Colombia’s new president seems to be a fan of bitcoin Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to…

SEC Commissioner: regulatory agency should ‘stop denying’ spot Bitcoin ETFs Hester Peirce, a commissioner at the Securities and Exchange Commission (SEC), recently published remarks on the regulatory agency’s failure to allow spot bitcoin exchange-traded funds (ETFs) in the U.S. “It is time for the Commission to stop denying categorically spot crypto exchange-traded products. …

PayPal now allows crypto transfers to external wallets Payments processor PayPal is finally offering a feature that will let people transfer their crypto-holdings to a third-party wallets (and/or exchange). In October 2020, PayPal started letting users buy and sell bitcoin, ethereum, litecoin, and bcash. …

Russia open to bitcoin for international payments The Central Bank of the Russian Federation is open to allowing the use of bitcoin and other cryptocurrencies for international payments, according to a report from Reuters. “In principle, we do not object to the use of cryptocurrency in international transactions,” said first deputy governor of the central bank, Ksenia…

Amount of bitcoin held in exchanges hit Its 2-year lowest The amount of bitcoin held in various crypto exchanges reached a 2-year low of 2,476,141 BTC on 15 May. Nearly 3.05 million BTC were held by major exchange reserves in early March 2020, establishing an all-time high. This accumulation gradually declined and reached its low of 2.52 …

Central bankers meet in El Salvador to talk about bitcoin This week, 44 central bankers from developing countries around the world are attending a conference in El Salvador to discuss financial inclusion, financing for small and medium-sized businesses and Bitcoin. Central bank delegates from Ghana to Burundi, Jordan to the Maldives and Pakistan to Costa Rica arrived in San Salvador…

El Salvador buys 500 BTC, shows plan for Bitcoin City President Nayib Bukele from El Salvador announced that his government has bought USD 15.4m worth of BTC. While the price dropped below $31.000, the Central American country added 500 BTC to their reserves. The purchase means that El Salvador has bitcoin reserves of over BTC 2,300 (USD 73.8m), …

Coinbase borrows Goldman Sachs’ first Bitcoin-backed loan According to a report from Bloomberg, Goldman Sachs offered its first ever lending facility backed by Bitcoin to cryptocurrency exchange Coinbase. The exact amount has not been disclosed, but it was collateralized by a portion of Coinbase’s total holdings of 4,487 Bitcoin, worth $170 million at current prices. …

Fidelity set to support Bitcoin for 401(k) accounts Fidelity is warming up even more to Bitcoin. According to reports, the asset manager has unveiled plans to add Bitcoin to its widely popular 401(k) plans. The Wall Street Journal (WSJ) notes that the firm’s Bitcoin retirement savings product will launch later this year. Bringing the option to over 23,000…