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El Salvador has reportedly removed the legal tender status of Bitcoin ( BTC ) after less than four years because of pressure from the International Monetary Fund (IMF). According to a new report from BBC, the reform to El Salvador’s Bitcoin Law that the country’s lawmakers approved last week modified six and removed three of the provisions from the 2021 legislation that made it the first country in the world to adopt a cryptocurrency as legal tender. The report says the amendments make the acceptance of Bitcoin voluntary and abandon the official currency status of the asset. E conomist Julia Evelin Martínez tells BBC the implications of removing the term “currency” and leaving “legal tender” in the first article of the law, which reportedly caused confusion. “The key is that the concept of currency disappears. For example: the euro is legal tender in the country because people can use it optionally if both parties agree, but it is not legal tender because no one is obliged to accept payments in euros.” The legislative assembly passed the reforms while the government aims to secure a $1.4 billion funding deal from the International Monetary Fund (IMF) that is conditional on El Salvador reducing its Bitcoin-related risks. Last year, IMF spokesperson Julie Kozack said that the global lender urged El Salvador to reconsider its policies on Bitcoin as part of a discussion to support the country’s economic reforms. “What we have recommended is a narrowing of the scope of the Bitcoin Law, strengthening the regulatory framework and oversight of the Bitcoin ecosystem, and limiting the public sector exposure to Bitcoin.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post El Salvador Reverses Bitcoin Legal Tender Status Under Pressure From IMF: Report appeared first on The Daily Hodl .
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DOGE ETF Could Open the Floodgates—Will XYZVerse (XYZ) Be the Next Meme Coin to Hit Wall Street?
The approval of a DOGE ETF could signal a breakthrough for meme coins in mainstream finance. As doors open for Dogecoin, questions arise about which coin might be next. Could XYZVerse (XYZ) be poised to make a similar leap onto Wall Street? This article explores the potential of XYZ in the evolving landscape of digital currencies. Trump’s Inauguration Sparks Crypto Chaos: $XYZ Meme Coin Ready to Deliver a 99,900% Knockout Donald Trump’s inauguration has triggered a seismic shift in the crypto market, setting the stage for a bull run like no other . As the dust settles, major coins limp forward with uninspiring double-digit gains, while meme coins are stealing the show . PNUT’s recent 4,500% surge? FRED’s 6,000% explosion? Ancient history, buried in the ashes of short-lived hype. These coins buckled under selling pressure, leaving FOMO-ridden investors licking their wounds. But the crypto battlefield doesn’t wait for the weak — a new titan has emerged with plans to obliterate profit records and deliver an earth-shaking 99,900% surge . Take the XYZ Side – The Undisputed Champion of Meme Coins $XYZ Breaks into the Ring to Knockout Meme Coin Legends Meet $XYZ – the first-ever all-sports memecoins for true crypto degens hungry for 1000X profits . This is the token for those who thrive on the thrill of competition . As Trump takes the reins, the crypto market is set to erupt so the competition is getting fierce . Only the strongest tokens can survive in this no-mercy arena. Here comes the dawn of a crypto era for those with balls of steel — the guys like Joe Rogan and Dana White — who’d proudly rally behind Trump’s team. With such true men of business on board, there is no place for old pussy meme coins, it’s time for real brutal coins . Fueled by the sports mentality , the $XYZ token has emerged as the ultimate contender ready to crush competitors and rocket to the moon on Elon Musk’s mission. $XYZ is on its way to the winner’s podium to become a badge of honor for those who live and breathe sports and crypto. $XYZ Already Delivers Even Before Hitting the Market The $XYZ presale is underway, providing access to the token at a special pre-listing price. Launch Price : $0.0001 Price Now : $0.002 In just a couple of months, $XYZ already soared over 2000%! Next Stage : $0.0025 (+25% jump incoming) Final Knockout Target : $0.1 From launch to the token generation event, $XYZ is targeting a mind-blowing 99,900% surge! If you’re not in, you’re out. The $XYZ presale is already smashing through stages with the speed of a champion’s knockout blow. Join $XYZ Presale Now and See Your Pennies Grow Into Millions! Dogecoin: From Internet Joke to Crypto Superstar Dogecoin started as a joke in 2013, created by Billy Marcus and Jackson Palmer. They wanted a fun alternative to serious cryptocurrencies like Bitcoin. Using a Shiba Inu dog as its logo, Dogecoin caught people’s attention online. Unlike Bitcoin’s limited supply, Dogecoin has no maximum limit, with 10,000 new coins mined every minute. Initially seen as a “memecoin,” its value soared in 2021. Social media buzz, especially from Elon Musk’s tweets, pushed Dogecoin into the top ten cryptocurrencies, reaching a market value of over $50 billion. This rise showed the power of community and how social media can impact financial markets. Today, Dogecoin’s future seems full of potential. Its technology allows for fast and cheap transactions, making it practical for everyday use. The unlimited supply means there’s plenty to go around, which could help with wider adoption. Compared to other coins like Bitcoin and Ethereum, Dogecoin is more accessible due to its lower price. In the current market, many investors are looking for affordable cryptocurrencies with strong communities. Dogecoin fits this trend and stands out as a unique option. While it began as a joke, its growing acceptance suggests it might be more than just a passing fad. Conclusion Though DOGE remains popular, XYZVerse (XYZ) could become a significant player by uniting sports fans and meme culture in the current bull market. You can find more information about XYZVerse (XYZ) here: Site , Telegram , X Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Daily Hodl
Trump’s Statements Shake the Crypto Market: What Does It Mean?
Recent news causes significant instability in the cryptocurrency market. Trump`s tariff discussions directly influence cryptocurrency valuations. Continue Reading: Trump’s Statements Shake the Crypto Market: What Does It Mean? The post Trump’s Statements Shake the Crypto Market: What Does It Mean? appeared first on COINTURK NEWS . The Daily Hodl
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