El Salvador to train 80,000 government employees in Bitcoin. El Salvador has reaffirmed its commitment to cryptocurrencies by announcing Bitcoin certification for 80,000 public employees.
This measure, led by The Bitcoin Office, seeks to have officials understand and use Bitcoin in their daily functions, making them ambassadors of the use of crypto in their work areas. The certification includes 160 hours of training on topics such as Bitcoin, cybersecurity, and artificial intelligence.
This initiative aligns with President Nayib Bukele's vision of turning El Salvador into a global cryptocurrency hub.
1. TRON leads the gains: TRON's market cap $TRX reached $13.8 billion after a 20% increase in 24 hours. A partial legal victory against the SEC has fueled this growth 📈.
2. State Street and Taurus partnership: Global financial provider State Street has partnered with Taurus to manage tokenized assets, strengthening confidence in the crypto market 🌐.
3. Total market capitalization (TOTALCAP) near resistances**: Although TOTALCAP attempted to break through $2.11 trillion, it fell back to $2.05 trillion, but remains stable above the key support of $2.00 trillion 🛡️.
4. Bitcoin $BTC struggles to break $60K: BTC has been stuck below $60,000, but indicators suggest a possible recovery towards $63,100 if the uptrend holds 💹.
5. TRON overtakes Cardano $ADA : TRON has displaced ADA from the top 10, after a 20% increase in 48 hours, thanks to its recent legal success 💥.
Bitcoin $BTC remains stable despite massive $782 million BTC transfer from Mt. Gox💸🔒
Despite the transfer of 13,265 $BTC (approximately $782 million) by Mt. Gox, the price of Bitcoin has remained surprisingly stable, trading near $60,000 💵. Of the $BTC transferred, 12,000 went to a new wallet and 1,265 to an internal wallet 💼. Previously, on August 14, Mt. Gox moved 33,140 BTC, generating little selling pressure.
Experts like Alex Thorn of Galaxy Digital do not expect a significant impact on the market 📉, as only a small portion of the transferred BTC is intended for immediate distribution. Although Bitcoin has seen a slight decline of 2.3% in the last 24 hours, market indicators suggest a possible bullish trend 📈, with expectations of a *short squeeze* that could push prices higher 🚀. In addition, the cryptocurrency mining sector shows signs of recovery, which could precede a significant increase in the price of Bitcoin ⚒️ 💥.
🔮 Drift's BET platform brings prediction markets to the Solana blockchain $SOL .
Drift has launched BET, a prediction market on the Solana blockchain $SOL , allowing users to bet on real-world events like presidential elections.
BET stands out by accepting over 30 cryptocurrencies as collateral and offering "structured bets" to hedge risks. It also features a rewards system called FUEL to incentivize activity. Prediction markets, praised by Vitalik Buterin, have gained popularity, but face regulatory scrutiny for potential impacts on the public interest.
📈 Bitcoin Fund Inflows Offset Largest Outflows on Record of $SOL .
During the week of August 17, 2024, digital asset investment vehicles saw net inflows of $30 million, led by the US with $62 million in inflows. Bitcoin $BTC recorded $42 million in inflows, reflecting confidence in its future appreciation. However, Solana $SOL suffered its largest outflow on record at $39 million, attributed to a slowdown in its meme market. Despite a challenging environment, institutional interest in digital assets remains strong, with large inflows into Bitcoin funds. Meanwhile, Ethereum has fallen 26% since the launch of its US ETFs, due to macroeconomic fears and lower risk appetite.
📉 Cardano $ADA drops out of the top 10 cryptocurrencies by market cap. Cardano's $ADA token now ranks 11th, with a market cap of $11.9 billion, behind TRON's $TRX . Launched in 2017 by Charles Hoskinson, Cardano has lost market share since January following a modest post-bear market rally in 2022. At its peak, ADA reached a market cap of $77 billion in May 2021, making it the fourth-largest crypto. Its market dominance is currently 0.58%, according to TradingView data.
🔒 Coin Center Wins Right to Sue Treasury and IRS Again Over Tax Rule
Coin Center, a cryptocurrency research outlet, has received approval from a U.S. appeals court to retry its lawsuit against the Treasury Department and the IRS. The dispute centers on a 2021 amendment to Section 6050I, which requires disclosure of cryptocurrency transactions and personal details to the IRS, which Coin Center considers unconstitutional and “excessive surveillance.” The case was previously dismissed, but Judge Karen Nelson Moore allowed three claims to move forward, leading to the case being sent back to a lower court for further proceedings.
📊 Markets: Trump election odds are not the dominant driver of Bitcoin price, recent data shows.
Despite the popular narrative suggesting a strong link between the price of $BTC and Trump’s 2024 victory odds, data shows otherwise. According to FalconX, factors such as US monetary policy and oversupply have weakened this correlation. An analysis between June 1 and August 15 reveals a lack of clear connection between the two. Although the price of $BTC has fluctuated, the relationship with election odds is not significant.
💧 Today We Talk About Liquidity in $BTC Bitcoin! 💸
Bitcoin $BTC is completely correlated with global liquidity. 🏦 Every time central banks inject money into the market, BTC responds. How? By going up! 📈 Let's see how Bitcoin behaves when liquidity increases. 👇
While traditional banks face increasing risks, Bitcoin remains a safe haven. Over 1 billion transactions last year, all unchecked by a central bank! 💪🔒
🔍 Why Bitcoin $BTC Is On The Verge Of A Major Bull Run! 📈
With Bitcoin ETFs $BTC , institutional buying, and potential US interest rate cuts, everything points to a parabolic move for $BTC ! 🚀📊 #Bitcoin #BTC #ETFs #CryptoNews #Write2Earn!
💥 South Korean Pension Fund Bets Big on Bitcoin $BTC ! 🏦 The world's third-largest pension fund just bought $34 million worth of MicroStrategy stock to gain exposure to $BTC . South Korea is going all-in on crypto! 📈💰
With the youngest female prime minister in history possibly pro-Bitcoin $BTC , could Thailand follow in El Salvador's footsteps? 🧐📈 The race for Bitcoin adoption is heating up worldwide! 🌐 #Bitcoin #BTC #CryptoAdoption #ThailandCrypto #Write2Earn!
From Trump's never-sell stance to El Salvador's volcanic mining success, everyone wants a piece of the pie! 🌋💸 Don't miss out on the latest in the crypto and nation-state world!