Bitcoin is down about 70% from its November all-time high, and the crypto market as a whole is in what is best described as an extreme fear cycle after a stablecoin run wiped out $45 billion and a couple of other companies eye insolvency. Get...
As bitcoin crashed well below the psychologically important $20,000 mark over the Juneteenth holiday weekend, bottoming out at levels not seen since the very beginning of the crypto bull market in November 2020, fears are growing that it will get a lot worse before it...
On June 10, El Salvador was down about $38.1 million on its bitcoin investment. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Almost year ago Sunday (June 5), President Nayib Bukele announced El Salvador would make bitcoin a legal tender, on par with the U.S. dollar. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The International Monetary Fund (IMF) dropped yet another strong hint that it won’t bail El Salvador out of coming debt payments that could lead to a default while bitcoin remains a legal tender in the Central American country. Get the Full Story Complete the form...
So, what is bitcoin? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing...
Sunday was Bitcoin Pizza Day, the annual crypto industry holiday celebrating the first known use of bitcoin as a payments currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Billions in bitcoin, bought as a reserve by the Luna Foundation Guard (LFG), a foundation set up by the failed Terra blockchain, is now untraceable after being moved to two crypto platforms, Bloomberg wrote Saturday (May 14). Get the Full Story Complete the form to...
Given the unpopularity and slender use of bitcoin as a currency in El Salvador, you’d think that President Nayib Bukele’s decision to spend another $15 million of the nation’s treasury buying more bitcoins on Monday (May 9) — right as the crypto market began to...
