IMF’s $120M Deal Tests El Salvador’s Bitcoin Commitment
A new IMF agreement grants El Salvador $120 million but imposes strict limits on Bitcoin activity, including a Chivo wallet phase-out.
A new IMF agreement grants El Salvador $120 million but imposes strict limits on Bitcoin activity, including a Chivo wallet phase-out.
US Bitcoin ETFs saw $2.75 billion in inflows this week—a 352% jump from the previous week—even as Bitcoin’s price retreated from its $111,970 peak to $108,141.
Dubai, United Arab Emirates, 23rd May 2025, Chainwire
Bitcoin futures open interest (OI) has skyrocketed to an unprecedented $80 billion, highlighting a surge in leveraged trading as speculators bet on further price gains.
Texas is on the brink of becoming the third state to set up a strategic Bitcoin reserve, according to Lee Bratcher, the founder and president of the Texas Blockchain Council.
For the first time, Bitcoin has broken the $110,000 barrier, achieving a 3% rise in just one day and surpassing prior price peaks from earlier this year.
JPMorgan Chase has announced it will allow clients to purchase Bitcoin, although CEO Jamie Dimon remains a Bitcoin skeptic.
"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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