The world’s top cryptocurrency, Bitcoin, has dropped below the $20,000 threshold for the first time since December 2020, trading data shows. The coin had plunged around 13.7% over a 24-hour period as of Saturday afternoon to a low of $17,593, its weakest level in 18 months. It did then manage …
Read More »Largest crypto exchange halts Bitcoin withdrawals
The world’s largest cryptocurrency exchange, Binance, has temporarily halted Bitcoin withdrawals “due to a stuck transaction causing a backlog,” CEO Changpeng Zhao said in a tweet on Monday. Zhao tried to reassure users that their funds were safe and the problem was only impacting the Bitcoin network. The Binance team …
Read More »Bitcoin plunges to 18-month low
The world’s top cryptocurrency, Bitcoin, slid below $25,000 per token on Monday morning, plunging more than 43% so far this year from nearly $49,000 in March. At 08:15 GMT, it was trading at $24,800 per coin, down 9.8% for the day. Bitcoin has been declining for nearly 12 straight weeks …
Read More »First African nation adopts Bitcoin as currency
The world’s most popular cryptocurrency – Bitcoin – has become legal tender in the Central African Republic. Lawmakers unanimously voted to adopt Bitcoin alongside the country’s traditional currency, the CFA franc, and the country’s President signed the measure into law on Wednesday, the president’s office said in a statement. The …
Read More »How to buy Bitcoin
In order to buy bitcoin and not lose money, you need not only to choose a proven method of purchase, but also to make sure that there are no excessive commissions, take into account a number of other important aspects. Both beginners and experienced investors are not immune from mistakes. …
Read More »How to invest in bitcoin
Back in 2008, bitcoin seemed like an abstract idea, but now many people understand that it can significantly increase their capital. Every year its rate only grows, which is why this cryptocurrency is called the digital gold standard.Since bitcoin attracts more and more attention from not only ordinary users, but …
Read More »Bitcoin billions for Russia if it regulates crypto – report
Russia could collect up to 1 trillion rubles ($13 billion) per year by regulating and taxing cryptocurrency transactions, analysts for the government believe, according to Moscow-based news outlet The Bell. The report follows intense debate in Russia over how to deal with cryptocurrency, with some suggesting it should be completely …
Read More »US state may make bitcoin legal tender
US Senator Wendy Rogers has introduced a bill to make bitcoin legal tender in Arizona this week. With the bill, SB 1341, the Senator is seeking to amend the list of currently accepted legal tender to include bitcoin. This would allow the use of the digital token for the payment …
Read More »IMF warns Bitcoin-friendly country of ‘large risks,’ president responds
The International Monetary Fund (IMF) encouraged El Salvador to drop Bitcoin’s status as an official currency on Tuesday, warning that the cryptocurrency could cause financial instability. In a statement, the IMF claimed El Salvador’s decision to adopt Bitcoin as legal tender last year “entails large risks for financial and market …
Read More »Bitcoin drops 50% of its value
The world’s biggest digital asset, Bitcoin, fell as low as $34,042.78 on Saturday, marking a drop of 7.2%. It has recovered most of those losses, and was trading at $35,445 at 14:19 GMT. Other cryptocurrencies saw declines as well, with Ethereum down 12%. Solana and Cardano each dropped at least …
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