Author: James Wilson

El Salvador, the first country to adopt Bitcoin as legal tender in 2021, recently reversed its decision after pressure from the IMF. What led to this change, and what were the outcomes of its nearly four-year crypto experiment? The curious case of El Salvador The 2021 law in El Salvador made Bitcoin (BTC) legal tender, meaning it became not just legal but mandatory for transactions. Merchants were required to accept Bitcoin, and the government started collecting payments such as taxes and fees in Bitcoin. To facilitate this, the country launched the Chivo wallet, a government-backed mobile app designed to help…

Eric Trump’s Ethereum tweet lined up with one of the biggest reversals in months. Now, he’s turning to Bitcoin—does this call mean anything? Eric Trump’s latest comment on Bitcoin (BTC) has sparked chatter, though its immediate market impact appears to be limited.  On Feb. 6, he took to X, posting, “Feels like a great time to enter #BTC!” The remark briefly pushed Bitcoin past $98,000 before settling back to around $97,650, reflecting only a modest 0.4% hourly gain at the time of writing. The reaction stands in contrast to what happened just days earlier when Eric Trump’s tweet on Ethereum…

The Federal Deposit Insurance Corporation has released more than 100 documents related to the highly criticized and controversial “debanking” of crypto companies and individuals. In a press release on Feb. 5, the FDIC stated that the 175 documents pertain to the agency’s supervision of banks that “engaged in, or sought to engage in, crypto-related activities.” The report was released on the same day the U.S. Senate Banking Committee began its hearing on the impact of debanking in the country. It also follows a court order that set the deadline for their release as Friday, Feb. 7. Crypto debanking, often referred…

MicroStrategy, now known as ‘Strategy,’ reported a staggering $670M impairment loss in Q4, mainly from Bitcoin. Yet, despite the hit, it continues accumulating BTC, believing in its long-term value. MicroStrategy has officially rebranded as Strategy. Announced on Feb. 5, the rebranding comes with a new logo featuring a stylized “B,” reflecting its identity as the world’s largest corporate holder of Bitcoin.  The move coincides with the company’s fourth consecutive quarterly loss and an even greater focus on Bitcoin (BTC) accumulation. The latest earnings report, also released on Feb. 5, revealed a net loss of $670.8 million for the fourth quarter…

Ethena price has crashed by 57% from its highest level in December as sentiment in the crypto industry weakened. Ethena’s (ENA) decline has mirrored that of most altcoins. For example, Ethereum has dropped by over 32% from its December peak, while Cardano has fallen by 45%. Despite the ongoing token crash, Ethena’s network continues to perform well. The total value locked in the network, or the USDe stablecoin market cap, has surged to over $6.12 billion, nearing its all-time high of $6.2 billion.  USDe has now become the fourth-largest stablecoin in the industry, trailing only Tether, USD Coin, and USDS.…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors seize the opportunity to buy Catzilla and other altcoins at discounted prices, anticipating major gains as the market rebounds. In the dynamic world of cryptocurrency, a new wave of opportunities is emerging. Savvy investors are eyeing specific altcoins that could potentially transform modest investments into substantial wealth. With prices currently dipping, these digital currencies present an opportunity for those looking to make significant gains in the crypto market. Catzilla: The meme coin revolution Catzilla isn’t just another meme…

Coinbase director Conor Grogan speculated that Kraken and its founder, Jesse Powell, may have access to Satoshi Nakamoto’s real identity due to a 2016 acquisition. This week, blockchain data provider Arkham indexed approximately 22,000 wallets believed to be controlled by the pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto. While Grogan questioned the use of the Patoshi Pattern, a specific mining routine some believe Satoshi used, the Coinbase director acknowledged the merits of Arkham’s research, stating that the report provided new evidence about Bitcoin’s early activity. I went through Satoshi Nakamoto’s wallets; thread of new findings that I don’t think have been…

The word peer loosely means equals. In cryptocurrency circles, peer-to-peer (P2P) interaction means transaction activity between members of a cryptocurrency network relating as equals. It is a departure from centralized banking, where an all-powerful bank regulates all transactions. In this article, we’ll learn what is peer-to-peer (P2P), how it works, its role in defi, and the advantages and challenges of peer-to-peer technology. Understanding peer-to-peer (P2P) networks A peer-to-peer (P2P) crypto trading platform is one where users can purchase crypto assets with fiat and also sell crypto assets for fiat without interference from third parties. In a typical P2P network, members…

MicroStrategy has rebranded as it looks to strengthen its position as the world’s largest Bitcoin treasury company. The business and artificial intelligence firm announced its name change to Strategy, emphasizing a sharper focus on its core mission. Strategy, currently the largest corporate holder of Bitcoin (BTC), has also launched a new website. Additional changes include adopting orange as the brand’s primary color and unveiling a new logo featuring a stylized “B” to reflect its Bitcoin strategy. Michael Saylor, founder and executive chairman of Strategy, commented: “Strategy is one of the most powerful and positive words in the human language. It…

Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission for failing to disclose a long-awaited report on ethical conflicts and selective enforcement within the agency. The SEC Office of Inspector General completed the report more than a year ago, but the agency has yet to release it despite repeated Freedom of Information Act requests, according to the lawsuit. The lawsuit seeks to compel the SEC to disclose findings related to former SEC Division of Corporate Finance Director William Hinman.  The investigation focuses on potential conflicts of interest involving Hinman’s ties to his previous law firm, Simpson…