Daily Crypto News Feb 25, 2022: Top 3 crypto updates

While the crypto community was worried sick about the recent crypto crash, in today’s crypto news we have decided to focus on the positives around the crypto space. The crypto community at large is quite bullish about the latest crash while it also bleeds for the innocent global citizens. Crypto exchange Bitrue, has decided to add Cardano (ADA) as its base currency. This comes after the exchange decided to launch new trading pairs valued against this altcoin. Do you also want to add ADA to your portfolio, you can visit India’s safest and simplest crypto investment app, CoinDCX. 

The Mexican Senator after her visit to El Salvador has decided to make a bill that shall contribute to making Bitcoin a legal tender. According to her interview, the rising financial movement in El Salvador helped her to make this decision. 

According to the latest reports presented by the tourism ministry of El Salvador, tourism in the country has increased by 30% after the introduction of the Bitcoin law. The tourists now are just not from the neighboring countries but 60% of them visit from the United States. Do you also wish to visit El Salvador, the first country to accept Bitcoin as a legal tender? Read more on this news below. 

Quick Crypto News Roundup! 

Daily Crypto News  Feb 25, 2022

Crypto Exchange Bitrue added Cardano as a Base Currency

The Singapore headquartered crypto exchange, Bitrue announced on February 24 its plan to make Cardano (ADA) a base currency within the exchange. The exchange is also about to launch new trading pairs on February 24. 

According to their latest announcement, the exchange is going to pair several crypto assets such as flux, DigiByte, Cartesi, Loom Network, Kyber Network, etc against ADA. 

Read: Is investing in Cardano (ADA) good? Deep dive into Cardano

Source: Cryptoglobe 

Mexican Senator plans to introduce a bill to make Bitcoin a legal tender

The Mexican Senator from the state of Nuevo Leon, Indira Kempis in a recent interview with Diario El Salvador discussed her intention of proposing a bill that will make bitcoin a legal tender in Mexico. She revealed that she received this insight after visiting El Salvador and coming across the rising financial rise within the nation. She stated that she has no doubt about El Salvador becoming one of the most important hubs or laboratories for Bitcoin in the entire world. She wants a solution such that millions of people can be included within the financial system. 

She also expressed her approach to legislate the entire process in order to accept bitcoin as a legal tender. 

Read: Will Bitcoin touch $100,000.

Source: Bitcoin magazine 

El Salvador tourism grows by 30% since Bitcoin Law 

The tourism sector plays a key role in the growth of any country. And according to the President of El Salvador, Nayib Bukele, this is going to be the second economic boost for the country in 2022. 

Tourism in El Salvador has increased by 30% after the Bitcoin Law was passed by the nation. According to the Tourism Minister of the nation, the sector has received 1.1 million visitors so far and the projections have been decided as 1.4 million. The implementation of Bitcoin has surely worked as a great strategy for the nation to attract tourists. It is also an interesting fact that earlier the tourists were only from the neighboring countries but now 60% of the tourists visit the nation from the United States. 

Source: El Salvador in English   

Crypto Market Trend February 25, 2022

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

*All prices are latest by 11:45 AM February 25, 2022.*

Top 3 Crypto Losers 

*All prices are latest by 11:45 AM February 25, 2022.*