Bitcoin

Canaan’s net revenues reached $167.5 million in Q2 of 2021.

Crypto mining hardware manufacturer and computing solutions provider Canaan recently released its unaudited financial results for the second quarter ended 30 June 2021. The company's net revenues reached $167.5 million in the latest quarter, the highest in the company's operating history....

Bitwise is seeking to launch a bitcoin futures ETF.

Crypto asset manager Bitwise is seeking to launch an exchange-traded fund (ETF) tied to cash-settled Bitcoin futures contracts, adding its name to a growing list of hopefuls for this type of investment vehicle. ETFs are investment products that track...

El Salvador government will exempt foreign investors from taxes on bitcoin profits.

The government of El Salvador has announced that foreign investors will be exempt from taxes on bitcoin profits. A government adviser disclosed the information on Sept 10, which is a development that further incentivizes entrepreneurs and investors to enter the nation....

El Salvador’s largest bank Bancoagrícola is now accepting bitcoin payments.

El Salvador's largest bank, Bancoagrícola, is now accepting payments of loans and credit card bills in bitcoin. They can also now use the leading cryptocurrency to purchase goods and services from merchants connected to the bank's payment gateway. Bancoagrícola,...

Crypto volatility causes liquidations of $3.4 billion worth of long positions.

Bitcoin dropped by nearly 15% yesterday, along with Ethereum and other cryptocurrencies. Due to the recent crypto market volatility, approximately $3.4 billion worth of long trading positions got liquidated in the last 24 hours. According to bybt.com, a leading...

El Salvador buys $20.9 million worth of bitcoin as the country makes history.

El Salvador bought roughly $20.9 million worth of bitcoin one day before it formally adopts the world's most popular cryptocurrency as legal tender. In a series of tweets Monday, President Nayib Bukele revealed that the country had purchased a...

Bitcoin nears $52,000 ahead of El Salvador’s adoption.

A growing movement on social media platforms is calling for people to buy small amounts of Bitcoin in support of El Salvador's plan to make the cryptocurrency an optional legal tender. Users on platforms including Twitter and Reddit are...

Ether moves above $4,000 for the first time since May.

The second-biggest cryptocurrency ether moved above $4,000 for the first time since May 15, with analysts citing frenzied demand for non-fungible tokens (NFTs) as a driver of recent momentum. The cryptocurrency, linked to the ethereum blockchain, was up 5.02%...

El Salvador residents protest one week before the controversial Bitcoin Law takes effect.

When President Nayib Bukele declared to the world that he was making BTC legal tender, he expected to be hailed as a visionary, and he was. Now, fresh protests have broken out as Salvadorians say no to BTC, one...

US SEC chief says cryptocurrency platforms are too big to survive without regulations.

US Securities and Exchange Commission boss Gary Gensler has said cryptocurrency platforms have become so large that they need to embrace regulation or risk losing public trust as he hones in on the booming crypto trading sector. The US...

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Canaan’s net revenues reached $167.5 million in Q2 of 2021.

Crypto mining hardware manufacturer and computing solutions provider Canaan recently released its unaudited financial results for the second quarter ended 30...