
Terra’s Bitcoin Reserves Hit $1 Billion Following Aggressive Buying On Price Dips

As of Saturday, 26th March, the network had accumulated a total of 15,390.9 BTC, bringing its total holdings to 24,954.95 BTC ($1.1 billion).
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As of Saturday, 26th March, the network had accumulated a total of 15,390.9 BTC, bringing its total holdings to 24,954.95 BTC ($1.1 billion).
Bitcoin continues to steer other cryptocurrencies on a bullish offensive moving into the weekend after a strong week, with the entire crypto market gaining well over $300 billion in the month.
Mexico’s third-richest person Ricardo Salinas Pliego visited El Salvador’s President Nayib Bukele in a show of support for the country’s Bitcoin agenda in the wake of other crypto leaders visiting the country.
Indian crypto tax policy has become the talk of the town for crypto investors and exchange providers in recent weeks. In just one week, Indians will start paying a cumbersome 30% tax on the proceeds made on cryptocurrencies after the nation’s Parliament passed the proposal on Friday.
The resurgence across major cryptocurrencies comes even as the Russian stock market opens up for trading after shutting down for a month following a central bank decision after major stock indices slumped in the aftermath of the Ukrainian invasion.
Israel’s Bank Leumi is set to become the first banking institution in Israel to enable cryptocurrency trading for its clients, according to a Thursday Reuters report.
This resurgence comes after Pavel Zavalny, the chairman of the Energy Committee of the State Duma of the Russian Federation said that Russia was open to accepting Bitcoin in addition to currencies by its allies when purchasing its natural resources.
Bitcoin bulls are keeping the flames of hope for investors by predicting that the value of the asset would hit half a million dollars. Mike Novogratz hypothesized mass adoption for the cryptocurrency after the events that plagued Europe in the last few weeks.
Larry Fink, the CEO of the world’s largest asset firm BlackRock, has suggested that the ongoing conflict between Ukraine and Russia could spark massive crypto adoption.
The US Senate passed its “Accountability for Cryptocurrency in El Salvador (ACES) Act” through committee on Wednesday, and the bill is set to be voted on by the house