On September 7, bitcoin will officially become legal tender in El Salvador. The country is preparing for this launch even if the World Bank and the IMF strongly disapprove of it. The schedule is tight. El Salvador has announced that it will soon give bitcoin legal tender status. The precise date is now known: it will be September 7, announced the government of … [Read more...] about El Salvador to install bitcoin-friendly ATMs
One of Morgan Stanley's funds bought over 28,000 shares of Grayscale Bitcoin Trust.The investment bank's indirect exposure to Bitcoin was an allocation of $1.3 million at the time of purchase.Morgan Stanley has given the green light to several funds to invest up to 25% of total assets in BTC-related products. Wall Street investment bank Morgan Stanley reportedly bought back … [Read more...] about Morgan Stanley Holds Significant Stake in Grayscale Bitcoin Trust, SEC File Revealed
The price of Bitcoin suffered a fatal setback last week as it revisited the crash levels of May 19, but this week is promising.Miners scramble to reallocate as China crackdown on BTC mining in several regions.Investors are mobilizing to offset Bitcoin's energy consumption through green initiatives. Bitcoin's price action has been brutal over the past week as it slipped to … [Read more...] about Miners Face Metaphorical Ax As Investors Push For Green BTC
China's bitcoin offensive is putting miners across the country in dire straits. But it should make life easier for others. After the drop in hashrate generated by the closure of Chinese farms, the level of difficulty of the calculations required of miners should drop. China's bitcoin offensive isn't necessarily bad news for all miners. With the country's … [Read more...] about Bitcoin mining set to get easier following restrictions in China
Africrypt has been unavailable since August. Customers are missing 69,000 bitcoins, for $3.6 billion. Africrypt is a cryptocurrency buying platform based in Cape Town, South Africa. The company was founded by two brothers, Ameer and Raees Cajee, aged 17 and 20 respectively. Only, a little over two months ago, when Bitcoin was peaking, Africrypt disappeared. Quickly, Ameer … [Read more...] about Scam: biggest bitcoin theft reveals itself
It's the crisis for BTC mining equipment manufacturers. The manufacturer Bitmain suspends sales of machines, the prices of which are plummeting. The ban on Bitcoin mining in China has serious repercussions. The effects are felt beyond the single price of BTC, subject to strong tensions. During the week, the price of Bitcoin dropped back below $30,000. But it is also … [Read more...] about Black day for Bitcoin mining, weighed down by China
After the adoption of Bitcoin by El Salvador, a congressional representative from Paraguay announces a bill that would allow this country to follow suit, but also to encourage mining (with renewable energy sources). A few days ago, El Salvador made a name for itself by adopting Bitcoin as legal tender. And although this has aroused the reluctance of the World Bank and the … [Read more...] about After El Salvador, will Paraguay also adopt Bitcoin?
A further step in the restrictions imposed on cryptocurrencies in the Middle Kingdom. The Regional Development and Reform Commission and the Energy Department of southwest China's Sichuan Region demanded the closure of 26 Bitcoin mines on June 18 within 48 hours. The region's electricity suppliers were ordered to locate and then cut off electricity at the Bitcoin mines, … [Read more...] about China gradually cuts electricity to its Bitcoin miners
Crypto investors are pretty much on the run right now! Indeed, after a relatively calm week, crypto prices seem to gogo down again this week. However, a billionaire investor has just declaimed his attachment to cryptos... What to restore balm to the hearts of crypto investors? Steve Cohen, a billionaire “converted” to cryptocurrencies! Steve Cohen is not necessarily one … [Read more...] about This billionaire “converted to crypto” who does not want to “miss” the crypto turn!
International financial institutions are very hesitant on this subject. The decision sparked a wave of enthusiasm among all Bitcoin advocates. Last week, Salvadoran President Nayib Bukele announced his intention to recognize cryptocurrency as legal tender (like the US dollar). This is a first in the world and the idea is in particular to improve financial inclusion in a … [Read more...] about The IMF and the World Bank are reluctant to Bitcoin