Tag: Bitcoin
Although the FX market has been generally stable over the last month, significant volumes of foreign currency purchases by banks pursuing overseas settlements create some additional pressure. As a solution to this, Ukraine has banned Bitcoin purchases with national currency amid martial law.
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.
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 over 200 merchants to propel the adoption of bitcoin and Lightning payments.
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.
Self proclaimed Bitcoin inventor Craig Wright has wins a major lawsuit which saves him from paying $10 billion in cryptocurrency to his former business partner.
The Bitcoin-friendly president of El Salvador, Nayib Bukele, said that his country plans to build the world's first Bitcoin City at a Bitcoin investment summit on Saturday.
We explain here the Bitcoin scam that has rocked the Karnataka BJP government. The political outrage is over a 25-year-old hacker, Srikrishna, who has everyone swirling around his finger with cybercrimes and cryptocurrencies.
Michael Burry, the quirky hedge-fund manager made famous in The Big Short movie (played by Christian Bale), complains that no one is paying attention to crypto’s leverage. For months, he has been suggesting that bitcoin is on the precipice of collapse.
