The BRICS currency, which is reported to be in development, is said to be backed by 40% gold and 60% local currencies. The currency is disclosed to be apolitical and would be outside the “circumference” of the SWIFT payment network. The much anticipated BRICS currency, which would be the principal driving force at the heart…
MicroStrategy Incorporated has disclosed that it acquired 18,300 Bitcoins for $1.11 billion from August 6, 2024, to September 12, 2024. The co-founder of the company, Michael Saylor, also owns $1 billion worth of Bitcoin with plans to acquire more. MicroStrategy has, in its latest report, disclosed that its consistent Bitcoin (BTC) accumulation has brought its…
El Salvador’s president Nayib Bukele discloses profit and numerous benefits since legalizing Bitcoin as a legal tender in 2021. He said potential profits and financial inclusion fueled their Bitcoin move. El Salvador became the first country to adopt Bitcoin (BTC) as legal tender in 2021 after Congress voted in favor of President Nayib Bukele’s proposal. Three years…