New York City’s mayor-elect Eric Adams said he wants his first three pay cheques on the job to be paid in Bitcoin, vowing to make the city the “center of the cryptocurrency industry.” “NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries, just wait,” he said on Twitter […]
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Ether, the world’s second-largest cryptocurrency, hit an all-time high on Wednesday reaching as high as $4,643, catching up with bitcoin’s rally, and breaching the previous day’s $4,600 and marking a 10 percent weekly gain. “Since the market reversal at the end of September, ether’s strength has been moving in stride with BTC and other majors,” […]
Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world’s most valuable company, Apple, and have amassed more than 200 million users. At that size, it’s simply too big for the financial […]
NEW YORK (AP) — Interested in Bitcoin but don’t want to open a crypto trading account? Wall Street has something for you. ProShares said Monday it plans to launch the country’s first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol “BITO” is expected to begin trading Tuesday, barring any opposition from regulators. […]
An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant. Greenidge Generation runs a once-mothballed plant near the shore […]
The People’s Bank of China doubled down on Friday its crackdown on all cryptocurrency mining and trading activities by instituting its latest regulation prohibiting overseas cryptocurrency exchanges from accommodating to Chinese citizens under threat of criminal penalty, yielding Bitcoin value. China’s perception of decentralized currencies is not a thing of the past. As the first […]
One week after El Salvador became the first country to make bitcoin legal tender, problems continued to plague the system Tuesday. El Salvador rolled out a digital wallet known as the “Chivo” on Sept. 8, but the system has often been down for maintenance. It may have been overloaded by the sheer number of Salvadorans […]
Salvadorans trying to pay for a cup of coffee or receive money sent from relatives in the United States using the cryptocurrency bitcoin continued struggling to perform transactions Wednesday, a day after El Salvador made it legal tender. Problems still plagued the digital wallet Chivo. El Salvador President Nayib Bukele kept citizens apprised of advances […]
El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the morning, El Salvador’s president became tech support for a nation stepping into the world of cryptocurrency. […]
El Salvador is betting that this week’s pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States. A fervent proponent of the cryptocurrency, President Nayib Bukele has asked the more than 2 million Salvadorans who live overseas to send […]