Central African Republic Adopts Bitcoin as Legal Tender
The Central African Republic has passed a bill to establish a legal and regulatory framework for cryptocurrencies and make bitcoin legal tender alongside the existing CFA franc. “The Hash” group compares this announcement to El Salvador’s bitcoin adoption program and discusses the adoption of fintech technology in Africa.
Bitcoin Bounces From $37K Support; Resistance at $40K-$43K
BTC remains in a tight trading range with a loss of upside momentum.
CoinFund President on Crypto Mainstream Adoption, Goldman Sachs and FTX Collaboration
CoinFund President Chris Perkins discusses the current state of the crypto markets as bitcoin trades below $40,000 after a 5% decline. Perkins addresses positive factors hitting the crypto industry, noting favorable sentiment among policymakers and increasing institutional interest. This comes as Goldman Sachs and FTX executives meet in the Bahamas to discuss further collaboration. Plus, a conversation on the proof-of-work debate and the derivatives market.
First Mover Americas: When $1M Bitcoin?
The latest moves in crypto markets in context for April 27, 2022.
Central African Republic Adopts Bitcoin as Legal Tender
A statement from the president's office on Wednesday confirms the passage and signing of the necessary legislation.
Bitcoin's Derivative Data Suggests Potential for 'Short Squeeze'
A minor increase in price could send short sellers scrambling to close their bets.
Dogecoin, Terra Fall Steepest Among Major Cryptos as Long Traders Lose $280M
Digital assets lost 3.5% in capitalization over the past 24 hours but gradually recovered during European morning hours on Wednesday.
World's First Combined Bitcoin, Gold Exchange-Traded Product Listed in Switzerland
The product was developed by ETP issuer 21Shares and crypto data provider ByteTree Asset Management.
Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Finds
“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.
First Mover Asia: Spot Bitcoin ETFs Are Launching in Australia but Elsewhere They Face Brutal Fund Outflows
Australia follows a lengthy list of spot bitcoin issuances in Europe and Canada, but these products come at a challenging time for crypto; bitcoin and ether drop.
