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Crypto

El Salvador\'s Bukele tops global leader approval rankings at 94 percent

El Salvador President Nayib Bukele posted a 94 percent approval rating, ranking first in a survey of leaders from 26 countries, a blockchain media outlet reported. The crypto industry has focused on his push for national bitcoin adoption, with El Salvador making bitcoin legal tender in 2021 and continuing daily purchases. A recent CID Gallup poll found only 2.2 percent of Salvadorans cited bitcoin as his administration’s biggest failure.

Crypto

Bhutan sells another 319 bitcoins, holdings down 70 percent

Bhutan moved an additional 319 bitcoins from government-linked wallets, extending a selling trend that has continued since late last year. The transfer was worth about $22.68 million, and cumulative outflows since late October last year have exceeded 9,000 bitcoins. Bhutan\'s holdings fell to 3,654 bitcoins in April from about 13,000 at the end of last year, a drop of about 70 percent. The government has not issued a public statement on the move.

Crypto

U.S. SEC approves Nasdaq stock tokenisation plan as Wall Street drives blockchain

The U.S. Securities and Exchange Commission has approved Nasdaq’s plan to tokenise securities, allowing tests in which certain stocks and ETFs are issued as blockchain-based tokens and traded alongside existing shares. Investors can hold tokenised versions in digital wallets, while settlement is handled by the Depository Trust & Clearing Corporation. Supporters say tokenisation could enable 24-hour trading and instant settlement, though the model does not replace the current financial system.