The price of bitcoin has dropped around $15,000 over the past 24 hours. It was trading at nearly $47,580 as of 08:16 GMT, down 16.14% day over day, having dropped by 31.6% from the year’s high of $69,000, which it reached on November 10. Meanwhile, ether, the second-largest cryptocurrency by …
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The bill would create a framework for an official digital currency and “prohibit all private cryptocurrencies in India,” according to Tuesday’s announcement by the Lok Sabha, India’s house of representatives. It will be on the legislature’s agenda when it convenes for the winter session on November 29. India’s previous ban …
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Quick-service restaurant chain Tahini’s, based in London, Ontario, which serves Middle Eastern cuisine, made its first investment in bitcoin in August 2020 when it cost around $12,000 per token. Despite recent drops, the world’s biggest cryptocurrency by market capitalization traded at over $56,390 early Tuesday morning, nearly five times higher …
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While cryptocurrencies and digital money have the potential to make payment systems more “efficient,” El Salvador’s decision to make bitcoin a legal tender was a risky one, the IMF said in a release on Monday. “Given bitcoin’s high price volatility, its use as a legal tender entails significant risks to …
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Reaching an all-time high of $68,382, bitcoin rose by nearly 5% during Asian trading hours on Tuesday. As of 05:30 GMT, the rally slowed, but the cryptocurrency was still trading close to the $68,000 mark. Since the start of October, bitcoin has been bullish, with the crypto market in total …
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“Coinstar, in partnership with Coinme, has launched a pilot that allows its customers to use cash to purchase bitcoin. There are 200 Coinstar kiosks located inside Walmart stores across the United States that are part of this pilot,” Walmart communications director Molly Blakeman told CoinDesk on Friday. Walmart customers can …
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The New York-based researchers, who had previously projected the world’s most valuable cryptocurrency to hit $100,000 by the year’s end, now say that the ProShares ETF may attract substantial inflows from investors, thus boosting the price of bitcoin. According to Fundstrat, the new bitcoin futures ETF will deliver higher first-year …
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Bitcoin was trading around $58,000 as of 6:00 GMT on Thursday, up about 5% from the previous close. It dipped below $55,000 briefly on Wednesday, after trading in a tight range over the past few days. Some analysts claim the current rally is driven by increased speculation around the possibility …
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Unlike other forms of money, including fiat currencies, which can be printed on the whim of central banks, bitcoin has a limited supply capped at 21 million coins by elusive inventor Satoshi Nakamoto. This means there will only ever be 21 million bitcoin in existence. By August 2021, approximately 18.7 …
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The mining operation, run by the state-controlled energy company LaGeo SA de CV, managed to generate 0.00599179 bitcoin, or about $269, using geothermal power from volcanoes, Bukele tweeted. Earlier this week, the president shared on Twitter a video of government-branded shipping containers carrying digital-currency miners to an energy facility in …
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