Bitcoin

Crypto market turns red after U.S. Federal Reserve reveals plans to increase interest rates.

Crypto markets have shed a further 3.3% on the day in terms of total market capitalization, which has now fallen to $1.70 trillion. Over the past 12 hours, an additional $116 billion has left the space as the selloff...

Cathie Wood, Ark Invest report predicts bitcoin could reach $1 million by 2030.

According to the firm's "Big Ideas 2022" outlook report prepared by ARK analyst Yassine Elmandjra, the world's largest cryptocurrency value will soar in the next decade as more investors adopt the digital currency. Furthermore, Elmandjra, who noted that bitcoin's market capitalization...

The International Monetary Fund has urged El Salvador to remove its bitcoin law.

The International Monetary Fund's board urged El Salvador to do away with its move to make bitcoin a legal tender while calling for strict regulation of the country's e-wallet. IMF board members "urged the authorities to narrow the scope...

El Salvador buys more bitcoins as the cryptocurrency’s price falls to $36,000.

The Central American country of El Salvador has added 410 Bitcoins to its central reserve as BTC prices trade below $37,000, a price last seen on Jul. 26, 2021. The fresh addition to the country's BTC reserve was announced...

Bitcoin falls to $38,000 to hit a six-month low.

The leading cryptocurrency Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 yesterday to $38,258 by 4 am UTC today. Today’s price crash has so far wiped about $50 billion from the...

Russian man sentenced for illegally connecting his crypto farm to the grid to two years in prison.

The city court in Syktyvkar, capital of the Russian Komi Republic, convicted a 39-year-old local resident who was operating an underground crypto farm guilty of electricity theft. The crypto mining hardware was installed in a building rented from an...

The use of bitcoin as a digital payment declined in 2021.

According to one of the biggest crypto payment processors in the world, Bitpay, the use of digital tokens other than Bitcoin in purchasing is increasing among consumers and businesses. The crypto company noted that the use of Bitcoin in...

Fidelity expects more sovereign nations to acquire bitcoin this year.

Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report earlier this month on crypto trends and their potential future impact. Among the trends discussed in the report is cryptocurrency adoption by sovereign nations. This past year saw...

Bitcoin reclaims $43,000 after a volatile week.

After yesterday’s drop to near $42,000 levels, the leading cryptocurrency bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains...

Thailand benefits from China’s crypto ban decision

The move by China to ban cryptocurrency miners appears to have had a positive impact on another Asian country, with Thailand seemingly having benefited in a major way, according to a recent report to have been published. Arabic media outlet...

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Indian crypto sector expects some clear regulations for the industry in the upcoming budget.

One of the world’s fastest-growing crypto hubs has been in regulatory limbo for quite some time now, but many...