Twitter CEO Jack Dorsey confirmed to investors the significant role Bitcoin will play in the platform’s future by planning to incorporate cryptocurrency into the company’s current products and services. Dorsey has been a die-hard Bitcoin advocate since its inception into the market, but now the world is witnessing his commitment to cryptocurrency as he plans […]
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Bitcoin rises back after witnessing another slump, surging past $30,000 today according to Coindesk. Once again, Elon Musk is behind the intense jump in value, as he reiterated his backing of Bitcoin during a panel held on Wednesday. The Tesla chief, who has been extremely vocal in the past about the environmental risks of Bitcoin mining, has confirmed during the “B Word” cryptocurrency conference that he will most likely resume accepting Bitcoin. “I […]
At this point, the idea of Elon Musk easily playing with the crypto market through social media is reoccurring, as the Tesla Chief strikes once again with another tweet that swung the market in the favor of Dogecoin. Leave it to the “Dogefather” himself to lift the meme-coin from its slump. After witnessing a steady […]
Bitcoin mining difficulty has decreased by 28 percent, considering the recent drop-in hash rate caused by China’s declaration in May to clamp down on mining and trading. This difficulty adjustment was the largest in its history with more than 54 percent of bitcoin’s hash rate, which is the collective computing power of miners worldwide, has […]
Mexico’s central bank on Monday swatted down the cryptocurrency enthusiasm expressed over the weekend by one of the country’s leading bankers. Ricardo Salinas Pliego, a magnate with large operations in retail, banking and television who has been seen as President Andrés Manuel López Obrador’s closest business ally, wrote in his social media accounts Sunday that […]
El Salvador’s president says use of the cryptocurrency Bitcoin will not be mandatory, but the country is planning to give out starter accounts with $30 to promote its use. Finance Minister Alejandro Zelaya said Thursday the government will allocate $120 million to establish as many as 4 million starter Bitcoin accounts, or “wallets,” though he […]
After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. Some 500 fishing and farming families use bitcoin to buy groceries and pay […]
El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference. The digital currency, originally created to be money out of the control of governments, can be used in any transaction […]
Cryptocurrency has dominated worldwide headlines, taken over the minds of basically every tech enthusiast, FinTech genius, business, and global governments across the spectrum. Everyone is either buying it, investing in it, or mining it; through rise and fall, people are in full swing with crypto wallets popping up as far as the finger can scroll. […]
Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in […]