin Is 9th Most Valuable Asset in the World, Beats META

Bitcoin beat Facebook (META) by market capitalization.  This places Bitcoin as the 9th most valuable asset in the world.  Bitcoin Fear & Greed Index sees a positive shift for Bitcoin. In the midst of what seemed to be a massive rut in the crypto space, Bitcoin has broken the silence. As of early this morning, Bitcoin flipped Facebook (META) in market capitalization.  According to a tweet from Watcher.Guru, this makes Bitcoin the 9th most valuable asset in the world. At the time of writing, the price of Bitcoin (BTC) is $42,778.53 according to CoinGecko. This is a 17.9% increase over

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KPMG Canada Adds Bitcoin and Ethereum to Balance Sheet
KPMG Canada Adds Bitcoin and Ethereum to Balance Sheet

KPMG Canada has added Bitcoin and Ethereum to its balance sheet. The company assured that it took a “rigorous risk assessment” prior to investing. Aside from crypto, the company is also interested in DeFi, NFTs, and the metaverse. The Canada branch of auditing juggernaut KPMG recently announced that it has added Bitcoin (BTC) and Ethereum (ETH) to its balance sheet. This is the firm’s “first of its kind” investment into crypto. KPMG Canada purchased the mentioned crypto assets through the US-based crypto exchange Gemini. According to the company’s announcement, this will not be its last engagement with innovations that came

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Russian Leaders Push for Bitcoin Trading and Mining Regulations  
Russian Leaders Push for Bitcoin Trading and Mining Regulations  

Russia’s leaders are pushing for fair Bitcoin regulations.  Minister of Finance urges for Bitcoin sales license for Russian banks. Chamber of Commerce wants to accept Bitcoin mining as established businesses. Another country has stepped up in an effort to introduce effective crypto regulations within its borders. Indeed, this time it is Russia to make exciting announcements pertaining to crypto regulations.  To highlight, Russia’s Ministry of Finance is pushing for letting banks sell Bitcoin. Meanwhile, the country’s Chamber of Commerce is all for allowing Bitcoin mining to be recognized as an established business.   In detail, Russia’s Minister of Finance — Anton

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Portugal and Thailand Choose To Exempt Tax on Bitcoin and Cryptos
Portugal and Thailand Choose To Exempt Tax on Bitcoin and Cryptos

Portugal and Thailand have chosen to exempt tax on Bitcoin and cryptos. India will take 30% tax from income made from crypto sales transactions. More and more countries are slowly taking steps to accept the use of cryptocurrencies.  It seems the time for crypto and Bitcoin to be legally accepted by world governments is finally dawning this 2022. According to multiple announcements, many nations are taking active steps to acknowledge the use of Bitcoin and other cryptos.  According to Blockworks’ multiple tweets, many nations are slowly taking official steps to accept the use of cryptocurrencies. Most recently, the crypto news

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