El Salvador Grants Two BTC Licenses to Crypto Exchange Binance

Binance and El Salvador are joining hands to boost the nation's long-running bitcoin agenda. The digital currency exchange – the biggest and most popular in the world – is garnering two separate licenses to operate in the Central American nation, thus bringing its total world licenses to 18.

Timeline of Bitcoin

Coinbase, the renowned crypto exchange, has achieved a significant milestone in its global expansion. The Bank of Spain officially recognized and approved Coinbase as a cryptocurrency exchange and custodial wallet provider.

In the past years, it has been possible to observe a gradual, but constant trend of fewer Bitcoin (BTC) mining pools dominating the majority of the global network hashrate and block discovery. In this report, Finbold uses a data-based approach to analyze the decentralization state of the leading cryptocurrency network and explains why it is important.

Bitcoin's (BTC) future price predictions continue to captivate the crypto community, especially since the asset has primarily traded in a consolidated phase throughout 2024. The prospect of Bitcoin reaching its next all-time high has gained prominence recently, buoyed by significant factors like the upcoming halving event and regulatory changes.

Even though the FED chose not to increase interest rates, the price of Bitcoin didn't change much this week. Bitcoin has been staying in a price range of $25,000 to $30,000 for quite a while now.

Since the inception of Bitcoin to the financial landscape and its underlying Blockchain technology, there has been a lot of controversy surrounding the industry. Voices from environmental activists raising their concerns over the effects of the new assets on the environment have often controlled the narrative around the subject.

SkyBridge Capital founder Anthony Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin (BTC) and other crypto assets. In an interview with The Wolf of All Streets' Scott Melker, Scaramucci says that a spot Bitcoin exchange-traded fund (ETF) could be approved in the first quarter of 2024.

Bitcoin (BTC) price has gone through a rough patch in the past two years. After peaking near $68,000 in 2022, Bitcoin has plunged by ~61% to the current ~$26,000. Other cryptocurrencies like Avalanche, Solana, and Algorand have performed worse. Still, a case for investing in Bitcoin in 2023 can still be made.

Despite accounting for just 2.3% of global transaction volume, the latest data shows that crypto has penetrated key markets in Sub-Saharan Africa and “become an important part of many residents' day-to-day lives.” With a regional volume of 9.3%, Sub-Saharan Africa's BTC share outranks all regions including North America (9.0%) and Eastern Europe (8.2%).

Custodia is pleased to announce that Lisa Hough has joined the bank as Vice President of Strategic Relationships, responsible for helping customers in the U.S. Bitcoin and energy industries “meet their banking and bitcoin custody needs.

In a notable discovery, Arkham Intel, a leading blockchain intelligence platform, has identified $25 billion worth of Bitcoin (BTC) reserves held by Coinbase, the prominent US-based cryptocurrency exchange. This revelation puts Coinbase at the forefront of the Bitcoin landscape, positioning it as the largest Bitcoin entity in the world alongside the enigmatic Satoshi Nakamoto.