Cryptocurrency

Economist Steve Hanke says Bitcoin’s adoption as legal tender could completely collapse El Salvador’s economy.

Steve Hanke, who served as a senior economist under President Ronald Reagan's administration from 1981 to 1982, has warned that El Salvador's decision to authorize bitcoin as legal tender has the potential to "completely collapse the economy." The economist...

A survey reveals investors are still bullish on Bitcoin despite the recent market drop.

Despite Bitcoin and the wider cryptocurrency market going through one of its worst crashes in recent memory, investors are apparently more bullish than ever regarding the future fortunes of Bitcoin and other cryptocurrencies. That's according to the results of...

Nigeria plans to launch its CBDC by the end of 2021.

An official with the Central Bank of Nigeria (CBN) told a local news outlet that the central bank is hoping to launch a central bank digital currency (CBDC) “before the end of the year. Director of IT for CBN,...

Betting on Euro 2020 is easier in cryptocurrency at 1xBit

The online crypto gambling site continues to delight its players with new and new wonderful betting opportunities. Euro 2020 is also not left without attention. You can win amazing prizes as you watch the action take place live at...

American hedge fund manager Tudor Jones says he likes bitcoin as a portfolio diversifier.

The founder of Tudor Investment Corporation, Tudor Jones, said that he would like to allocate around 5% of his investment portfolio to Bitcoin. In a recent interview with CNBC, the American hedge fund manager said that the world's largest cryptocurrency is...

Block.one settles the EOS ICO class-action lawsuit by paying off $27.5 million.

The issuer of the EOS token Block announced last week that the company has agreed to settle a class-action lawsuit brought against its initial coin offering (ICO) by paying $27.5 million. The lawsuit was brought against the blockchain company...

Bitcoin dominance rises to 45% in the last 24 hours.

The world's largest cryptocurrency, bitcoin, saw bullish sentiment from traders in the last 24 hours as its price gained nearly 12% within a single day. The latest price rally has caused a sharp increase in the market dominance of...

Elon Musk says Tesla would resume accepting bitcoin once miners use more green energy.

Bitcoin's price surged over 10% on Sunday evening stateside after Tesla CEO Elon Musk said the electric vehicle maker could accept bitcoin transactions again in the future. At the time of writing, bitcoin is trading at $39,340, 12% up...

Iran’s president calls for new crypto regulations.

Iran's President Hassan Rouhani said the country requires a legal framework for cryptocurrency and related activities that would protect the national interest while ensuring digital currency mining remains outlawed. Rouhani said the laws must take account of both the...

Thailand’s SEC bans crypto exchanges from trading memes and fan-based tokens.

According to the BNN Bloomberg report, Thailand's Securities and Exchange Commission has banned cryptocurrency exchanges from trading meme- or fan-based tokens, non-fungible tokens, and exchange-issued tokens. According to a statement from the regulator, the regulation affecting tokens like Dogecoin...

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China extends its crypto mining crackdown to Sichuan.

Most of the crypto mining happens in China, accounting for more than half of global bitcoin production. But the...