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“#El Salvador to keep dollar as legal tender, seeks World Bank help with bitcoin” El Salvador will not replace the US dollar with bitcoin as the legal tender, Finance Minister Alejandro Zelaya said Wednesday, as the Central American nation sought technical assistance from the World Bank to implement bitcoin regulation. The Central American country this…
“#Bitcoin up 10 percent after Elon Musk says Tesla may use again” Bitcoin jumped nearly 10 percent late Sunday after Elon Musk tweeted that Tesla may resume accepting the cryptocurrency as payment. Bitcoin was trading at around $39,200 early Monday, up from about $36,000 Sunday morning, according to Coindesk data. While that’s still far below…
“#Coinbase to create its first NYC office” Coinbase, the San Francisco-based trading platform for bitcoin and other digital currencies, is setting up its first New York office, Realty Check has learned. The much-in-the-news startup, with a market valuation of $85.7 billion based on outstanding shares, went public via a highly anticipated direct listing in April…
“#’CryptoPunk’ NFT sells for $11.8 million at Sotheby’s” Who says the NFT bubble has popped? A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby’s on Thursday. “CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017” and the mega…
“#What does it mean for crypto?” LONDON, June 10 – El Salvador has become the first country in the world to adopt bitcoin as legal tender, with President Nayib Bukele touting its use for its potential to help Salvadorans living abroad to send remittances back home. Here’s what the move means for bitcoin as a mainstream currency – and emerging markets such as El Salvador:…
“#China arrests 1,100 crypto users on money laundering charges” China’s crackdown on cryptocurrencies is heating up with a series of arrests that suggest digital currency users can be traced. More than 1,100 people who allegedly used cryptocurrencies to launder profits from frauds were arrested Wednesday, the country’s Ministry of Public Security said in a statement. …
“#El Salvador is first country to make bitcoin legal tender” El Salvador on Wednesday officially became the first country to adopt bitcoin as legal tender. President Nayib Bukele announced on Twitter just after 2 a.m. ET that the Central American country’s legislative body voted in favor of the so-called Bitcoin Law — making the digital…
“#Bitcoin falls after US reclaims Colonial Pipeline crypto ransom” The price of bitcoin fell Tuesday, one day after US officials announced that they managed to recover most of the bitcoin that was paid as ransom to the Colonial Pipeline hackers. Bitcoin traded almost 12 percent lower on Tuesday. The crypto was exchanging hands at about…
“#San Jose Sharks become first NHL team to accept crypto” The San Jose Sharks will become the first NHL team to accept cyptocurrency payments, joining other pro sports teams from the NBA and MLB in embracing digital currency. Beginning at the start of the 2021-2022 season in October, the Sharks will accept cryptocurrencies including bitcoin,…
“#Americans pocketed $4B in bitcoin profits in 2020, analysis reveals” Americans got richer off bitcoin than any other country last year — pocketing $4.1 billion in profits as the price of the volatile cryptocurrency soared to $29,000 from under $10,000, according to a new analysis. The US was followed by China, which cashed out some…