Bitcoin

Bitcoin
El Salvador Turns to DeFi, Uses Bitcoin-Backed Microloans to Fight Loan Sharks
January 21, 2022

Saying more than half of El Salvador’s businesses are funded by loan sharks, the government of El Salvador plans to offer $10 million in bitcoin-backed loans. President Nayin Bukele’s strategy of making bitcoin a legal tender in the country and buying tens of millions of...

Bitcoin
Bitcoin’s Slide Casts Doubt on Its Usefulness for Payments
January 21, 2022

Bitcoin has transformed from a cryptocurrency into a store of value on par with gold as an inflation hedge. So said Wall Street and institutional investors diving into BTC and the broader crypto market in 2021 — Gold 2.0. It’s a narrative many in the...

Bitcoin
Bitcoin Miner Rhodium’s S-1 Cites Halving as Bitcoin’s Biggest Systemic Risk
January 18, 2022

As more bitcoin mining moves to the U.S., Texas-based Rhodium Enterprises is asking cryptocurrency supporters to bet $1.7 billion on a liquid-cooled, solar- and wind-powered operation that will mine more BTC while creating less pollution. In an S-1 filing with the Securities and Exchange Commission...

Bitcoin
Fresh Volatility Could Signal Rocky Year for Bitcoin
January 11, 2022

Bitcoin is off to a rocky 2022, with prices tumbling below $40,000 for the first time since September, tracking to hit its worst start to a new year since 2012 and perhaps since its inception, Bloomberg reported. The world’s first cryptocurrency lost about 14% in...

Bitcoin
El Salvador: Regulatory Regime for Bitcoin ‘Volcano’ Bonds As Soon As February
January 09, 2022

El Salvador is apparently readying a new Bitcoin law. Samson Mow, Chief Strategy Officer of Blockstream — the crypto asset firm overseeing El Salvador’s forthcoming, billion-dollar Bitcoin bond issuance — announced it in an English-language tweet on Jan. 3, according to El Salvador.com. The new...

Bitcoin
CSI, NYDIG Want to Bring Bitcoin to Community Banks
January 06, 2022

The FinTech and RegTech solutions provider Computer Services Inc. has joined forces with the bitcoin company NYDIG to offer bitcoin services to community financial institutions. “Powered by NYDIG, the new offering allows banking customers to buy, sell, and hold bitcoin directly within CSI’s digital banking...

Bitcoin
Zebedee CTO Sees Bitcoin as the Universal Currency of the Metaverses
January 05, 2022

Nike’s selling virtual sneakers in the metaverse. Play-to-earn gamers in NFT-based Axie Infinity have bought and sold in-game items nearly 11.5 million times, with $3.81 billion changing hands. E-sports — watching people play video games over livestream — is a $1 billion business that attracts...

Bitcoin
El Salvador’s Bitcoin-as-Currency Experiment Ends 2021 on a Low Note
January 02, 2022

Without a fairly sharp jump, bitcoin is going to end the year below the $51,000 level at which El Salvador bought its first 200 BTC, a somber note for the largest cryptocurrency’s turn as an official national currency. But then, El Salvador’s President Nayib Bukele...

Bitcoin
Bitcoin Daily: Binance Gets Approved in Bahrain; Crypto Enthusiasts Set up Crypto-Run City Near Yellowstone
December 27, 2021

The Central Bank of Bahrain has granted Binance in-principle approval to become a crypto-asset service provider in the kingdom, Binance announced Monday (Dec. 27). Binance says this came after the company applied for a CBB license to become a fully-regulated, centralized crypto exchange. Meanwhile, digital...