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El Salvador became the first country to legalize Bitcoin

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El Salvador became the first country to legalize Bitcoin  El Salvador has become the first country to officially accept bitcoin as a legal tender. El Salvador's parliament voted Tuesday to approve the proposal. Sixty-two out of 84 lawmakers voted in favor of officially recognizing Bitcoin. President Bukele has responded that the government has made history. At the same time, El Salvador's citizens living abroad can now easily send money home, he said. He expressed confidence that along with this decision, the country's foreign investment will increase in the coming days, financial inclusion will improve and employment will also increase. In addition, in the next 90 days, Bitcoin will become the legal currency in El Salvador, similar to the US dollar. The new law requires businesses in El Salvador to accept Bitcoin as a legal currency for purchasing goods and services. Earlier, El Salvador said the scheme would provide financial services to 70 percent of people without a ban

What Elon Musk said was what led to the fall in the value of cryptocurrency

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What Elon Musk said was what led to the fall in the value of cryptocurrency Electric car company Tesla has canceled plans to buy vehicles from Bitcoin amid concerns over climate change. The company's founder Alan Musk made the announcement in a tweet. After this tweet, the price of Bitcoin has dropped by 10 percent. In March, Tesla announced it would accept cryptocurrency purchases. Many environmentalists and investors then opposed Tesla's move. In February, the carmaker said it had bought 1.5 billion worth of digital currency. But on Thursday, the company reversed its decision. "We are concerned about the growing biofuel consumption for the bitcoin business and bitcoin mining," wrote Alan Musk. We are particularly concerned about the use of coal, which emits the most carbon. The idea of ​​cryptocurrency is very good. But it doesn't have to pay a heavy environmental cost. ' Musk has also made it clear that the company will not sell the bitcoins it has bought.

Bitcoin's new record with Tesla's investment, price close to 50 thousand dollars

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Bitcoin's new record with Tesla's investment, price close to 50 thousand dollars The value of Bitcoin has reached close to 50,000 dollars. On Monday, Bitcoin's price rise came to a halt as it approached its all-time high. On Sunday, Bitcoin hit an all-time high of $49,717.66. But in Asian trading hours, Bitcoin fell 5.6 percent to $45,914. Bitcoin rival cryptocurrency Etherium, meanwhile, was up 8 percent. Electric car maker Tesla Corporation has decided to invest $1.5 billion in Bitcoin and accept it as payment. At the same time, Bitcoin is gaining widespread legitimacy. Bitcoin has gained 20 percent this week. In one year, it has increased by 60 percent. Its price fell sharply last March. Chris Weston, the chief researcher at Melbourne Brokerage Paperstone, says its value continues to rise as big players in the financial sector make net investments. In addition to Tesla, Bank of NY Mellon announced last week that it would build new units to help its clients buy and trade