El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the morning, El Salvador’s president became tech support for a nation stepping into the world of cryptocurrency. […]
Cryptocurrency
El Salvador is betting that this week’s pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States. A fervent proponent of the cryptocurrency, President Nayib Bukele has asked the more than 2 million Salvadorans who live overseas to send […]
Billionaire investor, John Paulson, is setting his bets against cryptocurrency, predicting the crypto market’s vacant financial fantasy is bound to collapse as it will “go to zero,” as he gives gold the knighthood of a “safe haven.” Since digital coins are the desired novelty of this era, from the looks of it, cryptocurrency will stand its ground as […]
Cuba’s government said Thursday it will recognize — and regulate — cryptocurrencies for payments on the island. A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba. The popularity of such currencies has grown among a technologically […]
PayPal announced on Monday that it will allow UK customers to buy, hold, and sell digital currencies, starting this week. The cryptocurrency world is growing by the second, prompting organizations around the globe, like PayPal, to take notice. However, there’s a trick to the equation. Initially, the online payments giant will introduce only Bitcoin, Ethereum, […]
On Tuesday, Cryptocurrency trading platform, Binance revealed that it had hired Greg Monahan, a former IRS criminal investigator as the platform’s Global Money Laundering Reporting Officer (GMLRO), to investigate crypto money laundering allegations. As it bets on reinforcing its existence in the digital currencies market, Binance played its latest card to reinvent itself as a […]
After helping a new generation of investors get into stocks, Robinhood is increasingly doing the same for cryptocurrencies. More than $4 of every $10 that Robinhood Markets Inc. made in revenue during the spring came just from customers trading dogecoin, bitcoin and other cryptocurrencies. Robinhood also said Wednesday that it lost $501.7 million, or $2.16 […]
Investing in cryptocurrency can be as easy as a few taps on your phone, and with crypto all over the news and coming up in conversations with friends, it’s tempting to dive right in. However, depending on your financial situation and appetite for investing risk, crypto might not be an appropriate investment for you right […]
Walmart is officially joining the cryptocurrency bandwagon. The popular American retailer posted on the company’s job listing a new position for a senior director to develop digital currency products, with the potential of including cryptocurrency payments. If you’re still warming up to the idea of cryptocurrency disrupting our traditional means of finance, then you might be moving on a slower pace as an increasing number of Fortune 500 companies are beginning to work with the digital currencies. Walmart’s move […]
More than $600 million in cryptocurrency has been stolen from the protocol PolyNetwork, in a scheme that’s regarded as one of the largest thefts in the history of cryptocurrency. In a letter posted on Twitter, PolyNetwork, a decentralized platform that allows crypto coin holders to trade assets across a variety of blockchains, pleaded with hackers to return the haul on Tuesday. “Dear Hackers,” the […]