Key Takeaways The IMF approved a $1.4 billion loan for El Salvador, with an immediate $113 million disbursement. El Salvador’s Bitcoin policy changes include making Bitcoin acceptance voluntary and ensuring taxes are paid in US dollars. Share this article The International Monetary Fund (IMF) has approved a $1.4 billion extended arrangement for El Salvador under its Extended Fund Facility, with an immediate disbursement of $113 million available to the country. The 40-month program is expected to attract additional multilateral financial support, creating a combined financing package of over $3.5 billion…
Day: February 27, 2025
Bybit secured UAE in-principle approval days before $1.4B hack
Bybit is nearing a full operational license in the UAE, expanding globally despite regulatory challenges and the $1.4 billion crypto hack. Source link
THORChain swap volume explodes past $1B after Bybit hack
THORChain’s swap volume has hit record highs as the Bybit hack laundering frenzy continues. Source link
Is BTC price about to fill a $78K Bitcoin futures gap?
Bitcoin has two clear targets on the horizon as unfilled CME futures gaps create near-term BTC price magnets. Source link
Is Bitcoin solo mining viable in 2025?
While technically possible, the likelihood of mining a block solo without significant hash power is extremely low. Source link
Core Scientific posts $265M Q4 loss, unveils $1.2B data center plan
Core Scientific sees potential for over $10 billion in cumulative revenue with the artificial intelligence hyperscaler CoreWeave. Source link
Ripple partners with BDACS for XRP, RLUSD custody in South Korea
Ripple Labs has signed a strategic partnership with BDACS, a South Korean digital asset custody provider, to support institutional custody for XRP and Ripple USD. The partnership, announced on Feb. 26, will enable BDACS to integrate Ripple Custody, the company’s institutional crypto and digital asset custody solution, to safeguard XRP (XRP), Ripple USD (RLUSD) and other crypto assets for financial institutions in South Korea. Source: Ripple Ripple president Monica Long highlighted the importance of institutional-grade custody amid growing enterprise interest in crypto. “South Korea is gearing up for a wave…
Nvidia revenues up 80% from ‘amazing’ demand for AI chips
Nvidia’s latest earnings have beaten Wall Street estimates on the top and bottom line as the chip maker said AI is advancing at “light speed.” Source link
Scammers use fake crypto jobs, ‘GrassCall’ meeting app to drain wallets
A cybercrime group has launched a complex social engineering scheme with fake crypto job ads, a fake firm and a malicious meeting app. Source link
FBI asks node operators, exchanges to block transactions tied to Bybit hackers
The FBI says it “encourages” private sector entities to prevent Bybit hackers from laundering more funds from the $1.4 billion hack on Oct. 21. Source link