The government of El Salvador has shocked the world by declaring to become the first nation in the world to accept Bitcoin as a legal tender. The country has already passed the law and made Bitcoin a parallel mode of payment alongside USD. This massive transformation took place when president-elect Nayib Bukele proposed that the…
During a recent podcast, the CEO of IOHK, Charles Hoskinson, stated his concern about the progress of financial development, saying that America could fall behind other major or minor countries if it doesn’t do something about the strict regulations applied to cryptocurrencies. Charles Hoskinson was a part of a very recent episode of the COINs…
El Salvador president Nayib Bukele has confirmed via Twitter that the country has managed to mine some of the Bitcoin using volcanic energy. He says that the mining facility is still in its primitive stage and requires a lot of tinkering and professional insight to be able to make this endeavor a regular element. From…
Following the recent upward trend of bitcoin, the bitcoin options chart shows a strong sentiment from traders that bitcoin will sustain the current momentum. Bitcoin options contracts are used as a hedge for futures and spot trading for the token. Recent analysis shows an upward sentiment from traders who have put their faith in a…
The changes applied to the cryptocurrency regulations in South Korea have forced almost two-thirds of the country’s crypto exchanges to be scheduled for shut down soon, leaving investors with huge losses. In regards to the announcement made by South Korea’s Financial Commission, all local and international cryptocurrency exchanges have been advised to register themselves as…
When it comes to cryptocurrencies and their investment, there are two different schools of thought around that. There are those who are severely against the idea of decentralization and can’t bear the thought of it. It is considered a vile mode of investment and something that will drop dead the very next day or, if…
Top FinTech company, Fidelity asset management firm, has called out the US top financial regulator over its non-approval of a crypto ETP. The disclosure was made following a meeting between its executives and top SEC officials recently. The Benefits For Everyone The Fidelity Excos gave several proofs why SEC’s approval of a crypto ETF is…
Findings from analytics firm, Bitnodes, show that Germany is operating more nodes for flagship cryptocurrency, Bitcoin than the US in a surprising outcome. According to Bitnodes, there are exactly 10,780 listening or fully validating nodes. Listening nodes differ from other nodes on the network because they fully participate in distributing transactions across the network for…
YouGov poll has revealed that 27% of Americans support the idea of adopting Bitcoin as a legal tender. The new poll further revealed that 11% of the Americans voiced more solid support for Bitcoin’s use as a legal tender in the country, while the remaining 16% were indifferent. If adopted, it would mean that businesses…
Bitcoin, in recent times, has been experiencing several developments most of which are often contributions to its growth. However, the recent adoption of the token as a legal tender in El Salvador has generated a level of mixed feelings which has also been reflected in its price. Amidst these uncertainties, however, the popular whistle-blower, Edward…
Various data indicate that crypto mining firms are settling at their new locations following aggressive action on them by the Chinese authorities in May. Institutions Remain Bullish Glassnode analytics suggest that institutions might be responsible for bitcoin’s current bullish run. “Institutional investors continue to dominate transaction volumes which are impacting BTC’s price action positively,” Glassnode…
China will try a renewable electricity transaction system based on blockchain. The world’s greatest carbon dioxide producer is decarbonizing with the help of blockchain. Officials with Beijing’s highest market competent authorities have granted the go-ahead for blockchain-based renewable electricity transaction trials across China, according to the National Development and Reform Committee’s official site, which made…
Bitcoin saw its price retesting the support area at $46,000 before gradual rises. For now, the token has to maintain its actions beyond the $47,500 mark to support stable upsurges. Critical resistance levels – $52K, $54K, and $56K Critical support levels – $44K, $42K, and $40K BTC-USD Daily Chart Currently, BTC/USD appears to recover from…