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El Salvador and Bhutan see Bitcoin holdings surge amid market rally

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Bitcoin holdings in El Salvador and Bhutan have surged recently, as both countries continue to build their cryptocurrency reserves despite global market fluctuations. El Salvador, the first nation to adopt Bitcoin as legal tender in 2021, has increased its holdings to over 2,500 BTC, worth approximately $80 million. This expansion follows the country’s ambitious Bitcoin strategy, which includes purchasing the cryptocurrency during market dips as part of President Nayib Bukele’s broader plan to integrate Bitcoin into the national economy.

El Salvador’s Bitcoin purchases have drawn both praise and criticism, with supporters arguing that the nation is positioning itself for long-term financial growth, while detractors warn of Bitcoin’s volatility and potential risks to the country’s financial stability. The country has also launched Bitcoin-backed bonds, which aim to fund infrastructure projects and attract international investors. Despite Bitcoin’s price fluctuations, the government has doubled down on its commitment to the cryptocurrency.

In Bhutan, a small Himalayan kingdom known for its emphasis on sustainability, the government has similarly expanded its Bitcoin holdings through its sovereign wealth fund. Though the country has not publicly disclosed the exact amount, reports indicate that Bhutan has been quietly accumulating Bitcoin in response to the cryptocurrency’s perceived value as a store of wealth and hedge against inflation. Bhutan’s focus on environmental sustainability and financial diversification has made its Bitcoin strategy particularly intriguing.

Both nations’ increasing Bitcoin reserves highlight a growing trend of small and developing countries experimenting with the cryptocurrency as a financial tool. However, this bold strategy comes amid a backdrop of uncertainty, as Bitcoin’s price continues to swing with market dynamics. While some argue that these countries are betting on Bitcoin’s future potential, others caution that the volatility and environmental concerns tied to cryptocurrency mining pose significant challenges.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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