Last week, President Nayib Bukele of El Salvador emphasized Bitcoin’s role in enhancing the country's global image that boosted foreign investment and tourism. At the NostrWorld Unconference in Riga, the synergy between Bitcoin and decentralized social networks was a key focus, showcasing the potential for integrating Bitcoin with the growing Nostr protocol. Meanwhile, Lightspark launched its Extend platform, facilitating instant Bitcoin payments for U.S. businesses, thereby expanding the accessibility of Bitcoin transactions. Publicly traded companies have increased their Bitcoin holdings by nearly 200%, bringing their total to $20 billion, reflecting strong institutional confidence in Bitcoin as a reserve asset. Additionally, Bitcoin in exchange experienced its third-largest daily net outflow of 2024, indicating a shift toward long-term holding among investors. Despite some withdrawals, including a $13.5 million outflow from BlackRock’s iShares Bitcoin Trust, the fund remains a dominant force in the Bitcoin investment landscape. Lastly, Nigeria's SEC granted its first provisional exchange license, a milestone in the regulation of the country’s rapidly growing digital asset industry, positioning Nigeria as a leading player in global digital asset adoption.
Share this post
Highlights of the Week- Issue #60
Share this post
Last week, President Nayib Bukele of El Salvador emphasized Bitcoin’s role in enhancing the country's global image that boosted foreign investment and tourism. At the NostrWorld Unconference in Riga, the synergy between Bitcoin and decentralized social networks was a key focus, showcasing the potential for integrating Bitcoin with the growing Nostr protocol. Meanwhile, Lightspark launched its Extend platform, facilitating instant Bitcoin payments for U.S. businesses, thereby expanding the accessibility of Bitcoin transactions. Publicly traded companies have increased their Bitcoin holdings by nearly 200%, bringing their total to $20 billion, reflecting strong institutional confidence in Bitcoin as a reserve asset. Additionally, Bitcoin in exchange experienced its third-largest daily net outflow of 2024, indicating a shift toward long-term holding among investors. Despite some withdrawals, including a $13.5 million outflow from BlackRock’s iShares Bitcoin Trust, the fund remains a dominant force in the Bitcoin investment landscape. Lastly, Nigeria's SEC granted its first provisional exchange license, a milestone in the regulation of the country’s rapidly growing digital asset industry, positioning Nigeria as a leading player in global digital asset adoption.