Bitcoin News

By DroomDroom Team
2 Min Read

If you are a busy bee with little time to spare to catch up on the news. You have landed in the right place. We have curated the latest highlights in Bitcoin News.

1. The world is celebrating Bitcoin as it turns 14 years since Satoshi Nakamoto published the Bitcoin P2P e-cash whitepaper. Over the past 14 years, Bitcoin has shifted from a hobbyist pastime into a world-renowned brand. Adopted as legal tender in regions across the globe, such as El Salvador and the Central African Republic. In addition, freedom fighters and campaigners use it for financial emancipation and economic empowerment worldwide. Crisis zones have underscored the resiliency and effectiveness of Bitcoin. In the first 48 hours of the Ukraine war, the Ukrainian government received USD 7.5M in Bitcoin.

2. Argo Blockchain started selling its Bitcoin assets earlier this year to reduce its debt to Galaxy Digital, a cryptocurrency investment company by Michael Novogratz. Argo is one of many cryptocurrency mining companies that has struggled to continue operations in the face of the current bear market. The company has claimed unfavorable business developments like low BTC pricing, rising electricity rates, and other problems.

3. El Salvador’s Bitcoin purchase information can’t be made public. Ever since El Salvador legalized Bitcoin legal tender, President Nayib Bukele used Twitter to announce the country’s BTC acquisitions on several occasions. Still, the request to disclose El Salvador’s Bitcoin acquisition was denied on the grounds of confidentiality.