DeFI News by Thebittimes.Com

Bitcoin ATM growth has hit an explosive milestone as Poland leaps past El Salvador, becoming the fifth-largest cryptocurrency ATM network worldwide. The Poland Bitcoin ATM network burst onto the scene with 219 machines buzzing across the country, completely reshaping the global crypto landscape and setting bold new standards for Bitcoin ATM adoption. Source: CoinATMradar.com Also Read: Top 3 Cryptocurrencies That Could Get ETFs in 2025 Poland Leads the Way in Bitcoin ATM Expansion: A New Era of Crypto Adoption Source: Watcher Guru Poland’s Rapid Rise in the Global Rankings Source: Bitomat.com A wave of Bitcoin ATM growth swept through Poland recently. Dozens of fresh installations popped up since October 2024, adding countless new machines to the network. Quite a few cities saw multiple cryptocurrency ATM locations spring up practically overnight, rocketing the country’s total above El Salvador’s 215 machines. Strategic Distribution Across Urban Centers Loads of Polish...

Trump wished a happy birthday to the anniversary of Bitcoin’s whitepaper and called on ending “Kamala’s war on crypto” Since Bitcoin’s initial days, its price has risen to over $72,000 and is accepted as legal tender in El Salvador Trump’s post comes less than a week before the US election results are in Former US President Donald Trump has sent well wishes celebrating the 16th anniversary of Bitcoin’s whitepaper. Posting on X, Trump said: “I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper,” adding: “We will end Kamala’s war on crypto & Bitcoin will be MADE IN THE USA! VOTE TRUMP! #Bitcoin #FreeRossDayOne.” On October 31, the mysterious creator of Bitcoin, Satoshi Nakamoto, released the whitepaper Bitcoin: A Peer-to-Peer Electronic Cash System, which would change how we view money. Detailing how the current financial system works, the...

El Salvador is shifting from external debt to focusing on Bitcoin and strategic investments. The country now holds 5,870 BTC, showing its dedication to incorporating digital assets into its economy. This trend may encourage other countries to explore digital assets.  As the popularity of digital assets continues to rise, new projects are injected into the market daily. As such, insideBitcoins analyzes the new releases, listings, and presales today as investors actively seek opportunities within this swiftly changing financial environment. New Cryptocurrency Releases, Listings, and Presales Today Quantlytica reviews and compares decentralized finance (DeFi) projects by examining returns, liquidity risks, and security. Meanwhile, DeBox is a Web3 tool for managing communities that aims to build a secure and reliable data ecosystem. Moreover, Fis a decentralized network that aims to improve connectivity, focusing on Internet of Things (IoT) devices and 5G services. 1. Quantlytica ...

Bitcoin will remain legal tender in El Salvador during president Nayib Bukele’s second term. As Reuters writes, citing vice president Felix Ulloa, Bukele has redoubled efforts to accept cryptocurrency as legal tender in El Salvador. This comment came after the International Monetary Fund (IMF) asked El Salvador to “reconsider” the measure during negotiations for a billion-dollar loan. Ulloa pointed out that El Salvador’s authorities will not abandon Bitcoin (BTC). He said the U.S. Securities and Exchange Commission’s (SEC) recent update to allow spot Bitcoin exchange-traded funds (ETFs) has only strengthened his resolve. “Not only will it [the law] be maintained <…> at this moment, it enjoys the greatest credibility in the entire world.” Felix Ulloa, El Salvador’s vice president  You might also like: Fancy a ‘Freedom Visa’? El Salvador has you covered Bukele resigned last December to focus on his 2024 re-election camp...

On Tuesday, crypto exchange Binance became the first to receive a license to operate in Bitcoin-friendly El Salvador as it seeks shelter from regulators across the US, EU, and Australia. The timing couldn’t be better — but what about the destination? President Nayib Bukele, the self-proclaimed ‘Dictator of El Salvador,’ made bitcoin legal tender in 2021. A network of bitcoin ATMs with flawed software and a state-sponsored mobile app that enabled identity theft plagued initial rollouts. The International Monetary Fund (IMF) criticized El Salvador’s Bitcoin pivot, and the World Bank refused to help El Salvador develop bitcoin as legal tender. Bukele has bought millions of dollars worth of bitcoin using public funds — without the public’s consent — and has pledged to add one bitcoin a day. When FTX collapsed, it showed how susceptible El Salvador’s finances were to bitcoin’s volatility. Bukele had bought over 2,000 bitcoins at an average of $45,000 – wort...

El Salvador has recorded a notable drop in remittances posted in Bitcoin and other cryptocurrencies in H1 2023. Recent data from Banco Central de Reserva (BCR), El Salvador’s central bank, indicates the country’s crypto remittance program saw a 26.5% drop in usage, even as remittances grew by more than 5%. You might also like: El Salvador’s international bonds offer 60% return in H1 2023 A snippet of the data shared by journalist and university professor Edwin Segura on July 22 via Twitter shows that Salvadorans living abroad sent back nearly $4 billion into the country in the first half of 2023. Remittance in crypto decreased 26.5% during the first 2023 semester compared to a year ago. Traditional remittance went up 5%. In El Salvador, #Bitcoin is in a coma; Salvi people salivate for US fiat$$$ https://t.co/OCP2tSmrX5 — Dr. Ricardo J. Valencia in 🫓 (@ricardovalp) July 22, 2023 In what many may see as an indictment of Salvadoran President Nayib Bukele’s law that...