China News Daily TheBitTimes.com

The influx of investment products into digital assets amounted to $1.18 billion. Despite the launch of the Bitcoin ETF, capital inflows of $1.18 billion did not break the October 2021 record of $1.5 billion, according to a CoinShares report. At the same time, trading volumes have broken records, with trading volume of $17.5 billion last week, the highest ever, compared with an average of $2 billion per week in 2022. These trading volumes accounted for almost 90% of the daily trading volumes on trusted exchanges on January 12. Geographically, experts added that in the United States last week there was an inflow of funds in the amount of $1.24 billion. Countries such as Germany, Canada and Sweden recorded an outflow. Analysts believe that this distribution of funds occurred due to the desire of traders to switch from Europe to the United States. Bitcoin (BTC) inflows were $1.16 billion, Ethereum (ETH) inflows were $26 million, and XRP inflows were $2.2 million. Solana (SOL) was...

The El Salvadoran Congress has approved a law to speed up the citizenship acquisition for those who make donations in Bitcoin (BTC). El Salvador’s Congress, with backing from President Nayib Bukele’s New Ideas party, has passed a migration law that offers fast-tracked citizenship to foreigners who contribute to government social and economic programs through Bitcoin donations. This unexpected decision, made in a late-night vote by the unicameral legislature on Dec. 21, is expected to come into enforcement in the coming days, per a Reuters report. However, the law does not contain any minimum requirements for a donation. The reform stipulates that those who qualify will skip the standard need for the naturalization process of five years of continuous residence for anyone from a non-Hispanic country or two years if the person has a Salvadoran spouse. You might also like: Few people sent money to El Salvador using Bitcoin and Crypto in H1 2023 At the same time, ...