doolik website logo
The US Federal Trade Commission (FTC) has taken a significant step by referring a complaint against TikTok and its parent company, ByteDance, to the Department of Justice (DOJ). The complaint centers on potential violations of children's privacy laws. This development underscores the growing scrutiny TikTok faces in the United States, as the popular social media platform navigates legal and regulatory challenges.
image of this article category

An unprecedented step... The first country to adopt Bitcoin as a legal currency

11.06.2021 09:32 AM
Latest
An unprecedented step... The first country to adopt Bitcoin as a legal currency
dooklik website logo
share
share this article on facebook
share this article on twitter
share this article on whatsapp
share this article on facebook messenger
An unprecedented step... The first country to adopt Bitcoin as a legal currency
El Salvador's parliament approved, on Wednesday, a law declaring bitcoin as a legal currency in an unprecedented move in the world supported by President Najib Bukele to boost the growth of the Central American country.

Article 1 of this provision states that “the aim of the law is to make Bitcoin an unrestricted legal currency that has the power to clear payments and is unlimited in any transaction.”

The law is supposed to be presented to the president for his signature.

Cryptocurrency market volatility
 

After a period of decline and collapse in the crypto currency market last May, the first days of June witnessed dramatic changes, coinciding with a number of happy news that returned the green arrows to the indicators to follow the movement of digital currencies.

According to the CoinMarketCap website, which specializes in analyzing digital currencies, the last seven days, until noon on Sunday, June 6, witnessed a remarkable rise in the growth of most of the famous digital currencies; the number of crypto currencies in circulation reached 10,296, with a total market capitalization of $1.645 trillion.

The “Bitcoin” currency rose by about 1.5 percent, the “Ethereum” currency rose by about 13 percent, the “Binance” currency rose by nearly 20 percent, while the “Dogecoin” rose by a value that exceeded the 20 percent threshold.

This recent and sudden rise was prompted by a number of reasons and factors, which experts and economic analysts monitored for the "Sky News Arabia" website.

Elon Musk
 

The economist adds that there are other factors that have driven the recent rise of cryptocurrencies, such as Elon Musk's post about Dogecoin; His blog included a positive reference to Dogecoin, which boosted its market value.

Also among the factors that supported the Dogecoin currency was its availability by the “Coinbase” platform last Thursday, which opens up a wider scope for it to trade, according to Maati.

Related Articles
doolik website logo
Elon Musk's recent legal maneuvering against OpenAI and its CEO, Sam Altman, has sparked intrigue and speculation within the tech community. This unexpected move, made without explanation, raises questions about the future of AI development and the dynamics of tech industry partnerships. Let's delve into the intricacies of this saga and its potential impact on the evolving landscape of artificial intelligence.
doolik website logo
YouTube has taken a significant step to enhance the visibility of concise educational videos elucidating fundamental first aid techniques for emergency and critical situations. The platform, in its commitment to facilitating access to vital information, announced on its official website a strategic initiative to streamline the discovery of instructive videos.
doolik website logo
MSI, the leading computer manufacturer, announced the launch of its new gaming device, called “Claw,” amid increasing competition in the portable gaming device market, especially after the great success achieved by the “Steam Deck” device. From "Valve".
Live Video Streaming
Live video streaming lets you engage with your audience in real time with a video feed. Broadcast your daily show to your audience with no limits, no buffering and high quality videos. Reach all devices anytime anywhere with different video qualities that suits any device and any connection.
$1,120/YE*
The website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.
ACCEPT