According to Bitbo statistics, the 19 millionth bitcoin was just mined, having left just under 2 million BTC for miners to distribute into circulation as the Bitcoin infrastructure ticks through a predetermined issuance schedule till it approaches the 21 million supply limit and stops creating new bitcoin.
Bloomberg has reported that Exxon is now mining bitcoin with excess gas which will not only increase revenues but also help the environment.
The present volume and liquidity of the Bitcoin market raises doubts about whether the peer-to-peer currency can be extensively employed in global trade at this time. Nevertheless, Russia has chosen to accept Bitcoin and gold for natural gas.
According to the White House, US President Joe Biden signed an executive order on Wednesday for the creation of digital dollar directing the government to evaluate the risks and benefits of developing a central bank digital currency, as well as other cryptocurrency concerns.
The city of Lugano, Switzerland, will make bitcoin legal tender and allow citizens to pay for public service fees or taxes in bitcoin, city director Pietro Poretti co-announced in an event livestreamed on Thursday alongside mayor Michele Foletti and CTO of Tether Paolo Ardoino. The city has already worked with
NFTs are gaining a lot of traction these days since they’re a great method to show off and market your digital artwork which has led to everyday technology questions like what is an NFT and how is it different from cryptocurrency?
The Reserve Bank of India’s (RBI) deputy governor has compared cryptocurrency to Ponzi schemes. T Rabi Shankar, the Deputy Governor, even suggested that ‘banning’ cryptocurrency was the best option for India in a speech.
Intel will show off advancements in its bitcoin mining solid-state circuit designs since the patent was submitted and outline how exactly they will change the bitcoin mining landscape forever. Hardware may commoditize should such new firms enter the market.
The US Department of Justice stated on Tuesday that a New York couple was arrested and booked for a $4.5 billion cryptocurrency laundering scheme and attempting to deceive the US government.
