Tag: Bitcoin

• Wednesday, January 26th 2022 - 09:39 UTC

  Bukele needs to eliminate bitcoin as legal tender, IMF says

  

  The International Monetary Fund (IMF) has urged Salvadorean President Nayib Bukele to drop the use of bitcoin as legal tender in the country, on the grounds that there are “great risks associated” with this practice. Bukele officially adopted bitcoin last September.

• Wednesday, October 20th 2021 - 22:55 UTC

  New world record for cryptocurrencies as Bitcoin soars past US $ 65,000

  

  Bitcoin, the world's most famous cryptocurrency, Wednesday set a new record as it breezed past the US $ 65,000 threshold at 9:43 a.m. Eastern time to ultimately reach the US $ 66,900 about an hour later, it was reported.

• Friday, September 24th 2021 - 18:27 UTC

  Chinese financial move tumbles down cryptocurrencies

  

  A regulatory decision Friday by The People’s Bank of China (PBOC) has led to a sharp fall in the price of cryptocurrencies such as Bitcoin and Ethereum, which have dropped over 6% and 10% respectively after bouncing back in previous weeks.

• Friday, July 30th 2021 - 07:23 UTC

  Chinese investors eye Paraguay for Bitcoin production

  

  Paraguay is to receive large investments to install 500,000 Bitcoin miners, as at least eight Chinese economic groups have expressed their interest in relocating their operations to the South American country thanks to its favorable legislation.

• Wednesday, June 23rd 2021 - 09:17 UTC

  Mercurial Bitcoin comes back from below US $ 30,000 but future remains uncertain

  

  Cryptocurrency investors could breathe again Tuesday after Bitcoin first fell below US $ 30,000 for the first time in five months, but eventually managed to rebound up to over US $ 32,000.

• Thursday, June 10th 2021 - 09:30 UTC

  Bitcoin legal tender in El Salvador, first country ever

  

  The Parliament of El Salvador has passed with 62 out of 84 votes a bill submitted by President Nayib Bukele to classify Bitcoin as legal tender, thus becoming the first country in the world to adopt a cryptocurrency. Its use as legal tender will go into law in 90 days.

• Friday, April 23rd 2021 - 09:20 UTC

  Canadian bitcoin producer picks Argentina for new development

  

  Canadian bitcoin miner Bitfarms has announced its plans to start operations in Argentina in early 2022, with a total of 55,000 machines, it was reported. The country emerged as a logical choice due to its relative low expenses in local pesos with all profits in bitcoin, analysts said.

• Thursday, June 4th 2020 - 18:11 UTC

  Bitcoin Express offering a smooth ride as economies endure shaky 2020

  

  “Get on the train.” That was the response from investment expert Michael Novogratz when asked about his thoughts on Bitcoin (BTC). With the world’s economy in turmoil heading into the second half of 2020, the crypto advocate said now is the time to invest. According to his metrics, BTC is poised to break another resistance level and, thus, raise its baseline average. For investors, that’s a positive sign. However, the latest hype seems to have more substance this time around.

• Sunday, February 25th 2018 - 13:48 UTC

  Why The Next Oil Boom Will Be Fueled By Blockchain

  

  Big Oil is due for a disruption.

• Wednesday, February 21st 2018 - 01:26 UTC

  Petro, the Venezuelan cryptocurrency is online

  

  The pre-sale of Petro began early on Tuesday, the cryptocurrency proposed by the Venezuelan government in recent weeks and backed by the country's natural resources. According to experts, it is “ridiculous”, arguing that the creation of a new currency would aggravate the economic crisis in the Caribbean country.