El Salvador buys the dip as Bitcoin Law goes live, 101 Bored Ape NFTs sold fo...

El Salvador buys the dip as Bitcoin Law goes live, 101 Bored Ape NFTs sold fo...

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekUkraine passes legislation to recognize and regulate cryptoThe Ukrainian parliament adopted the draft law On Virtual Assets Wednesday, which legally recognizes crypto in the country for the first time.Anastasia Bratko of the Ministry of Digital Transformation said the law allows companies to launch digital asset....


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First Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC...

Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin Law came into effect Tuesday, Sept. 7, making BTC a national currency alongside the U.S. dollar. El Salvador has been buying bitcoin ahead of the Bitcoin Law taking effect. President Nayib Bukele announced Monday that his government....

El Salvador Doubles Down, Buys 500 BTC Amid Dip

El Salvador President Nayib Bukele declared the country’s largest Bitcoin purchase to date in the middle of a terrible cryptocurrency market fall. He announced it in a tweet on Monday, saying, “El Salvador just bought the dip!” “Average price of $30,744 for 500 coins.” El Salvador Buys 500 BTC According to a tweet from President […]

Eminem Buys Bored Ape Yacht Club NFT That Looks Like Him For $452K

Eminem, the Grammy Award-winning rapper, has joined the Bored Ape Yacht Club (BAYC), purchasing one of the non-fungible token (NFT) apes for 123.45 ether ($462,000) on the OpenSea platform. Eminem Buys BAYC NFT Eminem, the famed Detroit rapper, has joined the Bored Ape Yacht Club (BAYC). The NFT, named “EminApe,” depicts Eminem’s iconic Bored Ape figure wearing a khaki army cap and a gold chain necklace, both of which he frequently wears in real life. BAYC member GeeGazza sold the digital artwork for 123.45 ETH, which is around $450,000 USD. In November 2021, GeeGazza....

El Salvador Buys 100 More Bitcoins Amid Crypto Sell-Offs and New Covid-19 Var...

As reports of a new Covid-19 strain spread, tanking the price of many cryptocurrencies, El Salvador bought the dip. The country has added 100 more bitcoins to its treasury despite a recent warning by the International Monetary Fund (IMF), bringing the total number of bitcoins purchased to 1,220. El Salvador Buys the Dip: 1,220 Bitcoins Purchased to Date El Salvador has taken advantage of the Friday sell-off and purchased 100 more bitcoins as reports of a new coronavirus variant spread. The Salvadoran president, Nayib Bukele, tweeted on Black Friday that his country has bought the dip.....

How NFTs are Transforming the Art World

NFTs have taken the creative world by storm. They are altering the way that artists and galleries authenticate original works of art. These tokens came to the spotlight in March 2021 when a digital art piece by Mike Winkelmann, alias Beeple, sold for a record-breaking $69.3 million at a Christie’s Online Auction. It not only became the third most expensive artwork ever sold by a live artist, but it also managed to become the costliest digital asset ever sold as an NFT. Even the Bored Ape Yacht Club (BAYC), a popular collection of 10,000 individual bored apes produced by Yuga Labs,....