earn interest on bitcoin

Bitcoin fell on Friday, 28 May, amid a market downturn that also saw Ethereum and other cryptocurrencies fall in value. Only one cryptocurrency managed to counter this trend - the new DubaiCoin - rising 1,000% in the last 24 hours. This was reported by The Independent on 28 May. Bitcoin is not alone in the field: the value of 9192 cryptocurrencies stood at $2.4 trillion Etherium has the potential to rise in price to $10,000 in the next year On Friday morning, bitcoin on the cryptocurrency exchange Binance fell to $35.5 thousand, having fallen 9% in the past 24 hours. The day before, bitcoin plummeted to $29,925. During the collapse investors bought up 77 thousand digital coins worth more than $3 billion. Later its rate significantly increased. Etherium is down about 9% to $2,500. DubaiCoin on token platform Crypto.com is worth $1,13,000, adding +1,114% overnight. "DubaiCoin cryptocurrency has never been approved by any official authorities in Dubai. The website promoting it is an elaborate phishing campaign designed to steal visitors' personal information," the official Dubai government Twitter account said. Do you need to register a sole proprietorship? Call now! Advertisement buhgalter-tomsk.com How to make money from crypto? Advertisements 25aktivov.ru 18 resources for the novice trader! Advertisement polezniyefinansi.ru Cryptocurrency exchange KuCoin. Buy and sell BTC,ETH, LTC Advertisement kucoin.com The day before the Emirati newspaper Khaleej Times reported that on May 26 a press release was issued stating that Arabian Chain Technology was behind the launch of DubaiCoin. Later that day, the company's Twitter account said it had not sent out the release and urged citizens to be cautious. It was stressed that the website of the cryptocurrency they allegedly released was fraudulent. El Salvador has had two national currencies since yesterday: the traditional one, the US dollar, and the brand new one, Bitcoin. The Central American country was the first to adopt cryptocurrency as legal tender. Bitcoin has become El Salvador's official currency Three minutes before midnight local time on September 7, the country's president Nayid Bukele posted on Twitter that the country is going to "make history" with this move. In doing so, he tentatively confirmed that El Salvador had bought 400 bitcoins, roughly equivalent to $20.9 million at the time of purchase. According to the law that came into effect, Salvadoran citizens will be able to pay taxes in bitcoins and shops will be able to set prices in the digital currency. Money exchanged for cryptocurrency will not be subject to capital gains tax. The move makes El Salvador the first country to officially have Bitcoin on its balance sheet, holding and displaying it as part of its reserves. El Salvador has been preparing for the law to take effect (passed in June) for several months. In August, for example, 200 ATMs were installed across the country for easy conversion of cryptocurrency into US dollars and back. El Salvador has also launched its own digital wallet called Chivo, with each user promised $30 in bitcoins to encourage the use and settlement of the cryptocurrency. Bitcoin has become El Salvador's official currency This is what a cryptocurrency-enabled ATM looks like Proponents of Bitcoin's inclusion as a national currency say the move will make it easier and cheaper for migrants to send money home to El Salvador. And this is important because remittances account for more than 24% of the country's gross domestic product, according to the World Bank. There is also a view that the move will improve citizens' access to financial services. There is, however, another opinion. There are fears that the adoption of such an unstable currency could jeopardise the country's economic stability. Suffice it to recall how bitcoin almost halved in the summer. The law passed in El Salvador has already led to Moody's decision to downgrade El Salvador's credit rating. The IMF has also warned of the potentially destabilising consequences of the new law. Acceptance of cryptocurrency for payment will be mandatory in the country. Bitcoin has become official tender in El Salvador, the country's parliament passed the law on 9 June. President Nayib Bukele has promised to sign the document in the near future, after which it will come into force "immediately". The head of El Salvador said that bitcoin would become an official tender on a par with the US dollar. There are 90 days from the entry into force of the law to set up the infrastructure for cryptocurrency payments. The government of El Salvador will also create a cryptocurrency wallet with a token value of up to USD 150 million, based on the Development Bank. This will allow the cryptocurrency to be quickly exchanged for dollars. Bukele previously reported that the recognition of bitcoin as official tender would make it easier for the country's citizens working abroad to send money back home. The funds represent about 20 per cent of El Salvador's GDP investing in cryptocurrency earn bitcoins