Bitcoin

UN commission raises concerns about El Salvador’s decision to authorize bitcoin as legal tender.

The Economic Commission for Latin America and the Caribbean, or ECLAC, a United Nations regional commission to encourage economic cooperation, is the latest regulator to raise concerns about El Salvador's decision to authorize bitcoin as an optional legal tender...

VDollar Review: A multipurpose cryptocurrency contracts exchange

There are currently over 4,000 cryptocurrencies in existence, with new digital currencies being regularly introduced in the crypto market. But there are only some cryptocurrencies that are popular and used widely around the globe. With the growing trend of...

Poll finds majority of citizens are skeptical of El Salvador’s move to authorize bitcoin as legal tender.

According to a recent poll, more than three-quarters of Salvadorans are skeptical of the maverick leader's push to adopt the leading cryptocurrency bitcoin as parallel legal tender, Reuters reported. Earlier, El Salvador President Bukele's allies in Congress approved legislation...

Bitcoin mining industry faces the greatest hash-power migration in history.

The bitcoin mining industry is currently facing the greatest hash-power migration in history. Due to the latest crackdown by China, some of the leading BTC mining companies are planning to shift their operations to other locations. The on-chain analysis...

BTC-related investment products saw inflows worth $39 million in the last week.

The world's leading cryptocurrency bitcoin regained its title of the most popular cryptocurrency among institutional investors last week after BTC-related investment products saw inflows worth $39 million within the last seven days. Coinshares recently published its digital asset weekly fund flows...

Pro crypto U.S. Senator Cynthia Lummis invites bitcoin miners to her state.

Amid the ongoing crackdown in China, a lot of Bitcoin miners are shifting base to the U.S. The Republican U.S. Senator of Wyoming – Cynthia Lummis – has recently invited Bitcoin miners. The Republican Senator tweeted: "If you are...

Hester Peirce believes the SEC should have greenlighted a BTC ETF years ago.

In an interview with CNBC, Hester Peirce commented on the hot topic of Bitcoin ETF in the US and whether the country’s regulator will eventually approve such a product. Peirce, serving as a Commissioner on the Securities and Exchange...

U.S. State Department official urges El Salvador to be responsible with its new bitcoin law.

According to statements from a senior U.S. State Department official, Victoria Nuland, the U.S. hopes El Salvador will be responsible with the country’s new bitcoin tender law passed on June 9, 2021. The U.S. Department of State’s undersecretary of state for political...

Bitcoin whales now hold 48.3% of the total BTC supply.

Bitcoin accumulation is rising again after BTC whales dumped nearly 60,000 BTC in the last two weeks. In terms of price, the world's largest cryptocurrency is still trading near $33,000, down approximately 5% in the last seven days. Crypto...

Galaxy Digital CEO sees crypto miners’ migration out of China as a positive development.

As crypto miners are leaving China one after another following the country's crackdown on Bitcoin, Galaxy Digital CEO Mike Novogratz has echoed other experts in seeing the migration out of China as a positive development. Galaxy Digital CEO explained on Bloomberg...

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Bitcoin soars above $40,000 as the crypto market cap is back above $1.6 trillion.

The price of the leading cryptocurrency bitcoin has initiated another leg up, resulting in charting a new two-month high...