El Salvador Buys the Dip—Again

Key Takeaways El Salvadorean president Nayib Bukele revealed that the country purchased 100 BTC (worth roughly $5.4 million) today. The purchase brings the country’s total holdings up to 1,220 BTC, or roughly $66 million at current prices. While El Salvador has many plans for Bitcoin, it has also attracted backlash from international finance leaders. Share this article Nayib Bukele, President of El Salvador, announced Friday that the country had purchased another 100 BTC. President Bukele made the announcement on Twitter on a day that crypto prices were down across the…

OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA

Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs. It’s often difficult for new cryptocurrency enthusiasts to navigate the complex world of trading and finance. OKEx seeks to bring such sophisticated trading methods to everyday users’ disposal by building simple user interface. During an exclusive ask me anything, or AMA, session with Cointelegraph Markets Pro…

Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges

Deribit exchange is the absolute leader in the Bitcoin (BTC) options markets and on Nov. 24 the 25% delta skew indicator signaled that sentiment among pro traders was becoming “more bearish overall.” We’ve seen 25-Delta put skew moved from around 0% to almost 10-15% pending time to expiry since beginning of Nov implying a more bearish overall sentiment. Premiums for downward protection are getting more expensive.In the short term, this expiry has a Max pain of $58k. https://t.co/jhpT1riX3g — Deribit (@DeribitExchange) November 24, 2021 Bitcoin price appears to following a…

El Salvador celebrates Black Friday, buys 100 BTC for 20% off

Salvadoran President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 Friday. In a Friday tweet, El Salvador’s president said he had purchased 100 Bitcoin (BTC) following a global market sell-off in response to a new COVID-19 variant discovered in South Africa. According to data from Cointelegraph Markets Pro, since reaching an all-time price of $69,000 on Nov. 10, Bitcoin has fallen more than 20% to reach $54,343 at the time of publication, an 8% drop in less than 24…

El Salvador Buys 100 More Bitcoins as Crypto Market Falls

The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000. “El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said. Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear. Bitcoin officially became legal tender in El Salvador in September, three months after the country’s legislature passed the Bitcoin Law. On Nov. 20, Bukele said that the country is going…

BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, AVAX, SHIB

Bitcoin (BTC) and most major altcoins sold off along with global equity markets and crude oil on Nov. 26. The markets were roiled on news of a new coronavirus variant detected in South Africa that is worrying scientists due to its large number of mutations in the spike protein. The sharp fall has resulted in cross-crypto liquidations of over $750 million over the 24-hour period but the funding rates across exchanges remain elevated. This suggests that the selling may not be over yet. Daily cryptocurrency market performance. Source: Coin360 Bitcoin’s…

Tanzania reportedly makes plans to launch CBDC

The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives. According to a Friday Bloomberg report, Bank of Tanzania Governor Florens Luoga said on Thursday that Tanzania was planning to follow Nigeria’s example in rolling out its own CBDC. Luoga reportedly said that the central bank had “already begun preparations” for a digital shilling, Tanzania’s currency since 1966. In preparing to launch a CBDC, the governor said Tanzania is also planning to expand research…

Celsius CFO Arrested on Charges Tied to Former Job at Moshe Hogeg’s Firm

Shalem’s name was included – along with 17 others, including Hogeg’s – in an appendix to a document bearing the letterhead of the Israel police’s national fraud investigation unit. The page, reviewed by CoinDesk, was stamped Nov. 15 by Judge Erez Melamed of the Rishon Lezion Magistrate’s Court. It is not clear from the appendix what kind of document it was attached to. However, the date on the stamp is three days before Israeli police said they had arrested eight individuals, including Hogeg, on suspicion of money laundering, fraud and…