As established before, El Salvador is making Bitcoin (BTC) a legal tender in its nation. This will be set in motion from September 7, 2021, onwards. The time has come and El Salvador’s preparations for the special day are almost at its ready-set mark.
The Lightning Network (LN), a layer 2 payment solution built on top of the Bitcoin blockchain, enables transactions at minimum cost and time. In fact, it is touted to be the solution to Bitcoin’s scalability problem. Not so long ago, it surpassed 25,000 active nodes for the first time, on the back of an 8% hike in the same.
Multinational payment giant Visa has announced its plans to integrate cryptocurrency solutions into traditional banking platforms. Eduardo Abreu, Visa’s vice president of new business in Brazil, stated the company has plans to develop applications (APIs) to unite traditional banks with cryptographic products. In this way, it would be possible to make investments in cryptocurrencies and ETFs within banking platforms with no intermediates. The company also announced that it is working with several crypto firms in the country to bring crypto payment cards to the market.
Bitcoin (BTC) continues to inch further to the north moving closer all the way to $53,000. The world’s largest crypto is heading to $55,000 levels after giving a strong breakout and closing for the last week.
Our Polkadot price analysis suggests bullish signals in the next 24-hours of candlesticks after the coin retested the $35 minor support and is currently attempting to consolidate enough strength to sustain the $30 – $39 price level. Therefore, we are looking forward to an uptrend in the course of the day where Polkadot could build another support at $38 and enjoy a continuation to $40.
Layer-two scaling protocols for Ethereum have surged in adoption in recent months as gas prices climb again, and the L2 ecosystem is now processing more daily transactions than the Bitcoin network according to recent findings.
Ethereum-competitor Solana (SOL) has been on an unstoppable market rally. As of press time, Solana has gained another 22% hitting its new all-time high of $174.75.
Redditors are at it again, this time to celebrate El Salvador's Bitcoin law and Brazilian independence day.
Fourteen suspects allegedly behind a cryptocurrency scam have been arrested in Taiwan. According to the country’s Criminal Investigation Bureau, the scheme has defrauded investors out of millions of dollars.