© Reuters.
Investing.com – Bitcoin, Ethereum and Solana failed to extend their recent rally and are posting losses this Friday, January 14, 2022. The fall -3.04% to $42,581, while the Ether is down -2.85% to $3,261 and Ether is down -3.25% to $146.67.
Bitcoin: El Salvador’s crypto fund records losses
El Salvador is the first country in the world to accept bitcoin as a legal form of payment last year. In this context, according to a Bloomberg report, the country bought bitcoins worth $71 million, at an average price of $51,000 per unit.
At present, the value of these bitcoins has fallen to less than $61 million, which represents a book loss of more than $10 million. However, Bloomberg also reported that this was a negligible item compared to the collapse in El Salvador bonds and rising borrowing costs.
: founder Vitalik Buterin asks for alternatives to ether
Ethereum founder Vitalik Buterin asked his more than 3 million Twitter followers (NYSE:) which currency would be most likely to surpass ETH as a means of payment and store of value in 2035.
Of the 430,000 votes cast, 48.2% of respondents believe that 80% of all transactions will be made via bitcoin in 2035. In addition, 29.8% believe that ADA will be the first global payment method, followed by the SOL with 14.6% and only 7.4% are in favor of the dollar.
Solana: a new strategy for institutional investors
The Solrise ecosystem, based on Solana, has recruited fintech veteran Joseph Edwards to lead its financial strategy.
His new mission will be to reinforce the importance of the company in the area of wealth management products for institutional investors. He himself believes that Solana’s potential in the DeFi field is revolutionary and states thus:
“I am very happy to join Solrise now, as the company wishes to develop its offer for institutional and private clients. I have been enthusiastic for a few years now by the development potential of Solana, and the possibility of contributing to the of a still young DeFi ecosystem and to make a small contribution to get it beyond this initial stage is an extremely interesting mission”.
By Marco Oehrl
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