Bitcoin

Putin Subtly Endorses Cryptocurrency

Putin Subtly Endorses Cryptocurrency

Russia’s President, Vladimir Putin, has subtly expressed his opinion concerning cryptocurrencies. Putin made a statement that signaled his readiness to accept cryptocurrencies for financial transactions in Russia in the future. Speaking during an interview with CNBC, Putin said that cryptocurrencies have a right to exist and to be used as a medium of transactional payment. Putin however mentioned that it is too soon to begin talks about accepting cryptocurrencies as payment for oil, Russia’s main export commodity. The Road to Cryptocurrency Adoption Cryptocurrencies have been backed for adoption by many countries in the future given the wide rate of acceptance,…
Read More
Bitcoin Mining Company MintGreen Is Providing Heat For Vancouver

Bitcoin Mining Company MintGreen Is Providing Heat For Vancouver

Bitcoin has seen a meteoric rise since its inception. With this rise in popularity has come a corresponding increase in price, leading to massive profits across the board for crypto holders. With Bitcoin still being the ‘market decider’, its growth always spells good fortune for the rest of the crypto market and that has, in turn, led to increasing crypto adoption in different industries.  However, one problem that seemingly seems to go under the radar quite often is the downside that crypto mining and Bitcoin mining, in particular, has on the environment. The mining company, MintGreen, seems to have found…
Read More
El Salvador’s Chivo Bitcoin ATMs Are Now Present In Various US Cities

El Salvador’s Chivo Bitcoin ATMs Are Now Present In Various US Cities

El Salvador has managed to bring its Chivo Bitcoin ATMs inside multiple cities in the United States. The main reason behind bringing Chivo ATMs into US Soil is because it makes it much less difficult and inexpensive to transmit remittances outside of the US back to people in El Salvador. This is a great advantage for anyone living in the US, that can easily send remittances to their friends or loved ones in El Salvador. Locations for ATMs According to the thread of tweets posted by President Nayib Bukele, currently, around fifty Chivo ATMs have been registered in ten separate…
Read More
Senate Candidate Blake Masters Speaks In Favor Of Bitcoin

Senate Candidate Blake Masters Speaks In Favor Of Bitcoin

The crypto community at large is not happy with the decision of China imposing a complete ban on possession, trading, and mining of Bitcoin. A few months ago, the government of China decided to implement and introduce a detailed ban on the cryptocurrency industry under their jurisdiction. Some of the Bitcoin maximalists have called this act a totalitarian move by the CCP (Chinese Communist Party). On the other hand, many crypto analysts in the United States claim that Bitcoin is going to absorb the shock and come out even stronger from this incident. Blake Masters is one such personality. He…
Read More
India Won’t Rule Out Cryptocurrency Says Nirmala Sitharaman

India Won’t Rule Out Cryptocurrency Says Nirmala Sitharaman

Nirmala Sitharaman, India's minister of finance, acknowledges the relevance of cryptocurrency, but she thinks the country has to consider its own peculiarity in relation to cryptocurrency. El Salvador, a Case Study on Cryptocurrency  She cited El Salvador as an example of the impact of a change in policy on cryptocurrency. El Salvador accepted bitcoin as a legal tender, and this led to protests against adoption of cryptocurrency in the country. She thinks this is proof that the public cares about government policy on cryptocurrency. She doesn't think it is a matter of literacy or understanding, it is rather a question…
Read More
Bitcoin Exchange Reserves have Dropped Drastically

Bitcoin Exchange Reserves have Dropped Drastically

Bitcoin has had a very bumpy journey; first, it was not taken seriously, and it couldn't even account for a single dollar, but then the financial world came around, and investors were eager to get their hands on the flagship cryptocurrency, and its price soared. It soared so much so that it reached almost $65K; this is the point where everyone, every single person of interest, was tempted by Bitcoin and wanted nothing but to invest in it and amass more and more of it. But then China backed out on Bitcoin altogether, and the mining rate declined, which resulted…
Read More
Microstrategy Buys Additional BTC Worth About $244m 

Microstrategy Buys Additional BTC Worth About $244m 

Top digital asset management firm and corporate bitcoin bull, Microstrategy, has bought additional BTC worth about $244m based on its latest filing with the SEC. Thus, the company's total BTC purchases in this quarter are now worth about $210m. Microstrategy Remains A Corporate BTC Whale Microstrategy maintains its position as the leading corporate crypto whale. Its BTC asset is now valued at about $3.17B at an average buy price of $27,714 per coin. The company CEO disclosed the additional purchase via his official Twitter handle today. Microstrategy's filing with the sec indicates that it increased its BTC holdings by almost…
Read More
El Salvador Finally Accepts Bitcoin as Legal Tender

El Salvador Finally Accepts Bitcoin as Legal Tender

Since El Salvador has accepted the top cryptocurrency as a legal tender, it has become the talk of a town, now this is a country in front of you with not an overtly stretched financial profile as the European or Asian countries, but still, it managed to pull off this amazing deed recently and has motivated many countries to do the same. Soon enough, El Salvador is going to launch its new crypto wallet app, and everyone signing up for the app for the first time will be receiving $30 in the form of real bitcoin as it would officially…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.