El Salvador Becomes the First Country to Adopt Bitcoin As Legal Tender
El Salvador has officially adopted Bitcoin as legal tender. According to a new law, Bitcoin can be used to pay taxes and must be accepted by all merchants.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
The GBTC Discount Relaxes After Bitcoin Crash
GBTC had been trading at a discount since February after its premium went into a downtrend in December. The discount has now relaxed to 3.86% from a low of 21% on May 13th.
BTC and ETH Drop Over 50% From Highs
BTC and ETH crashed over 50% from their highs. That doesn’t typically happen in bull markets, yet crashes like this are rarely proceeded by more immediate selling. What happened to cause the crash was a mix of things. The leveraged long trade was crowded, the fear/greed gauge was green, alt season was in full blast . . . read more
Vitalik Just Dumped $SHIB and Other Meme Coins for Charity
Ethereum founder and dog-themed meme-coin-killer Vitalik Buterin re-gifted $1.2 billion in $SHIB to the India Covid Relief Fund and gifted large amounts of other doge-themed tokens as well.
Coinbase Launches Ampleforth Governance Token (FORTH)
Coinbase just listed Ampleforth Governance Token (FORTH) on both Coinbase and Coinbase Pro. FORTH is the governance token of Ampleforth (AMPL).
PayPal’s Venmo Now Let’s You Buy, Sell, and Hold Crypto
PayPal’s Venmo is the latest platform to allow you to buy, sell, and hold crypto. Like with PayPal, you can choose between Bitcoin, Ethererum, Litecoin, and Bitcoin Cash.
Coinbase’s Direct Listing is Tomorrow
Coinbase will start trading tomorrow on the open market after opting for a direct listing rather than an IPO. The reference price for Coinbase is $250, giving the company at $65.3 billion market cap.
Bitcoin and ETH Make New Highs on Eve of Coinbase IPO; Can We Hit $100k?
Bitcoin and ETH have both broken out of their consolidation ranges to make new highs today. Meanwhile, the much anticipated Coinbase IPO launches tomorrow.
Grayscale Plans to Move GBTC to an ETF and Lower Fees
Grayscale has made it clear that their plan is and always has been to lower GBTC fees and move it to an ETF.
Visa and PayPal Ramp Up Crypto Adoption
Visa and PayPal have both ramped up crypto adoption this week. Visa is running a USDC pilot program, and PayPal has launched a crypto checkout service.