Interactive Brokers, one of the leading global electronic brokers based in the United States, is expanding its presence in the crypto industry with the rollout of digital asset trading services to British customers through its UK unit.
President Nayib Bukele leads an administration with a specialized “Bitcoin Office” managing mining operations. The government reports El Salvador now holds 5,750 BTC, valued at around $354 million.
The partnership is a promising development for both Tether and RAK DAO. By combining their expertise and resources, they aim to empower individuals and businesses in the region to utilize the power of blockchain technology.
Bitcoin mining firms have reportedly been turning off unprofitable mining rigs since the fourth Bitcoin halving.
While it is not certain if Bitcoin price will climb to $90,000 soon, the cryptocurrency has managed to stay above the crucial support levels of $60,000 in the current cycle.
“It’s the million-dollar question in crypto right now – when will retail traders come back?” said Michael Rinko, an analyst at Delphi Digital.
The conference will shine a light on the local companies embracing Bitcoin technology and using its native crypto as a payment method.
Bernstein report states that the decline in difficulty is due to the combination of lower Bitcoin prices and a significant increase in mining equipment costs since the last Bitcoin halving in May 2020.
The latest move by El Salvador signals a unique level of transparency regarding financial matters within government operations.
Bitcoin’s daily trading volumes surge by 76% in the last 24 hours just a day before the US reports PPI and CPI inflation numbers. Any positive development could lead to a breakout above $64,000.
Metaplanet says it is looking to use a wide range of capital market instruments to grow its Bitcoin reserves.
Activities on the Runes protocol have “dropped dramatically”, hitting their lowest level since May 10.
Amidst the recent market downturn, which resulted in over $130 million being liquidated, the crypto market’s current market capitalization is approximately $2.26 trillion.
Robert Kiyosaki has recently been very critical about the state of the US economy going ahead. Kiyosaki predicts a major crash in the US market over the coming time.
This current drop in the Bitcoin Kimchi Premium comes as trading volumes on South Korea’s top five crypto exchanges plummet.