El Salvador has officially joined the ranks of nations with significant Bitcoin (BTC) reserves, amassing a total of 6,000.77 BTC as of Dec. 29, 2024. This milestone, announced by the National Bitcoin Office of El Salvador, highlights the Central American country's ongoing commitment to Bitcoin as a strategic treasury asset under President Nayib Bukele’s leadership.
Bitcoin reserves on cryptocurrency exchanges have plummeted to their lowest levels since June 2018, sparking speculation about an impending supply shock.
Kenya is taking significant steps toward regulating cryptocurrencies, signaling a departure from its historically cautious stance. Treasury Cabinet Secretary John Mbadi announced on January 10 that the government is committed to establishing a legal and regulatory framework for the sector.
Global cryptocurrency exchange Bybit has announced a temporary suspension of its trading services in India, citing ongoing regulatory developments. The suspension, which takes effect on January 12 at 8:00 am UTC, will restrict several key services, including cryptocurrency trading, new account registrations, and order placements across other exchange products.
MicroStrategy, the publicly traded business intelligence firm known for its aggressive Bitcoin accumulation strategy, has crossed a significant milestone. The company now holds over 450,000 Bitcoin, following a recent $243 million investment during a market correction.
Mango Markets, a decentralized exchange (DEX) operating on the Solana blockchain, is officially winding down its operations. The platform announced the closure on January 11 via its X (formerly Twitter) account, urging users to finalize their positions.