Finance

While it’s still early to speculate if Brazil is following in El Salvador’s footsteps, the latest proposal demonstrates the country racing towards meaningfully regulating the crypto industry as adoption reaches a pivotal stage. The latest bill, presented by Federal Deputy Paulo Martins on June 10, seeks to add Bitcoin (BTC) and other cryptocurrencies as a …

Brazil’s New Proposal Seeks to Recognize Bitcoin, Crypto as Legal Financial Assets Read More »

Wrapped Luna Classic (WLUNA) is an Ethereum token designed to represent Terra (LUNA) on the blockchain. It’s not LUNA but a distinct ERC-20 token created to track the value of LUNA. Wrapped Luna Classic was intended to allow LUNA holders to trade, hold, and engage in Ethereum-based decentralized finance (DeFi) dApps. 1 LUNA can be …

Shady WLUNA Contract Bridge Spells Trouble for the Terra Luna Community Read More »

The Finance Minister of El Salvador downplayed the impact a significant drop in bitcoin’s price could have on the Central American nation’s finances. “When they tell me that the fiscal risk for El Salvador because of bitcoin is really high, the only thing I can do is smile,” said Finance Minister Alejandro Zelaya. “The fiscal risk is …

Fiscal Risk of Bitcoin Crash ‘Extremely Minimal’ Says El Salvador Finance Minister Read More »

Alejandro Zelaya. Source: a video screenshot, Ministerio de Hacienda / YouTube El Salvador’s Minister of Finance Alejandro Zelaya says he is “laughing off” international media reports that claim the nation’s bitcoin (BTC) adoption plans could scupper the economy and that they have left a USD 40 million hole in national finances. The minister was speaking …

El Salvador’s Finance Minister ‘Laughs off’ Claims of USD 40M Bitcoin ‘Losses’ Read More »

The hype of the Metaverse certainly declined considerably in the last two months as the market crashed twice, and the likes of Decentraland stand on the receiving end of this bearishness. The Metaverse token MANA is witnessing fear in its investors after a very long time, and it might cause a further drawdown in the …

Why are Decentraland [MANA] investors panicking for the first time in eight months Read More »

The global crypto market cap has dropped by $369 billion in the past week. Ethereum [ETH], as it stands, took the biggest hit during the past week among the top 10 cryptocurrencies. But the question is- What conspired against ETH as it plunged to new lows on 15 June? Welcome to the carnage For most …

Could 3AC affect Ethereum enough to register newer lows this week Read More »

The global crypto market cap fell below the $1 trillion level post the market-wide drawdowns. Without a surprise, the crypto fear and greed index gauged the sentiment to be in the extreme fear zone as it plunged to its record low at the time of writing. Although Tron [TRX] had a bullish rally in April …

Tron [TRX] traders can consider these levels before making an exit Read More »

WAVES just concluded its first two weeks of June on a downward trajectory that saw it push back to May lows. This is despite the little upside towards the end of May, which made it seem as if the bulls were back in control. The end of May rally pushed WAVES out of its narrow …

Can WAVES turn tide in favor of bulls after recent bearish pressure Read More »

As other altcoins suffered severe decimation to their prices during intraday trading on 14 June Polkadot’s native token, DOT, saw some relief. The token recorded an uptick in price which was lost by the end of the day. In the early hours of 15 June, the token traded as high as $7.66. However, it went …

Polkadot investors who married bias should know this about DOT’s street cred Read More »

You are here: Home / News / El Salvador Minister Calls Fiscal Risk “Extremely Minimal” Despite Reduced Bitcoin Reserve June 14, 2022 by Lipika Deka  El Salvador’s Finance Minister Alejandro Zelaya on Monday has refuted concerns that bitcoin’s price tumble would hurt the Central American nation’s fiscal health. Speaking at a press conference, Zelaya said …

El Salvador Minister Calls Fiscal Risk “Extremely Minimal” Despite Reduced Bitcoin Reserve Read More »