Top Cryptocurrency News Today: The biggest moves in NFTs, bitcoin, crypto rules and more
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Bank of America gave perhaps the highest praise a major U.S. bank could bestow on a cryptocurrency: It compared it to the world's largest credit card network."Solana could become the Visa of the digital asset ecosystem,” Bank of America global crypto and digital asset strategist Alkesh Shah wrote in a research note published Tuesday. He cited the more than 400 decentralized applications on Solana's network, which host everything from peer-to-peer exchanges to NFT marketplaces. Read more here.[/body][/content]
El Salvador President Nayib Bukele has cost the country money by betting on Bitcoin, according to calculations made by Bloomberg. Relying solely on Bukele’s frequent Twitter announcements that he bought Bitcoin, the Salvadoran president has bought 1,391 Bitcoin. Those purchases—according to Bloomberg—cost approximately $71 million based on an average price of $51,056 per Bitcoin. Assuming the government is still holding all of this Bitcoin, the total sum acquired is now worth roughly $59 million by today’s prices. Of course, these losses are merely on paper if Bukele hasn't sold any of the Bitcoin. Read more here.[/body][/content]
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