Bitcoin

Bitcoin adoption gains momentum in El Salvador as citizens exchange their U.S. dollars for bitcoin.

El Salvador’s mainstream Bitcoin adoption has gained momentum during the ongoing bull run as citizens increasingly exchange their United States dollar savings for Bitcoin. President Nayib Bukele shared this new development on Twitter based on the data acquired from...

The U.S. replaces China as the world’s biggest bitcoin miner.

The United States has become the world's epicenter for Bitcoin mining after a crackdown in China effectively eliminated the practice in the former cradle of the industry. According to a Cambridge Center for Alternative Finance study published on Wednesday,...

The total active Bitcoin entities increased by 19% in October.

The on-chain activity of Bitcoin has recovered quickly in the last two weeks. The total active BTC entities and the average transaction size have increased sharply since the start of October 2021. The recent weekly on-chain analysis report published...

JPMorgan CEO says bitcoin is “worthless” and is due for regulation.

Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless," Reuters reported. "No matter what anyone thinks about it, the...

Iranian officials warn that crypto mining will be responsible for electricity outages this winter.

Iranian officials have warned their citizens that crypto mining will be responsible for "10 percent of electricity outages this winter". Bitcoin mining in Iran is currently legal, and some 19,500 Bitcoins are mined annually. The State Electric Company released...

US Senator Ted Cruz says Texas should use abundant energy for bitcoin mining.

Ted Cruz, the US Senator from Texas, recently addressed the Texas Blockchain Summit and mentioned that the state could use abundant energy for Bitcoin mining. Cruz also highlighted the key benefits of Bitcoin mining through natural gas. Bitcoin mining has always...

JPMorgan analyst says institutional investors see bitcoin as an inflation hedge.

Bitcoin finally jumped above the market cap of $1 trillion this week for the first time since mid-May 2021. According to JPMorgan, the rising interest from institutional investors played a major role in the latest BTC rally. According to...

Bitcoin breaks above $55,000, hitting the highest level since mid-May.

Bitcoin rallied on Wednesday, soaring above $55,000 and hitting its highest level since mid-May. Regulatory fears have eased this week after both Treasury Secretary Janet Yellen and SEC chair Gary Gensler noted that they have no plans to impose...

Bank of America publishes a report on the crypto industry.

The Bank of America (BofA) has published a research report outlining the current and prospective state of the cryptocurrency industry, which now holds more market value than the GDP of Italy and Canada. The report is the first cryptocurrency publication...

Bitcoin sees a weekly institutional inflow of $69 million.

Bitcoin regained its status as the most preferred cryptocurrency among institutional investors last week after it saw inflows of approximately $69 million. According to the recent digital asset weekly fund flows report published by CoinShares, one of the world’s largest cryptocurrency...

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The European Central Bank appoints an advisory group for the digital euro project.

The European Central Bank has announced the appointment of the Digital Euro Market Advisory Group. This organization will give council to...