It is interesting to note that Bukele’s move is considered the first experiment by a country in using a volatile currency as legal tender. The global market cap of cryptocurrencies also shrunk from an all-time high of $ 3 trillion to $ 1.25 trillion in the past 6 months. President Bukele, while announcing his plans […]
Bitcoin is down by a significant 8.54 per cent after breaking support levels and is trading at $31,008, less than half from its all-time high which was close to $69,000. …Read the full story
As per data from CoinMarketCap as of 14:00 IST, even top crypto tokens like Bitcoin, Ethereum, Cardano, and Solana felt the hit of the crash. Memecoins like Dogecoin and Shiba Inu also felt the hit. Sharat Chandra, crypto expert and Vice President, Research and Strategy at EarthID told Business Today that this dip in prices […]
Bitcoin is the largest cryptocurrency by market cap and adding more of it to the existing circulation is called Bitcoin Mining. The ledger’s existence, which is freely maintained by thousands of people known as nodes, allows anyone to see both the current state of Bitcoin ownership and its entire history. There is no central authority […]
He explained that owning assets like real estate; farmland etc would generate income in the form of rent, crops, etc. It’s evil because it undermines the Federal Reserve System…and third, it makes us look foolish compared to the Communist leader in China. While Nubank does not aggressively promote cryptocurrency trading, its platform called NuInvest enables […]
The person living in this house will not have to worry about the nerve-wracking noises of traffic and all sorts of commotion on the streets as it is located in the midst of the Duck Ledges Island. The house, also known as the world’s loneliest home, is up for sale at Rs 2.5 crore or […]
The Bitcoin fever is spreading. Nayib Bukele, the President of El Salvador has always been bullish about the prospects of cryptocurrencies and actively speaks about them. Despite this, experts still believe Bitcoin and other cryptocurrencies are too volatile to function as legal tender in modern economies. …Read the full story
Furthermore, Bored Ape Yacht club’s creators Yuga Labs announced that the most valuable NFT collectable would be entering the metaverse soon. …Read the full story
This process requires a lot of energy and has been a cause of concern for environmentalists. But latest trends show that crypto mining is going green by the day. Because Norway has access to hydropower and other renewable energy sources, Bitcoin miners in the country are more environmentally friendly than practically everywhere else on the […]
Meanwhile, Australian regulators have given their nod to a Bitcoin ETF for investors who would like to benefit from the crypto market trend but do not have the risk appetite for it. …Read the full story
Incidentally, ace inventors Cathie Woods and the Winklekovs brothers’ request to launch Bitcoin ETFs was rejected by the US SEC. The biggest issue is the fact that ETFs can only be bought and sold during market hours, but cryptocurrency exchanges are open 24 hours a day. And, investors must go through know-your-customer checks to buy […]
Interestingly, this isn’t the first time an independent car dealership has opted to use cryptocurrency as a means of payment. Last year, Tesla had stated that it would start accepting payments in bitcoin for its products, calming that it would first major automaker to do so. …Read the full story
Separately, Indian crypto exchange CoinDCX announced on Tuesday that they raised $135 million in latest funding round bringing their valuation to $2.15 billion, making them the most valuable crypto company in India. …Read the full story
