Monthly Archives: September 2021

$52K Bitcoin price triggers rally in large caps like Litecoin, Stellar and Bitcoin Cash

Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM. Bitcoin (BTC) has been the uncontested cryptocurrency market leader since its creator launched the digital asset in 2009 and to date, it continues to be the dominant force in the industry.  This truth was put on display on Sep. 6 when BTC price rose to the $52,000 level and ignited a market-wide rally that lifted the price of small- and large-cap altcoins. When Bitcoin rallies, most of […]

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El Salvador President Confirms The Country Bought 200 Bitcoin

El Salvador President Nayib Bukele confirms on Twitter that the country and bought 200 BTC and plans to buy more. The day before bitcoin is officially declared legal tender in El Salvador, the president announces that the country has bought 200 BTC and they plan on buying “a lot more.” With this announcement, El Salvador officially becomes the first country in the world to put bitcoin on their balance sheet and hold it in their reserves. This historic moment comes just about three months after the government […]

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El Salvador purchases first 200 BTC, President Bukele confirms

El Salvador is the first country in the world to recognize Bitcoin as legal tender. Despite opposition from local groups, the government believes cryptocurrency will be a net positive for the economy and society. El Salvador president Nayib Bukele confirmed Monday that his government has purchased its first 200 Bitcoin (BTC) ahead of the Sept. 7 rollout of a new law set to make the cryptocurrency legal tender.  “Our brokers will be buying a lot more as the deadline approaches,” Bukele said, referring to the Sept. 7 […]

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El Salvador Starts Mass Buying Bitcoin Ahead of BTC Becoming Legal Tender Tomorrow

Bitcoin will become legal tender in El Salvador on Tuesday, Sept. 7. The Salvadoran government has started buying bitcoin ahead of the law taking effect. The first 200 coins have been purchased and “a lot more” are coming, said President Nayib Bukele. El Salvador Begins Mass Buying Bitcoin Ahead of Bitcoin Becoming Legal Tender El Salvador’s President, Nayib Bukele, announced Monday: “El Salvador has just bought its first 200 coins. Our brokers will be buying a lot more as the deadline approaches.” At the current BTC price […]

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Baanx Acquires Stake in Major US Fintech Bank

PRESS RELEASE. Baanx, the fast growing B2B2C “Better than a Banking Platform” specializing in fintech services & lending, becomes the third-largest shareholder in the United States regulated Maxwell State Bank in a multi-million-dollar deal to enhance cybersecurity and banking access to communities throughout America. Maxwell State Bank is a fintech bank and VISA Principal Member established circa 1943 in Iowa. With total assets of $29,655,000 and deposits of $25,058,000 Maxwell has been FDIC certified since 1943 for insured deposits. Maxwell was acquired by serial fintech entrepreneur Ronald […]

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Price analysis 9/6: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, LINK

If bulls flip $52,000 to support, Bitcoin could see a substantial breakout that is likely to pull more buyers into select altcoins. Bitcoin’s (BTC) market capitalization is nearing the $1 trillion mark and several altcoins have also been rallying hard in the past few days. This has driven the Crypto Fear and Greed Index into the extreme greed territory where the range fluctuates between 79 and 100. Generally, tops are made when the index hits around 95, which shows there is some more room to run. PlanB, […]

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These 3 altcoins mooned as Bitcoin price rallied to $52,000

ROSE, PRQ and AVA price soared after a key trading metric signaled that “altseason” is here and BTC moved to $52,000. The wider cryptocurrency market is showing signs of strength on Sept. 6 as Bitcoin (BTC) bulls battle for control at the $51,500 level.  Altcoins have benefited from Bitcoin’s strong showing, with many seeing gains in excess of 20%, and the Altseason Indicator from Cointelegraph Markets Pro continues to signal that market conditions are tilted toward further gains for altcoins. Top 7 coins with the highest 24-hour […]

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ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow

The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In the early days, the Ethereum (ETH) protocol was a 100% proof-of-work (PoW) blockchain but in more recent times, Ethereum is now a mix of proof-of-stake (PoS) and PoW. In time, the digital currency and smart contract network will be 100% […]

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German asset manager Union Investment seeks BTC exposure for several funds

German funds and asset managers are expanding their horizons crypto investments now that the nation has more favorable laws governing Spezialfonds. $500 billion asset manager Union Investment is planning to add Bitcoin (BTC) to several investment funds as part of a targeted pilot program for its institutional clients, offering compelling evidence that crypto is becoming more mainstream in Europe’s largest economy.  The Frankfurt-based institution told Bloomberg Monday that it is considering adding BTC to a small number of investment funds that will only be available to private […]

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How El Salvador Will Benefit From Adopting Bitcoin

The Central American country will make bitcoin legal tender officially tomorrow. Tomorrow, history will be made as El Salvador becomes the first country in the world to adopt bitcoin as legal tender. In a move of empowerment, the small Central American government will take a leap of courage to strengthen its economy and democratize financial sovereignty to its people. Access to the traditional banking system is limited in El Salvador as over 70% of the population doesn’t have a bank account. But starting tomorrow, millions of Salvadorans […]

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