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...
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 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...
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...
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...
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...
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...
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...
Investors in bitcoin are seeing a two-week high, with the popular coin hitting $51,144.62 on Dec. 26, a report says. This comes after a difficult few weeks where the coin saw a 33% drop. That came after bitcoin hit an all-time record on Nov. 10,...
