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Bitcoin exchange reserves near record low, with traders eyeing $43K BTC price support

Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows.As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May.Time for another Bitcoin “sell-side liquidity crisis?”As of Thursday, the latest

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Salvadoran Government’s Chivo Wallet Experiences Hiccups, Some Residents Can’t Claim $30 BTC Reward – Bitcoin News

On the day El Salvador implemented the bitcoin tender law, the official government wallet called the Chivo wallet had some initial issues for five hours on Tuesday. Residents could not leverage the application and had issues accessing the app on Apple’s App Store and Google Play. The situation seems to

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Kraken Australia CEO talks the August market report and BTC price slump

Kraken Australia CEO Jonathan Miller described yesterday’s Bitcoin crash as a natural correction after BTC was “dragged up” by the overheated Ether (ETH) and nonfungible token (NFT) markets.In its August report, Kraken notes that the supply of Ether on centralized exchanges fell to a three-year low of 12.8% at the

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El Salvador says merchants must process BTC transactions — or they may face action

In an interview with local media, Javier Argueta, the legal counsel to the Presidential House of El Salvador, clarified the obligations of businesses the day before the country’s controversial Bitcoin Law recognizing BTC as legal tender took effect.The legal counsel to the President of El Salvador has stated that businesses

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El Salvador Buys the Dip, Country’s BTC Stash Grows – News Bitcoin News

Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin

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September 7 is ‘Bitcoin Day’ in El Salvador as BTC becomes legal tender

It is Sept. 7, and El Salvador’s Bitcoin Law has officially come into effect three months after its parliament passed the historic vote. The Central American nation is now the first country to recognize Bitcoin (BTC) as legal tender.Tweeting earlier in the day, El Salvador’s President Nayib Bukele remarked “3

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Ethereum layer-twos reportedly processing more transactions than BTC

Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the L2 ecosystem is now processing more daily transactions than the Bitcoin network according to recent findings.According to CoinMetrics data collated by industry analyst and Week In Ethereum News founder Evan Van

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