Topic: El Salvador

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Billionaire Ray Dalio says regulators will ‘kill’ Bitcoin if it becomes really successful

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Billionaire investor Ray Dalio believes regulators would neutralize Bitcoin once it becomes mainstream success. Also, BTC prices inched near $50,000 mark.

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El Salvador’s big Bitcoin experiment boomerangs on its bond market

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Yields on El Salvador’s emerging bonds spiked, reacting to the country’s troubled launch of its crypto experiment. Though BTC continue to move horizontally, a prominent crypto bull believes it is still a store of value.

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Bitcoin will get back on its feet soon enough, experts claim

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Bitcoin (BTC) had tough three days, with a risky 11 percent nosedive overnight. However, a number of experts believe green candles are just around the corner.

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Bitcoin targets $53K on adoption boom in El Salvador and Germany

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Bitcoin prices inch towards $53,000 as El Salvador’s legal adoption deadline nears. Moreover, German asset manager Union Investment adds BTC to several investment funds as a pilot program.

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El Salvador creates a $150 million Bitcoin trust while citizens protest

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El Salvador passes legislation to create a $150 Million Bitcoin fund even as citizens continue their protest against Bitcoin as legal tender. Meanwhile, BTC prices move horizontally.

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Uruguay drafts bill to allow crypto payment options for businesses

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Uruguay joins its South American neighbors in opening its doors to cryptocurrency adoption. Uruguayan Senator Juan Sartori presented a bill that allows crypto payments for businesses. However, the country stopped short of making crypto a legal tender.

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El Salvador to gift $30 in Bitcoin to every adult citizen

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Nayib Bukele, the president of El Salvador announced his government will give $30 worth of Bitcoin (BTC) to every adult citizen.

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JPMorgan jeopardizes Bitcoin breakout above $37K with a bearish report

JPMorgan jeopardizes Bitcoin breakout above $37K with a bearish report

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A recent run-up in the Bitcoin market faltered right after JPMorgan analysts raised the alarm about the cryptocurrency’s declining demand among institutional investors.

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Bitcoin Close to Becoming Legal Tender Under An Authoritarian Regime

Bitcoin Close to Becoming Legal Tender Under An Authoritarian Regime

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In a first for Bitcoin, El Salvador took steps to make the country’s flagship crypto a legal tender. President Nayib Bukele announced he would soon propose a bill to Congress for the same.

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