JPMorgan Implies that El Salvador’s Bitcoin Move Has no Economic Benefits 

Following El Salvador’s move to adopt bitcoin as a legal tender in the country, Wall Street giant JPMorgan seems not to be impressed by such a monumental decision from the Central American nation. JPMorgan Comments on El Salvador’s Bitcoin Move In a recent note to investors, as tweeted by Financial Times correspondent Robin Wigglesworth, JPMorgan commented that the recent move made by El Salvador to make bitcoin legal tender was growth-oriented. However, the American investment bank seemed to imply that the decision by the country had no economic benefit, adding…

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Worrying Sign for Bitcoin in the Short-Term: Exchanges Netflows

Some worrying signs are starting to appear for bitcoin’s price, at least in a short-term time frame. That’s according to a well-known analyst. The price for BTC has been wobbly recently, with it being unable to decisively break out in any direction. Last week, we saw bitcoin dipping as low as $31K only to recover and touch $38,500 days later. Now, however, the primary cryptocurrency is trading at around $35,500 for a 4% loss on the day. Commenting on the most recent price action was Ki Young Ju, the CEO…

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WazirX Reportedly Investigated by India’s Enforcement Directorate

India’s Enforcement Directorate (ED) has purportedly sent a show-cause notice to the founder of the popular exchange – Nischal Shetty, and the director – Sameer Mhatre. The agency has requested the duo to explain suspicious transactions worth nearly $400 million. According to a Reuters report, India’s financial crime-fighting organization, the ED, has contacted the two executives in regards to transactions worth 28 billion rupees ($382 million). The agency accused the operators of the exchange of failing to collect the required documents to carry out know-your-customer (KYC) verifications. Consequently, they are…

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Bitcoin’s Dominance on the Rise as BTC Rebounds $6,000 in 2 Days (Market Watch)

The primary cryptocurrency continues its recovery by reaching $37,000. Bitcoin’s dominance over the market has also increased by a few percentages in days, even though the altcoins have also charted decent gains. Bitcoin’s Dominance Rises to 43% After failing to break above $37,000 a few days ago, BTC started to retrace heavily. In a matter of hours, it lost over $6,000 of value and bottomed at $31,000 – this became the lowest price tag in three weeks. However, the bulls stepped up at that point and recovered a few thousand…

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Bitcoin Dipped to $31K Before Crypto Markets Recovered $100 Billion (Market Watch)

After the latest massive price slump to a multi-week low, bitcoin has bounced off and recovered over $3,000 of value. While most altcoins have failed to produce any significant gains, Solana spiked by double-digits and has neared the top ten. Bitcoin Recovers $3K After a few days of sideways trading in which BTC stood around $37,000, the infamous volatility made its mark once again. As reported yesterday, bitcoin slumped by a few thousand dollars to below $34,000, but it only continued south. In the following hours, BTC dumped to around…

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Revolutionary: El Salvador On Its Way To Adopt Bitcoin As a Legal Tender

El Salvador’s president revealed at the ongoing Bitcoin 2021 Conference in Miami that he plans to make bitcoin a legal tender in his country. Speaking at the Bitcoin 2021 event, Nayib Bukele, the president of El Salvador, said he is planning to introduce a law that will make bitcoin a legal form of money in the country. According to a  video broadcast at the conference today, Bukele said he would send the bill to Congress next week. If the bill pushes through, El Salvador will become the first sovereign nation…

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Max Keiser: Buy Bitcoin to Help Your Family When the Global Economy Collapses (Exclusive Interview)

With the largest Bitcoin conference to date taking place in Miami, CryptoPotato had the chance to speak with one of the most prominent BTC proponents – Max Keiser. During the interview, the host of the Keiser report talked about the remarkable difference between the first Bitcoin conference in Prague ten years ago, price movements, crypto sentiment, and more. What a Difference Ten Years Can Make Keiser, who has been among the most well-known BTC bulls for over a decade, spoke about the general mood shortly before the start of the…

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