According to Reuters, the World Bank said on Wednesday it could not assist El Salvador’s bitcoin implementation given environmental and transparency drawbacks. “We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes,” said a World Bank spokesperson via
More than four in five (81%) fund managers believe that Bitcoin is in a bubble, according to a recent survey published by Bank of America. In addition, the survey found out that purchased commodities are now the “most congested trade,” with purchased bitcoin coming in
Wallets holding between 100 and 10,000 bitcoins, known as whales, now own nearly 50% of all BTC. According to a report by analyst firm Santiment, the percentage was achieved after a large purchase last month. Apparently, Bitcoin’s decline in May was what drove whales shopping.
Chinese economist Qu Qiang, assistant director of the International Monetary Institute at Renmin University, said in an interview with China Global Televion Network (CGTN) that we will all die if Bitcoin is widely adopted. “If BTC were to become a definitive currency and adopted by
MicroStrategy completed today its $500 million offering of secured notes, according to a statement. The company said it plans to use the proceeds, which it estimates at $488 million — after discounts, comissions and expenses — to buy more bitcoin. The offering was of secured
First the president of El Salvador, Nayib Bukele, said that he will make Bitcoin a legal tender in his country. And he doesn’t just say it: he does it and the Assembly passes a law. Now it seems that other leaders want to follow this
GameStop filed a prospectus with the Securities and Exchange Commission to sell up to 5 million shares (worth $1.265 billion at the time of writing) of its stock from time to time, in “at-the-market” offerings. The funds it raises through these stock sales will be
MicroStrategy booked $ 1.6 billion in orders in a recent junk bond offering, four times the amount originally sought to buy bitcoin. Earlier this week, MicroStrategy announced that it would issue $400 million in junk bonds as part of a private offering, with a view
Berkshire Hathaway, owned by the enemy of Bitcoin, the billionaire Warren Buffett, has now decided to invest nothing more and nothing less than $500 million in a digital bank that is looking to offer a Bitcoin ETF to its clients. As reported by CNBC, Berkshire
PayPal, registered a new record in relation to its operations with bitcoin, since it capitalized a volume of daily operations exceeding $300 million. This was revealed by the company that serves as custodian of BTC funds for PayPal, itBit, which pointed out that this figure